Cash-ready buy-to-let with immediate rental potential and parking.
Estimated net rental yield 8%
This mid-terraced three-bedroom home in B44 is presented as a ready-to-rent investment with an estimated net rental yield of 8%, making it attractive to cash buyers and buy-to-let portfolios seeking immediate income. The property offers practical living space across two storeys, a contemporary-feeling living room, a fitted kitchen, one family shower room and a multi-level rear garden. Off-street parking adds tenant appeal in this busy area of Birmingham.
A significant caution: the property is currently leasehold with only 44 years remaining. Many mainstream mortgage lenders will refuse to lend on such a short lease, so this will largely suit cash buyers or investors able to arrange specialist lending. There is a modest ground rent of £25 per year and an option to purchase the freehold, which may be essential to secure mortgageability and long-term value.
Location strengths include fast broadband, excellent mobile signal and transport links with nearby road access and Hamstead railway within a few kilometres. Local schools have Good Ofsted ratings and amenities such as supermarkets and museums are within reach. The surrounding area shows signs of deprivation, so expect lower capital-growth prospects and management needs associated with Social Renting Young Families in hampered neighbourhoods.
Practical sale notes: appliances and systems in photos are untested and subject to a fixtures agreement. A non-refundable reservation fee of £500 plus deposit terms apply on offer acceptance. Buyers should factor in potential freehold purchase costs, any necessary legal or survey fees, and the possibility of targeted refurbishment to maximise rental income or resale value.
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