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3 bedroom property for sale
Oval Road - 3 Bed Ground Floor Flat, Birmingham, B24
£235,000
Oval Road - 3 Bed Ground Floor Flat, Birmingham, B24
£235,000
Our Summary
- A solid, long-term asset with full ownership and control—offering capital growth potential alongside rental returns
- The OPA is pleased to present this hands-off investment opportunity, offering an impressive net rental income of £33,000 per annum (£2,750 per month) and a remarkable 14% net rental yield
- TENURE & INVESTMENT OPPORTUNITY
- Confirm existence and nature of any known planning or proposals for development
- Cash buyers preferred
- Cash purchasers preferred
- Virtual Freehold (999-Year Lease) with Share of Freehold – A Prime Investment Opportunity
Description
This exceptional hands-off investment opportunity offers a strong and consistent income stream, generating £33,000 per annum (£2,750 per month) and a remarkable 14% net rental yield. The property is a 3-bedroom flat, fully tenanted under a 7-year lease to a reputable accommodation provider company, with the tenant responsible for all operating costs, including rent, utility bills, council tax, and general repairs and maintenance. The property is located in Erdington, Birmingham, an area with excellent transport links and a mix of residential, commercial, and green spaces. With a share of freehold title and a new 7-year lease in place, this investment offers a highly attractive return, minimal involvement from the landlord, and maximum net returns. The property will be newly renovated throughout before completion, making it an ideal opportunity for hands-off, high-yield seekers.