>
4 bedroom terraced house for sale
10% Net Yield, £26'000 PA Net Rent, London Road, Birmingham, B20
£260,000
10% Net Yield, £26'000 PA Net Rent, London Road, Birmingham, B20
£260,000
Our Summary
- Would you like a hands off investment opportunity
- Here are the benefits for you: * Secure your dream property straight away * Properties are realistically priced * Similar to a "normal" or "conventional" sale with a few measures to protect the buyer and the seller * Focuses on speed * Mortgage buyer friendly * Suitable for first time buyer * Mortgage buyers and cash buyers compete on equal terms * No competitive bidding * No risk of being gazumped * Minimises risk of fall throughs Secure It Now Exclusivity Package - How does it work
Description
This deceptively spacious, newly renovated, mid-terraced property in Birmingham is a hands-off investment opportunity. The property boasts four bedrooms, each with en-suite facilities and tea stations, and is fully renovated throughout to a high standard. It is let on a 5-year lease for £26,000 per annum, producing a 10% net yield. The property is located in a popular residential area, within walking distance to a one-stop shopping centre, transport links, and local shops and amenities. Birmingham is undergoing significant economic and cultural growth, with a growing demand for property and increasing rents. The property is freehold, with a new 5-year FRI lease, and the buyer will be responsible for bills, council tax, and internal repairs and maintenance. The seller is motivated and willing to price the property competitively, and the buyer can secure the purchase with a 2% buyer's "Secure It Now Exclusivity fee", which includes a legally binding contract, a fixed exclusivity period, and protection from gazumping.