Opportunity to purchase a terraced property in Birmingham with the potential to generate a gross yield of 5%
Offers in excess of
£220,000
End Terraced House
VES-B37-001
INITIAL INVESTMENT
£66,000
Based on
deposit: £55,000
stamp duty: £8,500
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£11,100
GROSS YIELD
5.0%
The property
TENANCY
Vacant
TENURE
Freehold
3 bedrooms
1 bathroom
1 reception room
893
Unfurnished
Property information
- The property comprises:
- 3 x bedrooms
- Lounge
- Fitted kitchen
- Bathroom
- Off-street parking on the driveway
- EPC rating C
- Council tax band B
- Monthly rental income: expected to achieve £925 pcm
Location information
- The property is located in the Chelmsley Wood area of Birmingham
- The Chelmsley Wood shopping centre is a 5-minute drive away
- The closest railway station is Marston Green, 2 miles from the property
- Easy access to the M6 via Junction 4 and the M42 via Junction 7a
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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 120miles 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.
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.
This location could be perfect for a young family looking for local education options. The apartments are a convenient 5minute walk from St Thomas Children’s Centre and less than ten minutes from two other co-ed primary schools; St Thomas C of E Academy and Saint Catherine of Siena Roman Catholic Primary School.
Birmingham is home to five major universities and has the highest population of students in higher education outside of London.
Kitegreen Close,
Birmingham,
West Midlands,
England,
B37 6UP
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