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See how verdicts work2-bedroom flat · B32 2JA
Listing removedReduced £5k (−3.3%) on 8 SepListed 487 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An improved and well presented first floor apartment in a delightful cul-de-sac location, double glazing as specified, security answerphone, hall, fitted breakfast/kitchen, lounge/dining room, two bedrooms, refitted bathroom/WC with shower, and garage in nearby block.
The property has the benefit of an extended lease on completion. No chain. Savoy Close leads off Tennal Road, in turn leading between Court Oak Road and War Lane/Northfield Road.
It is readily accessible to the Queen Elizabeth Medical Centre, the University of Birmingham and Harborne Leisure Centre, as well as excellent amenities around Harborne High Street and regular transport services leading through to comprehensive City Centre leisure entertainment and shopping facilities.
The property itself is situated on the first floor of a three storey purpose-built block, located to the front corner of this development which is set in its own landscaped grounds, having lawns, trees and some communal parking facilities.
Approach is via communal entrance hall with security answerphone.
Hallway Being L shaped and having entrance door with spy hole, security answerphone, built-in airing cupboard housing the hot water cylinder and further wall mounted cupboard housing electrics.
Fitted Kitchen (2.41m max x 3.49m max (7'10" max x 11'5" max)) Having a range of matching wall and base units with roll top worksurface, integrated electric oven, induction hob with extractor fan over, 1 1/2 inset sink drainer with mixer tap over, partial tiling to walls, UPVC double glazed window, plumbing for washing machine, vinyl flooring and ceiling light point.
Living/ Dining Room (4.51m max x 3.53m max (14'9" max x 11'6" max)) Having UPVC double glazed window, ceiling light point and wall mounted electric heater.
Door leading to: Bedroom One (3.49m max x 2.66m max (11'5" max x 8'8" max)) Having UPVC double glazed window, ceiling light point, coving to ceiling and wall mounted electric heater.
Bedroom Two (2.12m max × 3.49m max (6'11" max × 11'5" max)) Having UPVC double glazed window, ceiling light point, coving to ceiling and wall mounted electric heater.
Bathroom (1.64m max into shower x 2.55m max (5'4" max into s) Having panelled bathtub with mixer tap over, wall mounted electric shower, UPVC obscured double glazed window and hand wash basin with mixer tap over and storage below.
Partial tiling to walls, low flush WC, ceiling light point and wall mounted electric heater. Outside Garage in nearby block.
Additional Information Tenure: We are advised the property is leasehold and subject to a variable service charge of £585 per half year.
The lease has 90 years remaining from 1977 therefore having 43 years unexpired. The lease will benefit of an extended lease on completion. Council Tax Band: A
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.
Area
Agent & docs
FAQ
About 50, Savoy Close, Birmingham
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