Summary - Flat 1, 440, Chester Road North, SUTTON COLDFIELD B73 6RG
2 bed 1 bath Flat
Low-entry two-bed flat with refurbishment potential — cash buyers or experienced investors only..
Guide price £10,000 — sold at public auction, exchange on fall of hammer
Vacant possession on completion; no internal viewings permitted
Approx 606 sq ft; two bedrooms, reception/dining room, bathroom
Approximately 58 years remaining on lease — likely lender refusal
Requires full modernisation; sold as-in-need-of-renovation condition
Double glazing installed; mains gas boiler and radiators present
EPC rating D; Victorian mid-terrace above retail unit
Area crime level reported as very high — affects insurance/letting
Set above a ground-floor retail unit, this two-bedroom first-floor flat offers 606 sq ft of traditional Victorian character and clear refurbishment potential. It comes vacant with double glazing, mains gas heating and an EPC rating of D — a straightforward project for a hands-on buyer or cash investor prepared to modernise.
Important: the lease has approximately 58 years remaining. That limited term is likely to prevent most mortgage lenders from lending, so this lot is best suited to cash buyers or investors experienced in short-lease acquisitions and lease-extension arrangements. The property will be sold at public auction; successful bidders must exchange on the day and factor in the administration fee and any costs set out in the legal pack.
Practical details you should note: internal viewing is not available (external viewings only), and the flat is advertised as needing renovation. The building is a mid-terrace Victorian conversion above a shop in a busy urban location with excellent mobile and fast broadband — useful for HMOs or rental lets — but crime levels in the area are reported as very high, which will affect lettability and insurance costs.
If you are an investor or a buyer looking for a low entry price, this lot offers clear upside through refurbishment or lease extension, but it requires upfront cash, careful legal checks, and a mitigation strategy for local safety and lending limitations.
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