6 bed end terrace house for sale

Gravelly Lane, Birmingham B23

Property description


An exceptional opportunity to acquire a fully refurbished six bedroom investment property in the heart of Erdington, offering an attractive combination of strong rental returns, long term income security, and minimal day to day management.

The property has recently undergone a comprehensive refurbishment to a high standard and is configured as six spacious bedrooms, each benefiting from its own private en suite bathroom. The accommodation is arranged with three bedrooms on the ground floor and three bedrooms on the first floor, alongside a generous communal kitchen and dining area, creating a practical layout for supported accommodation use. A useful understairs storage area further enhances the internal accommodation.

The property is currently occupied and operating within the supported accommodation sector. Upon completion, the purchaser will benefit from a new 5 year Full Repairing and Insuring (Fri) lease with an established Birmingham based supported accommodation provider operating throughout Birmingham and the wider West Midlands.

The proposed lease provides a guaranteed rental income of £37,440 per annum, equating to an approximate 10.26% gross yield based on the asking price. The lease offers a genuine hands off investment opportunity, with the tenant responsible for council tax, utility bills, and general internal repairs and maintenance throughout the lease term. The proposed rent remains fixed for the duration of the lease, with no tenant break clauses, providing investors with an exceptional level of income certainty.

Externally, the property benefits from a front garden and a substantial rear garden incorporating both paved and lawned areas, providing generous outdoor space for residents.

While currently operating as a supported accommodation investment, the property's generous proportions and traditional layout also provide future flexibility for purchasers wishing to reconfigure the property back into a substantial family home, subject to any necessary consents.

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Location & local amenities


Gravelly Lane occupies a prominent position within Erdington, one of Birmingham's most established residential and investment locations. The area benefits from a wide range of supermarkets, independent retailers, cafés, restaurants, healthcare facilities, leisure amenities, and everyday services.

A popular parade of local shops is situated just a short walk from the property, while Erdington High Street offers a broader selection of national retailers, supermarkets, banks, cafés, and restaurants. The area continues to experience strong rental demand due to its excellent transport connections and convenient access to employment centres across Birmingham.

Erdington Train Station is only a few minutes' walk away, providing regular services into Birmingham City Centre and surrounding areas. Gravelly Hill railway station is also nearby, while the A38(M), A5127, M6, and Birmingham Ring Road provide excellent road connectivity across the West Midlands.

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Additional information


* EPC Rating: D
* Council Tax Band: B
* Tenure: Freehold
* Chain Status: Chain Free
* Square Footage: Approx. 1,350 sq ft

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Investment information


* Guaranteed Rental Income: £37,440 Per Annum
* Approximate Gross Yield: 10.26% at Asking Price
* Lease: New 5 Year Fri Lease Granted Upon Completion
* Tenant Responsibilities: Council Tax, Utility Bills, General Internal Repairs & Maintenance
* Rent Reviews: None During Lease Term
* Break Clauses: None

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Viewings


Strictly by prior appointment with Property Pro.
Please do not approach the premises directly under any circumstances.

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Legal & compliance information

material information & due diligence


Property Pro has requested all relevant material information from the seller in line with the Consumer Protection from Unfair Trading Regulations 2008 and has taken reasonable steps to ensure accuracy at the time of marketing. Certain details may be subject to verification. Prospective purchasers are advised to carry out their own due diligence, including reviewing the lease documentation, investment figures, legal pack, searches, and professional enquiries before proceeding. Identification documentation will be required in accordance with the Money Laundering Regulations.
General disclaimer & misrepresentation act notice


These particulars are prepared in good faith but do not form part of any offer or contract. All descriptions, dimensions, references to condition, lease terms, rental figures, planning permissions, services, licences, and other information are provided without responsibility and should not be relied upon as statements or representations of fact. Purchasers must satisfy themselves as to the accuracy of all information through their own legal advisers and professional investigations. No employee of Property Pro has authority to make or give any representation or warranty in relation to this property. Images and marketing materials are for illustrative purposes only and may not fully represent the property.