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See how verdicts work2-bedroom flat · B35 6NJ
For saleReduced £10k (−7.1%) on 15 OctListed 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A recently improved two bedroom apartment with no upward chain, situated in a tucked away position on Stornoway Road with the benefit of a lease extension upon completion.
The accommodation comprises an entrance hallway, lounge/diner, fitted kitchen, two double bedrooms and bathroom.
Additional features and benefits include new windows and communal carpeting due to be installed, communal garden, gas central heating and double glazing.
Situated within an established residential development with convenient access to local amenities, schools and public transport links.
Pegasus Primary School is approximately 190m/0.1 miles, Lift Greenwood approximately 750m/0.5 miles and Castle Vale Meadows around 950m/0.6 miles.
Local shops and bus services are also available within the surrounding area. Service Charge: £650.4 P/yr, reviewed annually. Ground Rent: £0/a peppercorn P/yr. Council Tax Band: A. Tenure: Leasehold.
The current lease will be extended upon completion, providing approximately 165 years remaining.
Descriptions, floor plans, measurements and photographs of the property are subjective and are used in good faith as an opinion and not as a statement of fact.
Please make further specific enquiries to ensure that our descriptions, floor plans, measurements and photographs are likely to match any expectations you may have of the property.
We have not tested any services, systems or appliances at this property.
We strongly recommend that all the information we provide be verified by you on inspection and by your surveyor and conveyancer.
Measurements supplied are for general guidance only and as such should be considered as incorrect. Tenure must be confirmed via solicitors. All images are property of waller & farnworth ltd.
Lounge/Diner (21' 5'' x 11' 7'' (6.52m x 3.53m)) Bedroom One (13' 5'' x 11' 7'' (4.09m x 3.53m)) Bedroom Two (13' 1'' x 8' 5'' (3.98m x 2.56m)) Kitchen (11' 5'' max x 9' 4'' max (3.48m x 2.84m)) Bathroom (8' 8'' x 6' 7'' (2.64m x 2.01m))
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers before making any investment decisions.
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
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FAQ
About Flat 3, 109, Stornoway Road, Birmingham
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