- 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) +
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.
The building comprises three well-proportioned flats currently producing a combined rental income of £30,960 per annum, offering immediate income alongside clear potential for rental growth. Similar two-bedroom flats within the area are achieving in the region of £1,100 per calendar month, creating the potential for a future income approaching £39,600 per annum once rents are optimised.
The property has been arranged as three separate flats for a considerable period of time and a fresh Certificate of Lawfulness application is expected to be submitted confirming the long-standing use. This proactive approach further strengthens the investment position and provides additional reassurance for prospective purchasers.
Extending to approximately 2,252 sq ft of internal accommodation, the building may also present a range of asset management, redevelopment or alternative use opportunities, including potential residential reconfiguration or commercial use, subject to obtaining the necessary planning consents.
Blocks of flats within the Four Oaks area rarely become available, making this a unique opportunity for investors seeking a prime residential asset in a highly desirable location.
The property is situated in a well-connected position on Lichfield Road, providing convenient access to Sutton Coldfield town centre, local amenities, highly regarded schools and transport links into Birmingham and the wider West Midlands.
Accommodation
Flat A - Ground Floor
Two-bedroom flat comprising living room, dining room, kitchen and bathroom accommodation.
Approx. 798 sq ft.
EPC: D
Council Tax Band: B
Two-bedroom flat comprising living room, eat-in kitchen, bathroom and hallway accommodation.
Approx. 752 sq ft.
EPC: C
Council Tax Band: B
Two-bedroom flat comprising kitchen and bathroom
Approx. 702 sq ft
EPC: C
Council Tax Band: B
Total internal accommodation: approximately 2,252 sq ft.
Current Rental Income: £30,960 per annum
Potential Rental Income: circa £39,600 per annum (subject to market conditions)
The property offers an attractive income-producing opportunity in an affluent and sought-after residential location with potential for further rental optimisation and long-term capital growth.