0 bed Block of flats (for sale) Handsworth Wood Road, Birmingham B20

£649,999
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The Online Property Agency
Sovereign Court, Graham Street, Birmingham
0121 659 2987
First Published

9th Sep 2021

Last Published

9th Sep 2021

 

Features

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

Description

Description


Are you looking for a ready made investment property?

The opa are pleased to present this rare opportunity to acquire this substantial three storey block of investment flats situated on the highly sought after Handsworth Wood Road

The flats are fully renovated, providing an extremely high standard of accommodation throughout and boast a modern and contemporary finish.

Three of flats are rented although they are due for a rental increase. The remaining two flats are in the final stages of renovation and should be rented shortly. The flats should generate a rental income of around £550-£600 pcm.


Location


The property fronts Handsworth Wood Road within an established and popular residential neighbourhood.

This property is also close to local amenities in particular local retail shops, gyms, doctor surgeries, school and restaurants.


Tenure


The property is freehold and is being sold subject to the following tenancies:

No. 1 (One Bedrooms) £450 pcm (£6,000 pa)

Tenancy Due to be increased to £500pcm

No. 2 (Studio) £375 pcm

Tenancy Due to be increased to £500pcm

No. 3 (One Bedroom) Vacant – Under Renovation

£600pcm Estimated Potential Rent

No. 4(One Bedrooms) £480pcm

Tenancy Due to be increased to £525

No. 5 (One Bedroom) Vacant – Under Renovation

£600pcm Estimated Potential Rent


Viewings


Viewings will be limited as the property is tenanted. Please contact The Online Property Agency for viewings.

Buyers Fee

Buyer's Reservation Fee of 2% of The Purchase Price. T&Cs apply.

The opa’s “Secure It Now Exclusivity Package”

This property is being offered under The opa’s “Secure It Now Exclusivity Package”

This is an innovative secure and straightforward way to purchase this property.

Here are the benefits for you:

• Secure your dream property straight away

• Properties are realistically priced

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• Focuses on speed

• Mortgage buyer friendly

• Suitable for first time buyer

• Mortgage buyers and cash buyers compete on equal terms

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale.

You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ of 2% which includes :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping and the

• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach.

• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 - Register your interest

Step 2 - Sort out your finances

Step 3 - Arrange a viewing / Virtual Tour

Step 4 - Make an offer

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 - Exchange and completion

Next Steps – Do Not Miss Out -

Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

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.

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

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 B20

Floor plan

 

Property Value Data/Graphs for B20

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Semi-detached house 33.7% £280,394 3.9 1.2
Detached house 25% £463,960 5 1.7
Terraced house 23.1% £207,494 3.7 1.4
Flat 10.6% £84,032 1.7 1
Maisonette 1.9% £79,000 1 1
Other 1.9% £407,500 3 1
End terrace house 1.9% £384,975 4.5 2
Bungalow 1% £175,000 1 1
Link-detached house 1% £310,000 4 1

Area Information

Average Price Paid

£203,840

Sales

1333

Current Average Value

£288,547

Value Change

£84,707 41.6%

 

Current Asking Prices in B20 Average: £288,547

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £175,000 (1) £154,279 (7) £239,674 (31) £313,997 (16) £359,369 (16)
Flats £73,490 (5) £89,363 (8) - - -
All £90,408 (6) £119,657 (15) £239,674 (31) £313,997 (16) £359,369 (16)

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0 bed () Moor Street, Brierley Hill, Birmingham DY5 £3,599,999
0 bed () Melvina Road, Birmingham B7 £3,499,999
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