1-bedroom flat · B37 7FS
Sold STCListed 141 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
OVERVIEW First floor one double bedroom maisonette in popular Marston Green location being an ideal first time buy/buy to let investment bien offered for sale with No Upward Chain .The double glazed and gas centrally heated accommodation includes ground floor vestibule hall, first floor lounge, separate kitchen, double bedroom, bathroom and parking space.
GROUND FLOOR VESTIBULE HALL with composite entrance door, radiator and stairs to the first floor.
FIRST FLOOR LOUNGE 15' 1" x 10' 7" (4.62m x 3.25m) with double glazed window , radiator and cloaks cupboard off.
KITCHEN 10' 6" x 5' 6" (3.22m x 1.68m) fitted with matching base and wall units having roll edge work surfaces with inset single drainer sink unit and built in four plate hob unit with oven under and extractor hood over.
There is plumbing for washing machine, radiator, double glazed window and wall mounted gas central heating boiler. INNER HALLWAY with radiator and access to loft storage area.
DOUBLE BEDROOM 13' 2" x 9' 7" (4.02m x 2.93m) with wardrobe/storage cupboard, radiator and double glazed window.
BATHROOM 6' 8" x 5' 6" (2.05m x 1.69m) having panelled bath with electric shower unit over, pedestal wash hand basin, low level w.c., extractor fan, radiator and LInen Cupboard off with radiator.
OUTSIDE The property has the benefit of allocated parking space and Bin Store.
TENURE We are advised by the vendors that the property is LEASEHOLD currently having approximately 73 years left on the lease with a monthly service charge of £84.86 being payable to Bromford Housing Association for maintence of communal grounds, buildings insurance etc.
The vendor is currently in the process of obtaining of extending the lease by 90 years to 163 years subject to a peppercorn ground rent.
ANTI MONEY LAUNDERING POLICY Agents are required by law to conduct anti-money laundering checks on all those buying a property.
We outsource the initial checks to partner suppliers Coadjute who will contact you once you have had an offer accepted on a property you wish to buy.
The cost of these checks is £54 inc vat per person. This is a non-refundable fee. These charges cover the cost of obtaining relevant data, any manual checks and monitoring which might be required.
This fee will need to be paid and the checks completed in advance of the office issuing a memorandum of sale on the property you would like to buy.
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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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 Ludworth Avenue, Marston Green
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