£270,000
4 bed flat for saleHermitage Road, Erdington, Birmingham B23
4 beds
4 baths
Freehold
About this property
Description
An excellent hands-off investment opportunity comprising a self-contained block of 4 bedrooms, currently operated under a supported living arrangement. The property is let on a long-term agreement to a reputable housing provider, offering a guaranteed rental income of £29,700 per annum, regardless of occupancy.
The accommodation is well-presented and configured to support independent living, making it suitable for ongoing use by supported living providers. This is a fully managed investment with no direct landlord responsibilities.
Key Features:
4 Bedroom Self-Contained Block
Fully Let to a Supported Living Provider
Guaranteed Rent of £29,700 per Annum
Long-Term Agreement in Place
No Voids, No Management Required
Ideal for Passive Investors
Cash Buyers Only
Location:
Located on Hermitage Road in Erdington, a popular residential area in north Birmingham with strong rental demand and excellent access to local amenities. The property benefits from convenient transport links to Birmingham City Centre and the wider West Midlands area.
Tenure: Freehold
An excellent hands-off investment opportunity comprising a self-contained block of 4 bedrooms, currently operated under a supported living arrangement. The property is let on a long-term agreement to a reputable housing provider, offering a guaranteed rental income of £29,700 per annum, regardless of occupancy.
The accommodation is well-presented and configured to support independent living, making it suitable for ongoing use by supported living providers. This is a fully managed investment with no direct landlord responsibilities.
Key Features:
4 Bedroom Self-Contained Block
Fully Let to a Supported Living Provider
Guaranteed Rent of £29,700 per Annum
Long-Term Agreement in Place
No Voids, No Management Required
Ideal for Passive Investors
Cash Buyers Only
Location:
Located on Hermitage Road in Erdington, a popular residential area in north Birmingham with strong rental demand and excellent access to local amenities. The property benefits from convenient transport links to Birmingham City Centre and the wider West Midlands area.
Tenure: Freehold
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Monthly repayment
£1,350 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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