2-bedroom flat · B27 7XZ
Listing removedListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**Being sold via modern method of auction ** in collaboration with Brookvale Auctions this 2 bedroom ground floor flat is offered to cash buyers only due to a short lease.
This ground floor flat requires modernisation and is located in a purpose built block situated to the rear of the development overlooking the communal gardens, entered via communal hallways the flat can be found on the right hand side with a UPVC double glazed door leading into the L-shaped reception hall giving access to all of the rooms.
There are two double bedrooms with built in storage, bathroom and separate WC, kitchen and a lounge diner. There is a garage en bloc, communal parking and communal gardens.
Lounge Diner - 6.91m x 3.28m max 2.26m min (22'8" x 10'9" max 7'5''min) Kitchen - 2.36m x 2.97m (7'9" x 9'9") Bedroom One - 3.23m x 2.9m (10'7" x 9'6") Bedroom Two - 3.2m x 2.59m (10'6" x 8'6") Bathroom inc WC - 2.36m x 2.36m (7'9" x 7'9") Council Tax Band B EPC rating D Leasehold The vendor advises that the property is Leasehold with approximately 39 years remaining on the lease, a service charge payable of approximately £1825 per annum and a ground rent payable of £25 per annum.
Drakes Estate Agents will not be held responsible should this information be incorrect and we request that your conveyancing solicitor verifies this throughout the conveyancing procedure.
The information provided by Drakes Estate Agents do not constitute part or all of an offer or contract, the measurements are supplied for guidance only and as such must be considered incorrect, we have not tested any appliances, fittings, services or equipment or and we ask all potential buyers to check the working of any appliances and the measurements before committing to any expenses.
For Money Laundering purposes we will request any potential buyer at offer stage to provide proof of Identity before negotiation takes place.
Drakes Estate Agents do receive a small referral fee from some Conveyancing Solicitors & Mortgage Brokers which is on a case-by-case basis, and is subject to a minimum referral fee of £50.
Auctioneer Comments Offered via the Modern Method of Auction through Brookvale Auctions.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Brookvale Auctions / Completion required within 56 days of reservation form being completed.
(subject to mortgage, affordability and survey).
A non-refundable 4% + VAT Reservation Fee (Or a minimum of £5000 + VAT) is payable in addition to the purchase price and is included in Stamp Duty calculations.
All bidders will be required to complete id and Anti-Money Laundering (aml) checks via Landmark Compliance or Credas.
Buyers will need to provide proof of funds and carry out their own due diligence Subject to an undisclosed Reserve Price. Starting Bid and Reserve may change
Value & comps
No previous sales on record.
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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 starting price
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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 Louise Court, 7,Flat 4, Victoria Road, Birmingham
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