Summary - Apartment 1, 106, Gravelly Lane, BIRMINGHAM B23 6LS
2 bed 1 bath Flat
**Standout Features:**
- 2-bedroom flat in Birmingham
- Currently tenanted with a dependable long-term tenant
- Annual gross rental income of £9,000, with potential to increase to £10,800
- Driveway for off-street parking
- Prime rental location with easy access to amenities
- Leasehold tenure
**Summary:**
This well-kept 2-bedroom flat in a desirable Birmingham location presents an excellent buy-to-let opportunity for serious investors. The current tenant, who has consistently paid rent, hopes to remain, ensuring immediate income and stability. At a purchase price of £120,000, the property generates an annual gross income of £9,000, with the potential to increase to £10,800, making it a potentially lucrative addition to your investment portfolio.
The flat features a contemporary living space with a comfortable lounge, a compact kitchen, and a three-piece bathroom, all basking in natural light. An off-street driveway provides convenient parking. While the property is situated in a major conurbation area with a crime rate above average, it enjoys a thriving rental market, ideal for investors or developers looking to further enhance its value.
Don’t miss this unique opportunity to secure an income-generating property with future renovation potential. Act quickly—properties like this are in high demand!
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