Land to the rear of, 113 Midland Road, Bournville, Birmingham, B30 2EN

Description

A Freehold, broadly rectangular shaped, parcel of land situated to the rear of 113 Midland Road.

Accommodation

Small, broadly rectangular shaped parcel of land.

Location

Situated to the rear of 113 Midland Road in Cotteridge, Bournville, Birmingham.

Tenure / Property Information

Investment Analysis

The property is a small freehold parcel of land behind 113 Midland Road. The supplied sold comparables are terraced houses on the same road, with prices from £261,710 to £332,000, but they do not establish the value of this land. No site area, planning consent, development potential, valuation evidence or directly comparable land sales are supplied. The £1 guide is not evidence of market value. The fixed buyer administration charge is £2,700 including VAT, with further possible special-condition costs unspecified.

Investment Snapshot

Strategy Recommendation

Do not bid on current evidence. Obtain and review the legal pack, title, site dimensions, access rights, planning history, permitted use, services and any development appraisal before considering a land or development strategy.

Works Required

No refurbishment or development works can be reliably specified from the evidence. Site dimensions, planning status, permitted use, services and development feasibility require verification before any works budget or residual valuation can be prepared.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR analysis is not supportable because no completed property, planning consent, development scheme, GDV, works cost or achievable rent is evidenced. Refinancing assumptions would be speculative.

Buy-to-Let Analysis

BTL analysis is not supportable. The subject is land rather than an evidenced completed rental dwelling, and the £640 pcm advertised rent is not identified as relating to this property. No passing rent or completed development accommodation is supplied.

Flip Analysis

A flip surplus cannot be calculated. The residential sold comparables provide context for the surrounding road but are not directly comparable to the subject land, and no planning-led end value, site area, development costs or selling allowance is supplied.

Investor Risks & Due Diligence

• No site dimensions or area are supplied.

• No planning consent, planning history or development potential is evidenced.

• Only certain pedestrian access rights are mentioned; the full access and title position requires legal review.

• Additional costs under the Special Conditions are unknown.

• The supplied house sales are not directly comparable to the land.

• The advertised £640 pcm rent is not identified as rent for this property.

• The £2,700 administration charge is payable at the fall of the gavel or end of the online auction.

Recommendation

Do not bid on current evidence. Obtain and review the legal pack, title, site dimensions, access rights, planning history, permitted use, services and any development appraisal before considering a land or development strategy.

Strategy Rating

Analysis Confidence

The evidence confirms freehold land and an administration charge, but omits site area, planning position, development potential, directly comparable land sales, costs, end value and applicable rent.