Stirling Road, Birmingham, B16

*Impressive Victorian Property In Edgbaston *Converted Into 5 Self Contained Flats *Easy Access Into The City Centre And Nearby Universities *Excellent Condition Throughout *Turn-Key Investment Opportunity With A Strong Yield *Viewing Essential.

Yopa is delighted to present this beautifully maintained late Victorian freehold property in Edgbaston, Birmingham retaining many original features. It has been converted into five self-contained flats and, with a very high yield, is a fantastic investment opportunity. The house has been owned by same family for 45 years and owner is only selling due to retirement.

Stirling Road is a highly sought after location just off Hagley Road with its regular bus and metro service into the city centre which is less than two miles away. Birmingham City University Edgbaston Campus is close by and there are good transport links to both Birmingham and Aston Universities. A Morrisons supermarket is less than one mile away and there are plenty of shops and health facilities within a short walking distance. The famous Edgbaston Reservoir is less than a 5-minute walk.

The house comprises 2 self-contained Studios and three self-contained one-bed flats. Current rental for 12 months (July 2023 to June 2024) is £41,760 (£3,480 pcm). This is significantly below the current market rent and is due to the tenants having been in occupation for several years with minimal rent increases. Based on the current rental market the owner would have expected to comfortably achieve an annual rental of £49,200 (£4,100 pcm) for 2024/25. Current rents are “all inclusive” including heating and water, internet, water rates and a shared washing machine in an outhouse accessible from the back garden. Note: Flat 2 has its own washer/dryer. The flats are currently occupied with tenants on Assured Shorthold Tenancies ending on 30 June 2024. All tenants have indicated they are content to leave by that date (and most will have moved well before) but Section 21 Notices have been served in any event. The house will therefore have vacant possession from July 2024. The property is in a “Selective Licencing Area” under the Housing Act 2004. The owner holds licences for all five flats permitting occupancy of up to two persons per flat. Please note: the licence is not transferable.

Further details/specifics on each flat are available on request.

Certificates:

Landlords Gas Safety certificate valid till March 2025. 

Electrical installation Condition report valid till September 2026.

Fire alarms and emergency lighting certificates valid till November 2024.

EPC Flat 1 Energy Efficiency Rating C (Valid till February 2029)

EPC Flat 2 Energy Efficiency Rating C (Valid till January 2030)

EPC Flat 3 Energy Efficiency Rating D (Valid till February 2029)

EPC Flat 4 Energy Efficiency Rating C (Valid till February 2029)

EPC Flat 5 Energy Efficiency Rating C (Valid till February 2029)

To the rear of the property is a pleasant well maintained garden with an outhouse/laundry room containing a washing machine. It is also available for bicycle storage. 

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.