Summary - 73 FALKLAND WAY BIRMINGHAM B36 0LX
2 bed 1 bath Apartment
Immediate rental income with garden and garage, ideal for investors or DIY buyers.
Tenant in situ paying £750pcm (can be sold vacant if required)
Gross yield approximately 7.5% at £120,000 asking price
Good-sized private garden and single garage parking
Gas central heating and double glazing throughout
Leasehold with 88 years remaining
EPC rating E; cavity walls assumed uninsulated (upgrade needed)
Area classified as very deprived; local crime above average
No onward chain; sold with shared entrance and one neighbour
This first-floor, two-bedroom apartment offers an immediate rental income stream with a tenant paying £750pcm, representing a gross yield of about 7.5% at the current £120,000 asking price. The property includes a private entrance, good-sized garden, garage parking and useful built-in storage — practical assets that appeal to long-term lettings or resale after light refurbishment.
The accommodation is straightforward: bright living room, fitted kitchen, modern bathroom, gas central heating and double glazing. The block dates from the late 1960s/early 1970s and benefits from standard-height ceilings and a compact, easy-to-manage footprint. Offered with no onward chain, it can be sold with the existing tenant in situ or with vacant possession to suit buyer preferences.
Be clear about the material considerations. The property is leasehold with 88 years remaining, has an EPC rating of E and the cavity walls are assumed uninsulated — improvements would be needed to raise energy performance. The surrounding area shows signs of socioeconomic challenge (very deprived area classification) and local crime is above average; nearby schools have mixed Ofsted outcomes. These factors may affect long-term capital growth and lettability for certain tenant profiles.
For an investor this is a low-complexity purchase with immediate income and scope to add value through energy and cosmetic upgrades. For an owner-occupier or first-time buyer prepared to accept the local area context, the garden, garage and transport links are practical advantages. All details should be weighed against the lease length and the likely cost of any necessary refurbishment or insulation works.
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