Our Summary

Rare multi-unit residential investment opportunity

Prominent position on Lichfield Road offering potential alternative uses (STPP)

The building comprises three well-proportioned flats currently producing a combined rental income of £30,960 per annum, offering immediate income alongside clear potential for rental growth

Similar two-bedroom flats within the area are achieving in the region of £1,100 per calendar month, creating the potential for a future income approaching £39,600 per annum once rents are optimised

Extending to approximately 2,252 sq ft of internal accommodation, the building may also present a range of asset management, redevelopment or alternative use opportunities, including potential residential reconfiguration or commercial use, subject to obtaining the necessary planning consents

Investment SummaryCurrent Rental Income: £30,960 per annumPotential Rental Income: Circa £39,600 per annum (subject to market conditions)The property offers an attractive income-producing opportunity in an affluent and sought-after residential location with potential for further rental optimisation and long-term capital growth

Description

The property is a block of three self-contained residential flats located in Four Oaks, Sutton Coldfield, extending to approximately 2,252 sq ft in total. The building comprises three well-proportioned flats: Flat A, a ground floor two-bedroom flat with approximately 798 sq ft, including a living room, dining room, kitchen, and bathroom; Flat B, a first floor two-bedroom flat with approximately 752 sq ft, including a living room, eat-in kitchen, bathroom, and hallway; and Flat C, a second floor two-bedroom flat with approximately 702 sq ft, including a kitchen and bathroom. Each flat has a different EPC rating and Council Tax Band.

6 bed semi-detached house

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Our Summary

Description