1-bedroom flat · B38 8RH
For saleListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Spinney, a purpose built retirement development in Kings Norton, has long been a sought-after place to call home for the over 60's since the 1980's and offers freedom and independence.
On a personal note, my own Nan used to reside here many years ago and loved it.
Its safety and security is an obvious plus, but its simple apartment design makes for easy living, in addition also to its location meaning your everyday essentials are close by plus transport links getting you to local areas or around the City are a huge benefit.
Occupying a popular first flor position to the rear and overlooking the communal gardens, the apartment, accessible by either a lift or staircase, consists of: A spacious entrance hall with two store cupboards, a lounge diner, bi-fold door entering into the separate kitchen having fitted units with space for a cooker, washing machine and fridge freezer, a spacious double bedroom with built-in wardrobes and shower room with a walk-in, corner shower cubicle.
Throughout, the apartment has electric heating and double glazed windows. Well presented and ready to move into, the apartment offers no upward chain.
Making a fabulous place to call home, the previous owner resided here for over 20 years and gave a special mention to the community events held at The Spinney, arranged by its residents or the onsite building manager.
Viewing essential, to appreciate the size, layout and condition offered. We have been informed but sighted evidence of the following: Service Charge: £2,962.44 approximately per annum.
Lease: Circa 81 years extendable on purchase.
Information on Anti-Money Laundering checks: We are required by law to carry out Anti-Money Laundering checks on all individuals who are selling or buying a property.
It is our responsibility to ensure that these checks are carried out correctly and monitored continuously. However, our partner, IAmProperty, will conduct the initial checks on our behalf.
They will contact you once your offer has been agreed upon and we are in receipt of id. These checks incur a non-refundable fee of £30 (inclusive of VAT).
The fee covers the collection of relevant data, manual checks, and monitoring.
You will need to pay this fee to IAmProperty to complete all Anti-Money Laundering checks before your offer can be formally agreed upon.
Exp will receive a portion of the fee charged by IAmProperty to compensate for our role in providing these checks.
Dean Coleman Estate Agents powered by eXp and its Clients give notice that: They have no authority to make or give any representations or warranties in relation to the property.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate.
The text, photographs and plans are for guidance only and are not necessarily comprehensive.
It should not be assumed that the property has all necessary Planning, Building Regulation or other consents, and Dean Coleman Estate Agents powered by eXp has not tested any services, equipment, or facilities.
Purchasers must satisfy themselves by inspection or otherwise.
Dean Coleman Estate Agents powered by eXp is a member of The Property Ombudsman scheme and subscribes to The Property Ombudsman Code of Practice.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About The Spinney, 101,Flat 18, Redditch Road, Birmingham
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