2 Bedroom Apartment in B37 with Potential Rental Yield of 7.5%
Posted on Jul 22, 2016
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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.
I had previously placed our property for sale with another local estate agent. We had no luck with them and was then recommended to use Partridge Homes by a friend who had recently sold with them.
I have to say that matters took a turn for the better after I contacted your company. Your marketing techniques were far more proactive, and more people came to view the house over a short period of time which has resulted in a quick sale and completion. I was also impressed with the quality of viewings you sent our way- it was clear that your team focussed on good quality qualified viewings.
Selling property is complicated and I appreciated your patience in explaining all the details to me and keeping me up to date throughout the process.
Finally you saved us £1000+ compared to the first agent we had signed up with- plus we managed to get that Sale Agreed Sign outside.
reviewing Partridge Homes
I have been associated with Partridge Homes for two years, during that time I am delighted with their service , It is of the highest quality, and I would definitely recommend them to other people.
reviewing Partridge Homes
Great service, great people. Everyone there really cares, and that shines through in everything they do. We sold our house in Kings Heath in 2014 with Partridge Homes and we can highly recommend them.
reviewing Partridge Homes
Excellent service from buying a home to letting and managing a property in Kitts Green for me. This is a family run business and it shows from the personal attention each member of staff have for you. Well done Partridge Homes you do a FANTASTIC job.
reviewing Partridge Homes
We have dealt with Partridge homes since Jan 2015 and have found them to be professional and helpful in all aspects of our enquires. Paul has been most helpful when we have needed his support and help in resolving any issues we have had. Would recommend this company and there services to anyone seeking to buy or rent a property. A very good family run business highly recommended.
reviewing Partridge Homes
Partridge Homes and in particular Charlotte and Nicky have been extremely helpful and professional in there approach to helping with our Buy to Let property. They coordinated all the viewings were excellent in providing feedback and kept us updated on a timely basis.
They were always professional with a very personable approach for both prospective tenants and ourselves. I would have no hesitation in recommending Partridge Homes to others.
reviewing Partridge Homes
I have rented with Partridge Homes for 5 years and I can recommend them to all. They are a truly wonderful family business, efficient and so professional.
reviewing Partridge Homes
A BIG thank you for all of your help, time and kindness. You made a big difference in helping us as a family in selling our Parents house. It has been a hard time for all of us but you helped in any way you could.
reviewing Partridge Homes
I purchased my first house in August 2014, the team at Partridge were great and managed the whole process for me in a very efficient manner. I would definitely recommend Partridge Homes to anyone looking to buy in the area.
reviewing Partridge Homes
Thank You for all of the help and support in buying the property on Heybarnes Road. Excellent Customer Service, thank you very much.
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