Investment Opportunity- One Bedroom Flat

Birmingham
1 Bed 1 Bath 421 sqft
Investment Opportunity- One Bedroom Flat

NVESTMENT OPPORTUNITY | CURRENTLY TENANTED | £875 PCM RENT | 8.08% GROSS YIELD | ALLOCATED PARKING | NO UPWARD CHAIN | NEAR NEC & BIRMINGHAM AIRPORT A ready-made buy-to-let investment with a tenant already in place, £875 pcm rental income, allocated parking and an excellent Sheldon location close to Birmingham Airport and the NEC. Flat 18, Interchange on Coventry Road, Sheldon, Birmingham, offers landlords and investors the opportunity to purchase a currently tenanted investment property with an established rental income of £875 per calendar month (£10,500 per annum). At a guide price of £130,000, the property produces an approximate gross rental yield of 8.08%, making it an appealing option for investors looking for rental income from day one. The apartment benefits from allocated parking, lift access and communal areas, which are currently being refreshed. The existing tenancy provides an immediate rental income stream, while the property's location should continue to appeal to tenants seeking convenient access to Birmingham, the NEC and the airport. Situated on Coventry Road in Sheldon (B26), the property is exceptionally well placed for Birmingham International Airport, the NEC and Birmingham International railway station, as well as major road links including the A45 and M42. Birmingham city centre and Coventry are also within easy reach, making the location particularly attractive to commuters, airport and NEC employees, and those working across Birmingham and the wider West Midlands. An opportunity for a landlord or investor seeking a tenanted buy-to-let apartment with strong rental income, parking and excellent transport links, all offered with no upward chain.

Offers Over

£130,000

Verified Listing
Monthly Income£875
Gross Yield8.08%
Tenancy statusTenanted
Service Charge£2,736/yr
Include Mortgage Payment

Assumes a 75% Loan-to-Value (LTV) interest-only mortgage at an estimated 5.5% annual interest rate.

Yearly Rent£10,500
Yearly Service Charge£2,736
Net IncomeBefore tax & financing costs
£7,514/yr
LocationBirmingham
Property type
Flat
Bedroom
1 Bedroom
Bathroom
1 Bathroom

Enquire for Detailed Returns Breakdown & Investment Documents.