Flat 6 Thompson House, Ocker Hill Road, Tipton, DY4 0UR

Description

A second floor apartment, situated in a purpose built block.

Accommodation

Ground Floor: Communal Entrance. Second Floor: No. 6 - Hall, Store, Kitchen, Bedroom, Bathroom/WC. Outside: Communal Gardens and Off-Road Parking.

Location

Situated in a purpose built block in Tipton.

Tenure / Property Information

Investment Analysis

The strongest evidence is a completed sale at Thompson House for £87,500 on 24 July 2026. Other supplied sales at the building range from £56,000 in 2021 to £75,000 in 2007, but they are older and no flat numbers, sizes, specifications or condition details are provided. A base GDV of £87,500 is therefore used cautiously, subject to confirming that the latest sale is comparable to Flat 6 and reviewing the legal pack and condition.

Investment Snapshot

Strategy Recommendation

Proceed only as a conditional value-investigation opportunity. Obtain and review the legal pack, lease, service-charge information and property condition before setting a bid limit; do not rely on the £87,500 sale or pursue BTL/BRRR without supported rent evidence.

Works Required

No specific refurbishment works are evidenced. Confirm condition, EPC, lease terms, communal-area obligations and any required works from the legal pack and inspection before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, 75% of GDV is £65,625 as a purely indicative refinance calculation. However, refurbishment costs, lease details, service charges, additional purchase costs and achievable rent are unknown, so cash left in and refinance viability cannot be established. The 75% figure is not a lending offer.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The known guide price plus the £2,700 administration charge would total £48,700 before any additional legal-pack costs, tax, finance, service charges or works, but a yield cannot be calculated without supported rent and a complete cost base.

Flip Analysis

The latest same-building completed sale supports a cautious £87,500 GDV indication, but the evidence does not establish that it is directly comparable to Flat 6 or account for condition. A flip surplus cannot be calculated because works, selling costs and additional completion costs are unsupported or unknown.

Investor Risks & Due Diligence

• The latest comparable may not match Flat 6 in size, condition, floor position or specification.

• Full lease details are unavailable, including possible term, service charges, ground rent and restrictions.

• No supported rental evidence is available, preventing reliable BTL yield analysis.

• Property condition and refurbishment requirements are unknown.

• Additional costs in the Special Conditions are unknown and payable in addition to the £2,700 administration charge.

• Stamp duty and/or government taxes are excluded from the stated auction costs.

• The £65,625 refinance figure is only 75% of the estimated GDV and does not confirm lender valuation or availability.

Recommendation

Proceed only as a conditional value-investigation opportunity. Obtain and review the legal pack, lease, service-charge information and property condition before setting a bid limit; do not rely on the £87,500 sale or pursue BTL/BRRR without supported rent evidence.

Strategy Rating

Analysis Confidence

There is a recent completed sale at the same building, but no flat-specific comparison, rental evidence, condition assessment, EPC detail, lease particulars, service-charge information or full completion-cost schedule is supplied.