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3 bed terraced house
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Price History
Our Summary
- Strong investment Opportunity With Established Tenancy In Place
- DESCRIPTION The OPA is delighted to present this hands-off investment opportunity
- This well-presented three-bedroom terraced house offers an excellent investment opportunity, being leased to a housing provider, generating an immediate rental income of £1,400 per calendar month
- TENURE & INVESTMENT OPPORTUNITY • Freehold: The property is sold freehold with a 3-year lease in place
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Description
The property is a three-bedroom mid-terraced house with approximately 753 sq. ft. of internal accommodation. It has an entrance hallway, spacious reception room, fitted kitchen, three well-proportioned bedrooms, and a family bathroom. The property also features a rear garden and is heated by gas central heating.
It is situated on Electric Avenue, a well-connected area of Birmingham with access to local amenities, schools, supermarkets, and public transport links. The property is freehold and benefits from a 3-year lease to an accommodation provider, generating a net rental income of £16,800 per annum (£1,400 per month). The property extends to the boundaries of the property and is not subject to any restrictive covenants, easements, or servitudes.