2-bedroom flat · B32 2JA
For saleListed 4 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A ground floor apartment in a convenient cul-de-sac location which includes lounge, breakfast kitchen, two bedrooms, shower room, hallway with storage and garage nearby.
The property also benefits from an extended lease on completion. Savoy Close is a cul-de-sac leading off Tennal Road, in turn leading between Court Oak Road and War Lane/Northfield Road.
It is readily accessible to the Queen Elizabeth Medical Centre, the University of Birmingham and Harborne Leisure Centre and just a short distance from Harborne Golf Club, Queen’s Park and Harborne High Street with its excellent amenities including a variety of shops, restaurants and bars and regular transport services leading through to comprehensive City Centre leisure entertainment and shopping facilities.
The property itself is situated on the ground floor of this purpose-built block, located to the rear of the development which is set in its own landscaped grounds having lawns, trees and some communal parking facilities.
Approach is via communal entrance hall with security answerphone.
Entrance door leads into: Hallway Having security answerphone, electric heater, two ceiling light points and two good sized storage cupboards.
Lounge/Diner (6.14m max x 3.52m max (20'1" max x 11'6" max)) Having two ceiling light points, electric heater and UPVC double glazed window.
Bedroom One (3.95m max x 3.49m max (12'11" max x 11'5" max)) Having UPVC double glazed window and ceiling light point.
Bedroom Two (3.51m max × 2.84m max (11'6" max × 9'3" max)) Having ceiling light point, UPVC double glazed window and built-in storage cupboard.
Breakfast Kitchen (4.35m max x 2.71m max (14'3" max x 8'10" max)) Having vinyl flooring, built-in storage cupboard, 1 1/2 bowl sink drainer with mixer tap over, two UPVC double glazed windows, space and plumbing for washing machine, electric oven, induction hob and extractor fan over, integrated fridge, electric heater and ceiling strip lighting.
Shower Room Having vinyl flooring, low flush WC, fan heater, UPVC double glazed obscured window, fully tiled walls, pedestal hand wash basin with mixer tap over, shower cubicle with wall mounted electric shower, ceiling light point and airing cupboard housing water tank.
Outside Garage in nearby block. Additional Information Tenure: We have been advised the property is leasehold and will have the benefit of an extended lease on completion (terms to be confirmed).
A variable service charge is also payable which we are advised amounts to £1,331 per annum. Council tax band: B
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.
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