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2 Bed Apartment House For Sale Rea Road, Birmingham, B31

£130,000- Apartment

Yield: 6.14%
1 of 9
Yield: 6.14%
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  • Rental Guide: £530 - £665
  • 2 Bedroom(s)
  • Description
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Key Features

  • 2 Bedroom Ground Floor Apartment
  • Great Location Close To Railways Stations, Park And Shops
  • Master With En-suite
  • Open Plan Kitchen And Lounge
  • Secure Intercom Access
  • Allocated Parking
  • Central Heating
  • Double Glazing
  • Long Lease
  • Vacant Possession
Last Updated: 28th May 2020

Description

VERY WELL PRESENTED TWO BEDROOM GROUND FLOOR APARTMENT SITUATED IN THE POPULAR AND EXCLUSIVE RIVERPARK WAY DEVELOPMENT IN NORTHFIELD BENEFITTING FROM ALLOCATED PARKING AND BEING CLOSE TO ALL LOCAL AMENITIES AND TRANSPORT LINKS. LONG LEASE

COMMUNAL ENTRANCE HALLWAY
With carpet and stairs off

RECEPTION HALLWAY
With laminate flooring. Ceiling Light Point. Telephone Point. Central Heating Radiator. Further door to

HALLWAY
Door to large storage Cupboard / Cloakroom and further doors to all rooms. Laminate flooring.

OPEN PLAN LOUNGE / KITCHEN

LOUNGE AREA
3.77m x 3.73m
Two double glazed windows to front and side aspects. Laminate flooring. TV Aerial Point. Telephone Point. Ceiling Light Point. Two Central Heating Radiators. Open to

KITCHEN
3.73m x 1.96m
Range of floor units with worktop and complimentary splash backs. Stainless Steel sink, drainer and mixer tap. Integral Electric Fan Oven. Integral Gas Hob with Extractor fan over. Cupboard housing boiler. Plumbing for Washing Machine. Laminate flooring. Ceiling Light point. Double glazed window to front aspect.

MASTER BEDROOM
4.54m max x 2.64m
Double glazed Window to front aspect. Central heating Radiator. Laminate flooring. Ceiling Light point. TV Aerial point. Door to

EN-SUITE
2.13m x 1.67m
Pedestal Washbasin. Low level flush WC. Shower cubicle. Tiled splash backs. Lino Laminate effect flooring. Extractor fan. Ceiling Light point. Central Heating Radiator.

BEDROOM 2
3.43m x 2.41m
Double glazed Window to side aspect. Central heating Radiator. Laminate flooring. Ceiling Light point.

BATHROOM
2.00m x 1.80m
Pedestal Wash basin. Low Level flush WC. Bath with Shower attachment over. Tiled Splash backs. Ceiling light point. Central Heating Radiator. Extractor fan. Lino flooring.

ALLOCATED CAR PARKING

TENURE Property is believed to have 108 years unexpired Lease subject to confirmation of a Solicitor.
Agent Details
Gordon Jones
137, New Road, Birmingham, B45 9JR
Show Contact Number
0121 453 8151

Forecast Score

Based on our analysis this property has been scored as:

Data Classified: Partially Classified
6.4

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is a lack of data to forecast this property with regards in comparison with local sold prices.
0

Profitability

Good rental demand in this area.
10

Interest Rates

Bank of England Base Rate:
0.1%
Lower interest rates mean lower mortgage payments and makes property more affordable historically in times of low interest rate property prices tend to increase.
10

Mortgage Availability

Good mortgage availability causes property prices to increase as people can get mortgages and buy property.
10

Fiscal Policy

Due to recent economic uncertainty the government has adjusted their spending levels and lowered tax rate. Pumping money into the economy and its central bank in order to increase money supply.
10

Comparison with other investment alternatives

Investing in this property will give you a higher return when compared to other alternative investments.
7

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
2 bedroom properties in proximity are mostly listed £0 - £665 – 0 recently listed properties were found in that band. However, the highest were £0, £0, £0.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested