1-bedroom flat · B14 6DT
For saleReduced £10k (−11.1%) on 21 JunListed 276 days
Opportunity summary
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About
This well presented one bedroom, first floor, over 60's flat presents a spacious lounge/diner, fitted kitchen, shower room, one double bedroom, private resident parking, communal garden, communal resident facilities and is in a prime location for amenities.
Approximately 87 Years on Lease Ground Rent - £500 P/A Service Charge - £3226 P/A Approaching the property, there is a private carpark for residents with a security door controlled by an intercom controlling the front door.
There is initially a managers office and communal lounge with hallways leading to ground floor flats and stairs/lifts to subsequent floors.
The ground floor lobby is completed by a plant room, laundry room, bin store and the aforementioned lounge.
Entering the flat, there is a hall which gives space for removing outdoor footwear and jackets.
The spacious lounge/diner is immediately accessible presenting room for mutliple suites, an integral storage cupboard and electric fireplace.
There is also space for a dining table and chairs; with the kitchen adjoining the lounge/diner. The kitchen is fitted; presenting an electric oven, electric hob, sink with drain and microwave.
The Bedroom is a large double looking to the rear aspect and presenting integrated storage. The shower room is generous, presenting a walk in shower/wet room, washbasin and WC.
There is a communal garden accessible to residents from the ground floor alongside the aformentioned internal amenities.
Additionally the flat is in a prime location for amenities such as local shops, restaurants and schooling.
Public transport is readily available nearby with local bus routes a stones throw from the front door.
No statement in these details is to be relied upon as representation of fact, and purchasers should satisfy themselves by inspection or otherwise as to the accuracy of the statements contained within.
These details do not constitute any part of any offer or contract.
Ap Morgan and their employees and agents do not have any authority to give any warranty or representation whatsoever in respect of this property.
These details and all statements herein are provided without any responsibility on the part of ap Morgan or the vendors.
Equipment: Ap Morgan has not tested the equipment or central heating system mentioned in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition.
Measurements: Great care is taken when measuring, but measurements should not be relied upon for ordering carpets, equipment, etc. The Laws of Copyright protect this material.
Ap Morgan is the Owner of the copyright. This property sheet forms part of our database and is protected by the database right and copyright laws.
No unauthorised copying or distribution without permission.. Hall Lounge/Diner (4.34m x 3.48m) Both Max Kitchen (2.18m x 1.8m) Bedroom (5.33m x 2.64m) Shower Room (2.03m x 1.83m)
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 Flat 24, Home Peal House, 231, Alcester Road South, West Midlands
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