2 bed Flat For Sale £140,000
Yieldit are pleased to bring to the market this tenanted buy-to-let investment opportunity, yielding 5.12% net with scope to increase this to an impressive 5.5%. The beautifully kept two-bedroom apartment forms part of an attractive purpose-built block set in a peaceful residential area in the sought-after area of Kings Norton. The property includes a spacious entrance hallway; living area with several double-glazed windows providing plenty of natural light; fully-fitted kitchen; handy storage areas; two well-proportioned bedrooms; family bathroom and an allocated parking space.
St Francis Drive is in a brilliant location with all of the everyday amenities and well-regarded schools easily accessible in the surrounding area. It offers the perfect retreat from the hustle and bustle of the city, where residents can enjoy some of the best of Birmingham’s scenery whilst still remaining within easy reach of the city centre which is just 6.5 miles away. The area is extremely well connected with fast and frequent bus and train services available from Pershore Road and is just a few minutes drive from the M40/M42 for commuting or travelling further afield.
Property in Kings Norton is an excellent investment, it’s an ever popular residential area amongst families thanks to it’s good schooling, commuters due to it’s convenient travel links and students and graduates with The University of Birmingham being just 3 miles away so rental properties will always be in high demand. In addition to this, property prices have increased by 7% since 2019 (Rightmove) and the city of Birmingham is forecast for a billion pound boost in it’s economy by 2023 which means now is the perfect opportunity to invest.
Financial Breakdown
Gross rent: £9,000
Ground rent: £153
Service charge: £1,680
Net income: £7,167
Gross yield: 6.82%
Net yield: 5.43%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-18026
St Francis Drive is in a brilliant location with all of the everyday amenities and well-regarded schools easily accessible in the surrounding area. It offers the perfect retreat from the hustle and bustle of the city, where residents can enjoy some of the best of Birmingham’s scenery whilst still remaining within easy reach of the city centre which is just 6.5 miles away. The area is extremely well connected with fast and frequent bus and train services available from Pershore Road and is just a few minutes drive from the M40/M42 for commuting or travelling further afield.
Property in Kings Norton is an excellent investment, it’s an ever popular residential area amongst families thanks to it’s good schooling, commuters due to it’s convenient travel links and students and graduates with The University of Birmingham being just 3 miles away so rental properties will always be in high demand. In addition to this, property prices have increased by 7% since 2019 (Rightmove) and the city of Birmingham is forecast for a billion pound boost in it’s economy by 2023 which means now is the perfect opportunity to invest.
Financial Breakdown
Gross rent: £9,000
Ground rent: £153
Service charge: £1,680
Net income: £7,167
Gross yield: 6.82%
Net yield: 5.43%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-18026
