£130,000
2 bed flat for saleWest Midlands B16
2 beds
1 bath
1 reception
EPC Rating: D
Chain free
Leasehold
About this property
Two Bedroom Apartment
Tenant In Situ
No Chain
Investment Opportunity
8% Yield
Well Presented Throughout
City Centre
120 Years Remaining On The Lease
£10 Annual Ground Rent
£1335 Annual Service Charge
Description
Located in the heart of Birmingham City Centre, this well-presented two-bedroom apartment at Collings House offers an excellent investment opportunity with a tenant already in situ, providing an attractive rental yield of approximately 8%. The property is offered with no onward chain, making it an ideal purchase for investors seeking an immediate income-producing asset. Finished to a good standard throughout, the apartment enjoys a convenient city centre location within easy reach of Birmingham's business district, shopping, restaurants, transport links and universities.
Scan the qr code to see material information provided by the seller. Oakmans are not liable for any information provided and it must be verified by a legal representative.
Anti-money Laundering Checks (aml)
Regulations require us to conduct identity and aml checks and gather information about every buyer's financial circumstances. These checks are essential in fulfilling our Customer Due Diligence obligations, which must be done before any property can be marked as sold subject to contract. The rules are set by law and enforced by trading standards.
We will start these checks once you have made a provisionally agreeable offer on a property. The cost is £100 (plus VAT). This fee covers the expense of obtaining relevant data and any necessary manual checks and monitoring. It's paid in advance via our onboarding system and is non-refundable.
Located in the heart of Birmingham City Centre, this well-presented two-bedroom apartment at Collings House offers an excellent investment opportunity with a tenant already in situ, providing an attractive rental yield of approximately 8%. The property is offered with no onward chain, making it an ideal purchase for investors seeking an immediate income-producing asset. Finished to a good standard throughout, the apartment enjoys a convenient city centre location within easy reach of Birmingham's business district, shopping, restaurants, transport links and universities.
Scan the qr code to see material information provided by the seller. Oakmans are not liable for any information provided and it must be verified by a legal representative.
Anti-money Laundering Checks (aml)
Regulations require us to conduct identity and aml checks and gather information about every buyer's financial circumstances. These checks are essential in fulfilling our Customer Due Diligence obligations, which must be done before any property can be marked as sold subject to contract. The rules are set by law and enforced by trading standards.
We will start these checks once you have made a provisionally agreeable offer on a property. The cost is £100 (plus VAT). This fee covers the expense of obtaining relevant data and any necessary manual checks and monitoring. It's paid in advance via our onboarding system and is non-refundable.
Mortgage calculator
Monthly repayment
£650 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
More information
Tenure
Leasehold (120 years)
Service charge
Council tax band
A
Ground rent
£10
Ground rent date of next review



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