Summary - 36, CHESWOOD DRIVE B76 1YE
2 bed 1 bath Maisonette
Immediate rental income with allocated parking and communal green space.
Two double bedrooms and spacious living room
A straightforward buy-to-let with tenants in situ, this two-bedroom ground-floor maisonette produces an estimated 7.3% yield and immediate rental income. The layout includes two double bedrooms, a roomy living area, fitted kitchen and a bathroom with an electric shower. The property benefits from double glazing, communal green space, an allocated off-street parking space and a small rear garden.
Important practical details affect suitability: the lease has only 47 years remaining, which will make mortgage lending difficult or impossible for many buyers. The sale is by auction (Modern Method of Auction) and a non-refundable reservation fee will apply; buyers should review the Buyer Information Pack before bidding. Heating is by electric storage heaters and the vendor has not tested electrical or heating systems, so buyers should budget for any necessary checks or updates.
Financially, the service charge and ground rent are low and council tax is affordable (Band B), supporting the rental numbers shown. The property sits in a comfortable suburban area with fast broadband and excellent mobile signal, close to Minworth retail park, bus routes and the A38/M6 — practical for commuter tenants.
This is a pragmatic purchase for an investor who accepts auction purchase mechanics and lease limitations. It supplies instant cashflow with limited immediate refurbishment, but the short lease is a material drawback that may restrict exit options or require enfranchisement expenditure in future.
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