1 bedroom flat for sale

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1 bedroom flat for sale

Gillott Road, Edgbaston, Birmingham
£110,000

Price History

Initial price £115,000
16/05/24 £110,000
Price Change -4.35%

Description

This investment property in Edgbaston generates a monthly income of £745, equivalent to an attractive yield of 7.7%. The tenant has been in residence since May 2023 and is responsible for covering all bills under a periodic tenancy agreement. The property features a spacious one bedroom apartment with a modern open plan kitchen/living room, double bedroom, and shower room. The apartment boasts sleek laminate flooring, modern appliances, and gas central heating and double glazing for added comfort. The property has approximately 107 years remaining on the lease and is subject to a ground rent of £100 per year and a service charge of £100 per year. The purchase of the property is subject to a £2,500 plus VAT buyers fee.