2 bedroom flat for sale

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2 bedroom flat for sale

Gravelly Lane, Birmingham, B23
£117,000

Price History

Initial price £125,000
02/11/24 £123,000
08/11/24 £121,000
18/11/24 £119,000
22/11/24 £117,000
Price Change -6.40%

Description

This 2-bedroom flat in Birmingham is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, three-piece bathroom, and two bedrooms, as well as a driveway. Currently, the property produces an annual gross income of £9,000, but with a new owner, this could be increased to a market rate of £10,800 with tenants already in situ. The current tenants have consistently paid their rent and have no intention of moving out, making for a smooth transition. With a worthwhile addition to an investor's portfolio and a tenant already in place, this property offers a rewarding rental return and valuable amenities in close proximity.