Woodmeadow Road, Birmingham
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Situated on Woodmeadow Road in Kings Norton, Birmingham, this two-bedroom semi-detached property presents an attractive opportunity for buy-to-let investors looking to expand their property portfolio. The property is offered for sale with tenants in situ, allowing a purchaser to acquire an existing rental property.
The ground floor comprises a reception room providing a comfortable living space, alongside a kitchen/dining room offering practical space for cooking and dining. A conservatory provides additional versatile living space and further enhances the accommodation.
To the first floor, the property offers two bedrooms and a family bathroom. Externally, the property benefits from a rear garden, providing outdoor space, together with off-street parking for added convenience.
The property is situated in an established residential area of Kings Norton, conveniently located for local shops, convenience stores, supermarkets, GP surgeries, dental practices and pharmacies. A selection of nearby schools caters for families, while Kings Norton railway station and local bus services provide transport links to Birmingham city centre and surrounding areas. Nearby parks and recreational spaces also offer opportunities for outdoor leisure and exercise.
Rental Investment Details
Asking Price: £210,000
Current Rental Income: £800 per calendar month
Agreed New Rental Income: £1,100 per calendar month, intended to take effect upon the change of ownership, subject to the agreed arrangements with the tenant
Potential Annual Rental Income: £13,200
Potential Gross Rental Yield: Approximately 6.3%
Occupancy: Tenants in situ
Buyer to pay agent fees.
The proposed rental increase offers investors the potential to improve the property's rental return. Buyers are advised to verify the existing tenancy, the agreed rental increase, the commencement date and all relevant documentation with the selling agent before proceeding.
Key Features
Offered for sale with tenants in situ
Conservatory providing additional versatile living space
Spacious rear garden
Off-street parking
Established residential location in Kings Norton, Birmingham
Close to local shops, schools and everyday amenities
Convenient access to public transport links and major road networks
Tenure: Freehold
Council Tax Band: B
EPC Rating: D
Early viewing is highly recommended.
Council Tax Band: B
Tenure: Freehold
Brochures
Brochure- 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.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden,Enclosed garden,Rear garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Woodmeadow Road, Birmingham
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Visit our security centre to find out moreDisclaimer - Property reference WV0618. 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 Propertynest, Covering UK. 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.
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