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Property ID: 209377211
Monthly Income
£895
Current Yield
11.4%
Tenancy status
Tenanted
CapitalAppreciation
+5.2%
Exclusive Investment Grade Opportunity

Our latest listing is a 1 bedroom flat located in Birmingham. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.


For investors looking to expand their portfolio, this is a fantastic opportunity!


This well-kept home features 1 bedrooms, lounge, kitchen, ensuite, modern interior.


Investment details


It currently produces an annual gross income of £11,100 . Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Tenancy Details


The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income895/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£895 pcm
Current Rental Yield
11.4%
Potential Market Value Rent
£895 pcm
Potential Rental Yield
11.4%
Estimated Monthly Capital Appreciation
£412
Area Capital Appreciation Rate
+5.2%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 100 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided to Let Property and has been Verified.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: C

Interactive street-level view of the property location and surrounding area.

Ground Rent
£32
Factor Fees/Running Costs
£200
Total Estimated Costs
£232
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Yearly Net Profit
Current Yearly Rent
£10,740
Annual Capital
Appreciation
£1,900
Yearly Ground Rent
£384
Yearly Factor Fee /
Service Charge
£2,400
Other Yearly Costs
None
Indicated
Annual Net Returns
£9,856