3 bed flat

The property is a triplex of identical three-bedroom flats located on Bristol Road South in Northfield, Birmingham. Each unit has a 999-year lease from 2006 and features long-term rental potential due to strong demand from students and young professionals. The flats are currently let at £850 per calendar month, generating an annual rental income of £10,200, and have been purchased at an asking price of £120,000. The property has a low annual service charge of £1,100 and ground rent of £250, resulting in a net income of £8,850 and a 7.4% net yield.