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Apartment · 2 bed
Supports major UK property portals
Suggested Offer Range
Already 48% below the comparable sales mean — limited negotiation margin. Strong value at current asking price. Note: listed as "Offers Over" — vendor expects full asking price or above.
🔨 Refurb Cost Estimate
AI condition score: 8/10 · West Midlands rates
| Room | Estimated Refurb Cost |
|---|---|
| Kitchen | £750 |
| Bathroom | £550 |
| Living Room | £300 |
| Master Bedroom | £350 |
| Bedroom 2 | £350 |
| Entrance Hall | £50 |
| Total Estimated Refurb | £1,900 |
⚠ Indicative estimates only. Based on photo condition score and regional benchmarks for a typical 2–3 bed property. Always obtain contractor quotes before committing to a refurb budget. Photo AI may over-flag minor cosmetic issues.
🔧 Local Trades
| Trade | Name | Phone | |
|---|---|---|---|
| builder | Local, trusted builders in Birmingham T.A Smith Builders Ltd | 0121 475 4151 | — |
| decorator | Painting and Decorating Birmingham | Decorating Contractors ... | 0121 706 3125 | — |
| photographer | Birmingham photographer | 01839066789 | — |
Property Details
- Asking Price
- £160,000
- Property Type
- Apartment
- Bedrooms
- 2
- Bathrooms
- N/A
- Floor Area
- 500–600 sqft
- Article 4 Area
- ⚠️ Yes — SA/HMO may need planning consent
This listing is priced below the postcode sector benchmark.
Comparable Sales in this postcode sector
🔍 Filtered to 2-bedroom comparable sales only.
| Address | Type | Beds | Price | £/sqft | Date | Distance |
|---|---|---|---|---|---|---|
| Sector sale 1 | Flat | 2 | — | — | — | — |
| Sector sale 2 | Flat | 2 | — | — | — | — |
| Sector sale 3 | Flat | 2 | — | — | — | — |
| Sector sale 4 | Flat | 2 | — | — | — | — |
| Sector sale 5 | Flat | 2 | — | — | — | — |
| Sector sale 6 | Flat | 2 | — | — | — | — |
| Sector sale 7 | Flat | 2 | — | — | — | — |
| Sector sale 8 | Flat | 2 | — | — | — | — |
| Sector sale 9 | Flat | 2 | — | — | — | — |
■ Above subject ■ Below subject
Based on 9 comparable sales — Full Range (grey) · Typical IQR (blue) · Fair Value CI (light blue) · | Median · | Mean · Asking (▲)
ⓘ Bedroom counts are not available from Land Registry records. Comparables are matched by postcode sector and property type only.
Location
Motivated Seller Analysis
Watch — 4/10Behavioural signals: 111 days on marketBelow market value
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £499 |
| ICR (actual) | 1.99x |
| Feasibility | MARGINAL |
| Notes: Rental coverage 142% — below standard 145% threshold, may need larger deposit | |
| 💲 Total Cash Required | |
| Purchase Price | £160,000 |
| Deposit (25% — 75% LTV) | £40,000 |
| SDLT (additional property, 5% surcharge) | £8,700 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £51,699 |
Legal and survey fees are estimates. SDLT applies 5% additional-property surcharge (Oct 2024 Budget). Not financial advice.
🔄 BRR Refinance Stress Test
Tests lender affordability (rent vs. mortgage interest) — a different calculation from the BRRR Strategy card above, which tests capital recycled via refinance.
| Purchase price | £160,000 | Loan (75% LTV) | £120,000 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £550 |
| Rent needed (1.5×) | £825/mo | Estimated rent | £992/mo |
| Stress ratio | 1.8× (need ≥ 1.5×) +£167 surplus | ||
Assumptions: 75% LTV · 5.5% interest only · 1.5× rent coverage (standard lender requirement). Actual lender criteria vary — verify with your broker.
Exit Strategy
Capital appreciation projections at 2.5% pa (a flat UK-wide assumption — not adjusted for this property's specific location). Assumes 75% LTV interest-only mortgage redeemed on sale. Excludes rental income.
How is this calculated?
