Flat 54 Burnham Court, Muscovy Road, Birmingham, West Midlands, B23 7YW

Description

Auction House Birmingham are proud to present for sale this two bedroom, upper floor flat. With scope for improvement, the flat offers a canvas for an owner-occupier keen to create a home to their own taste, as well as potential for an investor looking for their next project. Internal inspection is highly recommended indeed.

Accommodation

Lounge/Diner: 3.40m x 4.93m; Kitchen: 3.39m x 2.24m; Bedroom 1: 4.26m x 2.94m; Bedroom 2: 2.46m x 2.63m; Bathroom: 1.67m x 3.22m

Location

The Erdington area offers a selection of shops, places to eat and everyday amenities. Brookvale Park provides an attractive setting for a stroll and open space and water. Gravelly Hill railway station and local bus routes offer options for travelling around Birmingham, while the A38 and M6 provide connections towards the city centre and wider region.

Tenure / Property Information

Tenure	Leasehold - 999 years from 1 April 1982
Lease	Lease Start Date: 30/07/1982; Lease Duration: 999 years (955 years unexpired)
Council Tax	Band A

Investment Analysis

The five supplied same-development leasehold comparables range from £65,000 to £110,000. The most recent is £65,000 dated 8 May 2026, while another sold for £95,000 on 23 May 2025. A cautious base GDV of £80,000 is supported by the comparable range, with £65,000 low and £110,000 high scenarios. The variation indicates that condition, specification and possibly flat-specific factors materially affect value.

Investment Snapshot

Guide Price	£59,000
HB Estimated GDV	£80,000
Estimated Monthly Rent	£900 pcm
Estimated Annual Rent	£10,800 pa
Gross Yield on Guide	18.3%

Strategy Recommendation

Proceed only after internal inspection and legal-pack review. The asking-rent evidence suggests potential BTL income, but the unknown works, leasehold costs and rent-achievement risk make the opportunity conditional rather than investment-ready. Owner-occupation may be more appropriate if the required improvements are acceptable.

Works Required

Internal inspection is required. The description supports general improvement to the flat to suit an owner-occupier or investor, but no specific defects, finishes or work quantities are provided, so no refurbishment allowance can be reliably estimated.

Rental & Market Context

HB Estimated Market Rent

£900 pcm

Houses to rent in B23 | OnTheMarket — 2 bed — — Advertised asking rent

£900 pcm

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Burnham Court, Muscovy Road, Birmingham, Birmingham, B23 7yw 2026-05-08 · Flat/Maisonette · Leasehold	£65,000
Burnham Court, Muscovy Road, Birmingham, Birmingham, B23 7yw 2025-05-23 · Flat/Maisonette · Leasehold	£95,000
Burnham Court, Muscovy Road, Birmingham, Birmingham, B23 7yw 2024-07-23 · Flat/Maisonette · Leasehold	£110,000
Burnham Court, Muscovy Road, Birmingham, Birmingham, B23 7yw 2022-12-22 · Flat/Maisonette · Leasehold	£80,000
Burnham Court, Muscovy Road, Birmingham, Birmingham, B23 7yw 2022-02-02 · Flat/Maisonette · Leasehold	£105,000

Potential BRRR Position

Base GDV	£80,000
75% Refinance	£60,000

At the £80,000 base GDV, 75% refinancing would indicate £60,000 gross borrowing before lender criteria and costs. The guide, buyer premium and admin charge total £62,540 before works or other disbursements, already exceeding the indicative refinance amount by £2,540. BRRR viability is therefore unproven and would worsen if improvement costs or leasehold charges are material.

Buy-to-Let Analysis

The only rental evidence is an advertised asking rent of £900 pcm, equivalent to £10,800 annually. Against the £59,000 guide this indicates a gross yield of approximately 18.31%, before refurbishment, service charges, ground rent, management, voids, finance, tax and legal costs. The yield on total cost cannot be established because refurbishment and any leasehold charges are not supplied. The rent is an asking figure, not achieved rent.

Flip Analysis

A base resale value of £80,000 is supported by the supplied same-development evidence, but no refurbishment budget, selling allowance or transaction-cost estimate is available. A reliable flip surplus cannot therefore be calculated. The £65,000 recent comparable also demonstrates downside risk relative to the base scenario.

Investor Risks & Due Diligence

• The flat has not been internally inspected and the scope and cost of improvement are unknown.

• The supplied £900 pcm figure is an advertised asking rent rather than an achieved or passing rent.

• Service charge, ground rent and other leasehold costs are not provided.

• Additional legal-pack disbursements may become payable, including possible search, seller-cost, legal or transfer charges.

• Same-development comparable prices vary substantially from £65,000 to £110,000.

• EPC, heating and parking information are not supplied.

• The lease is leasehold despite its stated 955 years unexpired; the full lease terms and restrictions require review.

Recommendation

Proceed only after internal inspection and legal-pack review. The asking-rent evidence suggests potential BTL income, but the unknown works, leasehold costs and rent-achievement risk make the opportunity conditional rather than investment-ready. Owner-occupation may be more appropriate if the required improvements are acceptable.

Strategy Rating

HB Rating

★★★☆☆

Analysis Confidence

Confidence

Medium

There are several same-development sold comparables and one rental asking figure, but the property condition, refurbishment cost, EPC, service charge, ground rent, legal disbursements and achieved rent are not supplied.