This Victorian terrace presents an intriguing investment opportunity with its current layout comprising two reception rooms, a kitchen, and a ground-floor bathroom, alongside two bedrooms on the first floor. Notably, a portion of the property has been converted into a separate one-bedroom flat, providing options for reconfiguration into a larger family residence or for multiple rental units, subject to obtaining necessary permits.
Additionally, the rear annex (5A) is self-contained, featuring its own kitchen, living room, bathroom, and two bedrooms. This annex dramatically extends the property's footprint and offers considerable flexibility in terms of accommodation possibilities.
With potential to create up to six bedrooms overall, buyers have numerous reconfiguration avenues to explore based on their investment strategy. It’s important to note that this property falls within an Article 4 area which imposes certain restrictions on development rights, including those related to HMOs. Furthermore, it is currently under selective licensing with Birmingham City Council; prospective buyers should verify details regarding transferability.
Overall, this property represents an excellent project for those interested in high-yield investments or redevelopment in a well-established residential locale.
