1 bedroom flat for sale

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1 bedroom flat for sale

Oval Rd- 14% Net Yield, Birmingham, B24
£79,950

Our Summary

  • A solid, long-term asset with share of freehold and 999 year leasehold offering capital growth potential alongside rental returns
  • The OPA is pleased to present this hands-off investment opportunity, offering an impressive net rental income of £11,200 per annum (£933
  • TENURE & INVESTMENT OPPORTUNITY
  • Confirm existence and nature of any known planning or proposals for development
  • Cash buyers preferred
  • Cash purchasers preferred
  • Virtual Freehold (999-Year Lease) with Share of Freehold – A Prime Investment Opportunity

Description

This is a hands-off investment opportunity in Birmingham, offering a 14% net rental yield. The property is a studio flat with a 7-year lease to a reputable accommodation provider, generating a net income of £11,200 per annum (£933.33 per month). The tenant covers all operating costs, including rent, utility bills, council tax, and maintenance, making it a hassle-free investment. With a share of freehold and a 999-year leasehold, this property offers long-term security and potential for capital growth. The location is highly attractive, with excellent transport links and connectivity to Birmingham city centre, and a range of amenities nearby. This investment opportunity provides a guaranteed net rental income, no void periods, and no general maintenance or management fees, making it an ideal choice for investors seeking a stress-free and high-yielding investment.