Offers over
£135,000
2 bed flat for saleTower Road Erdington, Birmingham B23
2 beds
1 bath
EPC Rating: B
Leasehold
About this property
Newly renovated
Allocated Parking
Council Tax Band - A
EPC Rating - B
Leasehold - 130 Years
Ground Rent - £12.50 pcm
Service Charge - £180 pcm
Blank Canvas Ready for the Next Owner
Vacant!
A ready-made investment opportunity located within the established residential area of Tower Road, Birmingham, B23, with potential to generate around £950 pcm from reliable long-term tenants with no arrears history. Positioned within a consistently strong North Birmingham rental location, the property benefits from steady demand driven by nearby employment hubs, schools and excellent transport connectivity.
Priced below market value due to seller motivation, the property offers investors immediate equity alongside a projected yield of over 7%. Comparable rental properties within the B23 area are typically achieving between £900–£1,050 pcm for similar terraced and semi-detached homes, supported by strong tenant demand from families and professionals working across Birmingham city centre, Erdington and surrounding industrial areas.
The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any investment portfolio.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
Priced below market value due to seller motivation, the property offers investors immediate equity alongside a projected yield of over 7%. Comparable rental properties within the B23 area are typically achieving between £900–£1,050 pcm for similar terraced and semi-detached homes, supported by strong tenant demand from families and professionals working across Birmingham city centre, Erdington and surrounding industrial areas.
The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any investment portfolio.
Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.
Once an offer is accepted, a deposit of £7,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.
All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.
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Monthly repayment
£675 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.
More information
Tenure
Leasehold (130 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review



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