1 bedroom apartment for sale

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1 bedroom apartment for sale

Spinney Close, B78
£120,000

Our Summary

  • Buy-To-Let Investment Opportunity

Description

This is an exceptional investment opportunity to acquire a well-maintained, first-floor 1-bedroom flat in a quiet, residential cul-de-sac location in Birchmoor, Polesworth. The property is offered with a share of freehold and a stable tenancy in place, providing immediate income and long-term value. The flat is in excellent condition, with a modern kitchen and bathroom, and is fully tenanted with no arrears. The current rent is £735 per month, with a low annual service charge of £700. The property also benefits from a share of freehold with approximately 974 years remaining on lease, ground rent of nil, and a gross yield of 7.4% and net yield of 6.8%. The property is fully managed with no managing agent fees, and features off-road parking, visitor bays, and communal front and rear gardens. With no known structural or maintenance issues and an EPC rating of C, this property presents a solid investment opportunity for those looking to add to their portfolio.