1 bedroom flat for sale

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1 bedroom flat for sale

Springfield Road, Birmingham, B13
£81,000

Price History

Initial price £105,000
16/04/24 £103,000
25/04/24 £101,000
01/05/24 £99,000
08/05/24 £110,000
15/05/24 £108,000
23/05/24 £106,000
30/05/24 £104,000
06/06/24 £102,000
13/06/24 £100,000
21/06/24 £110,000
27/06/24 £108,000
09/07/24 £97,000
22/07/24 £95,000
02/08/24 £91,000
09/08/24 £89,000
16/08/24 £97,000
25/08/24 £95,000
08/09/24 £93,000
12/09/24 £91,000
25/09/24 £97,000
02/10/24 £95,000
08/10/24 £93,000
15/10/24 £91,000
23/10/24 £89,000
29/10/24 £87,000
05/11/24 £85,000
12/11/24 £83,000
18/11/24 £81,000
Price Change -22.86%

Description

This 1-bedroom flat in Birmingham is a great investment opportunity for those looking to expand their portfolio. The property is close to amenities, has a tenant already in situ, and generates a current annual gross income of £7,800, which could be increased to £10,800 with the right management. The property is well-maintained and features a lounge, kitchen, three-piece bathroom, and rear garden space. The current tenants have been long-term and reliable, paying rent consistently, and do not intend to move out. With a competitive purchase price, this property has the potential to be a worthwhile addition to an investor's portfolio, offering a strong yield and minimal vacancy risk.