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Flat 30, Dillington House, Moorend Avenue, Birmingham, West Midlands
Marketed by:
Auction House North West
311 Garstang Rd, Fulwood, Preston PR2 9XJ, UK
01772 772450
Two-Bedroom Leasehold Flat in Birmingham
Flat 30, Dillington House, Moorend Avenue, Birmingham, West Midlands
Sold
£35,000+
• 2 Bedrooms
• Flat
• Leasehold
• Current Rating C; approximate floor area 63m2
Description
Fifth-Floor Flat with Two-Bedrooms. A fifth-floor apartment with two-bedrooms. The accommodation comprises, a living room, a kitchen, two-bedrooms and a bathroom. The property is close to all amenities and transport links.
Accommodation
Living room, kitchen, two bedrooms and bathroom.
Location
Close to all amenities and transport links.
Tenure / Property Information
Tenure |
Leasehold |
Lease |
125 years from 2007 |
EPC |
Current Rating C; approximate floor area 63m2 |
Council Tax |
Band A |
Services |
All services/appliances have not and will not be tested. |
Investment Analysis
The only supplied comparable is a £12,000 leasehold flat sale from 2004, which is too old and insufficient to establish current market value. No current valuation or sufficiently specific rental evidence is provided.
Investment Snapshot
Guide Price |
£35,000 (plus fees) |
Strategy Recommendation
Do not bid on current evidence. Obtain current comparables, lease/legal-pack review, condition information and rental evidence first.
Works Required
No specific defects or refurbishment requirements are evidenced. Verify condition, lease terms and any communal repair liabilities before bidding.
Rental & Market Context
|
No sufficiently specific external rental comparable identified. |
|
Sold Comparables
The following completed sales were identified within approximately 5 miles:
|
Dillington House, Moorend Avenue, Birmingham, Birmingham, Solihull, B37 5td |
£12,000 |
Potential BRRR Position
BRRR analysis cannot be established without supported GDV, rent, refurbishment costs and leasehold-cost information. The 2004 comparable is not adequate for current refinancing assumptions.
Buy-to-Let Analysis
BTL analysis cannot be established because no sufficiently specific rental evidence or passing rent is supplied. Leasehold costs and legal-pack liabilities also require verification.
Flip Analysis
A flip appraisal cannot be supported because current GDV, refurbishment costs and selling costs are unavailable. The £35,000 guide is plus fees, including a minimum £1,200 buyer premium, with possible legal-pack disbursements.
Investor Risks & Due Diligence
• Current market value cannot be established from the single 2004 comparable.
• No sufficiently specific rental evidence is available.
• Property condition and refurbishment requirements are unknown.
• Leasehold terms, service charges and repair liabilities are not supplied.
• Possible legal-pack disbursements, seller-cost reimbursements, legal fees or transfer fees may be payable.
Recommendation
Do not bid on current evidence. Obtain current comparables, lease/legal-pack review, condition information and rental evidence first.
Strategy Rating
HB Rating |
★★☆☆☆ |
Analysis Confidence
Confidence |
Low |
Only one outdated 2004 sale comparable is supplied; current value, rent, condition, refurbishment cost and leasehold liabilities are not evidenced.
Auction Details :
Auction House North West
Auction Date :
14/10/26
Lot Number :
16
Property Location:
Flat 30, Dillington House, Moorend Avenue, Birmingham, West Midlands
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