2-bedroom flat · B16 9LQ
For saleReduced £7k (−3.6%) on 16 SepListed 329 days
Opportunity summary
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About
An excellent opportunity to purchase a spacious second floor apartment, boasting an extended lease - 999 years from 2011.
The property features two double bedrooms with en suite shower rooms, a large lounge with access to a balcony, modern style kitchen, communal parking plus an allocated garage. EPC Rating: D.
Council Tax Band: D. Location The property is situated just off the highly sought after Hagley Road, making the location ideal for those commuting to work and wanting access to the City Centre.
The block is situated on the border of Harborne and Edgbaston.
Being home to the University of Birmingham and the Warwickshire County Cricket Club, Edgbaston is a popular residential area and in particular for its excellent transport links to Birmingham City Centre.
Local amenities and places of interest include the Five Ways Entertainment Centre, Edgbaston Golf Club and of course the Edgbaston Reservoir.
The Reservoir provides an escape from busy day to day life and is a peaceful backdrop for walkers, joggers and cyclists.
Harborne High Street is just a mile away and boasts shopping, a variety of eateries, entertainment venues, the popular Harborne Leisure Centre as well as doctor surgeries and vets.
Summary * A well presented second floor apartment in an excellent location, being on the cusp of the City Centre * A large, spacious living room which has duel aspect providing natural light and having access to a balcony * Modern style kitchen with breakfast bar and integral oven with gas hob * Two double bedrooms, both of which have useful built in wardrobes and en suite shower rooms * A separate WC accessed from the hallway * Communal garden areas * Communal parking * Allocated garage General Information tenure: The agent understands that the property is Leasehold.
Term of lease: 999 years from 1 January 2011. Current Annual Service Charge is £1,800. Services: Central Heating to radiators is provided by a combi boiler located in the kitchen.
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About Flat 18, Edward Court, 317, Hagley Road, West Midlands
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