Property Details: • Type: Apartment • Tenure: LEASEHOLD • Floor Area: 644 sqft

Key Features:

Location: • Nearest Station: Longbridge Station • Distance to Station: 0.3020723685810691 miles

Agent Information: • Address: The Lightwell, 61-63 Brown Street Manchester M2 2JG

Full Description: Three flats on Bristol Road South - all identical three beds in Northfield, Birmingham, B31 2TF<br />Currently let at £850 PCM, providing immediate rental income<br />7.4% net yield <br />Long 999-year lease from 2006<br />Low annual service charge (£1,100) and ground rent (£250)<br />Strong tenant demand from students and young professionals<br /><br />Well-presented three-bedroom investment properties located in the popular residential area of Northfield, offering an excellent opportunity for investors seeking strong, consistent rental returns.<br /><br />Each property is currently let at £850 per calendar month, generating an annual rental income of £10,200. After accounting for the annual service charge of £1,100 and ground rent of £250, the property delivers a net income of £8,850, equating to an attractive net yield of approximately 7.4% at the asking price of £120,000.<br /><br />Featuring a 999-year lease from 2006, providing long-term security and peace of mind for investors, with no near-term lease concerns.<br />Situated along Bristol Road South, these properties benefits from excellent connectivity into Birmingham city centre, as well as convenient access to local shops, supermarkets, and transport links. Northfield is a well-established residential area popular with tenants due to its affordability and accessibility, and they lie within easy reach of the University of Birmingham, supporting consistent rental demand from students and young professionals alike.<br /><br />From an investment perspective, these properties offer a strong balance of affordability and return, with a reliable income stream already in place. The healthy net yield, long lease, and location within a high-demand rental area make these solid, low-entry investments with potential for long-term capital growth.<br /><br />Notably, the same landlord owns two additional identical units within the development and is open to selling all three properties either as a portfolio or individually. This presents a rare opportunity to acquire multiple income-generating units in a single location, allowing for potential management efficiencies and portfolio scaling.<br />A compelling, income-producing asset in a proven rental location.<br /><br />LET PURE INVESTOR TAKE THE STRAIN AWAY …<br /><br />We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.<br /><br />Fully managed lettings and property management service<br />Comprehensive coverage throughout England and Wales<br />One team, one fee across your full portfolio<br />Rental income protection available<br />Transfer your existing properties quickly and easily<br />If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team