Limberlost Close, Birmingham, B20
- PROPERTY TYPE
Flat
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Tenants in situ paying £800 PCM
- Two double bedrooms
- Large lounge
- Lease extension to 125 years on completion
- Service charge of £500 per annum
- Excellent buy-to-let investment opportunity
Description
Two-Bedroom Flat | Tenants in Situ | £800 PCM Rental Income | Handsworth Wood
Yopa are pleased to present this two-bedroom flat in Limberlost Close, Handsworth Wood, offered with tenants currently in situ paying £800 per calendar month, making this an excellent opportunity for landlords and investors looking to add a tenanted property to their portfolio.
The property comprises a large lounge, two double bedrooms, fitted kitchen and family bathroom, providing well-proportioned accommodation throughout.
The property is situated in a popular residential area of Handsworth Wood, with a range of local amenities, schools, shops and transport links within easy reach.
Key Features
- Two double bedrooms
- Large lounge
- Fitted kitchen
- Family bathroom
- Tenants currently in situ
- Current rental income: £800 PCM
- Council Tax Band A
- EPC Rating E
- Service charge: £500 per annum
- Ground rent: £60 per annum
- Lease currently has approximately 34 years remaining
- Lease to be extended on completion to 125 years
- Ideal investment opportunity
Lease Information
The existing lease commenced on 25 February 1962 and currently runs until 25 December 2060, with approximately 34 years remaining.
Importantly, the lease will be extended on completion to provide a new 125-year term, offering additional long-term security for the successful purchaser.
Rental Information
The property is currently occupied by tenants paying £800 per month, providing an existing rental income stream from completion, subject to the terms of the tenancy.
This represents an excellent opportunity for an investor looking for a two-bedroom property with tenants already in situ, while also benefiting from the planned lease extension.
Council Tax: Band A
Council Tax Estimate: £1,578
EPC: E
Service Charge: £1200 per annum
Ground Rent: £200 per annum
Early viewing is highly recommended to appreciate the accommodation and investment potential this property has to offer.
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.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference 508129. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Yopa, North West & Midlands. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.