Flat 1, Trinity View House, High Street, Sutton Coldfield, West Midlands

Description

Ground floor flat with two bedrooms, one with ensuite shower room, reception room/kitchen and bathroom. GIA approximately 60 sq m (646 sq ft), sourced from the EPC.

Accommodation

Ground floor; two bedrooms, one with ensuite shower room; reception room/kitchen; bathroom; GIA approximately 60 sq m (646 sq ft).

Location

Situated on the south side of Midland Drive. Sutton Coldfield Station is approximately a five-minute walk away, 0.2 miles to the west. The A38 and M6 motorway are within reach. Shops and amenities in Sutton Coldfield town centre are 0.3 miles to the south east. Rectory Park is within easy reach.

Tenure / Property Information

Investment Analysis

Four completed leasehold flat sales at Trinity View House range from £153,100 to £194,000 between January 2023 and December 2025. Their arithmetic mean is £169,275, used as the base GDV. The evidence does not provide comparable floor, size, condition or specification details, so the range is indicative rather than a formal valuation.

Investment Snapshot

Strategy Recommendation

Potential BTL at or near the guide based on the advertised rent, subject to confirming the achieved rent, lease terms, service charge, condition and all auction charges. Do not bid to a maximum without those costs.

Works Required

No specific refurbishment defects or works are evidenced. Obtain a survey and confirm the flat’s condition before budgeting; no works allowance has been assumed.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the comparable-sales mean of £169,275 as base GDV, a 75% refinance would be approximately £126,956. The cash position cannot be calculated because refurbishment costs, acquisition charges and the final purchase price are unknown. The guide is below the comparable evidence, but the valuation range and refinance assumptions require lender and lease due diligence.

Buy-to-Let Analysis

The sole rental evidence is an advertised asking rent of £1,150 pcm, equivalent to £13,800 annually. Against the £120,000 guide, this indicates an 11.5% gross yield before service charge, finance, insurance, voids, maintenance, tax and acquisition costs. A yield on total cost cannot be established because buyer/admin charges, service charge, condition and final purchase price are unknown. Asking rent is not achieved rent.

Flip Analysis

The comparable evidence supports an indicative GDV range of £153,100 to £194,000, with a £169,275 mean. A flip surplus cannot be calculated because works, buyer costs, selling costs and the eventual purchase price are unsupported. No specific refurbishment requirement is evidenced.

Investor Risks & Due Diligence

• Buyer premium, admin charges and other seller or third-party fees are unspecified.

• Service charge and other leasehold costs are not provided and could materially reduce the rental return.

• The £1,150 pcm figure is an advertised asking rent, not achieved passing rent.

• Comparable sales lack detailed specification, size, floor and condition information.

• The property’s condition is not evidenced, so refurbishment costs cannot be estimated.

• Final purchase price may exceed the £120,000 guide.

• Council tax, parking and heating details are not supplied.

Recommendation

Potential BTL at or near the guide based on the advertised rent, subject to confirming the achieved rent, lease terms, service charge, condition and all auction charges. Do not bid to a maximum without those costs.

Strategy Rating

Analysis Confidence

There are four same-building completed sales and one rental listing, but comparable specifications, service charge, condition, buyer/admin fees, council tax, parking, heating and final auction price are not supplied.