Birmingham, B16 8JA | Investment Property for Sale | VES-B16-002

Opportunity to purchase an apartment in Birmingham generating £7,440 rent pa & gross yield of 5.7%

£130,000

Apartment

VES-B16-002

INITIAL INVESTMENT

£38,900

Based on

deposit: £32,500

stamp duty: £3,900

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£7,440

GROSS YIELD

5.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£1,776

1 bedroom

1 bathroom

1 reception room

530

Unfurnished

Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.

Leasehold information

  • Length of lease: tbc
  • Year lease started: tbc
  • Years left on lease: 104

Property information

  • Located on the 19th floor
  • Open plan kitchen/reception room
  • EPC rating C
  • Monthly rental income £620

Location information

  • The property is located in the Edgbaston area of Birmingham
  • Birmingham New Street railway station is just over a 1-mile walk from the property
  • The closest train station is Five Ways and there are several bus stops within a short walking distance

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Tenancy

RENT

£7,440 p.a. / £620 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

11 months ago

TENANCY AGREEMENT ENDS

6/22/2021

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Birmingham, West Midlands.

Birmingham is the second largest city in the UK and boasts a population close to four million and is still growing rapidly. This metropolitan city can be found in the West Midlands, around 120 miles north west of London.

Due to its central location within the country, Birmingham has fantastic travel routes via the motorway, rail and even canal networks. Major motorway routes such as the M5, M6, M40 and M42 all pass through Birmingham connecting it to all parts of the nation.

Birmingham has a busy extensive rail network system. The busiest station is Birmingham New Street, which is actually the busiest station outside of London and offers Virgin fast trains to London Euston, Glasgow Central and Edinburgh Waverley.

Also, soon to be home to the High Speed 2 rail link, which will stop at Birmingham’s Curzon Street railway station and offer a service to central London in under 50minutes as well as other routes around the country. Travelling around within the city couldn’t be easier as Birmingham has one of the busiest urban rail systems and urban bus systems outside of London, capable of taking you to any desired location in and around the city.

There are five universities in Birmingham: University of Birmingham, Birmingham City University, University College Birmingham, Aston University and Newman University. The city also has major campuses of the University of Law, BPP University and 14 campuses of the Birmingham Metropolitan College, one of the largest further education colleges in the country, making it the highest population of students in higher education outside of London.

Birmingham is home to many amazing job opportunities through many well-known employers, such as; National Express, Lloyds Banking Group, RBS, Whitbread, Jaguar and Rolls Royce to name a few.

Hagley Road,

Birmingham,

West Midlands,

England,

B16 8JA

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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