3 bedroom flat for sale

>

3 bedroom flat for sale

Investment Flat -13% Net Yield, Birmingham, B37
£110,000

Our Summary

  • 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)- Prime Investment Opportunity

Description

This property is a newly renovated, income-producing duplex flat located in North Solihull, Chelmsley Wood, offering a net rental income of £14,400 per annum and a 13% net rental yield. The property is fully tenanted under a 7-year lease to a reputable housing company and is situated in a vibrant and accessible location with easy access to Birmingham city centre, train stations, and motorways. The area has undergone significant regeneration and offers a blend of urban convenience and suburban comfort, making it perfect for individuals, couples, and families. The property is sold with a 999-year leasehold and will be sold with tenants in situ, providing a hands-off investment opportunity with no void periods, no general maintenance, no council tax, and no bills. The property is suitable for investors seeking consistent returns without the complexities of day-to-day management.