Mehdi Road, Oldbury, Sandwell, B69 2GE
- PROPERTY TYPE
Apartment
- 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.
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Key features
- Tenanted for immediate income
- Ground floor apartment
- Private entrance
- Parking space
- Two bedrooms
- Excellent location
- Good transport links
- Long lease
- Enquire for video tour
- Low service charge and ground rent
Description
The property benefits from its own private entrance and allocated parking space, providing practical features that are particularly appealing to long-term tenants. It is currently occupied by a long-standing tenant, giving an investor the benefit of an established tenancy and continuity of rental income from day one. There is also potential to review and increase the current rent over time, subject to the tenancy terms and prevailing market conditions.
The location adds further appeal, being close to Oldbury town centre with easy access to a range of shops, supermarkets, schools, services and everyday amenities. Its convenient position helps support tenant demand and makes the property well suited to those seeking an affordable home close to local facilities.
For commuters, the property offers excellent road connectivity, with easy access to Junction 2 of the M5, providing convenient links towards Birmingham, the wider West Midlands and surrounding areas.
Overall, the property offers an established long-term tenant, immediate rental income, potential for rental growth, private access, allocated parking and strong transport links. Its combination of affordability, location and investment potential makes it an appealing opportunity for landlords seeking a property with dependable rental appeal and longer-term growth potential.
Please note, lettings and management charges may apply.
Financial Breakdown
Gross Rent: £7,500.00
Net income: £6,375.00
Gross yield: 6.82%
Net yield: 5.8%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-08661
- 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.
- Yes
- 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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Energy performance certificate - ask agent
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Visit our security centre to find out moreDisclaimer - Property reference YL-08661. 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 yieldit, Manchester. 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.