Latest Valuation
£156,000
ROCE
%
Selling Agent
Sourced South Leeds

Discounted Buy to Let Property in Birmingham – 13% BMV

Refurbished to a good standard and ready to let
Guide Price
£135,000

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Key Features

  • Below Market Value
  • Instant Equity
  • 12.18% ROCE
  • Top of Market Values up to £183,000
  • Excellent Capital Growth Potential
  • Prime Location

The Property

The plan for this property is to purchase at below market value, to provide instant equity and hold long term for capital growth. The property is in a prime location, within just 4 miles of Birmingham city centre and there is a huge potential for capital growth. The property has been refurbished to a good standard and is ready to let.

The property is a 3 bedroom Victorian end terraced home, located close to main road and rail transport links. It comprises of a family lounge, open plan kitchen dining room, ground floor bathroom, 2 first floor bedrooms and 1 bedroom on the second floor. There is central heating and double glazing throughout and benefits from a good sized rear garden.

The Financials:
Valuation: £156,000
Purchase Price: £135,000
Refurbishment: £0
Stamp Duty: £4,250
Additional Costs: £2,000
Sourcing Fee: £3,500
Rental Income: £8,700 pa
ROCE: 12.18% PA

There is also potential to make further improvements to increase the monthly rent and value.

Planning Information

N/A

The Plan

The plan for this property is to purchase at below market value to provide instant equity and hold long term for capital growth.

The property is is in a prime location, within just 4 miles of Birmingham city centre and there is a huge potential for capital growth.

The property has been refurbished to a good standard and is ready to let.

The Location

The property is located just 4 miles from Birmingham city centre and a short walk away from Erdington train station, which is only 4 stops away from Birmingham New Street.

Average estimated value for a house in B23

£180,001

Comparable properties sold within quarter of a mile:

£183,000 Semi-Detached, Freehold, Residential 09 Dec 2019 3 bedrooms
£180,000 Terraced, Freehold, Residential 02 Dec 2019 3 bedrooms