0 bed Block of flats (for sale) Stanmore Road, Edgbaston B16

£700,000
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Rooster Property
11 St Pauls Square, Birmingham
0121 721 9573
First Published

16th May 2022

Last Published

16th May 2022

 

Features

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

Description

Fantastic Buy to let investment opportunity, to acquire this Block of six flats on Stanmore Road in Edgbaston in Birmingham. Within this purchase the Freehold is also included. This block of occupied flats consists of five one bedroom flats and one two bedroom flat. The annual rental return is 5.8%. Upon entering the building there are three flats on the ground floor with a basement area where currently all electric meters are situated. Moving up to the first floor are a further two flats with the biggest flat occupying the second floor of the building. This building is managed by the owner of the building and there is no service charge or ground rent to pay as you will also become the freeholder of the building. The property further benefits from off road parking and rear garden. There is further development opportunity to extend the property and also convert other areas into additional flats. To arrange a viewing please contact a member of The Rooster Property Sales team.

 

Local info for B16

 

Property Value Data/Graphs for B16

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 68.5% £188,548 1.6 1.2
Terraced house 9.9% £265,821 3.6 1.1
Semi-detached house 6.8% £330,750 4 1.3
Detached house 4.5% £431,308 4.2 1.7
Studio 4.5% £104,992 0 1
End terrace house 2.4% £201,429 2.6 1.1
Other 1.7% £332,000 3.4 2
Block of flats 1% £282,333 3.3 0
Town house 0.7% £459,975 4 2

Area Information

Average Price Paid

£0

Sales

0

Current Average Value

£218,638

Value Change

£218,638 0%

 

Current Asking Prices in B16 Average: £218,638

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £269,983 (3) £198,333 (6) £253,341 (29) £338,333 (15) £410,495 (20)
Flats £140,428 (90) £217,887 (94) £289,258 (14) £270,000 (2) £325,000 (2)
All £144,607 (93) £216,714 (100) £265,035 (43) £330,294 (17) £402,723 (22)

Nearby Properties

0 bed Land () Suttons Drive, Great Barr B43 £7,000,000
7 bed Detached house () Bradford Lane, Belbroughton, Stourbridge, Worcestershire DY9 £4,500,000
6 bed Detached house () Roman Road, Little Aston, Sutton Coldfield B74 £2,950,000
6 bed Detached house () Edgbaston, Birmingham B15 £2,799,500
5 bed Detached house () Rosemary Hill Road, Sutton Coldfield B74 £2,750,000
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