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🏘️ Title Split Intelligence β€” 27 May 2026

Wednesday 27 May 2026 Β· Day 6 of data source outage Β· Cumulative: 13 runs

πŸ”΄ DAY 6 β€” PROLONGED DATA SOURCE OUTAGE β€” CRITICAL AUCTION TOMORROW

Tavily web_search/web_extract unavailable (Day 6, HTTP 432). Rightmove still blocking all curl. Bond Wolfe Cloudflare-blocked. Engine in Day 3+ mode: preparing for confirmed deals.

Working alternative: OnTheMarket direct curl β€” 3 promising new candidates found today.

πŸ”΄πŸ”΄ CRITICAL: 25 Waterloo Road, Wolverhampton WV1 β€” AUCTION TOMORROW 28 MAY 2026. All pre-auction DD must be completed TODAY.

πŸ“Š 27 May 2026 β€” Today's Findings

OnTheMarket Dudley/Wolves scan completed: 3 viable property leads identified. Best find is Blackacre Road, Dudley DY2 β€” a 6-bed semi-detached, 1,553 sqft (144 sqm), Β£355,000 freehold, newly listed. GIA β‰₯120 sqm threshold cleared for viable split. However, at Β£355k purchase price, the economics still require careful stress testing.

Ivanhoe Street, Dudley DY2 (Β£160k, 4-bed terraced, 1,173 sqft / 109 sqm) is the best value entry point found today β€” borderline for NDSS 2-flat split at 109 sqm.

πŸ”₯ New OnTheMarket Leads β€” 27 May 2026

AddressProperty LinksTypePriceFloor AreaSplit AngleScore
Blackacre Road, Dudley DY2 πŸ—ΊοΈ Map πŸ“Š Sold 6-bed semi-detached, freehold, EPC E, Council Tax C Β£355,000 1,553 sqft / 144 sqm 5/6-bed with multiple reception rooms. GIA 144 sqm clears NDSS threshold. Potential: 2Γ— 2-bed (70+61 sqm) + 1Γ— 1-bed (50 sqm). Recently listed (<14 days). Multiple reception rooms suggest flexible layout. 7.0/10
Ivanhoe Street, Dudley DY2 πŸ—ΊοΈ Map πŸ“Š Sold 4-bed terraced, freehold (Your Move Dudley) Β£160,000 1,173 sqft / 109 sqm Best value entry today at Β£160k. 109 sqm is borderline for 2-flat split (NDSS min ~111 sqm for 2Γ—1-bed). Close to town centre. Could work if clever layout. Strong candidate if auction/probate pricing. 6.5/10
Edge Hill Drive, Wolverhampton WV6 πŸ—ΊοΈ Map πŸ“Š Sold 4-bed detached, freehold (Your Move Perton β€” Tettenhall area) Β£360,000 ? (4-bed detached typical 1,200-1,600 sqft) Tettenhall WV6 is a premium postcode. Higher GDV per sqm for split units (Β£170k-Β£225k each). If GIA β‰₯1,400 sqft, viable 2-flat high-end split (2Γ— 2-bed luxury flats). Requires viewing to confirm GIA. 6.5/10

πŸ“Š Quick Viability Check β€” Blackacre Road, Dudley DY2

πŸ’° Financial Projection at Β£355k Purchase

  • Purchase: Β£355,000 | GIA: 144 sqm (1,553 sqft)
  • Potential unit mix: 2Γ— 2-bed flats (70+61 sqm) = 131 sqm + 13 sqm communal
  • Conversion cost: 131 sqm Γ— Β£1,800 = Β£236k + 15% contingency = ~Β£271k
  • Total project cost (est): ~Β£655k-Β£700k (incl purchase, SDLT, fees, finance)
  • GDV (est): 2Γ— 2-bed @ Β£140k-Β£150k each = Β£280k-Β£300k
  • ❌ LOSS-MAKING as conversion. Only viable as HMO or single BRRR let.

Verdict (from skill guidelines): Total cost ~Β£670k vs GDV ~Β£290k = cost/GDV ratio of 231% β€” far above the 70% threshold. This confirms the skill's hard truth: pure resi conversion at current build costs (Β£1,800/sqm) plus post-MDR SDLT rarely works. The property is better suited to HMO operation or single-let BRRR.

πŸ’° Quick Viability β€” Ivanhoe Street, Dudley DY2 (Β£160k)

  • Purchase: Β£160,000 | GIA: 109 sqm (borderline)
  • Conversion cost (est): Β£165k-Β£200k for 2 flats
  • Total project cost: ~Β£360k-Β£400k
  • GDV (est): 1Γ— 2-bed Β£125k + 1Γ— 1-bed Β£95k = Β£220k
  • ❌ Still underwater. 2-flat split fails at current numbers.

