Two-Bedroom Flat | Tenants in Situ | £800 PCM Rental Income | Handsworth Wood

Yopa are pleased to present this two-bedroom flat in Limberlost Close, Handsworth Wood, offered with tenants currently in situ paying £800 per calendar month, making this an excellent opportunity for landlords and investors looking to add a tenanted property to their portfolio.

The property comprises a large lounge, two double bedrooms, fitted kitchen and family bathroom, providing well-proportioned accommodation throughout.

The property is situated in a popular residential area of Handsworth Wood, with a range of local amenities, schools, shops and transport links within easy reach.

Key Features

• Two double bedrooms
• Large lounge
• Fitted kitchen
• Family bathroom
• Tenants currently in situ
• Current rental income: £800 PCM
• Council Tax Band A
• EPC Rating E
• Service charge: £500 per annum
• Ground rent: £60 per annum
• Lease currently has approximately 34 years remaining
• Lease to be extended on completion to 125 years
• Ideal investment opportunity

Lease Information

The existing lease commenced on 25 February 1962 and currently runs until 25 December 2060, with approximately 34 years remaining.

Importantly, the lease will be extended on completion to provide a new 125-year term, offering additional long-term security for the successful purchaser.

Rental Information

The property is currently occupied by tenants paying £800 per month, providing an existing rental income stream from completion, subject to the terms of the tenancy.

This represents an excellent opportunity for an investor looking for a two-bedroom property with tenants already in situ, while also benefiting from the planned lease extension.

Council Tax: Band A Council Tax Estimate: £1,578 EPC: E Service Charge: £1200 per annum Ground Rent: £200 per annum

Early viewing is highly recommended to appreciate the accommodation and investment potential this property has to offer.

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.