Flat 3, 1326 Bristol Road South, Northfield, Birmingham

Description

A three bedroom ground floor flat. In need of modernisation. Vacant. EPC rating - C.

Accommodation

Ground Floor - Three bedrooms, Lounge, Shower Room, Kitchen, Store

Location

The property is situated on Bristol Road South in Northfield, a suburb of Birmingham, West Midlands. Local shops are available within Northfield town centre, along with community amenities. Recreational amenities include nearby parks and open spaces such as Cofton Park. Transport links include Northfield railway station and road access via the A38 Bristol Road South and nearby M5/M42 motorway network. Transport Longbridge - West Midlands Railway. Northfield - West Midlands Railway.

Tenure / Property Information

Investment Analysis

The evidence supports an indicative GDV range of £97,000–£115,000. The lower end is a nearby 2025 leasehold flat sale at 1320 Bristol Road South; the upper end is the same address sale at 1326 Bristol Road South in 2022. A midpoint estimate of £106,000 is used, but the comparables differ in date and available size/condition details are limited. The property is described as needing modernisation, so its achieved value may depend materially on the works required.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional refurbishment opportunity, subject to inspection, leasehold enquiries and confirmation of all auction charges. Do not rely on a BTL or BRRR strategy until rent, works and total costs are evidenced.

Works Required

Inspect and modernise the existing three-bedroom flat, including the kitchen, shower room, decoration and general finishes where required. The evidence does not provide sufficient detail to specify a reliable scope or cost.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the estimated £106,000 base GDV, a 75% refinance would be approximately £79,500. Total project cost, refurbishment cost and cash left in cannot be calculated because the works allowance and buyer/seller charges are unknown. BRRR viability therefore remains unproven.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is provided. Leasehold costs, council tax, parking and heating information are also unavailable.

Flip Analysis

The guide is £90,000 against an indicative £106,000 base GDV, giving a gross pre-works and pre-selling-cost spread of approximately £16,000. This is not a reliable flip surplus because refurbishment, auction charges, VAT, seller charges and selling costs are unavailable.

Investor Risks & Due Diligence

• The property is vacant and described as needing modernisation, but the scope and cost of works are unknown.

• No sufficiently specific rental evidence is available, so rental yield cannot be established.

• Buyer premium, VAT and possible seller charges are not quantified.

• Leasehold service charges, ground rent and other lease terms are not provided beyond the 999-year term.

• The comparable sales are limited and span different dates, with limited size and condition information.

• Council tax, parking and heating details are unavailable.

Recommendation

Proceed only as a conditional refurbishment opportunity, subject to inspection, leasehold enquiries and confirmation of all auction charges. Do not rely on a BTL or BRRR strategy until rent, works and total costs are evidenced.

Strategy Rating

Analysis Confidence

There are several relevant sold comparables and a stated guide price, but no rental evidence, refurbishment budget, property size, leasehold charges or complete auction fee information.