The Cottage, 59 College Road, Handsworth, Birmingham

Description

A vacant freehold detached bungalow, situated on a large plot, which may be suitable for redevelopment. The property is in need of renovation.

Accommodation

Ground Floor: Hall, Reception Room, Kitchen (no fittings), Bedroom. Outside: Gardens.

Location

Situated in Handsworth, Birmingham, on a large plot and standing flush to the pavement.

Tenure / Property Information

Investment Analysis

The only recent completed-sale evidence is the same property at £91,000 on 20 November 2025. This supports a base GDV/market-value indication of £91,000, but the evidence does not confirm the condition or specification at that sale. The £65,000 guide is not a formal valuation. The large plot may offer redevelopment potential, but no planning evidence or development valuation is supplied.

Investment Snapshot

Strategy Recommendation

Potential BTL or light-to-moderate refurbishment hold, but only after inspecting the property, obtaining a detailed works budget and reviewing the legal pack. Do not rely on the redevelopment potential without planning evidence.

Works Required

Renovation is required, including fitting out the kitchen where no fittings are present. The full scope and cost of works cannot be established from the supplied evidence; EPC G indicates poor energy performance but no specific remedial specification is provided.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £91,000 base GDV would be £68,250. However, total acquisition and refurbishment cost cannot be calculated because the renovation allowance is unknown, so cash left in and refinance viability cannot be reliably assessed.

Buy-to-Let Analysis

The advertised asking rent of £550 pcm produces £6,600 annual gross rent and a 10.15% gross yield against the £65,000 guide, before the £2,700 administration charge, renovation, finance, tax, insurance and other costs. A reliable yield on total project cost cannot be established because the refurbishment cost is unknown. BTL may be viable at the guide, subject to confirming condition, achievable rent and total works cost.

Flip Analysis

The recent same-property sale supports a £91,000 base GDV indication, but no refurbishment budget, resale costs or selling allowance is supplied. A dependable flip surplus and maximum bid therefore cannot be calculated. The evidence does not establish that redevelopment is permitted or financially viable.

Investor Risks & Due Diligence

• The property is stated to need renovation, but the scope and cost are unknown.

• The kitchen has no fittings and the EPC is rated G.

• The large-plot redevelopment potential is only described as possible; no planning or feasibility evidence is supplied.

• Additional special-condition costs may apply and are not disclosed in the supplied evidence.

• The £550 pcm figure is an advertised asking rent, not an achieved passing rent.

• The same-property £91,000 sale may not reflect the current condition or required works.

Recommendation

Potential BTL or light-to-moderate refurbishment hold, but only after inspecting the property, obtaining a detailed works budget and reviewing the legal pack. Do not rely on the redevelopment potential without planning evidence.

Strategy Rating

Analysis Confidence

There is useful same-property completed-sale evidence and one advertised rent, but refurbishment costs, condition detail, planning evidence, resale costs and special-condition costs are unavailable.