0 bed (for sale) Winson Green Road, Birmingham B18

£1,650,000
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The Online Property Agency
Sovereign Court, Graham Street, Birmingham
0121 659 2987
First Published

4th Apr 2021

Last Published

4th Apr 2021

 

Features

  • Type:
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Description


The opa are pleased to present this unique opportunity to acquire a 37 Bedroom, ready made investment opportunity – Let on a 5 Year Lease to Social Housing generating a rental income of £153,660 p.a / £12,805 pcm.

The property is set over three floors, and has undergone a full renovation to a very high specification and designed to create a practical living accommodation. The property has 37 rooms plus two offices, 18 rooms are en-suite and 19 come with shared bathroom facilities. There are a total of four kitchens, plus a kitchenette and three bathrooms and two communal shower rooms. The property also benefits from staff wc and staff kitchen and three communal rooms.


Planning


See planning details below.

2019 2019/05433/pa - Approve subject to Conditions 05-11-2019 Erection of 2.5 storey side extension to accommodate additional 18 no. Bedrooms with associated facilities to an existing hostel (Sui Generis) with associated parking

2016 2016/01435/pa - Approve subject to Conditions 14-06-2016 Change of use from community centre (use Class D1) to a hostel for the homeless (Sui Generis) containing 20 bedrooms with associated facilities, parking and amenity area.


Location


The property is centrally and conveniently located within easy reach of Handsworth, Hockley and approx. 2.5 miles to Birmingham City Centre. The property benefits from excellent transport links for road and public transport.


Tenure


The property is freehold and is let on a 5 Year Lease to Social Housing generating a rental income of £153,660 p.a / £12,805 pcm.


Viewings


Please contact The Online Property Agency for viewings.


Buyers fee


Buyer's Reservation Fee of 2% of The Purchase Price.

T&Cs apply.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2: These particulars do not constitute part or all of an offer or contract.

3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.

4: Potential buyers are advised to recheck the measurements before committing to any expense.

5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them;

6: No persons in the employment of The opa has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale

Misrepresentation Act 1967: The opa for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.

 

Local info for B18

Floor plan

 

Property Value Data/Graphs for B18

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 51.3% £220,707 1.7 1.3
Terraced house 26.3% £123,876 2.5 0.9
End terrace house 7.5% £168,667 2.8 1.2
Semi-detached house 3.8% £135,483 2.7 0.3
Maisonette 2.5% £104,475 1.5 1
Other 2.5% £92,500 0.5 0.5
Detached house 2.5% £212,000 3 2
Studio 1.3% £150,000 0 1
Block of flats 1.3% £1,900,000 0 0
Town house 1.3% £585,000 3 3

Area Information

Average Price Paid

£155,755

Sales

921

Current Average Value

£206,522

Value Change

£50,767 32.6%

 

Current Asking Prices in B18 Average: £206,522

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £105,000 (1) £109,263 (15) £181,869 (16) £240,000 (1) £240,000 (1)
Flats £170,093 (15) £231,446 (27) £457,500 (1) - -
All £166,025 (16) £187,809 (42) £198,082 (17) £240,000 (1) £240,000 (1)

Nearby Properties

0 bed Land () Suttons Drive, Great Barr B43 £7,000,000
0 bed () Moor Street, Brierley Hill DY5 £3,599,999
7 bed Detached house () Ladywood Road, Four Oaks, Sutton Coldfield B74 £3,000,000
8 bed Detached house () Beech Court, Wellington Road, Edgbaston, Birmingham, West Midlands B15 £2,995,000
5 bed Detached house () The Compound, Water Street, Birmingham B3 £2,750,000
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