Summary - Bolton Road, Birmingham, West Midlands, B10 B10 0AU
1 bed 1 bath Flat
Affordable city flat for cash buyers or investors seeking low-entry purchase.
- One bedroom second-floor flat, 431 sq ft
- 79 years remaining on lease; mortgage lenders likely to refuse
- Cash purchase advised; lease extension will incur extra costs
- Service charge £1,898.38 pa (paid half-yearly), ground rent £10 pa
- Electric room heaters; no communal gas central heating
- Area classified very deprived with high local crime levels
- Fast broadband and excellent mobile signal; good local amenities
- Compact layout limits flexibility but reduces running costs
Set on Bolton Road, this compact one-bedroom second-floor flat occupies 431 sq ft and is offered at £74,950. The building benefits from a communal entrance, double glazing and a fitted kitchen; fast broadband and excellent mobile signal make it well connected for tenants or a single occupant. Local amenities and several schools are nearby, and the property is suited to buyers able to purchase without mortgage finance.
This is a cash-purchase opportunity for investors or buyers comfortable with short-lease ownership. With 79 years remaining on the lease, many mortgage lenders may refuse to lend against this title — a lease extension would be needed to restore mortgageability and will carry additional cost and legal work. Service charge runs at £1,898.38 per year (paid half-yearly) with a nominal ground rent of £10 per annum.
The flat is electrically heated via room heaters and uses electricity as main fuel; there is no communal gas heating. The accommodation is small and straightforward, which keeps running costs lower but also limits layout flexibility. The surrounding area is classified as very deprived with high crime levels, which may affect resale values and rental demand; however, local schools and amenities could appeal to tenants seeking affordable central locations.
For an investor, the property offers low entry price and straightforward management, but factor in the lease extension cost, ongoing service charges and the potential need to upgrade heating and internal fittings. For a cash buyer wanting a compact city flat, this provides immediate occupation or lettable space with clear, material drawbacks noted.
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