Property Details: • Type: Terraced • Tenure: Freehold • Floor Area: N/A
Key Features: • Buy-to-let property investment • 3 Bedroom mid terraced property • Redecorated 12 months ago and new boiler installed 12 months ago also • Potential annual rental income of £12,600
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: The Lightwell, 61-63 Brown Street Manchester M2 2JG
Full Description: Overview * Type: 3-bedroom mid-terrace, Freehold * Condition: Recently refreshed-decorated 12 months ago; new boiler installed ~12 months ago * Occupancy: Let to current tenants on a rolling contract * Rental Income: £825 pcm * Energy Performance: EPC Rating D
Financial Snapshot & Yield Analysis Metric Current (at £825 pcm) Potential (at £1,050 pcm) Annual Rent £9,900 £12,600 Estimated Capital Value £210,000 £210,000 Gross Yield 5% 6% * Current gross yield: 5% * With rent adjusted to local average (£1,050 pcm): yield improves to 6%.
Why 61 Ashill Road Stands Out * Key investment fundamentals: low entry cost, immediate income, value-add potential. * Positioned for yield enhancement: modest improvements or re-letting at full market could lift returns significantly. * Strong capital holding in a stable, sought-after suburb of Birmingham, with nearby green spaces (Lickey Hills) and commuter access. * Excellent investor appeal: minimal initial outlay, reliable tenancy, and flexibility to exit or upscale hold.
________________________________________ In Summary: 61 Ashill Road represents a solid, low-risk investment: benefitting from an existing rental income stream, environmentally refreshed and mechanically updated, with clear hedges for income growth and capital appreciation. Whether as a hands-off rental asset or three-bed yield play, it's well-suited to both first-time and seasoned investors.