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1 bedroom flat for sale
Masshouse Plaza, Birmingham B5
£138,000
Masshouse Plaza, Birmingham B5
£138,000
Price History
Initial price | £150,000 |
18/09/24 | £147,000 |
30/09/24 | £140,000 |
11/10/24 | £136,000 |
18/10/24 | £134,000 |
26/10/24 | £132,000 |
31/10/24 | £130,000 |
07/11/24 | £128,000 |
14/11/24 | £126,000 |
20/11/24 | £138,000 |
Price Change | -8.00% |
Description
This 1-bedroom flat in Birmingham offers a lucrative investment opportunity for property investors. The property is well-maintained and features a lounge, kitchen, and ensuite, with a current annual gross income of £11,400. With a market rate of £13,320, the new owner can increase the rental returns by negotiating a higher rent with the long-term tenants, who have been paying consistently for several years and have no plans to move out. The property's proximity to amenities and its potential for rental returns make it an attractive addition to an investor's portfolio.