1-bedroom flat · B15 2NE
Listing removedListed 495 days
Opportunity summary
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About
Short lease - cash buyers only. Fully refurbished first floor (top) apartment located in this purpose-built low rise development.
Set in a quiet road and surrounded by greenery and well-maintained communal gardens, this property has the benefit of resident's parking, double glazing, newly fitted gas central heating, sitting room with Juliet balcony, refitted kitchen, double bedroom and newly fitted bathroom.
Pakenham Road, Edgbaston runs between Wheeleys Road and Charlotte Road. The location offers easy access to the University of Birmingham, Queen Elizabeth Hospital, Edgbaston Village and Harborne.
There is also regular transport services to further comprehensive City Centre with leisure, entertainment and shopping facilities, with Five Ways train station being just a short distance away.
Entrance door leads into communal hallway. Stairs lead to first floor where apartment 23 is located.
Hallway Having ceiling light point, security answerphone, radiator, laminate flooring and loft access hatch.
Living Room (3.68m max x 2.86m max (12'0" max x 9'4" max)) Having UPVC double glazed doors opening out to Juliet balcony overlooking the grounds, UPVC double glazed window, radiator, coving to ceiling and ceiling light point.
Kitchen (2.92m max x 1.63m max (9'6" max x 5'4" max)) Being newly fitted and having a range of gloss-fronted wall and base units, composite work surfaces, stainless steel single drainer sink with mixer tap over, cupboard housing the wall-mounted Ideal gas Combi boiler, UPVC double glazed window to the front, laminate flooring and ceiling light point.
Integrated electric oven with electric hob over and wall-mounted extractor fan above and appliance space.
Bedroom (2.69m max x 2.39m max (8'9" max x 7'10" max)) Having UPVC double glazed window, radiator, ceiling light point, and laminate flooring.
Bathroom Having panelled bath with wall-mounted electric shower over and side screen, laminate flooring, pedestal wash handbasin with mixer tap over, vertical radiator, low flush WC, airing cupboard, full complementary tiling to walls, extractor fan and ceiling light point.
Outside Residents parking and communal gardens including lawn and established plants. Additional Information Tenure: Leasehold - 45 years remaining.
Service charge payable of £764.51 per half year and a ground rent of £37.50 per half year. Council tax band - A Cash buyer only due to short lease.
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 23, Pakenham Road, Birmingham
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