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£1,350,000
York Road, Edgbaston, Birmingham, B16
- 12 beds
£1,350,000
- 12 beds
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Buy with a mortgage
Estimate monthly mortgage payment:
£6,163 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£67,500
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Full Description FREEHOLD purchase with 12 studio apartments | Investment Opportunity | Fully Tenanted | Current total annual rental income of £94,140 pa | 7% Yield | Fully Managed Turn Key opportunity | Property in very good condition | Driveway and rear communal garden
Davidson Estates are delighted to offer this large conversion consisting of 12 studios. They are fully occupied and fully managed by Davidson Estates.
Each studio and communal areas are maintained to a high standard and there is a driveway for 2 cars plus ample on-street FREE parking.
Located close to the Edgbaston Village, Morrisons superstore and Harborne High Street.
The bus links into the City Centre are excellent via Hagley Road and arrive in 5 minutes.
You will see an instant return on your investment.
There is also potential to change the use of the building from AST's to serviced apartments which would increase your yield even further. This may be subject to planning approval.
Rare opportunity to purchase a FREEHOLD building with 12 studio apartments in Edgbaston, Birmingham.
Further details are available by request.
Viewings can be arranged via Davidson Estates.
Davidson Estates are delighted to offer this large conversion consisting of 12 studios. They are fully occupied and fully managed by Davidson Estates.
Each studio and communal areas are maintained to a high standard and there is a driveway for 2 cars plus ample on-street FREE parking.
Located close to the Edgbaston Village, Morrisons superstore and Harborne High Street.
The bus links into the City Centre are excellent via Hagley Road and arrive in 5 minutes.
You will see an instant return on your investment.
There is also potential to change the use of the building from AST's to serviced apartments which would increase your yield even further. This may be subject to planning approval.
Rare opportunity to purchase a FREEHOLD building with 12 studio apartments in Edgbaston, Birmingham.
Further details are available by request.
Viewings can be arranged via Davidson Estates.
Mortgage calculator
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£6,163 per month
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Stamp Duty tax
These figures are estimates and are provided for guidance only
Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£76,250
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
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- Conveyancing fee
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