1 Bedrooms Flat for sale in Devonshire House, 40 Charles Street, Birmingham B3 | £ 135,000
Overview
| Price: | £ 135,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | |
| Town: | |
| Postcode: | B3 |
| Address: | Devonshire House, 40 Charles Street, Birmingham B3 |
| Bathrooms: | 1 |
| Bedrooms: | 1 |
Property Description
Devonshire House sits close to Birmingham city centre, providing 48 apartments and duplexes to the oversubscribed local rental market. Residents can enjoy the large, modern apartments as well as the local amenities and transport options which are both excellent. The area is pleasant and includes a lot of green space which contributes to a peaceful atmosphere.
Birmingham itself is Britain’s second largest city and home to more than one million people. It is a well-known business destination and cultural centre which is very attractive to professionals looking for a cosmopolitan lifestyle outside the Capital. Birmingham has some of the highest tenancy rates in the UK and is experiencing impressive population growth which is boosting the housing market year after year. Developments like Devonshire House are becoming more popular all the time as the supply of high quality rental accommodation continues to get swamped by the overwhelming demand.
Statistically Britain’s second largest city with a population of over 1 million, Birmingham is one of the most youthful cities in Europe, with nearly 40% of its inhabitants aged under 25, ensuring that it is constantly at the forefront of culture, technology and business.
Financial Breakdown
Gross rent: £9,000
Ground rent: £200
Service charge: £1,411
Lettings fees: £720
Net income: £6,669
Gross yield: 6.67%
Net yield: 4.94%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-13051
Property Location
Property Marketed by Yieldit
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