Birmingham, B3 2LX | Investment Property for Sale | VES-B3-001

Opportunity to purchase an apartment in Birmingham with the potential to generate a gross yield of 6.4%

£125,000

Apartment

VES-B3-001

INITIAL INVESTMENT

£37,500

Based on

deposit: £31,250

stamp duty: £3,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£8,040

GROSS YIELD

6.4%

ADD TO FAVOURITES

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The property

TENANCY

Vacant

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£1,950

1 bedroom

1 bathroom

1 reception room

521

Unfurnished

Leasehold information

  • Length of lease: 250 years
  • Year lease started: 2014

Property information

  • Located on the first floor
  • Open plan kitchen/dining/lounge
  • Lift access in the building
  • Resident bicycle storage
  • CCTV and secure access
  • EPC rating D
  • Expected monthly rental income £670

Location information

  • The property is located in the commercial heart of the city
  • A variety of shops, bars, cafes, and restaurants right on the doorstep
  • Snow Hill station is 0.2 miles from the property
  • Birmingham New Street station is an approximately 11-minute walk away
  • Birmingham city centre is an approximately 10-minute walk away

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 - new

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.

Great Charles Street Queensway,

Birmingham,

West Midlands,

England,

B3 2LX

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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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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