ROI = 7% BMV = 14.6%
Gallery
Description
FleetMilne are pleased to present this fantastic 2-bedroom apartment in the popular Point 3 development. Finished to an excellent standard, this property would make the perfect home for an owner occupier, as well as having great potential for investors. The property also benefits from a secure allocated parking space, recently installed electric radiators and no onward chain. The apartment boasts a large living room with integrated kitchen including washer/dryer, dishwasher and fridge/freezer, as well as benefiting from a secure parking space. The bedrooms are both doubles, with the master bedroom being particularly spacious and the family bathroom has a shower over bath. The property has been partially updated refreshed kitchen, new bathroom and updated ensuite shower, as well as having been redecorated throughout and having the hot water system replaced in the last 18 months. This property is perfect for first time buyers and investors, with fantastic rental potential. There is currently a tenant in situ with a potential yield of around 6.6% gross. The apartment offers great transport links, situated just a 0.7 mile walk to Snow Hill station, as well as an easy 0.2 mile walk to the iconic St Paul's Square, which is thriving with many popular bars and restaurants which offer an alternative experience to Birmingham's typical busy night out. If you're looking a bite to eat, head to for Otto Pizza - everything is stone baked in their wood-fired pizza oven, 500 degrees for 90 seconds, and is utterly delicious! Living/Dining Room - Spacious living dining room with far reaching views across the City and Convention Quarter. This room features a breakfast bar and feature lighting between the lounge and kitchen Kitchen - A fully fitted kitchen including electric oven and hob, fridge, freezer, washer/dryer, dishwasher, and freestanding island/ Master Bedroom - Large master bedroom with access to the ensuite bathroom, and large double-glazed windows to the rear of the development. Ensuite Bathroom - Ensuite bathroom featuring basin, toilet and generous shower cubicle Second Bedroom - Spacious second bedroom currently set up as an office, with large double-glazed windows to the rear of the development. Main Bathroom - Generous main bathroom with shower over bath. Rental Information - Currently tenanted with a potential gross yield of 6%. Speak to the team for more info.
Find out MoreProperty Details
- Property ID: 151884200
- Added On: 2024-10-01
- Deal Type: For Sale
- Property Price: £235,000
- Bedrooms: 2
- Bathrooms: 1.00
Amenities
- Spacious
- two bedroom apartment
- Two bathrooms
- including one ensuite shower room and one bathroom with shower over bath
- Secure allocated parking
- 3rd floor with fantastic dual-aspect views
- Available with tenant in situ providing a potential gross yield of 6.6% (speak to the team for more info)
- Jewellery Quarter location
- 0.6 miles to Snow Hill station
- 128 years remaining on the lease
- Ground rent £150 per annum
- Service charge approx. £1950.00 per annum
