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6 bed property
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Our Summary
- For Sale Via Modern Method Of Auction
- Scope for Rental Uplift
- A rare investment opportunity to acquire an established income-producing investment situated in a strong rental location with consistent tenant demand
- This substantial detached period property comprises of six self-contained one bedroom apartments offering a current rental yield of circa 7% with further value-add potential, offered for sale by Modern Method of Auction with tenants in situ providing immediate cash flow alongside scope for rental growth or serviced accommodation conversion (subject to consents)
- The building has been maintained and improved over time, with three of the apartments having been renovated to a high contemporary standard and three value-add units, providing immediate income alongside significant scope for rental growth and repositioning
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Description
The property is a detached period house located in a strong rental area. It consists of six self-contained one-bedroom apartments, three of which have been renovated to a high contemporary standard and three with value-add potential. The property features a penthouse apartment with a spacious living area and modern bathroom, as well as a basement with storage space and a communal patio and garden area to the rear.
The external areas of the property have an impressive EPC rating of D or E, indicating a moderate level of energy efficiency. The property is situated in a convenient location close to Acocks Green Railway Station, offering access to Birmingham City Centre and surrounding areas.