Apartment 49 Orion Building, 90 Navigation Street, Birmingham, West Midlands, B5 4AA

Description

Auction House Birmingham are proud to present this one bedroom upper floor apartment, situated in the popular Orion Building development. The property offers convenient living, with its main attraction being the combined kitchen/diner, connecting to the balcony that overlooks Birmingham New Street Station. The property is in need of improvement, but may present itself to those seeking to live and work in the City, or for investors looking to expand their local property portfolio. Internal inspection is highly recommended.

Accommodation

Hallway: 2.01m x 2.56m; Kitchen/Diner: 5.27m x 3.83m; Bedroom: 3.16m x 3.67m; Bathroom: 2.01m x 2.40m

Location

Situated in the Orion Building development. Birmingham City Centre attractions and amenities are within walking distance, with key public transport links close by. The balcony overlooks Birmingham New Street Station.

Tenure / Property Information

Investment Analysis

Recent same-building completed sales were £105,000 on 22 December 2025 and £110,000 on 29 August 2025. Older sales range from £98,000 to £175,000, with the £175,000 result materially above the recent evidence. A cautious base GDV of £110,000 is used, with a low scenario of £105,000 and a high scenario of £142,000 based on the supplied completed sales. Individual flat condition, floor, aspect and specification are not provided, so this is an indicative estimate only.

Investment Snapshot

Strategy Recommendation

Proceed only subject to internal inspection, full legal-pack review and confirmation of leasehold costs and works. Do not set a firm bid ceiling from the supplied evidence alone.

Works Required

The apartment is described as being in need of improvement, but no specific defects or scope are supplied. Internal inspection is required before estimating works; any improvement programme should be limited to items confirmed by inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the £110,000 base GDV, 75% refinance is approximately £82,500. However, refurbishment cost, finance costs, leasehold charges, rent and other completion costs are unavailable, so cash-left-in and refinance viability cannot be calculated reliably.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. The guide price is £75,000, with stated buyer premium and admin charge totalling £3,720, while disbursements and any leasehold costs are unknown.

Flip Analysis

The supplied completed sales support an indicative base GDV of £110,000. A flip surplus cannot be calculated because the property’s improvement costs, selling costs and possible additional auction disbursements are not supplied.

Investor Risks & Due Diligence

• The property is stated to need improvement, but no inspection report or quantified works schedule is provided.

• No sufficiently specific rental evidence is available, preventing reliable yield analysis.

• Buyer premium and admin charge are known, but disbursements and other potential completion costs are not quantified.

• Same-building sales vary substantially from £98,000 to £175,000, and the subject flat’s distinguishing characteristics are not supplied.

• Leasehold service charges, ground rent, restrictions and other legal terms are not provided.

• The lease commenced on 1 January 2003 for 125 years; remaining term and any lease-related valuation implications should be verified in the legal pack.

Recommendation

Proceed only subject to internal inspection, full legal-pack review and confirmation of leasehold costs and works. Do not set a firm bid ceiling from the supplied evidence alone.

Strategy Rating

Analysis Confidence

There are several completed sales in the same building, but the subject flat’s condition, rental value, refurbishment scope, leasehold charges and full purchase costs are not evidenced.