High Street, Erdington, Birmingham
By Burchell Edwards
£ 325,000
Reviews
2 out of 5 stars
Burchell Edwards says ..
READY-MADE HIGH-YIELD FREEHOLD ON ERDINGTON HIGH STREET. COMMERCIAL UNIT LET ON A FIVE-YEAR LEASE PLUS TWO SELF-CONTAINED ONE-BED FLATS ABOVE. APPROXIMATE ANNUAL RENTAL INCOME £38,600. STRONG FOOTFALL LOCATION, EXCELLENT TRANSPORT LINKS, AND CONSISTENT TENANT DEMAND. IDEAL HANDS-OFF MIXED-USE INVEST
Property Oracle says ..
This end-of-terrace property on High Street, Erdington, presents a mixed bag of opportunities and challenges. Its high street location offers excellent access to amenities and transport, making it convenient for daily living. However, this also means potential drawbacks like noise and traffic. The property features two bedrooms and two bathrooms. The interior condition suggests that it requires some renovation to bring it up to modern standards. A unique feature is the roof terrace, although it could benefit from improvements to enhance its appeal. The asking price of £325,000 appears reasonable given the location and property type, but the condition warrants consideration and potential negotiation.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 4
- Location
- 6
- Land
- 3
- Bedrooms
- 2
- Bathrooms
- 2
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Metrics Year-on-Year
- Average area value
- 257,097.00 £Decreased by 8.25 %
- Average area rental value
- 956.00 £/moIncreased by 1.92 %
- Est rental Yield
- 4.46 %Increased by 10.95 %
- Crime Rate
- 30.00 %Unchanged by 0.00 %
Agent Activity
Burchell Edwards created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Imedia School | Other Independent School | Requires improvement | 0.35 KM |
| Osborne Primary School | Academy Sponsor Led | 0.58 KM | |
| Queensbury School | Academy Special Sponsor Led | 0.65 KM | |
| Osborne Nursery School | Local Authority Nursery School | Good | 0.65 KM |
| Highclare School | Other Independent School | 0.78 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Reservoir Road | £ 80,000 | 0 | 0.00 KM |
| Oakfield Road | £ 0 | 0 | 0.00 KM |
| Oakfield Road | £ 81,800 | 0 | 0.00 KM |
| The Limes | £ 309,975 | 0 | 0.00 KM |
| Cecil Road | £ 305,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Erdington | 1041 | ERD | 0.65 KM |
| Gravelly Hill | 1132 | GVH | 1.54 KM |
| Chester Road | 1130 | CRD | 1.73 KM |
| Wylde Green | 1138 | WYL | 2.78 KM |
| Aston | 1004 | AST | 3.99 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| High Street, Erdington, Birmingham | £ 325,000 | BUY | 5 / 10 | 0.00 KM |
| Gloucester House, Church Lane, Erdington, B24 9AY | £ 95,000 | BUY | 5 / 10 | 0.14 KM |
| Newman Road, Birmingham, West Midlands, B24 | £ 200,000 | BUY | 5 / 10 | 0.15 KM |
| Newman Road, BIRMINGHAM, West Midlands, B24 | £ 220,000 | BUY | Unknown | 0.15 KM |
| Church Road, Erdington, Birmingham, West Midlands, B24 | £ 80,000 | BUY | 5 / 10 | 0.15 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 31 Harrison Road | £ 150,000 | 0.10 KM |
| 33 Harrison Road | £ 149,000 | 0.10 KM |
| 37 Harrison Road | £ 190,000 | 0.10 KM |
| 19 Harrison Road | £ 124,500 | 0.10 KM |
| 9 Harrison Road | £ 315,000 | 0.10 KM |