1 Bed Flat For Sale Coventry Road, Birmingham, B26

£165,000- Flat

1 of 8
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 24th May 2024

Description

Positioned in a very popular location of Sheldon, with excellent commuter routes to Birmingham, Solihull and further afield via the nearby M42, this 1-bedroom apartment offers a great opportunity for first time buyers and buy to let investors, with an impressive 6.5% yield.

Entrance to this impressive property is gained via the lobby area where you met with the on-site concierge, with lift or stair access to the third apartment.

The living quarters begins with a hallway leading to all rooms, starting with the open plan kitchen/living space complete with integrated appliances, space for a small dining table and sitting area. Completing the apartment is the double bedroom with ample space for wardrobes, an immaculate modern shower room and storage cupboards.

Externally, the property has ownership of a parking space which is positioned behind the security gates, where you can also find access to the on-site gym.

Things to Know...

The Property will be offered with vacant possession, and we are advised the property is of Leasehold tenure with 247 years remaining.

Services - The vendor advise that all mains services are connected to the property however we suggest this is confirmed by your legal representative prior to exchange of contracts.

Subjective comments in these details imply the opinion of the selling agent at the time these details were prepared. Naturally the opinions of the purchasers may differ. The details are for guidance only and do not form part of the contract. It is advisable that prior to exchange of contracts purchasers walk the boundaries and ensure they are in accordance with the title plan. We also suggest Fixtures and Fittings are confirmed at the point of negotiation.

Money Laundering - We have procedures in place to forestall and prevent Money Laundering. Should we be concerned that an offence is being committed we will act in accordance with the Proceeds of Crime Act 2002 and disclose our concerns to the National Crime Agency.

Local Authority is Birmingham Council with a Council Tax Band of B.


Council Tax Band: B (Birmingham C.C)
Tenure: Leasehold (246 years)
Service Charge: £1,850 per year
Agent Details
Kingsman Estate Agents
Sandstone House Farzens Avenue, Warwick, CV34 6DU

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 1 bedroom property. See more properties like this.

£180,000
Solihull, B92
Semi Detached
9.8
£120,000
, B26
Apartment
8.4
£195,000
Birmingham, B26
Semi Detached Bungalow
7.5
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested