2 bed flat for sale

Essex Street, Birmingham B5

An excellent opportunity to acquire a two-bedroom, one-bathroom apartment with allocated indoor parking within the i-Land development on Essex Street, Birmingham.
Currently occupied by a long-term tenant paying £1,250 per calendar month, the property offers investors the significant advantage of an existing rental income from the outset.
At the asking price of £150,000, the current rent equates to an attractive gross rental yield of approximately 10% per annum.

A Practical Two-Bedroom Investment
Extending to approximately 645 sq ft, the apartment offers a well-proportioned layout centred around an open-plan living, dining and kitchen area.
The accommodation provides two bedrooms and two bathrooms, offering the flexibility and privacy that remains particularly attractive within Birmingham's rental market.
The principal bedroom benefits from its own en-suite facilities, while a second bathroom serves the remaining accommodation.
For investors, the combination of two bedrooms and two bathrooms provides flexibility for professional couples, sharers and tenants who value additional space for working from home or accommodating guests.

Allocated Indoor Parking
A further important advantage is the property's designated indoor parking space.
Parking within central Birmingham is an increasingly valuable feature, adding both everyday convenience for the occupier and another point of differentiation when the property is marketed for rent in the future.

Investment Highlights
The property is being sold with a long-term tenant currently in occupation, making it particularly suitable for buyers looking for an established rental investment rather than an empty apartment requiring a new tenant to be sourced immediately after completion.
Based on the current figures:

Purchase Price: £150,000
Current Rent: £1,250 pcm
Annual Rental Income: £15,000
Gross Rental Yield: 10%
This combination of an accessible purchase price, existing rental income, two-bedroom/two-bathroom accommodation and allocated indoor parking creates a compelling proposition for investors considering Birmingham city-centre property.

Central Birmingham Location
i-Land occupies a convenient position on Essex Street, close to Birmingham's Southside and Chinese Quarter.
The location provides straightforward access to the city centre's extensive selection of restaurants, cafés, shops, entertainment and everyday amenities, with Birmingham New Street, Grand Central and the Bullring all within convenient reach.

Key Features
-Existing Long-Term Tenant
-Two Bedrooms
-one Bathrooms
-Approx. 645 sq ft
-Open-Plan Living Accommodation
-Principal Bedroom with En-Suite
-Allocated Indoor Parking Space
-Established Residential Development
-Central Birmingham Location
-Close to Southside & Chinese Quarter
-Excellent Investment Opportunity

An Income-Producing Birmingham Property
For investors seeking a property where the numbers are immediately clear, Apartment 88 offers a particularly attractive combination: £150,000 purchase price, £15,000 annual rental income, two bedrooms, two bathrooms and allocated indoor parking.
With an established tenant already in residence, this is an opportunity to acquire a ready-made Birmingham rental investment producing a current gross yield of approximately 10%.

Contact Ying Wah Property for further information, tenancy details or to arrange a viewing.

Rental yield is calculated using the current rent of £1,250 pcm against the asking price of £150,000 and is stated before service charge, ground rent, management costs, maintenance, taxation, finance costs and other expenses. Buyers should independently verify all investment figures and tenancy information before purchase.