1 bedroom apartment for sale

  • £120,000
  • 9.7% Rental Yield
  • 81 ALI
56 New Coventry Road, Birmingham, B26
For Sale

1 bedroom apartment for sale

56 New Coventry Road, Birmingham, B26
  • £120,000
  • 9.7% Rental Yield
  • 81 ALI

Overview

Updated on February 15, 2023
  • Property Type
  • 1
  • Bedroom
  • 1
  • Bathroom
    • Sq Ft
  • Year Built

Description

The Property
A well presented and spacious one bed room apartment situated in a popular residential building in Sheldon.

The apartment has a Juliet Balcony off the Lounge/Kitchen and has been maintained to a high standard, this would be a great opportunity for first time buyers or investors.

Situated in a convenient residential location having access to local amenities such as shops and restaurants, it offers good travel links to Solihull, Birmingham City Centre, the A45 and M42.

Accommodation comprising, entrance hallway, lounge/kitchen, bedroom and bathroom. The property also comes with allocated parking and lifts to all floors.

Lease Information
The following information has been provided by the current home owner. This information has not been verified by Purplebricks and will need to be confirmed by the purchasers legal representatives.

Lease Length: Approximately 125 years remaining.

Ground rent - approximately £128.00 P/A

Service Charges - £707.34 P/A

Insurance Recharge - £145.74

This includes building insurance, an allocated car parking space, lifts to all floors, communal and window cleaning.

Property ownership information

Tenure: Leasehold

Council tax band: A

Annual ground rent: £128.00

Ground rent review period: No review period

Annual service charge: £853.18

Service charge review period: No review period

Lease end date: 03/06/2147

Disclaimer for virtual viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.

Arical Liveability Index

81
Schools
Good
Restaurants
Good
Transport
Good
Service
Good
Groceries
Good
Safety
Good

What's Nearby?

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Predicted Rental Yield

9.7%

Rental yield is the return a property investor is likely to achieve on a property

Transaction Nearby

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