Summary - 35 TOWNLEY GARDENS BIRMINGHAM B6 6LP
3 bed 1 bath End of Terrace
Steady income with tenant in place and freehold ownership.
- Freehold three-bedroom end terrace, approx. 698 sq ft
- Let on 5-year AST from 15/11/2024; income guaranteed until Nov 2029
- Current rent: £750pcm (first 3 years), £800pcm thereafter
- EPC rating D; electric room heaters, likely higher running costs
- Requires modernization; dated kitchen and bathroom
- Small paved front and rear gardens; low maintenance
- Auction sale: 10% deposit and 4.8% buyers’ fee apply
- Located in a very deprived area; consider resale/growth risk
A three-bedroom end terraced freehold offered at auction with tenants in situ and a secure income stream. The property is let on a five-year AST from 15/11/2024, producing £750 pcm for the first three years and £800 pcm for the remaining two years, giving predictable cashflow until November 2029.
Internally the house is functional but dated: electric room heaters, double glazing of unknown age, and a D EPC rating. Accommodation includes a lounge/diner, kitchen, three bedrooms and a bathroom across approximately 698 sq ft. Both front and rear gardens are paved and maintenance-light but small.
This lot suits buy-to-let investors seeking an immediate rental income and hands-off management at a low entry price. Buyers should be aware this is an unconditional auction sale with a 10% deposit (min. £5,000) and a buyers’ fee (4.8%, min. £6,000 inc. VAT). Read the Legal Pack for any additional fees or special conditions.
Consideration should be given to refurbishment potential and ongoing running costs: heating is electric (no mains gas), the EPC is D, and the property is in a very deprived local area which can affect long-term growth and resale. Broadband and mobile signals are good, and nearby schools and community amenities are within walking distance.
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