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3 bed flat
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Price History
Our Summary
- The healthy net yield, long lease, and location within a high-demand rental area make these solid, low-entry investments with potential for long-term capital growth
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Description
The property is a triplex of identical three-bedroom flats located on Bristol Road South in Northfield, Birmingham. Each unit has a 999-year lease from 2006 and features long-term rental potential due to strong demand from students and young professionals. The flats are currently let at £850 per calendar month, generating an annual rental income of £10,200, and have been purchased at an asking price of £120,000.
The property has a low annual service charge of £1,100 and ground rent of £250, resulting in a net income of £8,850 and a 7.4% net yield.