Flat 3 Clarence Court, 272 Clarence Road, Sutton Coldfield, B74 4LP

Description

A self-contained ground floor flat requiring modernisation in a purpose-built block.

Accommodation

Entrance Hall; Living Room; Kitchen; Bedroom (One); Bedroom (Two); Shower Room/WC.

Location

Situated on Clarence Road, close to local shopping/travelling facilities including Blake Street and Butlers Lane Train Stations. Sutton Park is also nearby.

Tenure / Property Information

Investment Analysis

Five completed sales within Clarence Court range from £72,500 to £133,000. The latest recorded sale was £72,500 on 10 July 2026, while the older evidence is higher. Because the comparable particulars and condition are not supplied, a simple evidence-based scenario range is used: £72,500 low, £106,900 base (average of the five sales), and £133,000 high. These are indicative only and do not adjust reliably for the flat's stated need for modernisation.

Investment Snapshot

Strategy Recommendation

Treat as a conditional value-add opportunity only. Obtain the legal pack, leasehold cost information and a detailed inspection/contractor quotation before bidding; without rent and works evidence, do not underwrite it as BTL, BRRR or a flip on the guide price alone.

Works Required

Modernisation of the self-contained ground floor flat, including review and updating of the kitchen, shower room/WC, decoration, flooring and other finishes as identified by inspection. No quantified scope or condition schedule is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A theoretical 75% refinance of the base evidence scenario is £80,175. However, total project cost cannot be calculated because refurbishment and leasehold costs are unquantified, so cash left in and refinance equity cannot be reliably assessed. The recent £72,500 same-block sale also makes the upper GDV scenarios uncertain.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is provided. Modernisation costs, service charge, ground rent and other leasehold costs are also unknown. The £1,500 buyer premium is payable in addition to the purchase price.

Flip Analysis

A flip appraisal cannot be reliably completed. Same-block sales provide an indicative £72,500–£133,000 evidence range, but there is no comparable condition data, quantified refurbishment allowance, selling-cost allowance or confirmed resale specification. Estimated flip surplus is therefore unsupported.

Investor Risks & Due Diligence

• The flat is stated to require modernisation, but the extent and cost of works are unknown.

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

• Service charge, ground rent and other leasehold liabilities are not supplied.

• EPC, parking and heating information are marked TBC or blank.

• The seller may charge additional completion fees under the special conditions, but the amount is not supplied.

• The latest same-block completed sale was £72,500, materially below the older comparable sales and creating uncertainty around achievable value.

Recommendation

Treat as a conditional value-add opportunity only. Obtain the legal pack, leasehold cost information and a detailed inspection/contractor quotation before bidding; without rent and works evidence, do not underwrite it as BTL, BRRR or a flip on the guide price alone.

Strategy Rating

Analysis Confidence

There are five same-block completed sales and clear tenure/occupancy information, but comparable condition, rental evidence, refurbishment costs, leasehold charges, EPC, parking and heating details are missing.