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8 bedroom detached house for sale
Gravelly Hill North, Erdington
£620,000
Gravelly Hill North, Erdington
£620,000
Price History
Initial price | £690,000 |
30/01/25 | £675,000 |
15/07/25 | £620,000 |
Price Change | -10.14% |
Description
James Laurence presents a fantastic investment opportunity in Erdington, a historic building that was once the Rossmore Hotel, now comprising six fully-let apartments. The property is located near Gravelly Hill train station and Erdington Town Centre, offering a prime spot for investors seeking a reliable income stream. The apartments are fully occupied and generating £39,000 per annum, with potential for growth through cosmetic improvements or modernization. The property features a communal entrance, shared basement space, off-road parking, and a spacious garden, making it an attractive option for tenants. With its proximity to Birmingham city centre and excellent transport links, this property is ideal for savvy investors looking to expand their portfolio.