** NEW INVESTMENT OPPORTUNITY IN REDNAL **
Our Rednal office have just listed a fantastic 2 bedroom house in Meadvale Road which is on the market for £145,000. It is available for buy to let investors only as it’s being sold with a tenant in situ currently paying £625pcm. The yield as it stands is 5.2% but that could potentially be a lot more. The current market value, if the tenant does leave, would be £650-£675pcm so the yield would be increased to 5.6%. Also the loft has been converted into a 3rd bedroom for which the sellers are currently waiting for building regulations to come through on. When this happens the property will achieve closer to £725pcm and therefore the yield will increase to 6%.
It is a popular letting area because it’s close to the new Longbridge shopping complex which provides retail including M&S, Costa, Sainsbury’s along with various entertainment facilities plus Great Park are all within a short drive from Rubery. Rubery Village is located to the South of Birmingham approximately 3 miles from Junction 4 of the M5 Motorway – so providing easy access to all parts of the country via M5, M42 & M6.
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