2-bedroom flat · B31 2AS
For saleReduced £10k (−7.7%) on 9 AugListed 158 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A very well presented two bedroomed first floor retirement apartment for the over 55's located in this popular development on the bournville village trust estate.
Offered on a 70% Shared Equity basis with No Rental Payment. Competitive Service Charges and well situated for transport links and amenities. Available with no upward chain.
Ep Rating: D Location Situated on the sought after Bournville Village Trust Estate renowned for its green open spaces, delightful parks and other local amenities.
The property is conveniently situated within this most popular development for the over 55's ideally located for the shopping facilities in Northfield, transport links to include various bus routes and train stations in Northfield and Bournville providing easy access to the City Centre and beyond.
The Queen Elizabeth Hospital in Selly Oak and The Royal Orthopaedic Hospital in Northfield are readily accessible.
Summary • A Very Well Presented and Maintained Two Bedroomed First Floor Retirement Apartment for the Over 55's • Located in this popular complex on the sought-after Bournville Village Trust Estate • Spacious Lounge/Diner with Storage Cupboard • Modern Kitchen with a Range of Base and Wall Units and Integrated Oven, Hob, and Extractor Fan with space for further freestanding appliances • Two Good Sized Bedrooms with storage cupboard to Bedroom Two • Contemporary Shower Room with Walk-in Shower Cubicle, Wash Basin and WC • Balcony • Emergency Pull-Cord System • Attractive Well Maintained Communal Gardens with Seating Area • Residents Parking and Garage in Separate Block • Communal Gardens and Drying Areas • Convenient for Transport Links • Well Located for the Queen Elizabeth Hospital and Royal Orthopaedic Hospitals • available with no upward chain Data Agent Note - please note this sale is subject to Probate tenure - We are advised that the property comprises a 70% Share in the subject property with the benefit of no rental amount to be paid for the remaining 30% share owned by the Bournville Village Trust.
The property is leasehold for a term of 99 years from 6 March 2019.
Service charge - A Service Charge is payable covering various items to include - external repairs, insurance of the building and grounds maintenance, currently believed to be £1,800 per annum (subject to verification by legal advisers).
Council tax band - C Heating and glazing - Gas Fired Central Heating and UPVC Double Glazed Windows.
The consumer protection regulations These details are for guidance only and complete accuracy cannot be guaranteed.
If there is any point which is of particular importance, verification should be obtained before viewing.
The Agent has not tested any apparatus, equipment, fixture or fittings or services and so cannot verify that they are connected, in working order or fit for the purpose intended.
Items in photographs are not necessarily included. All measurements are approximate. These details do not constitute a contract or part of a contract.
The Agent has not checked legal documents to verify the Freehold/Leasehold status of the property or that necessary planning permissions have been obtained.
Interested parties are advised to obtain verification from their solicitor or surveyor.
Money laundering regulations Under government regulations we are required to carry out prescribed identity checks on all purchasers and also obtain precise details of funding for their purchase.
This must be done before agreeing a sale. We will carry out these checks, electronically and as soon as you make an acceptable offer on a property.
There is a charge of £36 for one person and £54 for two or more. Prices are inclusive of VAT and are non-refundable.
Floor plans Where shown, the plan is for illustration purposes only and is not to scale.
The floor area shown is taken from the EPC calculations and is therefore approximate and will include only habitable areas.
Property information questionnaire A copy of the Property Information Questionnaire is available about this property at our office.
This has been completed by the Seller to provide comprehensive information about the property which will be of relevance to any intending Purchaser.
Fixtures and fittings Only those items mentioned in these particulars are included in the sale. All other items are excluded.
General advice All interested parties should check availability and explore the situation of a property on Google Earth/ Google Street Maps Street View before viewing. Viewings are via the Agents.
Referral fees Referral fees may be paid to us for referring clients to mortgage, insurance, surveying and conveyancing services which can range from £50 to £200.
Accommodation Ground Floor Entrance Hall Stairs First Floor Landing With storage cupboard Lounge 5.6m (max) 2.3m (min) x 3.73m (max) 3.12m (min) - with storage cupboard Kitchen (2.36m x 3.84m (7' 9" x 12' 7")) With storage cupboard Bedroom One (4.06m x 2.74m (13' 4" x 9' 0")) Bedroom Two (1.96m x 3.12m (6' 5" x 10' 3")) With storage cupboard Shower Room (1.96m x 1.57m (6' 5" x 5' 2")) Outside Balcony Shared Meter Cupboard Communal Gardens Resident Parking
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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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Flat 2, Laurence Court, 2A, Maryland Drive, Northfield
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