Apartment 404, St. Martins Gate, 5, Worcester Street, BIRMINGHAM, West Midlands, B2 4BB

Description

Long leasehold fourth floor purpose built selfcontained flat requiring modernisation Full vacant possession Location: The property is situated on Worcester Street. Public transport links include Birmingham New Street mainline rail station together with a network of local bus services serving the surrounding vicinity. Road links include the A38 and A4540. Shopping amenities can be found locally within The Bullring with an extensive range of shops, bars and restaurants being found in The Arcadian. Recreational pursuits can be found locally at the open spaces of Birmingham City Centre Gardens and Cannon Hill Park. Accommodation: Two bedroom, open plan reception room/kitchen, bathroom/WC, en suite Outside: Allocated parking space EPC rating: D Council Tax Band: D Lease: Held on a long lease for a term of 135 years from 19th May 2005 (Thus having approximately 114 years remaining) To view: Strictly by arrangement with the auctioneer.

Location

The property is situated on Worcester Street. Public transport links include Birmingham New Street mainline rail station together with a network of local bus services serving the surrounding vicinity. Road links include the A38 and A4540. Shopping amenities can be found locally within The Bullring with an extensive range of shops, bars and restaurants being found in The Arcadian. Recreational pursuits can be found locally at the open spaces of Birmingham City Centre Gardens and Cannon Hill Park. Accommodation: Two bedroom, open plan reception room/kitchen, bathroom/WC, en suite Outside: Allocated parking space

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £15,000–£25,000. 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: Refurbishment & Resale. 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

Flip: ★★★★☆

BRRR: ★★★☆☆

Buy-to-Let: ★★★☆☆