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1 /5
£1,000,000
Gravelly Lane, Birmingham, West Midlands, B23
- 0 beds
£1,000,000
- 0 beds
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Estimate monthly mortgage payment:
£4,565 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£50,000
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Retail site with approved planning for 18-bed HMO conversation above the ground floor. Included in this sale is also the freehold of the rear lane to the property.
Currently tenanted by:
Cost cutters with a yearly rent of ?30,000 pa.
Tylers Kitchen with a yearly rent of ?13,000 pa
2 Flats Let by AST with a yearly income of ?32,540
Lapsed planning application number: 2012/02975/PA
Estimated yearly income for 18-bed HMO, ?93,600 PA
Water connections have already been installed with 54mm water pipes, soils have been completed and provisions for electricity together with the DPM and 11m MOT type 2.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£41,250
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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Property details
£1,000,000
property for sale
Gravelly Lane, Birmingham, West Midlands, B23
Retail site with approved planning for 18-bed HMO conversation above the ground floor. Included in this sale is also the freehold of the rear lane to the property.
Currently tenanted by:
Cost cutters with a yearly rent of ?30,000 pa.
Tylers Kitchen with a yearly rent of ?13,000 pa
2 Flats Let by AST with a yearly income of ?32,540
Lapsed planning application number: 2012/02975/PA
Estimated yearly income for 18-bed HMO, ?93,600 PA
Water connections have already been installed with 54mm water pipes, soils have been completed and provisions for electricity together with the DPM and 11m MOT type 2.