Summary - 63 Elgin Road, Croydon B66 4LG
4 bed 4 bath Not Specified
**Property Highlights:**
- **Investment Opportunity**: Fully let block of 4 self-contained one-bedroom flats.
- **Strong Rental Yield**: Net rental income of £31,900 per annum (£2,658.33 per month).
- **Location**: High rental demand area near transport links and amenities.
- **Freehold Title**: Offers complete ownership and minimal management requirements.
- **Potential for Upgrades**: Good condition with room for cosmetic improvements to increase value.
- **Parking**: On-street parking available.
This mid-terrace block of four one-bedroom flats presents an attractive turn-key investment, ideal for buyers looking to capitalize on Birmingham's thriving rental market. Each flat is fully self-contained with separate kitchens, lounges, and bathrooms, currently tenanted on Assured Shorthold Tenancy agreements, ensuring a diversified and reliable income stream.
Located on Edgbaston Road, close to excellent transport links, shops, and amenities, this property boasts a strong appeal to professionals and young families. With a current net rental income of £31,900 annually, it offers significant long-term yield potential. Although situated in a borough with above-average crime rates and areas of deprivation, the vibrant local community thrives on its accessibility and amenities.
While all four units are recently upgraded and well-maintained, investors may consider minor cosmetic improvements to further enhance value. This property is more than just an investment; it’s an opportunity to secure a high-demand asset in a rapidly growing city. With the ongoing urban regeneration and infrastructure developments in Birmingham, now is the perfect time to invest. Seize the opportunity before it’s gone!
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