Coventry Road, Sheldon, B26

Offers In Region of £140,000Leasehold

111

Key Information

Tenure:Leasehold
Service charge:ÂŁ774 per year
Ground rent:ÂŁ250 per year
Time remaining on lease:196 years
Council tax band:A
Parking:Single Garage

Key Features

CAR PARKING SPACE INCLUDED
LOW SERVICE CHARGE APARTMENT
SOLD WITH FURNITURE PACK
SOLD WITH TENANT IN SITU
NO UPWARD CHAIN

Description

Fantastic 1 bed apartment in sought-after location. Ideal for first-time buyers & buy-to-let investors. Bright and modern with open-plan kitchen/living area. Generous bedroom with ample natural light. Includes parking space & low service charge. Sold with tenant in situ. Don't miss out - arrange a viewing today!

This fabulous 1 bedroom apartment is a fantastic investment opportunity, situated in a sought-after location. The property boasts a range of desirable features that make it an ideal purchase for both first-time buyers and buy-to-let investors.

Inside, the apartment offers a bright and airy living space, complete with a spacious open-plan kitchen and living area. The contemporary design and high-quality finishes create a sleek and modern feel throughout. The bedroom is generously sized and benefits from ample natural light, providing a comfortable and tranquil space. Additionally, the property includes a car parking space, ensuring convenient and hassle-free parking for residents.

One of the standout features of this property is the low service charge, making it an attractive choice for buyers looking to keep ongoing costs to a minimum. Furthermore, this apartment is sold with the tenant in situ, presenting an excellent opportunity for investors to secure a reliable rental income from day one. With no upward chain, the purchase process will be smooth and efficient.

In summary, this 1 bedroom apartment presents an exceptional opportunity for buyers and investors alike. With its prime location, modern design, car parking space, low service charge, and tenant in situ, it is a highly desirable property. The delightful communal garden further adds to its appeal, ensuring residents can enjoy the benefits of both indoor and outdoor living. Don't miss out on this fantastic property - arrange a viewing today!

Lease Length - 197 Years Remaining

Ground Rent - ÂŁ250 Per Year

Service Charge - ÂŁ744 Per Year

Rental Rate - ÂŁ750 Per Month (ÂŁ9,000 Per Year)

Gross Yield - 6.43%

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ700 /mo.25 Years, 4.5% Interest
Loan
ÂŁ126,000
Total Repay
ÂŁ210,105

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ300
0% up to ÂŁ125,000
2% from ÂŁ125,000 to ÂŁ140,000
Your effective stamp duty rate is 0.21%

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