Warwick Road, Birmingham

PROPERTY DESCRIPTION

This top floor leasehold apartment presents an attractive opportunity for cash buyers and investors, currently generating £1,200 per month in rental income. With approximately 60 years remaining on the lease, the property is offered as a cash purchase only, as the short lease length is likely to make mortgage finance difficult to obtain.

The property is formally arranged as a two bedroom apartment with a separate living room, which is currently used as a third bedroom. This provides three usable sleeping rooms alongside the kitchen area, family bathroom, and useful storage cupboard.

The current rental arrangement generates £1,200 per month, equivalent to approximately £14,400 per annum gross rental income. At the asking price of £75,000, this represents an approximate 19.2% gross rental yield, before allowing for service charges, other property costs, taxation, and any periods of vacancy.

The property is fully furnished, with all furnishings included within the sale. The property is currently tenanted, although the purchaser has the option to acquire the property with the existing tenants or with vacant possession, subject to the agreed terms of sale.

With approximately 600 sq ft of internal accommodation, the apartment provides practical living space and flexibility for its current rental arrangement. The top floor position also offers added privacy and natural light.

The approximately 60 year lease is the key consideration for purchasers. The property is therefore suited to cash buyers only. The lease offers potential for extension through the relevant legal process, subject to the applicable requirements, valuation, costs, and purchaser eligibility. A lease extension could also improve the property's future mortgageability and marketability, subject to the terms and outcome of the extension process.

LOCATION & LOCAL AMENITIES

Situated on Warwick Road in Tyseley, the apartment occupies a convenient position close to a wide range of local amenities. Nearby shops, supermarkets, takeaways, cafés, and everyday services provide excellent convenience for residents, while Acocks Green and Yardley offer further shopping, dining, and leisure facilities.

Tyseley Train Station is within easy reach and provides regular rail services towards Birmingham Moor Street and Birmingham Snow Hill, making the property particularly convenient for commuters.

Regular bus services operate along Warwick Road and surrounding routes, while the A45 Coventry Road provides direct access towards Birmingham City Centre, Solihull, Birmingham Airport, the NEC, and the M42 motorway network.

The location, accessible purchase price, and established rental income combine to make this an attractive option for investors seeking rental income in an established Birmingham location.

ADDITIONAL INFORMATION

EPC Rating: D

Council Tax Band: A

Tenure: Leasehold

Remaining Lease: Approx. 60 Years

Ground Rent, Service Charge & Insurance: Approx. £3,000 Per Annum Combined

Chain Status: Chain Free

Square Footage: Approx. 600 sq ft

Current Rental Income: £1,200 Per Month

Gross Rental Yield: Approx. 19.2% Based on £75,000 Purchase Price

Furnishings: Included

Occupancy: Currently Tenanted, Vacant Possession Also Available

Purchase Type: Cash Buyers Only

VIEWINGS

Strictly by prior appointment with Property Pro.

Please do not approach the premises directly under any circumstances.

LEGAL & COMPLIANCE INFORMATION

MATERIAL INFORMATION & DUE DILIGENCE

Property Pro has requested all relevant material information from the seller in line with the Consumer Protection from Unfair Trading Regulations 2008 and has taken reasonable steps to ensure accuracy at the time of marketing. Some details may be unverified or subject to change. Buyers are strongly advised to carry out their own due diligence, including inspections, searches, lease documentation, rental arrangements, and professional enquiries, to satisfy themselves as to the suitability of the property and investment. In accordance with the Money Laundering Regulations, prospective purchasers will be required to provide identification at the appropriate stage.

GENERAL DISCLAIMER & MISREPRESENTATION ACT NOTICE

These particulars are prepared in good faith but do not form part of any offer or contract. All descriptions, dimensions, references to condition, planning permissions, services, rental figures, lease terms, and other details are provided without responsibility and should not be relied upon as statements or representations of fact. Purchasers must verify all information independently. No employee of Property Pro has authority to make or give any warranty in relation to this property. Images and marketing materials are for illustrative purposes only and may not fully represent the property. In accordance with the Misrepresentation Act 1967, intending purchasers must satisfy themselves as to the accuracy of the information provided.