Balfour Court, Lichfield Road, Four Oaks, B74 4DB

Property Details: • Type: Flat • Tenure: LEASEHOLD • Floor Area: 570 sqft

Key Features: • PLEASE QUOTE REF: JT1146 WHEN ENQUIRING. • Spacious one bedroom first floor apartment • Large, bright lounge/dining room with dual aspect • Recently upgraded electrics and modern heating • Opportunity to modernise and add value • Garage in a separate block • Well maintained communal gardens • Long lease approx. 141 years with peppercorn ground rent • Sought-after Mere Green location close to shops and transport links • Ideal for first-time buyers, downsizers or investors

Location: • Nearest Station: Butlers Lane Station • Distance to Station: 0.2846489161175532 miles

Agent Information: • Address: 114 St. Martin's Lane London WC2N 4BE

Full Description: <p>PLEASE QUOTE REF: JT1146 WHEN ENQUIRING.</p><p>Spacious One Bedroom Apartment with Garage | Priced to Reflect Opportunity</p><p>A generously proportioned one bedroom first floor apartment, ideally positioned within easy reach of Mere Green’s popular shops, cafes and excellent transport links.</p><p>Just launched at £159,950, the property has been priced to reflect both the recent upgrades completed and the opportunity for a buyer to further enhance and reconfigure the space to suit their needs.</p><p>Having recently benefited from improvements including new electrics and modern heating, the apartment offers a solid, move-in ready base with excellent potential to add value.</p><p><strong>Accommodation</strong></p><p>Accessed via a well-maintained communal entrance, the apartment opens into a welcoming hallway with secure entry system and useful storage.</p><p>The large lounge/dining room is a standout feature, with two generous windows overlooking the front gardens, creating a bright and airy space ideal for both relaxing and entertaining.</p><p>The breakfast kitchen provides ample storage and worktop space, along with room for a table and chairs.</p><p>The double bedroom is well proportioned and benefits from extensive fitted wardrobes, offering excellent built-in storage.</p><p>A good sized bathroom completes the accommodation, fitted with a white suite and shower over bath.</p><p><strong>Opportunity to Add Value</strong></p><p>While key upgrades have already been completed, there is scope for cosmetic improvement, including removal of wallpaper and redecoration.</p><p>In addition, the generous layout offers potential to reconfigure into a two bedroom apartment, subject to layout, building regulations and any necessary consents. This creates a compelling opportunity for buyers looking to maximise both space and future value.</p><p><strong>Investment Potential</strong></p><p>The property also offers strong investment appeal, with estimated rental income of £925–£950 pcm, equating to approximately 7% gross yield. After factoring in service charges, this provides a realistic net return of around 6% (self-managed), making it a solid option in a high-demand rental location.</p><p><strong>Outside</strong></p><p>Garage located in a separate block<br />Well maintained communal gardens<br />Pleasant green surroundings<br /><br /><strong>Key Information</strong></p><p>Extended lease with approx. 141 years remaining<br />Peppercorn ground rent<br />Separate garage lease (approx. 51 years remaining)<br />Service charge: £615.83 per half year<br />Council Tax Band B<br /><br /><strong>Why This Property?</strong></p><p>A rare opportunity to secure a spacious apartment in a sought-after location, combining immediate usability with future potential. Ideal for first-time buyers, downsizers or investors looking for space, flexibility and strong long-term upside.</p>