Summary - 5, Chestnut Road B13 9AJ
2 bed 1 bath Maisonette
Chain-free, spacious maisonette with refurbishment and lease-length considerations for cash buyers.
- Chain free two-bedroom duplex maisonette with private entrance
- Large overall size, high ceilings and period features
- Current AST in place; S13 served to increase rent to £900pcm (subject to legal confirmation)
- Lease approx. 55 years — lenders likely to refuse mortgages
- Annual service charge £1,629.87; ground rent £25
- Electric storage heating; double glazing where specified
- Solid brick walls likely uninsulated; needs modernisation
- Located near Moseley Village amenities but in a high-crime, very deprived area
A spacious two-bedroom duplex maisonette in a Victorian mid-terrace near Moseley Village, offered chain free and with a current AST in place. The property has generous room proportions, high ceilings and a private entrance, plus communal gardens to the rear. Electric storage heating and double glazing are installed where specified.
The lease has approximately 55 years remaining. This is a material issue: many high-street mortgage lenders will refuse to lend against this length of lease, so purchase is most suitable for a cash buyer or an investor prepared to arrange specialist lending or extend the lease. Annual service charge is £1,629.87 and ground rent is £25.
The maisonette requires some modernisation — interiors and finishes are dated and the solid-brick construction likely lacks wall insulation. These factors create clear refurbishment potential to increase rental value or resale price, but budget accordingly for upgrades and possible works. Note the property sits in a high-crime, very deprived area of a major conurbation, which may affect tenant demand and resale premium despite proximity to local amenities and transport links.
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