Summary - 36 CHESWOOD DRIVE MINWORTH SUTTON COLDFIELD B76 1YE
2 bed 1 bath Maisonette
High-yield buy-to-let with immediate income and improvement potential.
Two bedrooms, one bathroom ground-floor maisonette
Currently tenanted — immediate rental income and yield (~9.3%)
Leasehold with 47 years remaining — likely mortgage issues
For sale by auction — 56-day completion and reservation fee applies
Electric storage heating; older double glazing pre-2002
Private garden and own entrance; small overall footprint
Service charge £129 pa and ground rent £52.50 pa (both low)
Local crime level higher than average — factor for tenants/insurance
This ground-floor two-bedroom maisonette in Minworth is aimed squarely at investors seeking immediate income. It is currently tenanted and advertised with a gross yield of around 9.3%, providing rental return from day one. The layout is practical: separate kitchen, lounge, two bedrooms and a three-piece bathroom across approximately 592 sq ft.
Buyers should note important legal and finance considerations. The flat is leasehold with only 47 years remaining. Many mortgage lenders refuse loans on short leases, so purchase will likely need to be cash or specialist finance. The property is being sold via the Modern Method of Auction and carries a non-refundable reservation fee and a 56-day completion timetable.
The maisonette requires no major decoration to be lettable but does offer scope for basic improvements to increase long-term value or rents. Heating is by electric storage heaters and glazing is older double glazing; check histories for electrical heating performance and any maintenance needs. Service charge and ground rent are low (£129 pa service charge, £52.50 pa ground rent).
Location is practical for tenants: close to shops, bus links and major roads, with several well-rated primary and secondary schools nearby. Note the local crime indicator is higher than average for the area; factor this into tenant demand and insurance. Overall, this is a compact, lettable investment with strong yield potential but material lease and auction-related constraints that affect mortgageability and sale costs.
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