Summary - 313 FOXDALE DRIVE BRIERLEY HILL DY5 3GX
2 bed 1 bath Flat
Starting bid £45,000 via online auction with immediate exchange available
Second-floor two-bedroom flat; living room, kitchen and bathroom
Allocated off-street parking and communal gardens
Double glazing installed; electric heating reported
Lease c.63 years remaining — mortgage lending likely refused
Service charge c.£2,247pa; ground rent £100pa
Area: high deprivation and above-average crime — affects lettability/resale
Sold as-is; refurbishment and legal pack review advised
A two-bedroom second-floor flat on Foxdale Drive offered at a low starting bid — suited to a cash buyer or investor prepared to refurbish. The layout includes an entrance hall, living room, separate kitchen, bathroom and two modest bedrooms. Allocated parking and communal gardens add practical value for tenants or future resale.
Important selling points include double glazing, off-street allocated parking and nearby good primary and secondary schools. The property will be sold via a transparent online auction with immediate exchange options; ensure you read the Legal Pack and allow for a non-refundable deposit and reservation fee in your budget.
Material drawbacks are significant: the lease has approximately 63 years remaining, which will restrict mortgage availability and likely require a cash buyer or specialist lender. Annual service charges are relatively high at £2,247 and ground rent is £100 per year. The surrounding area scores high for deprivation and above-average crime rates — factors investors should consider for letting or resale strategy.
This flat presents clear refurbishment potential for someone able to buy without standard mortgage finance. For an investor seeking a low entry price and willing to manage works and tenancy, the property could deliver upside; for owner-occupiers reliant on mortgage lending, this is unlikely to be suitable without lease extension.
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