2 Bedroom Apartment in B37 with Potential Rental Yield of 7.5%

Posted on Jul 22, 2016 |
2 Bedroom Apartment in B37 with Potential Rental Yield of 7.5%
Having spent the morning delivering flowers to my Children's School Teachers, I have decided to unwind for 20 mins and have a search on rightmove for any decent Investment opportunities.

This two bedroom Apartment located on Leyburn Road in Chelmsley Wood has caught my attention. The property looks well presented and ready to market for rental with minimum improvements required.

The marketing Agent is Green & Co Estate Agents in Castle Bromwich. I would be tempted to call their Sales team and find out how much interest they have had and if the Vendors are open to offers?

Based on the asking price of £95,000, this still looks attractive for investment purposes generating a gross rental yield of 7.51% based on a rental income of £595 PCM.

The Apartment has a 144 year lease and the service charge and ground rent seem reasonable at £896.00 Per Year as per the Agents advert, obviously confirm these details should you push ahead and make an offer.

Should you have any property queries or require a second opinion on any purchase please feel free to call me on 07540 462 033.

Kind regards

Paul Partridge

http://www.rightmove.co.uk/property-…/property-55171609.html

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