Summary - Cardinal Close, Birmingham, B17 B17 8EU
1 bed 1 bath Apartment
Compact investment near transport and fast broadband for city-edge rental demand.
Allocated off-street parking space included\nCompact studio footprint — approximately 365 sq ft\nLeasehold with ~83 years remaining — requires extension soon\nService charge circa £1,315.92 per annum\nElectric storage heating — potentially higher running costs\nFast broadband and excellent mobile signal; EPC rating C\nNo flood risk; modern build (2003–2006) with double glazing\nArea classified as very deprived with higher local crime levels
A compact first-floor studio with allocated parking, presented as a straightforward investment opportunity close to transport links into Birmingham city centre. At about 365 sq ft the layout combines living and sleeping space with a fitted kitchen and bathroom, suitable for single occupancy or a rental let aimed at professionals or students.
Key financials are clear: guide price £100,000, service charge around £1,315.92 per year and a lease with approximately 83 years remaining. The short lease is the principal drawback — it will need attention soon and could affect mortgageability and saleability until extended.
Practical considerations: heating is by electric storage heaters and the property sits in a very deprived area with higher local crime levels, which may influence tenant demand and insurance costs. Positively, there is allocated off-street parking, fast broadband and excellent mobile signal, plus no flood risk and an EPC rated C.
This is best suited to an investor seeking a low-maintenance, city-edge buy-to-let with immediate rental potential, or a first-time buyer comfortable managing the lease extension process. Costs for extending the lease and potential higher running costs from electric heating should be factored into purchase calculations.
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