2-bedroom flat · B13 9HB
For saleReduced £10k (−11.1%) on 27 MayListed 245 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the first floor of this popular over-60s retirement development, this two-bedroom apartment offers well-proportioned accommodation and excellent potential for modernisation, allowing the new owner to update and style to their own taste.
The property is offered to the market with NO ON WARD CHAIN, ensuring a straightforward purchase process, and benefits from a 95-year lease.
The apartment is accessed via a secure communal entrance with intercom entry system, providing added peace of mind.
Residents also enjoy use of a welcoming communal lounge, ideal for socialising and community activities.
To the front of the development there is a communal parking area available for residents and visitors.
Internally, the property features a spacious through lounge, offering ample room for both living and dining areas, with a separate kitchen accessed directly from the lounge.
The kitchen provides a practical layout with scope for updating. There are two good-sized bedrooms, suitable for use as a main bedroom and guest room or study, along with a fitted shower room.
This property presents an excellent opportunity for buyers seeking secure retirement living with the chance to personalise and add value. Early viewing is highly recommended.
A Two-Bedroomed Retirement Apartment Secure Communal Entrance Communal Lounge Entrance Hallway Lounge 5.38m x 3.4m Kitchen 2.7m x 1.73m Bedroom One 4.72m (min), 5.33m (max) x 2.51m (min to wardrobe), 3.02m (max into wardrobe) Bedroom Two 3.28m (max), 2.64m (min) x 2.62m Shower Room 2.08m x 1.7m Communal Gardens Communal Car Park Council Tax Band D Tenure Leasehold - 95 years remaining on the lease Service charge and Ground rent TBC Viewings Strictly by appointment only via Leaders - (Option 2)
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 Wake Green Road, Birmingham, West Midlands
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