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Flat · 2 bed
Supports major UK property portals
Suggested Offer Range
Already 20% below the comparable sales mean — limited negotiation margin. Strong value at current asking price.
🔨 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
- £242,995
- Property Type
- Flat
- Bedrooms
- 2
- Bathrooms
- N/A
- Floor Area
- 700–800 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 1-3-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 | 3 | — | — | — | — |
| Sector sale 6 | Flat | 2 | — | — | — | — |
| Sector sale 7 | Flat | 2 | — | — | — | — |
| Sector sale 8 | Flat | 2 | — | — | — | — |
| Sector sale 9 | Flat | 2 | — | — | — | — |
| Sector sale 10 | Flat | 2 | — | — | — | — |
■ Above subject ■ Below subject
Based on 10 comparable sales — Full Range (grey) · Typical IQR (blue) · Fair Value CI (light blue) · | Median · | Mean · Asking (▲)
ⓘ Bedroom counts are estimated from EPC records or floor area, since Land Registry sales don’t record bedrooms directly.
Location
💸 Mortgage & Financing
| Recommended LTV | 75.0% |
| Indicative Rate | 4.99% |
| Monthly IO Payment | £758 |
| ICR (actual) | 1.31x |
| Feasibility | REFER |
| Notes: Rental coverage 93% — below 100% stressed coverage, most lenders will decline | |
| 💲 Total Cash Required | |
| Purchase Price | £242,995 |
| Deposit (25% — 75% LTV) | £60,748 |
| SDLT (additional property, 5% surcharge) | £14,510 |
| Legal fees (est.) | £1,500 |
| Survey (est.) | £500 |
| Arrangement fee (est.) | £999 |
| Total cash required | £78,257 |
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 | £242,995 | Loan (75% LTV) | £182,246 |
| Rate (IO) | 5.5% p.a. | Monthly interest | £835 |
| Rent needed (1.5×) | £1,253/mo | Estimated rent | £992/mo |
| Stress ratio | 1.19× (need ≥ 1.5×) £261 shortfall | ||
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 | +£107,005 |
| Reno cost (est.) | –£1,900 |
| Buy + sell costs | –£23,360 |
| Net profit | +£81,745 (130.5% 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 | £261,679 | +£18,684 | £70,243 | +£9,495 (3.9%) |
| 5 years | £274,927 | +£31,932 | £80,113 | +£19,364 (8.0%) |
| 7 years | £288,845 | +£45,850 | £90,482 | +£29,733 (12.2%) |
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 | £11,907 | £250,285 | £8,128 | £-984 | £6,305 | 7.9% |
| Yr 3 | £12,510 | £265,527 | £8,562 | £-2,305 | £20,227 | 25.5% |
| Yr 5 | £13,143 | £281,698 | £9,018 | £-2,725 | £35,978 | 45.3% |
| Yr 10 | £14,870 | £326,565 | £10,261 | £472 | £84,042 | 105.9% |
| Yr 15 | £16,824 | £378,578 | £11,668 | £10,368 | £145,952 | 183.9% |
| Yr 20 | £19,035 | £438,876 | £13,260 | £27,845 | £223,726 | 281.9% |
| Yr 25 | £21,536 | £508,778 | £15,061 | £53,897 | £319,680 | 402.8% |
| Yr 30 | £24,366 | £589,813 | £17,099 | £89,653 | £436,470 | 550.0% |
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?
📄 Lease Information
Estimated remaining lease: 996 years.
📊 Investment Skill Analysis
Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £843 | 4.2% | 2.5% | £-476 | -15.1% |
| Conservative | £923 | 4.6% | 3.0% | £-227 | -3.4% |
| Base | £992 | 4.9% | 3.3% | £-82 | 1.6% |
| Optimistic | £1,071 | 5.3% | 3.7% | £72 | 7.1% |
| Bull | £1,171 | 5.8% | 4.2% | £245 | 14.1% |
Detailed Analysis
💸 Yield & Returns
| Gross Yield | ●4.9% |
| Net Yield | ●3.34% |
| Net Annual Income | £8,126 |
| Deductions: void 8% (−£953) · mgmt 10% (−£1,191) · maint 10% (−£1,191) · fixed costs ins.+gas+EPC (−£445) | |
| Monthly IO Mortgage | £758 |
| Monthly Cashflow (IO) | ●£-81 |
| Cash-on-Cash Return | ●-1.24% |
| 5-Year IRR | ●1.6% |
● Above benchmark ● Near benchmark ● Below benchmark
💰 Tax Analysis
| SDLT (Additional Property) | £14,510 |
| SDLT Effective Rate | 5.97% |
| SDLT (Company) | £14,510 |
| Section 24 Extra Tax/yr (higher rate) | £1,822 |
| SPV Annual Saving | £1,987 |
| SPV Breakeven | — yrs |
| CGT Projected Sale (5yr) | £281,698 |
| Less: Purchase Price | −£242,995 |
| Less: Buying Costs (SDLT + legal) | −£17,110 |
| Less: Selling Costs (est. 2.5%) | −£7,042 |
| = CGT Net Gain (5yr) | £14,551 |
| CGT at 24% | £2,772 |
📈 Scenario Analysis
| Scenario | Monthly Rent | Gross Yield | Net Yield | Cashflow/mo | IRR 5yr |
|---|---|---|---|---|---|
| Bear | £843 | 4.2% | 2.5% | £-476 | -15.1% |
| Conservative | £923 | 4.6% | 3.0% | £-227 | -3.4% |
| Base | £992 | 4.9% | 3.3% | £-82 | 1.6% |
| Optimistic | £1,071 | 5.3% | 3.7% | £72 | 7.1% |
| Bull | £1,171 | 5.8% | 4.2% | £245 | 14.1% |
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