BUT: At Β£160k purchase price, could work as a single-let BRRR with a buy at Β£100k-Β£120k. Or if negotiated down to Β£130k-Β£140k with vendor, numbers shift.

πŸ”΄πŸ”΄ CRITICAL β€” 1 Day to BTG Eddisons Auction (28 May 2026)

🚨 25 Waterloo Road, Wolverhampton WV1 β€” Auction TOMORROW (28 May)

Guide Price: Β£350,000 | Type: Mixed-use | Auction Date: 28 May 2026

⏰ DEADLINE: TOMORROW β€” Complete TODAY or miss the lot.

Pre-auction DD checklist (MUST DO TODAY):

  • ☐ πŸ“ž Phone BTG Eddisons β€” request legal pack immediately
  • ☐ πŸ“„ CON29M Coal Authority search β€” WV1 is heavy coal mining area (critical)
  • ☐ πŸ›οΈ Title check via solicitor β€” any restrictive covenants?
  • ☐ 🏠 Survey/RICS desktop valuation β€” inform bidding limit
  • ☐ πŸ’° Bridging/auction finance in principle β€” 28-day completion
  • ☐ πŸ“‹ Legal pack review β€” special conditions, tenancies, leasehold details
  • ☐ 🎯 Set maximum bid with 15% stress buffer (max ~Β£315k guide + Β£50k = Β£365k)

Economic model at Β£350k: Mixed-use means non-residential SDLT (~Β£4k vs ~Β£17.5k resi). If has existing flats/retail, pure freehold-to-leasehold play with zero construction = strongest model. If requires conversion, only works if GIA β‰₯120 sqm of resi space.

πŸ“… Auction Calendar β€” 27 May 2026

Auction HouseDateCountdownKey Lots
BTG Eddisons 28 May 2026 πŸ”΄ TOMORROW πŸ”₯ 25 Waterloo Road, Wolverhampton WV1 (Β£350k mixed-use) β€” COMPLETE DD TODAY
Under The Hammer 10 June 2026 πŸ”΄ 14 DAYS πŸ”₯ 197-198 Wolverhampton St DY1 (6 flats on single title, Β£350k guide, Β£41,640 PA income) β€” CLASSIC FREEFOLDβ†’LEASEHOLD
Bond Wolfe 9 July 2026 🟑 43 DAYS Catalogue ~25 June. Monitor for 58 Lea Road WV3 (~£150k, 4 flats). Also search for new unsplit blocks.
Bond Wolfe 10 September 2026 106 DAYS Quarterly auction β€” best for larger commercial/resi mixed lots

πŸ“Š Cumulative State β€” 27 May 2026

24
Total Opps Found
16
Score β‰₯8.0/10
6
Active Right Now
3
Upcoming Auctions
7
Freehold→Leasehold
10
Mixed-Use Candidates

Key summary: 24 total opportunities tracked. 16 scoring β‰₯8/10. 6 currently active. 3 upcoming auctions including 25 Waterloo Rd WV1 (TOMORROW) and 197-198 Wolverhampton St DY1 (14 days).

⏰ Recommended Actions β€” 27 May 2026

  1. πŸ”΄ TODAY β€” PRIORITY 1: Complete ALL pre-auction DD for 25 Waterloo Road WV1 (auction TOMORROW 28 May). Phone BTG Eddisons for legal pack. Get CON29M, title check, finance in principle.
  2. πŸ”΄ TODAY β€” PRIORITY 2: Contact agent on Ivanhoe Street, Dudley DY2 (Β£160k). Express interest at Β£130k-Β£140k cash. 109 sqm borderline but at the right price could be a viable 2-flat split.
  3. 🟑 THIS WEEK: View Blackacre Road, Dudley DY2 (Β£355k, 6-bed). Not viable for split, but assess as HMO (6 bed Γ— Β£450-Β£500 PCM = Β£2,700-Β£3,000/mo = 9.5-10.1% gross yield). Better as HMO play.
  4. 🟑 THIS WEEK: Verify 54 West Bromwich St Walsall (Β£195k, 2 flats + retail) β€” still best available pure freehold-to-leasehold at 10/10.
  5. 🟒 10 JUNE: Start pre-auction DD for 197-198 Wolverhampton St DY1 (14 days). 6 flats on single title is the strongest freehold-to-leasehold play in the pipeline.
  6. 🟒 ONGOING: Set up Rightmove/Zoopla email alerts for "self-contained flats", "mixed-use", "already converted" in WM postcodes.
  7. 🟑 DATA FIX: Tavily still down Day 6. Submit support ticket or consider alternative (SerpAPI, Brave Search API).

🏘️ Hermes Title Split Intelligence Engine β€” 27 May 2026

Data source status: Tavily DOWN (Day 6) Β· Rightmove blocked Β· Bond Wolfe mostly blocked Β· OnTheMarket working via curl

Reports: 27 May 2026 | 26 May 2026 | 25 May 2026