4-bedroom terraced house · B42 2ET
Under offerListed 155 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FULL DESCRIPTION A parcel of land adjacent to 105 Aldridge Road with full planning consent granted for the development of two spacious residential flats.
The scheme comprises one generously sized one-bedroom flat extending to approximately 73 sq m and one large three-bedroom flat extending to approximately 92 sq m.
An excellent development opportunity with approved planning permission already in place, ideal for investors or developers seeking a ready-to-build project.
LOCATION This property is located in a popular residential area.
As the second-largest city in the UK, Birmingham has been undergoing a huge economic and cultural renaissance over the past few years, fuelled by the arrival of the new high-speed rail link, HS2, to London, bringing with it a multi billion injection into the local economy.
TENURE Freehold site with full planning consent. VIEWINGS Please contact SBI estates for viewings. BUYERS FEE Buyer's Reservation Fee of 2% of The Purchase Price. Minimum Fee £2400.
(All fees inclusive of VAT). T&Cs apply.
SBI estates "Secure It Now Exclusivity Package" This property is being offered under SBI estates "Secure It Now Exclusivity Package" Please request information pack, Buyer's Guide & FAQs.
You will be required to enter into an "Exclusivity Agreement" with the Seller, granting you the Buyer the Exclusive right to purchase the property within the exclusivity period.
Please note the Buyer's Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance.
The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice.
Cash buyers preferred. This is an investment property and will be sold with the benefit of the social housing lease. Cash purchasers preferred.
Anyone looking to purchase with finance must ensure that they can complete on the property and the property is suitable for their lender's criterial.
The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation , lending or anything else.
The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement Upon offer acceptance you will not be required to exchange contracts, but will be granted an "exclusivity period" in order to exchange and complete on the transaction.
This timescale will generally be 8 weeks, but will be specified in the Exclusivity agreement. (Please note we may be able to negotiate the timeframe, so please discuss with your SBI representative).
This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer's Fee, this secures the transaction and takes the property off the market.
By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability.
SBI Estate's "Secure It Now Exclusivity Package" - this is a legally binding agreement between you and the seller.
When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an "Exclusivity agreement with the Seller", granting the buyer an exclusivity period, which is usually upto 8 weeks to complete on the purchase of the property.
During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted and during this period buyer must complete the sale transaction.
If the buyer fails to complete in this period, the fee is non-refundable.
This property is being offered under SBI Estates "Secure It Now Exclusivity Package" This is an innovative secure and straightforward way to purchase this property.
* Secure your dream property straight away * Properties are realistically priced * Similar to a "normal" or "conventional" sale with a few measures to protect the buyer and the seller * Focuses on speed * Mortgage buyer friendly * Suitable for first time buyer * Mortgage buyers and cash buyers compete on equal terms * No competitive bidding * No risk of being gazumped * Minimises risk of fall throughs Secure It Now Exclusivity Package - How does it work?
Secure It Now Exclusivity Package - How does it work? Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.
You can now secure the purchase with a buyer's "Secure It Now Exclusivity fee " of 2% which includes : * A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks ) * Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.
* This prevents the risk of gazumping * helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.
* You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.
Step 1 - Register your interest Step 2 - Sort out your finances Step 3 - Arrange a viewing / Virtual Tour Step 4 - Make an offer Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package Step 6 - Exchange and completion Next Steps - Do Not Miss Out - Please note this is a realistically priced property and is likely going to create a fair amount of buying interest.
If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out. Please note this is a non-refundable exclusivity fee in addition to the purchase price.
MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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Deal
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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.
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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 with planning, Aldridge Road, Birmingham, B42
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