7 bed semi-detached house for sale

Anderson Road, Birmingham B23

*** new instruction***

Genie Homes are excited to represent Anderson Road in Birmingham, this impressive semi-detached house presents a remarkable investment opportunity. Spanning an expansive 1,977 square feet, the property boasts six well-proportioned studio apartments with two shared bathrooms and one spacious self-contained loft apartment en-suite, making it ideal for both residential and rental purposes. (Potential to add en-suite bathrooms to the studio rooms, offering scope to increase rental value and tenant desirability) The property benefits from a current HMO licence.

What truly sets this property apart is its unique this versatile layout not only caters to a variety of living arrangements but also offers significant income potential. Currently generating an income of £21,600, (4 units are presently occupied) the property has the capacity to yield up to £40,000, making it an attractive prospect for savvy investors.

The location benefits from excellent transport links, ensuring easy access to Birmingham's vibrant city centre and surrounding areas. This connectivity enhances the appeal for potential tenants, further solidifying the property's investment potential.

Moreover, the absence of an upward chain simplifies the purchasing process, allowing for a swift transition into ownership. Whether you are looking to expand your property portfolio or seeking a lucrative rental opportunity, this residence on Anderson Road is not to be missed. With its combination of spacious living, income potential, and prime location, it stands as a compelling choice for discerning buyers.

Property Description

Spacious Multi-Unit Investment Opportunity (property benefits from a current HMO licence 7 households or 8
persons .)

This expansive property spans an impressive 1,977 square feet and is thoughtfully arranged over three floors, each with its own distinct layout tailored to suit the needs of working professionals. With a total of six studio apartments, a self-contained unit, this residence presents a fantastic investment opportunity with strong rental potential.

Ground Floor
The ground floor comprises three generously sized studio apartments, a W/C, and access to a substantial rear garden.

Studio 5 (Front Aspect):
Large bay window, carpeted flooring, storage heater, ceiling light, kitchenette with base units and fridge freezer.
4.50m x 3.86m (14'9" x 12'8")

Studio 6 (Rear Aspect):
Double glazed window, carpeted flooring, storage heater, ceiling light, kitchenette with base units and fridge freezer.
4.00m x 3.82m (13'1" x 12'6")

Studio 7 (Rear Aspect):
Double glazed window, carpeted flooring, storage heater, ceiling light, kitchenette with base units.
4.57m x 3.48m (15'0" x 11'5")

Downstairs W/C:
Low-level W/C, wash basin, ceiling light.

Entrance Hall:
Provides access to Studios 5,6, and 7, the W/C, and stairs leading to the first floor.

First Floor
The first floor hosts three additional studio apartments and a shared bathroom.

Studio 2 (Front Aspect):
Large bay window and additional window, carpeted flooring, storage heater, ceiling light, kitchenette with base units, fridge/freezer electric oven.
4.57m x 3.48m (15'0" x 11'5")

Studio 3 (Rear Aspect):
Double glazed window, carpeted flooring, storage heater, ceiling light, kitchenette with base units & fridge/freezer.
4.00m x 3.82m (13'1" x 12'6")

Studio 4 (Rear & Side Aspect):
Double glazed windows, carpeted flooring, storage heater, ceiling light, kitchenette with base units.
3.82m x 3.48m (12'6" x 11'5")

Bathroom:
Frosted side window, vinyl flooring, panelled bath with overhead shower, low-level W/C, wash basin, and ceiling light.

Second Floor – Self-Contained Loft Apartment
The top floor boasts a spacious self-contained loft apartment with en-suite bathroom, ideal for flexible living or as an additional rental unit.

Apartment 1
A bright and well-appointed space featuring double-glazed eaves windows to both front and rear aspects, carpeted flooring, storage heater, ceiling light, and ample power points. The open-plan layout includes a fitted kitchen with base units, electric oven, and fridge freezer, en-suite bathroom consist of shower, hand basin & low level w/c.
7.40m x 5.56m (24'3" x 18'3")

Key Features
Total floor area: 1,977 sq. Ft.

6 modern studio apartments + 1 large self-contained loft apartment

Generous rear garden

Ideal layout for HMO or multi-let investment

Excellent rental yield potential

Council Tax Band D – Birmingham City Council

HMO Licensed (Licence Number: R20168)

EPC Valid until 14th May 2035

Area Description - Erdington

Erdington is a suburb of Birmingham, located in the West Midlands region of England. It is situated approximately 6 miles north of the city centre and is easily accessible by public transport, including buses and trains.

Erdington has a range of local amenities including supermarkets, restaurants, and shops. There are also several parks and green spaces in the area, including Erdington Park and the Sutton Park. The suburb has a number of cultural and recreational facilities, including the Erdington Library and the Erdington Leisure Centre.

Erdington boasts excellent transport links, making it a highly accessible location. The area benefits from its own railway station, as well as nearby Gravelly Hill station, both offering regular services to Birmingham City Centre and destinations across the West Midlands. A wide range of bus routes serve the suburb, providing convenient connections to Birmingham and Sutton Coldfield. For motorists, the area offers superb access to the M6, M5, and M42 motorways.

Buyer Fee And Reservation

Genie Homes pride ourselves on our simple and secure buying process.

This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price. (2% + buyer fee is payable in two instalments : The first to secure the property, and the second upon completion.)

Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.

Once you have viewed the property, we will ask you for feedback.

If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market within 2 working days of your offer.

Please note: Should the property purchase not complete, the reservation fee will be refundable in only these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)

The benefits of a buyers fee to the buyer are:

- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.

- This approach allows you to secure the property and start the conveyancing process
quickly.

- Reservation of the property removes the element of competitive bidding and also the possibility of being
gazumped.

- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.

All of these elements provide peace of mind from the outset, along with our personal and proactive approach.

We look forward to hearing from you soon.

Disclaimer

These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.

Tenure - Freehold

Possession - Tenanted

Viewings - Strictly by appointment through Genie Homes