Flat 73 The Blue Apartments, Broadway Plaza, 19, Francis Road, BIRMINGHAM, West Midlands, B16 8SU

Description

Long leasehold self-contained fourth floor flat Full vacant possession Location: Situated on Francis Road which is well positioned for the amenities of Birmingham City Centre to the east, the Birmingham Botanical Gardens, Summerfield Park and the City Heath Campus and University Hospital. Transport options include local bus routes, rail connections via Five ways or New Street or road links via the ring road, M5, M6, M42 and M40. Accommodation: Entrance hall, two bedrooms, reception room, kitchen, bathroom/WC, shower room/WC, balcony EPC rating: C (estimate 54m2) Council Tax Band: D Lease: To be sold on a lease for as term of 125 years (less 10 days) from 19/11/2003 at a current ground rent of £200pa To view: Strictly by arrangement with the auctioneer.

Location

Situated on Francis Road which is well positioned for the amenities of Birmingham City Centre to the east, the Birmingham Botanical Gardens, Summerfield Park and the City Heath Campus and University Hospital. Transport options include local bus routes, rail connections via Five ways or New Street or road links via the ring road, M5, M6, M42 and M40. Accommodation: Entrance hall, two bedrooms, reception room, kitchen, bathroom/WC, shower room/WC, balcony

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

The auctioneer-published rent identified in the source is approximately £200 per annum.

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: ★★★☆☆