Flat 5 Talbot House, 17 Church Road, Erdington, Birmingham, B24 9AY

Description

A vacant leasehold flat. A two bedroom second floor flat, situated in a purpose built block.

Accommodation

Ground Floor: Communal Entrance. Second Floor: Flat 5 - Hall, Reception Room, Kitchen, Two Bedrooms, Bathroom/WC. Outside: Communal Grounds and Off-Road Parking.

Location

Erdington, Birmingham.

Tenure / Property Information

Investment Analysis

Five supplied leasehold flat sales on Church Road, Erdington range from £50,000 to £92,595. The evidence is not sufficiently specific on floor, size, condition, lease terms or transaction comparability to support a formal valuation. A provisional base GDV estimate of £70,000 is used, with a low-to-high evidence range of £50,000 to £92,595. The £2,700 buyer administration charge is known; additional special-condition costs, taxes and lease-related costs are not supplied.

Investment Snapshot

Strategy Recommendation

Do not commit beyond a tightly controlled acquisition level until the legal pack, lease, service-charge position, condition and any special-condition costs are verified. The opportunity is currently unsuitable for a reliable BTL, BRRR or flip underwriting decision.

Works Required

No specific defects or required works are evidenced. Obtain and review the legal pack, inspect the flat, and establish any repairs, service-charge liabilities, major works, lease requirements and compliance issues before budgeting refurbishment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the provisional £70,000 base GDV, 75% refinance is approximately £52,500. The guide plus known administration charge is £12,700 before works, taxes, legal-pack costs and other special-condition costs, but total project cost cannot be calculated because refurbishment and lease-related costs are unknown. Refinance feasibility therefore remains unconfirmed.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. The vacant status provides no passing-income evidence. Service charge, ground rent, lease length and other ownership costs are also unknown.

Flip Analysis

The supplied sales provide a broad £50,000–£92,595 market evidence range and a provisional £70,000 base GDV. A flip surplus cannot be calculated because condition, refurbishment costs, acquisition costs beyond the £2,700 administration fee, selling costs and special-condition costs are not supplied.

Investor Risks & Due Diligence

• Lease length and full lease terms are unavailable until review of the legal pack.

• Flat condition and any refurbishment requirement are unknown.

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

• Additional special-condition costs, taxes and government charges are unknown.

• Service charges, ground rent and potential major works liabilities are not supplied.

• The sold comparables show a wide £50,000 to £92,595 range and may not be directly comparable in size, condition or specification.

Recommendation

Do not commit beyond a tightly controlled acquisition level until the legal pack, lease, service-charge position, condition and any special-condition costs are verified. The opportunity is currently unsuitable for a reliable BTL, BRRR or flip underwriting decision.

Strategy Rating

Analysis Confidence

There are five nearby sold leasehold flat comparables, but no specific rental evidence, refurbishment scope, lease details, EPC information, service-charge data or complete acquisition-cost schedule.