2 bed flat for sale

Warwick Road, Birmingham B11

Property description


This top floor leasehold apartment presents an attractive opportunity for cash buyers and investors, currently achieving £1,200 per month in rental income. With approximately 57 years remaining on the lease, the property is being marketed to cash buyers only, as the short lease length is likely to make mortgage finance difficult to obtain.

The property is formally arranged as a two bedroom apartment with a separate living room, currently used as a third bedroom. The accommodation also includes a kitchen area, family bathroom, and useful storage cupboard.

The current rental income of £1,200 per month, equivalent to £14,400 per annum, represents an approximate 19.2% gross rental yield at the asking price of £75,000, before service charges, ground rent, maintenance, taxation, and other property costs.

The property extends to approximately 600 sq ft and is positioned on the top floor, benefiting from added privacy and natural light. It is being sold fully furnished, subject to the agreed inventory, providing a ready made investment opportunity.

The property is currently tenanted, although vacant possession is also available subject to the agreed terms of sale.

The short lease is an important consideration for purchasers. There may be potential to extend the lease through the relevant legal process, subject to eligibility, valuation, costs, and legal advice.

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Location & local amenities


Situated on Warwick Road in Tyseley, the apartment occupies a convenient position close to a wide range of local amenities. Nearby shops, supermarkets, takeaways, cafés, and everyday services provide excellent convenience for residents, while Acocks Green and Yardley offer further shopping, dining, and leisure facilities.

Tyseley Train Station is within easy reach and provides regular rail services towards Birmingham Moor Street and Birmingham Snow Hill, making the property particularly convenient for commuters.

Regular bus services operate along Warwick Road and surrounding routes, while the A45 Coventry Road provides direct access towards Birmingham City Centre, Solihull, Birmingham Airport, the nec, and the M42 motorway network.

The location, accessible purchase price, and established rental income combine to make this an attractive option for investors seeking rental income in an established Birmingham location.

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Additional information


* EPC Rating: D
* Council Tax Band: A
* Tenure: Leasehold
* Remaining Lease: Approx. 57 Years
* Chain Status: Chain Free
* Square Footage: Approx. 600 sq ft
* Current Rental Income: £1,200 Per Month
* Gross Rental Yield: Approx. 19.2% Based on £75,000 Purchase Price
* Furnishings: Included, Subject to Agreed Inventory
* Occupancy: Currently Tenanted, Vacant Possession Also Available

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Leasehold costs


The property is subject to ground rent and a variable service charge in accordance with the lease.

Ground Rent: £37.50 Per Annum

Service Charge: Tbc

The service charge contributes towards relevant building and management costs, including building insurance. Prospective purchasers should make their own enquiries regarding current and future service charge liabilities, planned works, and other leasehold costs before proceeding.

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Viewings


Strictly by prior appointment with Property Pro.

Please do not approach the premises directly under any circumstances.

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Legal & compliance information

material information & due diligence


Property Pro has requested all relevant material information from the seller in line with the Consumer Protection from Unfair Trading Regulations 2008 and has taken reasonable steps to ensure accuracy at the time of marketing. Some details may be unverified or subject to change. Buyers are strongly advised to carry out their own due diligence, including inspections, searches, lease documentation, rental arrangements, and professional enquiries, to satisfy themselves as to the suitability of the property and investment. In accordance with the Money Laundering Regulations, prospective purchasers will be required to provide identification at the appropriate stage.
General disclaimer & misrepresentation act notice


These particulars are prepared in good faith but do not form part of any offer or contract. All descriptions, dimensions, references to condition, planning permissions, services, rental figures, lease terms, and other details are provided without responsibility and should not be relied upon as statements or representations of fact. Purchasers must verify all information independently. No employee of Property Pro has authority to make or give any warranty in relation to this property. Images and marketing materials are for illustrative purposes only and may not fully represent the property. In accordance with the Misrepresentation Act 1967, intending purchasers must satisfy themselves as to the accuracy of the information provided.