Studio flat · B23 5QW
Listing removedListed 197 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*INVESTMENT OPPORTUNITY or START HOME FOR FIRST TIME BUYERS" Jayman offer for sale a ground floor studio apartment on Littlecote Drive with parking space.
Ideal First Time Buy / Investment Property - Having been rented out for a considerable length of time the property is requiring modernisation and renovation though-out this ideally located ground floor studio apartment has great potential for either investment or first time buyers.
Living Area - 5.49 x 2.75 (18'0" x 9'0") - Open plan living area with kitchen, lounge/diner area and room for bed.
Kitchen Area - 2.29 x 1.6 (7'6" x 5'2") - Being open plan off the living area with sink and drainer and space for appliances.
Bathroom - 3.2 x 1.6 (10'5" x 5'2") - With suite comprising of bath with shower above, wash hand basin and WC. Lease - Years remaining 146 years from 25th December 2025.
Service charge (inc ground rent) Paid twice yearly to First Port in January and July. 2025 figure £606.75 per half year.
Disclaimer And Aml Checks - MONEY LAUNDERING REGULATIONS Should a purchaser(s) have an offer accepted on a property marketed by Jayman, they will need to undertake an identification check and asked to provide information on the source and proof of funds.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement.
We use a specialist third party service together with an in-house compliance team to verify your information.
The intending purchaser(s) will be asked to pay a non-refundable compliance fee of £30.00 inc.
VAT per buyer for these checks and will be required to be paid in advance when an offer is agreed and prior to a sales memorandum being issued.
1: These particulars do not constitute part or all of an offer or contract. 2: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
3: Potential buyers are advised to recheck the measurements before committing to any expense.
4: Jayman has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
5: Jayman has not sought to verify the legal title of the property, and the buyers must obtain verification from their solicitor.
Rental Potential - Rented previously at £650 per month with potential following full renovation to achieve circa £750.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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
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FAQ
About Littlecote Drive, Erdington
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