Flat A and B, 25 Stafford Road, Handsworth, Birmingham, West Midlands

Description

Two self contained flats - residential for improvement. This Victorian mid terraced property, set over 3 floors, is currently set out as 2 self contained flats. Both offer gas fired central heating (not tested) and double glazing but are in need of general improvement and modernisation. The property has potential to be converted back to a single dwelling or used as a Buy to Let property.

Accommodation

Flat A: Access from the front. Ground Floor: Entrance Hall with stairs off; Living Room 3.7m x 3.2m; Kitchen 4m x 3.2m (max) with range of units and access to rear; W.C. First Floor: Landing; Bedroom 1 3.7m x 3.1m; Bathroom with white suite. Second Floor: Bedroom 2 6m x 2.8m; Bedroom 3 3.7m x 1.9m. Flat B: Accessed from the rear. Ground Floor: Hallway with stairs off; Living Room 5.8m x 2.5m; Kitchen 2.8m x 2.5m with range of units and door to garden. First Floor: Bedroom 1 3.9m x 3.1m; Bedroom 2 4m x 2.5m; Bathroom with white suite. Outside: Fore and enclosed private rear gardens.

Location

Situated in the popular Handsworth area of Birmingham, conveniently located close to all amenities and public transport services.

Tenure / Property Information

Tenure	Freehold
EPC	Current Rating D
Heating	Gas fired central heating (not tested)
Services	Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Investment Analysis

The supplied evidence does not support a reliable current GDV. The only potentially relevant comparable is 15A Stafford Road at £185,000, completed in September 2018; its age, size, condition and configuration are not sufficiently comparable to establish present value. The £41,000 sale from 1999 is too historic to use as a current valuation indicator. No rental evidence or auctioneer rent estimate is provided.

Investment Snapshot

Guide Price

£155,000 - £175,000 (plus fees)

Strategy Recommendation

Do not bid on investment assumptions without reviewing the legal pack, confirming the status and viability of both flats, and obtaining current valuation, rental and refurbishment evidence.

Works Required

General improvement and modernisation of the two flats, as described by the auctioneer. Gas-fired central heating is not tested. Any conversion back to a single dwelling would require separate assessment and confirmation of feasibility, costs and permissions.

Rental & Market Context

No sufficiently specific external rental comparable identified.

Sold Comparables

The following completed sales were identified within approximately 5 miles:

15a, Stafford Road, Birmingham, Birmingham, B21 9dt 2018-09-27 · Terraced · Freehold	£185,000
9, Stafford Road, Birmingham, Birmingham, B21 9dt 1999-01-15 · Terraced · Freehold	£41,000

Potential BRRR Position

A BRRR assessment cannot be completed because current GDV, refurbishment cost, rent and refinance value are unsupported. The two-flat configuration and untested heating also require due diligence before relying on a refinance strategy.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The property is currently arranged as two self-contained flats, but the evidence does not confirm their legal, licensing or letting status.

Flip Analysis

A flip assessment cannot be completed reliably. The 2018 £185,000 Stafford Road sale is insufficiently current and lacks comparable condition and configuration detail. No supported refurbishment allowance or selling-cost allowance is available.

Investor Risks & Due Diligence

• General improvement and modernisation are required, but no quantified works scope or cost is supplied.

• Gas-fired central heating is not tested.

• The legal and planning status of the two self-contained flats is not confirmed.

• No sufficiently specific rental evidence or auctioneer rent estimate is provided.

• Special-condition disbursements and other completion costs may be payable under the legal pack.

• Historic sold comparables are insufficient to establish current market value.

Recommendation

Do not bid on investment assumptions without reviewing the legal pack, confirming the status and viability of both flats, and obtaining current valuation, rental and refurbishment evidence.

Strategy Rating

HB Rating

★★☆☆☆

Analysis Confidence

Confidence

Low

Evidence includes a guide price, description, tenure and two historic sales, but lacks current comparable evidence, rental evidence, refurbishment costs, legal-pack details and confirmation of the two-flat arrangement.