1 bedroom apartment for sale

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1 bedroom apartment for sale

Spinney Close, B78
£125,000

Our Summary

  • Buy-To-Let Investment Opportunity

Description

This exceptional one-bedroom flat in a quiet cul-de-sac location in Birchmoor, Polesworth, is a fantastic investment opportunity. The property is well-maintained and features a modern kitchen and bathroom, and is currently fully tenanted with no arrears since May 2022. The tenancy is set to roll over from August 2025, with a monthly rental income of £735. With a low annual service charge of £700 and no ground rent, the gross yield is 7.1% and the net yield is 6.5%. The property also benefits from off-road parking, visitor bays, and communal front and rear gardens, with no known structural or maintenance issues. The share of freehold has approximately 974 years remaining on the lease, and the property is fully managed with no managing agent fees. With an EPC rating of C, this is an ideal addition to any investment portfolio, offering immediate income and long-term value.