2-bedroom flat · B23 6NT
Listing removedReduced £10k (−9.1%) on 24 AugListed 98 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor two bedroom flat being sold with a ‘lease extension upon completion’.
Property requires refurbishment but benefits from a good size lounge, double glazing, electric heating, garage in a block and useful storage cupboard accessed off communal hall, lovely communal grounds and no upward chain.
Property is in a prime location for access to transport links. Erdington Cross City Line Railway Station 350m/0.2 miles.
High Street shops, modern Leisure Centre and Six Ways Island with multi-directional commuter routes including many bus connections within 900m/0.6 miles.
M6 Junction 6/A38 (M) Aston Expressway around 3.2km/2.0 miles by vehicle. Council Tax Band: A.
Tenure Leasehold: Currently 99 years from 01 Jan 1983 to become 999 years from 01 January 1983 upon completion.
Ground rent: Currently £5 per year reducing to ‘a peppercorn’/£0 upon lease extension with no set review period within new 956 year term. Service Charge £756 per year, reviewed annually.
Descriptions, floor plans, measurements and photographs of the property are subjective and are used in good faith as an opinion and not as a statement of fact.
Please make further specific enquiries to ensure that our descriptions, floor plans, measurements and photographs are likely to match any expectations you may have of the property.
We have not tested any services, systems or appliances at this property.
We strongly recommend that all the information we provide be verified by you on inspection and by your surveyor and conveyancer.
Measurements supplied are for general guidance only and as such should be considered as incorrect. Tenure must be confirmed via solicitors. All images are property of waller & farnworth ltd.
Lounge (14' 7'' x 13' 1'' (4.44m x 3.98m)) Kitchen (9' 10'' x 7' 10'' (2.99m x 2.39m)) Bedroom One (13' 3'' x 9' 11'' (4.04m x 3.02m)) Bedroom Two (10' 0'' x 7' 11'' (3.05m x 2.41m)) Bathroom (5' 11'' x 5' 11'' (1.80m x 1.80m)) Store (5' 9'' x 3' 4'' (1.75m x 1.02m)) Garage In Block (Not Measured)
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 42, South Grove, Birmingham
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