1-bedroom flat · B23 5DS
Listing removedListed 497 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** not shared ownership ** Pay a discounted 80% of full value as set by an independent Chartered Surveyor.
Applicants must be registered or qualified as per the Birmingham City Council Affordable Housing Register to for purchasing – details upon request.
A stylishly improved second floor one double bedroom modern apartment with lovely open plan lounge/kitchen area, upgraded bathroom & upgraded kitchen, entrance hall with storage, access to loft space, upgraded electric heating, double glazing, security intercom entrances front and rear, gated residents parking and cycle store, designated parking space and visitor parking spaces.
Property is conveniently located close to local shops, amenities, bus connections and public parkland within 200m/0.1 miles. Erdington Cross City Line Railway Station 1.6km/1.0 mile.
Tenure: Leasehold – 155 years from 01 June 2007 giving 137 years remaining. Service charge: £1,406 per year reviewed annually. Ground rent: £175 per year, reviewed every 25 years. Council Tax Band: A.
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/Kitchen (16' 2'' x 13' 7'' (4.92m x 4.14m)) Double Bedroom (12' 3'' x 9' 11'' min (3.73m x 3.02m)) Bathroom (7' 8'' x 5' 6'' (2.34m x 1.68m))
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
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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
FAQ
About Flat 5 Somerton Court, Turfpits Lane, Birmingham
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