Former Children's Home, 63 Clissold Street, Hockley, Birmingham, B18 7HQ

Description

A vacant detached freehold former children's home, occupying a site area of approximately 1854 sqm / 0.458 acres, which may be suitable for a variety of uses, subject to obtaining the necessary planning consents. The property is in need of renovation works throughout.

Accommodation

Ground Floor: Communal Hall, Four Communal Reception Rooms, Kitchens (no fittings), Nine Rooms/Offices, Bathroom/WC's (no fittings), Stores. First Floor: Landing, Fifteen Bedrooms, Stores, Bathroom/WC's (no fittings). Outside: Garage/Bin store, Driveway and Gardens.

Location

Clissold Street is situated in Hockley, an established and increasingly popular area immediately to the north-west of Birmingham city centre. The property is well placed for the Jewellery Quarter, with its wide range of independent bars, restaurants, cafés and businesses, together with excellent public transport connections via Jewellery Quarter railway and tram station. Birmingham city centre is within easy reach, providing access to an extensive range of shopping, leisure and employment facilities, including the Bullring, Grand Central, Brindleyplace and The Mailbox. The area also benefits from convenient access to the A41 and A38, providing links to the wider road network and the M5 and M6 motorway networks.

Tenure / Property Information

Investment Analysis

The only supplied price evidence is a £250,000+ auction guide. No completed sales, GDV evidence, rental comparables or auctioneer rent estimate are provided, so market value, resale value and investment yield cannot be reliably established. The property is vacant, requires renovation throughout, and any alternative use is subject to obtaining the necessary planning consents. Known additional charges include a £3,500 admin charge plus VAT and the Council’s £2,900 professional fees; buyer premium is unspecified.

Investment Snapshot

Strategy Recommendation

Do not proceed on the supplied evidence alone. Obtain planning advice, a detailed building survey and contractor quotations, plus local sales and rental evidence, before setting a bid or selecting a refurbishment, letting or resale strategy.

Works Required

Renovation throughout, including reinstatement of kitchen fittings and bathroom/WC fittings where required. The evidence does not provide sufficient detail to specify further works or quantify the budget.

Rental & Market Context

Potential BRRR Position

BRRR calculations cannot be supported because the refurbishment cost, post-works GDV, achievable rent and finance assumptions are unavailable. The known admin charge and Council professional fees should be included in any future appraisal, alongside the unspecified buyer premium and VAT where applicable.

Buy-to-Let Analysis

A BTL assessment cannot be completed because no sufficiently specific rental comparables or auctioneer rent estimate are supplied. The 15-bedroom former children’s home format may require careful consideration of the intended lawful use and any required planning consents, but no conclusion is possible from the evidence.

Flip Analysis

A flip appraisal cannot be completed because there are no completed sales, supported GDV, quantified works allowance or selling-cost allowance. The property is vacant and requires renovation throughout, creating material scope and valuation uncertainty.

Investor Risks & Due Diligence

• Renovation is required throughout, but no condition survey or works cost is supplied.

• Kitchens and bathroom/WC fittings are stated to be absent.

• Alternative uses are subject to obtaining the necessary planning consents.

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

• No completed sales or other GDV evidence is supplied.

• Buyer premium is unspecified, and the admin charge is stated as £3,500 plus VAT.

• The property is a former children's home with a specialised layout, so future use and demand require confirmation.

Recommendation

Do not proceed on the supplied evidence alone. Obtain planning advice, a detailed building survey and contractor quotations, plus local sales and rental evidence, before setting a bid or selecting a refurbishment, letting or resale strategy.

Strategy Rating

Analysis Confidence

The guide price, property description, tenure, vacancy, site area and stated charges are provided, but there are no comparable sales, rental evidence, quantified works, GDV or buyer premium.