Flat 30 Dillington House, Moorend Avenue, Birmingham, West Midlands, B37 5TD

Description

Two bedroom apartment in Chelmsley Wood, Birmingham, offered via online auction. The property comprises an entrance hallway leading to a lounge, kitchen, two bedrooms including one with an ensuite and walk-in wardrobe, a bathroom and storage cupboard. The property is sold with vacant possession and is close to amenities and transport links.

Accommodation

Entrance hallway, lounge, kitchen, two bedrooms including one with an ensuite and walk-in wardrobe, bathroom and storage cupboard.

Location

Chelmsley Wood, Birmingham; close to a range of amenities and transport links.

Tenure / Property Information

Investment Analysis

The £25,000–£45,000 guide is the only current pricing evidence. The sole supplied comparable is a £12,000 leasehold flat sale from 18 October 2004 and is not sufficient to establish current market value. No current GDV, rental evidence, lease term, service-charge information or condition assessment is supplied. The known £3,600 administration charge would make an acquisition at the guide endpoints £28,600–£48,600 before any other costs, but no single purchase price is selected.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, confirm the remaining lease term and lease costs, inspect condition, and establish current comparable value and rent before considering owner-occupier, BTL or resale use.

Works Required

No specific refurbishment works are evidenced. Confirm condition, leasehold obligations and any required compliance or remedial works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be supported without a current GDV, achievable rent, refurbishment budget, lease term and service-charge information. The £3,600 known administration charge and unspecified additional fees should be included in any verified appraisal.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The flat is vacant, but rent, service charges, lease term and other ownership costs remain unverified.

Flip Analysis

A flip appraisal cannot be established because there is no current GDV, supported works budget or selling-cost allowance. The 2004 £12,000 comparable is insufficient for a current resale analysis.

Investor Risks & Due Diligence

• Lease term is not stated.

• The non-refundable £3,600 administration charge is payable on exchange.

• Additional buyer, search, legal, transfer and other disbursement fees may apply, but amounts are not supplied.

• No sufficiently specific rental evidence or passing rent is available.

• No current market-value comparable or formal valuation is supplied.

• Property condition and any refurbishment requirement are not evidenced.

• Vacant possession is stated, but ongoing ownership costs and leasehold obligations are unverified.

Recommendation

Do not bid on the supplied evidence alone. Obtain the legal pack, confirm the remaining lease term and lease costs, inspect condition, and establish current comparable value and rent before considering owner-occupier, BTL or resale use.

Strategy Rating

Analysis Confidence

Only a guide range, property description, one historic comparable and a known administration charge are supplied; current value, rent, lease term, service charges, condition and total fees are unavailable.