Auction sale; ideal cash investor or buyer prepared to renovate and manage lease issues..
Ground-floor one-bedroom flat with lounge/diner
Resident off-street parking and communal garden
Located between Harborne Village and Bearwood High Street
Sold by modern auction — 56-day reservation, non-refundable fee
Lease c.65 years remaining — many lenders may refuse
Electric storage heating; check appliance and heating function
Service charge £1,113pa; no ground rent
Area shows higher crime and local deprivation
A ground-floor one-bedroom apartment on Hagley Road, offered at auction with immediate potential for an investor or cash buyer. The flat sits in a three-storey brick block with communal grounds and resident off-street parking. The lounge/diner and double bedroom are a practical size for rental occupancy; the fitted kitchen and bathroom are functional and ready for light updating.
Key practical strengths are the location between Harborne Village and Bearwood High Street, with shops, leisure facilities and strong transport links to Birmingham city centre, the Queen Elizabeth Hospital and the university. Broadband and mobile signals are good, and there is no immediate flood risk. Service charge is modest at £1,113pa and there is no ground rent.
Material considerations are important: the lease has about 65 years remaining which will limit mortgage options and may deter many lenders. The property is being sold by modern auction (56-day reservation) and carries a non-refundable reservation fee and buyer pack costs — suitable buyers should allow for those additional charges. Heating is via electric storage heaters, and the area records higher crime and local deprivation levels, which can affect rental demand and resale values.
This is a straightforward, compact flat for a buyer prepared to act quickly at auction and either let as-is to cover holding costs or invest in modest improvements. Its price point and location create potential for an investor targeting nearby student or key-worker demand, but buyers requiring mortgage finance should obtain lender confirmation before bidding.