Apartment 22 & Parking Space, 34, Ryland Street, BIRMINGHAM, West Midlands, B16 8DB

Description

Leasehold third floor flat

Accommodation

One bedroom, reception room open plan to kitchen, bathroom/wc. Outside: Allocated parking.

Location

The property is located on Ryland Street. A comprehensive range of shops, bars and restaurants can be found within Birmingham City Centre. Public transport links are available at Five Ways Rail Station lying to the south east (West Midland Services) and at Birmingham New Street Rail Station located to the east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A456 located to the south and the A4540 lying to the west. Recreational pursuits can be found at Chamberlain Gardens located to the west.

Tenure / Property Information

Investment Analysis

Recent completed sales evidence on the same street supports a market-value range of £169,995 to £200,000: 36 Ryland Street sold for £169,995 in October 2025 and 34 Ryland Street sold for £200,000 in June 2024. Earlier sales range from £167,000 to £170,000. A base GDV of £180,000 is used as an estimate, but the comparables do not confirm identical size, condition, floor or parking arrangements.

Investment Snapshot

Strategy Recommendation

Proceed only after confirming the lease terms, service charge and ground rent, inspecting condition, and obtaining reliable rental and works evidence. The guide-to-comparable value gap merits investigation, but the current evidence is insufficient for a firm BTL, BRRR or flip bid.

Works Required

No specific defects or refurbishment requirements are supplied. Obtain a full inspection and contractor quotations before bidding, including checks to the flat, allocated parking space, lease, service charge position and communal areas.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the estimated £180,000 base GDV, a 75% refinance is approximately £135,000. Cash left in cannot be calculated because refurbishment costs, service charge, ground rent, seller fees and total acquisition costs are unknown. The 104-year remaining lease is relatively long on the supplied evidence, but lease costs and restrictions still require verification.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Ground rent, service charge and any seller completion fees are also unknown, so net investment costs cannot be assessed. The city-centre location, one-bedroom layout and allocated parking may support lettability, but this is not a rent valuation.

Flip Analysis

The guide price is £69,000, but a reliable flip surplus cannot be calculated because works, acquisition costs, selling costs and exact comparable specification are not supplied. The completed sales indicate substantial gross value headroom before those costs, subject to the flat matching the comparable properties and no adverse lease or condition issues.

Investor Risks & Due Diligence

• Ground rent and service charge are unconfirmed.

• Additional seller fees may be payable under the special conditions.

• No reliable rental evidence is available, preventing yield assessment.

• Property condition and refurbishment requirements are not supplied.

• Comparable sales do not confirm identical size, condition, floor or parking arrangements.

• Lease terms, restrictions and management obligations require review despite the stated 104 years remaining.

Recommendation

Proceed only after confirming the lease terms, service charge and ground rent, inspecting condition, and obtaining reliable rental and works evidence. The guide-to-comparable value gap merits investigation, but the current evidence is insufficient for a firm BTL, BRRR or flip bid.

Strategy Rating

Analysis Confidence

There is useful completed-sale evidence, including two sales at the subject address, but no specific rental evidence, refurbishment budget, service-charge or ground-rent figures, exact comparable specifications, or complete fee information.