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55 Cardinal House, Saltley B8 1 bed flat for sale
55 Cardinal House, Saltley B8
£20,000
55 Cardinal House, Saltley B8
£20,000
Our Summary
- We are excited to present this fantastic tenanted investment opportunity
- Flat 52, College House, Bridge Road, Alum Rock, Birmingham, West Midlands, B8 3TE Previously sold for £44,000* Sure to appeal to shrewd investors looking for a readily let investment opportunity with fantastic yield
- Sure to appeal to shrewd buy to let investors looking for a turnkey investment opportunity producing fantastic returns
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- Sure to appeal to shrewd investors looking for a readily let investment opportunity with fantastic yield
Description
This is a fantastic tenanted investment opportunity, a 1-bedroom student flat located in a sought-after area of Birmingham. The property is currently tenanted at £585 per month, producing an excellent 23% gross yield if achieved for the guide price. The property benefits from a prime location, just a short 22-minute drive from Birmingham City Centre and close to local amenities. The flat has a spacious bedroom, WC, kitchen, and ample storage. With a sales evidence of £43,500 and £44,000 for similar properties in the area, this is a high-yielding investment opportunity with great capital growth potential. The property is open to immediate offers and will feature in an upcoming timed online auction, making it an excellent opportunity for shrewd buy-to-let investors.