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See how verdicts workHouse · B23 7JJ
For saleListed 67 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Paul Carr Land and New homes are proud pleased to offer for sale this freehold plot of land measuring circa 0.52 acres which offers a secluded position at the end of Hampton Road, off Slade Road.
Approached by a generous driveway, there is currently a former three storey workshop in situ which offers development potential (subject to planning).
Formerly an engineering metal spinning works, the property is now considered suitable for alternative use, including residential, subject to the necessary consents.
A pre application enquiry under the application number 2024/05829/PA was submitted for change of use to the existing building with 3 new flats.*Please note the Purchaser is to be responsible for payment of the selling agents fees of £3000 + VAT.
Payable upon exchange of contracts.*Identity Verification Fee - We are required by law to conduct anti-money laundering checks on all those buying a property as part of our due diligence.
As agents acting on behalf of the seller, we are required to verify the identity of all purchasers once an offer has been accepted, subject to contract.
The initial checks are carried out on our behalf by Lifetime Legal .
A non-refundable administration fee of £40 + VAT (£48 including VAT) applies which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us issuing a memorandum of sale, directly to Lifetime Legal, and is non-refundable.
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
Agent & docs
FAQ
About Land to the rear of 43 & 45 Hampton Road, Erdington. Birmingham. B23 7JJ
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