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Our Summary
- A well-presented ground floor studio apartment situated within the popular Pioneer House development on Ryland Street, offering a strong entry-level investment opportunity in the heart of Birmingham city centre
- Summary This is a strong, low-entry investment opportunity in a high-demand central Birmingham location
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Description
The property is a well-presented ground floor studio apartment with approximately 314 sq ft of living space, offering a strong entry-level investment opportunity in the heart of Birmingham city centre. The apartment features an open-plan layout incorporating living, sleeping, and kitchen areas, as well as a separate bathroom. With approximately 103 years remaining on the lease, the property is highly mortgageable and offers long-term security.
The apartment is currently let at £750 per calendar month, providing £7,244 per annum in net income, reflecting a net yield of 7.4% at an asking price of £97,500. The property also benefits from a city centre location, excellent transport connectivity, and access to key leisure amenities.