2-bedroom flat · B28 9EX
For saleListed 58 days
Opportunity summary
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About
A well presented first floor retirement apartment for the over 55’s benefiting from double glazing and offering accommodation comprising reception hall, spacious lounge, fitted kitchen, two good size bedrooms, modern shower room and communal facilities including residents lounge with kitchen, laundry room, games room, library, parking and communal gardens Oak Tree Court is a conveniently situated retirement development specifically for the over 55's on the borders of Shirley and within walking distance of several shops and amenities including Tesco Supermarket via a rear gated access.
The apartment is situated in a purpose built retirement apartment block with well maintained communal gardens, parking spaces and intercom video entry system leading through to communal hallway.
The block comprises a variety of residents facilities including lounge, laundry room, games room and library to name but a few.
Residents further benefit from community events such as after noon tea's and day trips.
Stairs and lift access rise to the first floor where you will find a private front door leading into Private Entrance Hallway With ceiling light point, electric storage heater, useful storage cupboards and doors leading off to Spacious Lounge - 4.3m x 3m (14'1" x 9'10") With double glazed window, electric storage heater, ceiling light point and door to Fitted Kitchen - 3m x 2m (9'10" x 6'6") Being fitted with a range of wall, drawer and base units with complementary work surfaces over and a sink and drainer unit with mixer tap.
Space for freestanding electric cooker, space for fridge/freezer, tiling to splash prone areas, wood effect flooring, ceiling light point and double glazed window Bedroom One - 3.2m x 2.6m (10'5" x 8'6") With double glazed window, wall mounted electric heater, fitted wardrobes and ceiling light point Bedroom Two - 3.2m x 1.8m (10'5" x 5'10") With double glazed window, wall mounted electric heater and ceiling light point Modern Shower Room - 2m x 1.8m (6'6" x 5'10") Being fitted with a three piece white suite comprising of a corner shower enclosure with electric shower, pedestal wash hand basin and a low flush W.C.
Complementary tiling to water prone areas, extractor and light point Tenure We are advised by the vendor that the property is leasehold with approx.
117 years remaining on the lease and a service charge of approx. £3,160 per annum. We would advise all interested parties to obtain verification through their own solicitor or legal representative.
EPC supplied by vendor.
Current council tax band – B Property Misdescriptions Act Smart Homes have not tested any equipment, fixtures, fittings or services mentioned and do not by these Particulars or otherwise verify or warrant that they are in working order.
All measurements listed are given as an approximate guide and must be carefully checked by and verified by any Prospective Purchaser. These particulars form no part of any sale contract.
Any Prospective Purchaser should obtain verification of all legal and factual matters and information from their Solicitor, Licensed Conveyancer or Surveyors as appropriate.
Value & comps
No previous sales on record.
Returns
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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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FAQ
About 24 Oak Tree Court, Pembroke Way, Birmingham
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