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Ridley Street, Birmingham, West... 1 bed flat for sale
Ridley Street, Birmingham, West Midlands, B1
£170,000
Ridley Street, Birmingham, West Midlands, B1
£170,000
Our Summary
- The apartment provides an excellenet investment opportunity, also benefitting from a lease extension and a peppercorn ground rent
- 67Ground Rent: PeppercornGround Rent Review Period: n/aGround Rent Review Amount: n/aNext Ground Rent Review: n/aParking Arrangements: n/aProperty Construction: Brick slipElectricity Supply: Mains Water Supply: MainsSewerage: Mains Heating Supply: ElectricBroadband: Refer to OfcomMobile Signal Coverage: No known issuesBuilding Safety Issues: NoneRestrictions: NoneRights And Easements: NoneFlood Risks Or Previous Flooding: NoPast Or Present Planning Permissions Or Applications: NoIs the property located in a Coalfield Or Mining Area: NoAGENTS NOTE:We have not tested any of the electrical, central heating or sanitaryware appliances
Description
This one-bedroom apartment is situated on the 2nd floor of Ridley House, a popular development in a convenient location. The property boasts an open-plan living area, a large bedroom with built-in wardrobe, and a modern bathroom. The kitchen is well-equipped with integrated appliances, including a dishwasher, washing machine, dryer, fridge, freezer, oven, and hob. The apartment offers a great investment opportunity, with a tenant in place until October 2024 and a gross yield of 6.3%. The property is close to popular attractions such as The Mailbox and The Cube, and has easy access to transport links, including New Street Station. The apartment is leasehold with a peppercorn ground rent and a service charge of £2,253.67 per annum.