Birmingham, B3 1FQ | Investment Property for Sale | VES-B3-005

Opportunity to purchase an apartment in Birmingham generating £10,200 rent pa & gross yield of 3.5%

£289,950

Apartment

VES-B3-005

INITIAL INVESTMENT

£88,184

Based on

deposit: £72,488

stamp duty: £13,196

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£10,200

GROSS YIELD

3.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£391

SERVICE CHARGE

£2,804

2 bedrooms

2 bathrooms

1 reception room

804

Unfurnished

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2010

Property information

  • Located on the 5th floor
  • Main bedroom has an ensuite
  • Open plan kitchen/living room
  • Storage space in the hallway
  • EPC rating C
  • Monthly rental income £850

Location information

  • Located in the Jewellery Quarter in the centre of Birmingham
  • Close to shops, restaurants and local amenities
  • Birmingham Snowhill Station can be reached within a 10-minute walk

Note

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

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.

Saint Paul's Square,

Birmingham,

West Midlands,

England,

B3 1FQ

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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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