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Studio for sale

£49,950 Guide price

Hagley Road, Birmingham B16

1
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Property description

Avix Business Centre are commercial serviced offices and consists of 5 storey building with beautiful skyline views from the top floor. Two million pounds were lavished to refurbish this building and restore it to its pride and glory. Avix Business Centre staff always on hand to ensure your bookings/occupancy is carried out in a friendly, approachable and professional manner. Reception services available such as typing, copying, scanning, postage, dry cleaning, shoe repairs, key cutting (service charges applicable). This list is not exhaustive and we are always exploring for more services to beadded to enhance our service quality experience.
Features:
8% net rental income for 5 years.
Only available for investment purpose for first 5 years however after 5 years, you can either renew the rental agreement with the management company or you can use/ manage / let it your self whatever you choose to do.
First year rental amount is paid in advance.
Exit strategy available after 5 years minimum at 110% of the purchase price thus offering a total secure investment.
Price £29950 is the price of one desk office, £49950 for 2 desk office, £67950 for 3 desk office and £89950 for 4 desk office. Choose the best investment opportunity.


Market activity
Average price paid £167,295 Sales 279 Current average value £199,087 (Zoopla Zed-Index) Value change £10,709 ▲ 5.69%

Property value data/graphs for B16

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £364,051 £217 4.2 £348,095
Semi-detached £261,045 £210 4.2 £263,546
Terraced £155,285 £187 3.2 £167,132
Flats £183,810 £275 1.8 £149,947

Current asking prices in B16

Average: £172,057
Avg. current asking prices in B16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £110,000
(1)
£173,532
(9)
£184,870
(24)
£287,830
(19)
£387,468
(8)
Flats £134,807
(36)
£186,888
(35)
£224,158
(6)
- -
All £134,136
(37)
£184,156
(44)
£192,728
(30)
£287,830
(19)
£387,468
(8)

Current asking rents in B16

Average: £763 pcm
Avg. current asking prices in B16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £448 pcm
(30)
£690 pcm
(12)
£824 pcm
(9)
£738 pcm
(15)
£1,155 pcm
(12)
Flats £574 pcm
(105)
£978 pcm
(71)
£1,266 pcm
(12)
£1,559 pcm
(4)
£2,674 pcm
(1)
All £546 pcm
(135)
£937 pcm
(83)
£1,077 pcm
(21)
£910 pcm
(19)
£1,272 pcm
(13)

Fun facts for B16

Highest value in B16
Highest value streets Zed-Index
Vernon Road £416,191
Manor Road North £373,027
Selwyn Road £340,770
Clarendon Road £335,031
Roebuck Road £308,198
Highest turnover in B16
Highest turnover streets Turnover
Deer Park Road 41.7%
Ascot Close 36.4%
Ashton Croft 32.0%
Holly Road 30.8%
Newnham Road 30.0%

What Zoopla users think of Edgbaston

Overall rating:

  • currently 4 stars
Very good - 82% (162 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Edgbaston:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Five Ways (0.5 miles)
  • Birmingham New Street (1.2 miles)
  • Jewellery Quarter (1.3 miles)
  • Birmingham International Airport (7.5 miles)
  • Coventry Airport (20.0 miles)
  • East Midlands Airport (35.3 miles)
  • Sharpness Old Docks (56.8 miles)
  • Lydney Harbour (58.2 miles)
  • Bristol Docks Ferry Landing (74.7 miles)

Nearby schools

View all schools in Birmingham
  • St George's Church of England Primary School (0.2 miles)
  • St John's and St Peter's CofE Academy (0.4 miles)
  • Hallfield School (0.4 miles)
  • Mander Portman Woodward Independent College (0.2 miles)
  • Blackwater Academy (1.1 miles)
  • Sporting Edge Independent School (1.2 miles)
  • St George's School Edgbaston (0.3 miles)
  • Edgbaston High School for Girls (0.4 miles)
  • Perry Beeches III the Free School (0.7 miles)
Note: Distances are straight line measurements

Local info for Birmingham

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For more information about this property, please contact
Fraser Properties, IG11 on 020 8033 9433 * (local rate)

Monthly running costs Beta

£249 Monthly total
Mortgage
Purchase price
Deposit (10%) 4,995
Repayment term 25
Interest rate 0.5
Your payment £159 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £21/mo (£252/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £18 Electricity £27 Estimated energy cost £45/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6100 kWh/year
Electricity: 2000 kWh/year

Source: National Energy Efficiency Data Framework

Water Supply £9 Sewerage £15 Estimated water cost £24 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Fraser Properties about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Fraser Properties, and do not constitute property particulars. Please contact Fraser Properties for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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