Various Address' in Erdington with 4 being on Enfield Close B23
7 Separate flats
Potential income £5950pcm
Will Increase in Value
Currently Fully Let
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A COLLECTION OF 7 FLATS (6 MAISONETTES & 1 FLAT) IN ERDINGTON
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ALL LET BELOW CURRENT MARKET VALUATION
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SHORT LEASES THAT NEED TO BE EXTENDED
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GREAT LOCATIONS THE HOLLY LANE, ENFIELD, GRAVELLY ESPECIALLY
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IDEA BOOST TO ANY PORTFOLIO
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VIEWINGS MAY NOT BE POSSIBLE
Im delighted to bring to the market a portfolio of Letting properties in the Erdington area, the area its self is a great area ideal for first time buyers and renters alike. These properties do have short leases but on extension they will increase in value. The portfolio has been self managed by the current owner and is well below market value with a current return a still impressive 6.4% but with potential to boost this to over 10%.
This portfolio is an ideal purchase for a new investor or someone wanting to add 7 in one go.
If you have any questions simply reach out and ask away.
Council tax bands
All A with the exception of Holly Lane
Selective Licensing.
Oddingley court is the only property in the 7 that will need a Birmingham Council Selective license
EPC
Some are missing and now booked they are as follows
287 Gravelly Lane D
3 Enfield Close E
34 Enfield Close F (we have rebooked to check)
42 Enfield Close D
13 Oddingly Court
124 Holly Lane (all 3 booked in)
60 Enfield Close
Leases
287 Gravelly Lane 36 Remaining
3 Enfield Close 47 Remaining
34 Enfield Close 47 Remaining
42 Enfield Close 47 Remaining
13 Oddingly Court 65 Remaining
124 Holly Lane 41 Remaining
60 Enfield Close 47 Remaining
Of the above leases the only cheap one will be Oddingley Court Please make your own equities to the cost of the leases and the exact length prior to entering into a contract with the owner.
Further info is available on request.
EPC's For the Properties
Area - Erdington
Erdington is a suburb located in the northeastern part of the city of Birmingham, England. It is a diverse and vibrant area that has undergone significant regeneration in recent years. The area has a population of around 30,000 people and is a popular residential area for families, young professionals, and students.
Erdington has a wide range of shops, restaurants, and cafes, with many independent retailers and businesses. There are also several large supermarkets and retail parks in the area, providing ample shopping opportunities.
The area is well-served by public transport, with several bus routes and a train station providing easy access to other parts of Birmingham and the surrounding areas. Erdington also has a number of green spaces, including Pype Hayes Park and the River Tame, providing opportunities for outdoor activities and relaxation.
Overall, Erdington is a bustling and diverse area with plenty to offer, making it a great place to live or visit.