Studio for sale

Old Bank Top, Rea Valley B31

A fantastic opportunity to step onto the property ladder or secure an affordable buy-to-let investment at approx. 12% Gross Yield! Superbly presented, ready to move straight into and offered with no upward chain, this delightful ground floor studio apartment is an opportunity not to be missed.

Situated on the highly sought-after Rea Valley Estate in South Birmingham, Old Bank Top offers an appealing combination of convenience, affordability and low-maintenance living.

The apartment has been thoughtfully presented to provide comfortable and practical accommodation, making excellent use of its approximately 237 sq ft of internal space.

At the heart of the property is a bright and welcoming lounge/bedroom, providing a versatile living environment with sufficient flexibility to accommodate both relaxation and sleeping arrangements.

A particular highlight is the newly fitted modern kitchen, offering a fresh, contemporary finish and an attractive space for everyday cooking.

The accommodation is further complemented by a separate shower room and a useful dressing room, providing valuable additional space that is particularly welcome in a studio apartment.

With the property ready for immediate occupation and requiring no significant initial improvements, it represents an excellent opportunity for a first-time buyer seeking an affordable home or an investor looking to add a manageable rental property to their portfolio with high yields.

Offered with no upward chain, the property also benefits from the potential for a straightforward purchase.

Leasehold information

The apartment has approximately 75 years remaining on its lease and is therefore likely to appeal particularly to cash purchasers.

Prospective buyers intending to purchase with mortgage finance are encouraged to discuss the remaining lease term and lending criteria with their mortgage broker before arranging a viewing.

Subject to the purchaser's circumstances, the offer agreed and the terms of negotiation, the seller may consider arranging a lease extension as part of the completion process. This would be subject to agreement and the necessary legal arrangements.

Location

Old Bank Top is conveniently positioned on the Rea Valley Estate in Northfield, offering excellent access to everyday amenities, local shops, supermarkets and leisure facilities.

Northfield town centre and Longbridge provide additional shopping and recreational opportunities, while nearby railway stations, bus routes and road connections make travelling into Birmingham city centre and surrounding areas convenient.

An attractive location for first-time buyers and tenants alike, combining everyday practicality with the convenience of South Birmingham living.

Note: We have been informed of but not seen evidence of the following:

Tenure: Leasehold approx. 75 Years Remaining
Ground Rent: £10 per year approx.
Service Charge £90 per year approx.

Information on Anti-Money Laundering checks:

We are required by law to carry out Anti-Money Laundering checks on all individuals who are selling or buying a property. It is our responsibility to ensure that these checks are carried out correctly and monitored continuously. However, our partner, IAmProperty, will conduct the initial checks on our behalf. They will contact you once your offer has been agreed upon and we are in receipt of id.
These checks incur a non-refundable fee of £30 (inclusive of VAT). The fee covers the collection of relevant data, manual checks, and monitoring. You will need to pay this fee to IAmProperty to complete all Anti-Money Laundering checks before your offer can be formally agreed upon.
Exp will receive a portion of the fee charged by IAmProperty to compensate for our role in providing these checks.

Disclaimer:

Dean Coleman Estate Agents powered by eXp and its Clients give notice that: They have no authority to make or give any representations or warranties in relation to the property. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary Planning, Building Regulation or other consents, and Dean Coleman Estate Agents powered by eXp has not tested any services, equipment, or facilities. Purchasers must satisfy themselves by inspection or otherwise. Dean Coleman Estate Agents powered by eXp is a member of The Property Ombudsman scheme and subscribes to The Property Ombudsman Code of Practice.