Enfield Close, Birmingham, West Midlands

For Sale £700,000

2 1 1
Im delighted to bring to the market a portfolio of Letting properties in the Erdington area, the area its self is a great area ideal for first time buyers and renters alike. These properties do have short leases but on extension they will increase in value. The portfolio has been self managed by the current owner and is well below market value with a current return a still impressive 6.4% but with potential to boost this to over 10%.

This portfolio is an ideal purchase for a new investor or someone wanting to add 7 in one go.

If you have any questions simply reach out and ask away.

Council tax bands
All A with the exception of Holly Lane

Selective Licensing.
Oddingley court is the only property in the 7 that will need a Birmingham Council Selective license

EPC
Some are missing and now booked they are as follows
287 Gravelly Lane D
3 Enfield Close E
34 Enfield Close F (we have rebooked to check)
42 Enfield Close D

13 Oddingly Court
124 Holly Lane (all 3 booked in)
60 Enfield Close

Leases

287 Gravelly Lane 36 Remaining
3 Enfield Close 47 Remaining
34 Enfield Close 47 Remaining
42 Enfield Close 47 Remaining
13 Oddingly Court 65 Remaining
124 Holly Lane 41 Remaining
60 Enfield Close 47 Remaining

Of the above leases the only cheap one will be Oddingley Court Please make your own equities to the cost of the leases and the exact length prior to entering into a contract with the owner.

Further info is available on request.
  • A COLLECTION OF 7 FLATS (6 MAISONETTES & 1 FLAT) IN ERDINGTON
  • ALL LET BELOW CURRENT MARKET VALUATION
  • SHORT LEASES THAT NEED TO BE EXTENDED
  • GREAT LOCATIONS THE HOLLY LANE, ENFIELD, GRAVELLY ESPECIALLY
  • IDEA BOOST TO ANY PORTFOLIO
  • VIEWINGS MAY NOT BE POSSIBLE
EPC Graph for Enfield Close, Birmingham, West Midlands

Book a FREE valuation

Find out how much your property is worth