1 bedroom apartment for sale

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1 bedroom apartment for sale

Spinney Close, B78
£118,000

Price History

Initial price £125,000
08/08/25 £120,000
27/08/25 £118,000
Price Change -5.60%

Description

This exceptional one-bedroom flat in Birchmoor, Polesworth, offers a rare opportunity for investors to acquire a well-maintained property with a stable tenancy in place. The property boasts a modern kitchen and bathroom, and is located in a quiet cul-de-sac with off-road parking and communal gardens. The current tenancy started in May 2022 and is fully paid up with no arrears, providing immediate income. The property offers a gross yield of 7.75% and a net yield of 7.16%, making it an attractive addition to any investment portfolio. With a share of freehold and approximately 974 years remaining on the lease, the property also offers long-term value and security. The property is fully managed, with no managing agent fees, and is available for viewings, subject to respecting the tenants' right to a peaceful environment.