Bankside, Birmingham, B43

Three-Bedroom Semi-Detached Home | Newly Renovated | Tenants in Situ | £1,130 PCM Rental Income

£230,000

Yopa are delighted to present this beautifully renovated three-bedroom semi-detached property, situated in a quiet and established location in Bankside, Great Barr, B43.

The property has been newly renovated throughout, including a brand-new kitchen, brand-new bathroom and newly rendered exterior, making this an attractive opportunity for an investor seeking a property with an existing rental income.

The property is currently tenanted and generating £1,130 per calendar month, providing an annual rental income of £13,560.

Key Features

• Three-bedroom semi-detached property

• Newly renovated throughout

• Brand-new kitchen

• Brand-new bathroom

• Three excellent-sized bedrooms

• Large lounge

• Driveway parking

• Good-sized rear garden

• Newly rendered exterior

• Tenants currently in situ

• Current rental income of £1,130 PCM

• Annual rental income of £13,560

• Quiet residential location

• EPC Rating D

• Council Tax Band A

• Sandwell Council

Ground Floor

The ground floor offers a spacious and welcoming layout, beginning with a large lounge providing a comfortable main living space.

To the rear is the brand-new kitchen, which has been fitted as part of the property's recent renovation and provides a practical space for cooking and everyday living.

The ground floor is complemented by access to the rear garden and the property's newly improved accommodation.

First Floor

The first floor provides three excellent-sized bedrooms, offering comfortable accommodation for tenants and making the property an attractive proposition for the rental market.

The property also benefits from a brand-new family bathroom, completing the first-floor accommodation.

Outside

To the front is a private driveway, providing valuable off-road parking.

The rear of the property benefits from a good-sized garden, providing useful outdoor space for tenants and further enhancing the property's appeal.

The exterior has also been newly rendered, giving the property a fresh and modern appearance.

Investment Opportunity

This property presents an excellent opportunity for an investor looking to acquire a recently renovated property with tenants already in situ.

The current rental income is:

£1,130 PCM

£13,560 per annum

Having tenants already in place means the property offers the potential for rental income from completion, subject to the terms of the existing tenancy and the purchaser's due diligence.

The property has also undergone significant improvement, including the new kitchen, new bathroom and newly rendered exterior, reducing the need for immediate refurbishment compared with many investment properties.

Prospective purchasers should satisfy themselves regarding the tenancy agreement, rental terms, deposit arrangements and all other relevant legal and financial matters before proceeding.

Location – Bankside, Great Barr

The property is situated in the popular Great Barr area, within the B43 postcode district.

The surrounding area provides access to a range of local shops, supermarkets, schools, leisure facilities and everyday amenities, making the location convenient for residents and tenants alike.

Great Barr also benefits from good transport connections, with road links providing access towards Birmingham, Walsall, West Bromwich and the wider West Midlands.

The area's established residential character and accessibility make it an attractive location for both owner-occupiers and rental property investors.

Property Information

Property Type: Semi-detached
Bedrooms: Three
Tenure: To be confirmed
Tenants: Currently in situ
Rental Income: £1,130 PCM
Annual Rental Income: £13,560
Council Tax: Band A
Council Tax Estimate: Approximately £1,496 per annum
Local Authority: Sandwell Council
EPC: D
Parking: Driveway
Garden: Good-sized rear garden

Overall

This is a fantastic opportunity for an investor looking for a renovated three-bedroom semi-detached property with an existing rental income.

With a brand-new kitchen and bathroom, three excellent-sized bedrooms, large lounge, driveway, good-sized rear garden and newly rendered exterior, the property has been significantly improved and is presented as an attractive investment proposition.

With tenants already paying £1,130 PCM (£13,560 per annum), this could be an ideal addition to an existing portfolio or an opportunity for a new investor looking to enter the rental market.

Early viewing is highly recommended.

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.