Apt 8 Hazel Place, 202A Station Road, Balsall Common, West Midlands CV7 7FD

Description

Well presented 1 bedroom first floor apartment with open plan living and ensuite to bedroom. Within a secured gated area with allocated parking. Located in the heart of Balsall Common with access to all local amenities. Leasehold with 116 years remaining. Potential to achieve a yield circa 11%. Ideal investment opportunity.

Accommodation

FIRST FLOOR: Hallway; Kitchen / lounge: 15 ft 9 in x 12 ft 4 in; Bedroom: 11 ft 9 in max x 11 ft; Plus ensuite. OUTSIDE: Allocated parking space.

Location

Located in the heart of Balsall Common with access to all local amenities. Within a secured gated area.

Tenure / Property Information

Investment Analysis

Evidence includes one £150,000 2022 sale on Station Road and several Hazel Place sales from 2017 ranging from £130,000 to £197,500. A cautious base GDV of £150,000 is used, with £140,000–£157,500 scenarios; the historic £197,500 result is treated as an outlier. No rental evidence is available.

Investment Snapshot

Strategy Recommendation

Proceed only subject to confirming achievable rent, service-charge position, legal-pack costs and lease terms. The apparent purchase discount supports investigation for a BTL/BRRR strategy, but absent rent evidence prevents firm underwriting.

Works Required

No refurbishment works are identified in the supplied description. Allowance assumes the flat is acquired in its described well-presented condition; inspection and legal-pack review remain necessary.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the upper £90,000 guide, adding the stated £2,640 buyer premium and admin charge gives a base cost of £92,640, excluding legal-pack disbursements, finance and tax. A 75% refinance of the £150,000 base GDV indicates £112,500 gross refinancing capacity and £19,860 more than this simplified cost basis, subject to lender valuation and leasehold underwriting.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rent evidence or auctioneer rent estimate is supplied. Annual service charge is £2,800 and ground rent is £140, before other ownership and finance costs.

Flip Analysis

The base GDV is £150,000 against a simplified base cost of £92,640 at the upper guide. This implies £57,360 before selling costs, finance, tax and any undisclosed costs. A formal flip surplus cannot be confirmed because no selling-cost allowance is supplied.

Investor Risks & Due Diligence

• No reliable property-specific rent evidence is supplied.

• Service charge is £1,400 every six months, plus £70 ground rent every six months.

• Legal-pack disbursements and other completion costs are unknown.

• Comparable sales are limited and predominantly historic, with a wide price range.

• Leasehold lender and resale acceptability should be confirmed despite 116 years remaining.

Recommendation

Proceed only subject to confirming achievable rent, service-charge position, legal-pack costs and lease terms. The apparent purchase discount supports investigation for a BTL/BRRR strategy, but absent rent evidence prevents firm underwriting.

Strategy Rating

Analysis Confidence

Specific tenure, lease, charges, condition description and comparable sales are supplied, but rental evidence, current valuation evidence, detailed costs and legal-pack disbursements are absent.