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Enfield Close, Birmingham, West Midlands

PROPERTY TYPE

Block of Apartments

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • A COLLECTION OF 7 FLATS (6 MAISONETTES & 1 FLAT) IN ERDINGTON
  • ALL LET BELOW CURRENT MARKET VALUATION
  • SHORT LEASES THAT NEED TO BE EXTENDED
  • GREAT LOCATIONS THE HOLLY LANE, ENFIELD, GRAVELLY ESPECIALLY
  • IDEA BOOST TO ANY PORTFOLIO
  • VIEWINGS MAY NOT BE POSSIBLE

Description

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.

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

£60 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.

ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

£100

LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

47 years left

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: B

Enfield Close, Birmingham, West Midlands

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Erdington Station0.3 miles
  • Chester Road Station0.4 miles
  • Wylde Green Station1.0 miles
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About the agent

Home Property Sales, Leicester

Home Property Sales & Lettings 23 Meadvale Road Knighton Leicester LE2 3WN

Home Property Sales, Leicester

The qualified and experienced agents at Home Property Sales know that Estate Agency isn't just about prices achieved; it's also about relationships. Established in 2021, we match our clients in The Midlands with properties that fit their lifestyle and budget.

We understand that buying or selling a home isn't just a business transaction, it's a whole new beginning. That's why we offer an extensive array of services, as well as the human touch, making the process as easy and hassle-free a

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Disclaimer - Property reference HLE-70079218. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Home Property Sales, Leicester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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