This is a simplified projection based on comparable sales data and an estimated refurb cost. It does not currently account for seller motivation signals, nearby planning applications, or the area's wider demographic profile — see the relevant sections elsewhere in this report for those. Not financial advice.
| Est. reno cost | Unknown — score listing |
| GDV (comp median) | £350,000 |
| 75% remortgage | £262,500 |
| Cash left in deal | £0 (100% recycled) |
| Est. BTL cashflow | £-449/mo |
| Gross margin | +£190,000 |
| Reno cost (est.) | –£1,900 |
| Buy + sell costs | –£17,550 |
| Net profit | +£170,550 (407.0% ROI) |
| SA gross/mo | £1,080 |
| SA net/mo | £800 |
| BTL est./mo | £992 |
| SA vs BTL uplift | +£88/mo |
| ⚠ Article 4 area — SA/HMO may require planning consent | |
| Hold Period | Est. Sale Price | Capital Gain | Net Proceeds | Total Return |
|---|---|---|---|---|
| 3 years | £172,302 | +£12,302 | £45,985 | +£5,985 (3.7%) |
| 5 years | £181,025 | +£21,025 | £52,484 | +£12,484 (7.8%) |
| 7 years | £190,190 | +£30,190 | £59,311 | +£19,311 (12.1%) |
Projections: 2.5% pa UK-wide HPI assumption (not location-adjusted), 75% LTV IO mortgage redeemed at sale, 1.5% EA, £1,500 legal, 24% CGT above £3k allowance. Not financial advice.
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📈 Rental Yield & ROI Forecast
Compound-growth projection: 2.5% annual rent growth + 3% capital growth. IO mortgage throughout. For illustration only.
| Year | Est. Rent/yr | Est. Value | Net Income/yr | Cum. Cashflow | Total Return | ROI on Cash Invested |
|---|---|---|---|---|---|---|
| Yr 1 | £11,904 | £164,800 | £8,126 | £2,126 | £6,926 | 13.1% |
| Yr 3 | £12,507 | £174,836 | £8,560 | £7,026 | £21,862 | 41.4% |
| Yr 5 | £13,140 | £185,484 | £9,016 | £12,826 | £38,310 | 72.6% |
| Yr 10 | £14,866 | £215,027 | £10,259 | £31,573 | £86,599 | 164.0% |
| Yr 15 | £16,820 | £249,275 | £11,665 | £57,017 | £146,292 | 277.1% |
| Yr 20 | £19,030 | £288,978 | £13,257 | £90,040 | £219,018 | 414.8% |
| Yr 25 | £21,531 | £335,004 | £15,057 | £131,637 | £306,642 | 580.8% |
| Yr 30 | £24,360 | £388,362 | £17,095 | £182,935 | £411,297 | 779.0% |
ROI on Total Cash Invested (deposit + SDLT + acquisition costs). Assumes IO mortgage, no tax, no refinancing. Actual returns will vary.
Planning Applications Nearby (within 0.5 miles)
5 planning applications found within 0.5 miles — 🔒 sign in for references, descriptions and status
View all planning applications on your dashboard →
● Approved ● Pending ● Refused
🌎 Area Profile — West Midlands ⓘ What are deciles?
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £843 | 6.3% | 3.8% | £-139 | -8.7% |
| Conservative | £923 | 6.9% | 4.6% | £59 | 1.9% |
| Base | £992 | 7.4% | 5.1% | £177 | 6.5% |
| Optimistic | £1,071 | 8.0% | 5.7% | £306 | 11.6% |
| Bull | £1,171 | 8.8% | 6.4% | £453 | 18.2% |
⚠ Condition Flags
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●7.44% |
| Net Yield | ●5.08% |
| Net Annual Income | £8,126 |
| Deductions: void 8% (−£952) · mgmt 10% (−£1,190) · maint 10% (−£1,190) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £499 |
| Monthly Cashflow (IO) | ●£178 |
| Cash-on-Cash Return | ●4.03% |
| 5-Year IRR | ●6.5% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £8,700 |
| SDLT Effective Rate | 5.44% |
| SDLT (Company) | £8,700 |
| Section 24 Extra Tax/yr (higher rate) | £1,200 |
| SPV Annual Saving | £2,077 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £185,484 |
| Less: Purchase Price | −£160,000 |
| Less: Buying Costs (SDLT + legal) | −£11,300 |
| Less: Selling Costs (est. 2.5%) | −£4,637 |
| = CGT Net Gain (5yr) | £9,547 |
| CGT at 24% | £1,571 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £843 | 6.3% | 3.8% | £-139 | -8.7% |
| Conservative | £923 | 6.9% | 4.6% | £59 | 1.9% |
| Base | £992 | 7.4% | 5.1% | £177 | 6.5% |
| Optimistic | £1,071 | 8.0% | 5.7% | £306 | 11.6% |
| Bull | £1,171 | 8.8% | 6.4% | £453 | 18.2% |