Modern Method of Auction
Auction date not yet published
1-bedroom flat · B20 2NZ
For saleListed 654 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £55,000. Concept Homes are pleased to offer for sale this one bedroom flat, situated in the Handsworth Wood area.
Cash Buyers Only as short lease but possibility to extend.
This flat comprises of entrance hallway, one reception and fully fitted kitchen including base units and work surfaces, double sized bedrooms, fitted wardrobes.
A Bathroom suite with bath and over shower. Located within close surroundings to public transports, local train station and good access to Birmingham town centre and M6/M5 motorway junctions.
The property has good access to all local amenities and local schools. Viewing is highly recommended and this property is Ideal for first time buyers or as an investment opportunity.
(53 years left on Lease, Ground Rent £25 and Service Charge £1,644) Dimensions within; Hall - 13.4 ft - 3.3 ft (Radiator /Ceiling light point/ Carpet) Lounge - 15ft - 10.04 ft (Radiator /Ceiling light point/ Double glazing windows to the side/Carpet) Bedroom - 14.9ft - 10.03ft (Radiator /Double glazing windows to the side/Carpet) Bathroom - 7.9ft -6.4ft (Bath with Shower on wall/Hand wash basin/ Frosted double glazing window to side) Toilet - Low flush W.C.
Please note, any viewings or offers that take place from this moment must be placed through the auction T&Cs as per the Sellers agreement.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 10, Richmond Close, Butlers Road, Handsworth Wood, Birmingham
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