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3 bedroom terraced house for sale
Ashill Road, Birmingham, B45
£199,950
Ashill Road, Birmingham, B45
£199,950
Our Summary
- Overview Type: 3-bedroom mid-terrace, Freehold Condition: Recently refreshed and decorated 12 months ago; new boiler installed ~12 months ago Occupancy: Let to current tenants on a rolling contract Rental Income: £825 pcm Energy Performance: EPC Rating D Financial Snapshot & Yield Analysis Metric Current (at £825 pcm) Potential (at £1,050 pcm) Annual Rent £9,900 £12,600 Gross Yield 5% 6% Current gross yield: 5% With rent adjusted to local average (£1,050 pcm): the yield improves to 6%
Description
61 Ashill Road is a solid investment opportunity that offers a reliable rental income stream, with the property recently refreshed and decorated, and a new boiler installed. The property is currently let to tenants on a rolling contract, generating an annual rent of £9,900 and a gross yield of 5%. With a potential rent adjustment to £1,050 pcm, the yield could improve to 6%. The property's key investment fundamentals include a low entry cost, immediate income, and value-add potential, making it an attractive option for both first-time and seasoned investors. The property is well-positioned for yield enhancement, with modest improvements or re-letting at full market rates potentially lifting returns significantly. Additionally, the property is located in a stable and sought-after suburb of Birmingham, with nearby green spaces and commuter access, making it an excellent long-term capital holding.