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£725,000
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6 bed house for sale Lichfield Road, Four Oaks, Sutton Coldfield, B74 2XA

6 beds 4 baths Semi-Detached House
Tenure: ask agent

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About this property

PLEASE QUOTE REF: JT1146 WHEN ENQUIRING. Block of 3 Flats | 2,252 sq ft | Income Producing Investment | Four Oaks B74 An increasingly rare opportunity to acquire a block of three self-contained residential flats located on the highly regarded Lichfield Road in Four Oaks, Sutton Coldfield. Extending to approximately 2,252 sq ft in total, the property represents a substantial residential asset in one of the most desirable areas of Sutton Coldfield.

Key features

  • PLEASE QUOTE REF: JT1146 WHEN ENQUIRING.
  • Block of three self-contained residential flats
  • Approx. 2,252 sq ft total internal accommodation
  • Current income £30,960 per annum
  • Reversionary rental potential circa £39,600 per annum
  • Prime Four Oaks / Sutton Coldfield location
  • Certificate of Lawfulness application to be submitted
  • Rare multi-unit residential investment opportunity
  • Prominent position on Lichfield Road offering potential alternative uses (STPP)

Floorplan

Location

Lichfield Road, Four Oaks, Sutton Coldfield, B74 2XA

Council tax
Band B (Approx £1,838/year)

Mortgage and stamp duty

Property price £725,000
£362k £1.1m
Deposit10% £73,000
£0 £725k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £652,000 mortgage. Most lenders would want a household income of about £145,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales in B74 2XA. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
187, Lichfield Road Semi-detachedSept 20172,852 sq ft £128/sq ft£365,000
185a, Lichfield Road Flat / maisonetteJan 2017807 sq ft £254/sq ft£205,000
193, Lichfield Road Semi-detachedFeb 20152,443 sq ft £158/sq ft£385,000
185a, Lichfield Road Flat / maisonetteNov 2014807 sq ft £204/sq ft£165,000
185b, Lichfield Road Flat / maisonetteSept 20141,356 sq ft £172/sq ft£233,000
189, Lichfield Road Semi-detachedJul 2010£404,000
185a, Lichfield Road Flat / maisonetteJun 2007807 sq ft £191/sq ft£154,000
195, Lichfield Road Semi-detachedFeb 2006£315,000

All sales on Lichfield Road → All sold prices in Sutton Coldfield →

Area insights

The neighbourhood around this property.

Marketed by
eXp UK, Jay Thethi
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