0 bed Block of flats (for sale) Grove Avenue, Moseley B13

£525,000
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Superior Estates Ltd
9 St. Marys Row, Moseley, Birmingham
0121 721 8591
First Published

9th Sep 2020

Last Published

10th Sep 2020

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Summary:
Excellent opportunity to purchase an investment property with six separate units in the heart of Moseley, the property is situated off Wake Green Road and has good public transport to the City Centre, Kings Heath high Street with off road parking and a communal garden for the tenants.

Location:
The property is situated on Grove Avenue and off Wake Green Road running through Moseley Village within close proximity into City Centre and has good public transportation links.

Rental information:

Flat 1 Studio £400.00 P.C.M
Flat 1A1 bedroom £475.00 P.C.M
Flat 2 1 Bedroom £550.00 P.C.M
Flat 4 Studio £300.00 P.C.M
Flat 5 Studio £375.00 P.C.M
Flat 6 1 Bedroom £525.00 P.C.M

All apartments are let out on an Assured Shorthold Tenancy Agreement and the current rental income per annum is £31,500.00

EPC; Rating; e-124

VAT:
We understand that VAT is not payable on this purchase.

Tenure:
We are advised that the property is freehold however at the time of preparing these details we have not examined the title deeds. Therefore the tenure of the property has not been verified. Prospective purchasers are requested to ask their legal advisor to verify the tenure of this property.

Property misdescriptions act 1991

These particulars have been prepared as a general outline only and all measurements are approximate. Superior Estates cannot guarantee the accuracy of any measurements or descriptions contained in these particulars and any prospective purchaser should satisfy himself or her self to the accuracy on the information contained. Superior Estates has not tested any of the appliances or fixture and fittings mentioned in these particulars. Any prospective purchasers should satisfy themselves that any such items are in full working order. These particulars do not form part of the contract of sale and may be subject to errors and/or omissions.

Tenure:
We are advised that the property is (Freehold) however at the time of preparing these details we have not examined the title deeds. Therefore the tenure of the property has not been verified. Prospective purchasers are requested to ask their legal advisor to verify the tenure of this property.

Services:
We understand that all mains drainage, gas, electricity and water are connected but all interested parties should obtain verification through their solicitors or surveyors.

Fixtures & fittings:
Only those items mentioned in these particulars are included in the sale, all other items are excluded or may be negotiable by separate agreement with the vendor. The fixtures and fittings and appliances referred to have not been tested therefore cannot be guaranteed that they are in working order

viewings:
All viewings are strictly through Superior Estates Ltd, please contact the office on or email, to arrange a viewing.

Measurements:
All measurements & floor plans are approximate and quoted for general guidance only; whilst every attempt is made to ensure accuracy they must not be relied upon and do not form any part of the contract.

Property:
In order to purchase this property or to sell your property please contact our sales team on, we will be pleased to carry out a free sales valuation and discuss current market value, along with our fees and services to you.

Lettings:
If you would like to rent your property out, or alternatively rent a property from us, contact our lettings department on .

Mortgages:
We will be very pleased to ask our Mortgage consultant to discuss your mortgage requirements. Simple, impartial, personal services in a complex world – they have all access to lenders and life companies.

No persons in the employment of superior estates has the authority to give representation or warrenty in relation to this property.

 

Local info for B13

 

Property Value Data/Graphs for B13

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 34.5% £164,171 1.7 1.1
Semi-detached house 18.1% £441,324 4 1.2
Terraced house 17.3% £300,096 3.3 1.5
Detached house 16.4% £556,828 4.5 1.6
Other 4% £286,650 2.4 1.7
Town house 3.5% £446,550 3.9 2.6
End terrace house 3.1% £272,143 3.4 1.4
Link-detached house 1.3% £353,317 3.3 1.3
Bungalow 0.4% £350,000 3 2
Mews house 0.4% £219,950 2 1
Studio 0.4% £79,500 1 1
Maisonette 0.4% £155,000 2 1

Area Information

Average Price Paid

£255,521

Sales

2908

Current Average Value

£323,574

Value Change

£68,053 26.6%

 

Current Asking Prices in B13 Average: £323,574

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £106,500 (3) £201,165 (17) £290,217 (55) £478,417 (26) £598,541 (32)
Flats £105,178 (28) £195,007 (48) £218,332 (3) - -
All £105,306 (31) £196,618 (65) £286,499 (58) £478,417 (26) £598,541 (32)

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5 bed Detached house () 8 The Orchards, Four Oaks Estate, Sutton Coldfield, West Midlands B74 £4,000,000
5 bed Detached house () Hedge House, Knowle, Solihull B93 £3,500,000
7 bed Detached house () Wellington Road, Edgbaston, Birmingham B15 £3,500,000
6 bed Detached house () Lapworth Street, Lapworth, Solihull B94 £3,000,000
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