Apartment 303, 2, Townsend Way, BIRMINGHAM, West Midlands, B1 2RT

Description

Leasehold third floor flat Location: The property is located on Townsend Way which lies off Edward Street. A comprehensive range of shops, bars and restaurants can be found within Birmingham City Centre. Public transport links are available at Birmingham New Street Train Station located to the south east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A38 lying to the east and the A4540 located to the west. Recreational pursuits can be found at Peace Snell Park lying to the west. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room, kitchen, bathroom/wc Outside: Balcony, allocated parking EPC Rating: D Council Tax Band: E Lease: Held on a lease for a term of 125 years from 01/01/2003 at a ground rent of £TBC per annum. To view: By arrangement with the auctioneers.

Location

The property is located on Townsend Way which lies off Edward Street. A comprehensive range of shops, bars and restaurants can be found within Birmingham City Centre. Public transport links are available at Birmingham New Street Train Station located to the south east along with a network of local bus services serving the surrounding areas. The property is served by road links including the A38 lying to the east and the A4540 located to the west. Recreational pursuits can be found at Peace Snell Park lying to the west. Accommodation: Principle bedroom with en-suite, one further bedroom, reception room, kitchen, bathroom/wc Outside: Balcony, allocated parking

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