Summary -
Apartment 24, The Horizon,54 New Coventry Road,Sheldon,BIRMINGHAM,B26 3BB
B26 3BB
2 bed 2 bath Flat
Immediate rental income with tenant in situ and strong gross yield.
2 bedrooms, 2 bathrooms in modern development
Currently let with long-term tenants intending to remain
Gross annual income £11,400 (approx 9.3% gross yield)
Leasehold tenure — check lease length and service charges
Shared private off-street parking; no private garden
Area classified as deprived; crime level is high
Buyer's premium applies on sale — budget for extra costs
657 sq ft overall; average-sized rooms and balcony
A compact two-bedroom apartment offering strong immediate rental returns in a modern development on New Coventry Road. With two bathrooms, a balcony and 657 sq ft of living space, the flat is currently let and producing reliable income, making it suited to investors seeking an off-the-shelf addition to a portfolio.
Financially the figures are clear: the property produces a gross annual income of £11,400, equating to about a 9.3% gross yield at the current price. Long-term tenants are in place and intend to remain, so the purchase will likely deliver uninterrupted rental income from day one. The Let Property Pack contains tenancy contracts and fuller income projections for due diligence.
Buyers should note material points that affect running and resale. The property is leasehold; communal, shared parking is provided and there is no private garden. The neighbourhood scores as deprived with higher-than-average crime, which may affect tenant profiles and long-term capital growth. A buyer’s premium applies on sale — factor this into purchase costs.
Overall this is a straightforward buy-to-let opportunity for investors who prioritise immediate income over short-term capital uplift. Review the tenancy paperwork and service charge/lease details to confirm net yield after fees and management costs.
2 bedroom flat for sale in New Coventry Road, Birmingham, B26 — £140,000 • 2 bed • 2 bath • 657 ft²
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