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Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 1
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 2
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 3
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 4
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 5
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 6
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 7
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 8
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 9
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 10
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 11
Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD - Image 12

Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD

West Midlands

£45,000

Listed on 21/05/2026

Property Details

Bedrooms
4
Type
Studio

Description

This ground floor studio flat presents a compelling investment opportunity within a well-established residential development in Edgbaston, Birmingham. The property comprises a two-storey brick construction and offers a practical layout featuring an entrance hall, living/bedroom area, kitchen, and shower room. Despite its functional design, the flat requires enhancements that could significantly boost its value and appeal in the rental market. Benefiting from UPVC double glazing and located within close proximity to Sandwell General Hospital and West Bromwich Town Centre, this property is positioned well for potential growth. The communal gardens and parking area further add to its attractiveness as both a rental asset or first-time buyer's home. With a lease of 125 years starting from 2003 and reasonable ground rent of £75 per annum, this property invites investors to explore its full potential through careful renovation.

Investment Analysis

(B71 area)
Area Average
£251/sq ft
Avg Rent (weekly)
£249
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (B71)

Area prices are stable by -2.0% over the last 12 months
3 year growth: +5.9%
5 year growth: +33.8%
Investment Disclaimer: Analysis based on B71 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Flat 15 Salisbury House, Lily Street, West Bromwich, West Midlands, B71 1QD
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£161
Based on a loan of £33,750 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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