Litchfield Road, Sutton Coldfield, B74 2RP
£202,500
Financial snapshot
Your initial investment
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Estimated deposit
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Purchase fees
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Your total return by 2035
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Annual return
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Rental growth p.a.
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Cap growth p.a.
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Rental income p.c.m.
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Gross yield
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Indicative returns are based on historic data - please note past performance is not necessarily indicative of future results and actual returns may differ materially from the returns indicated here
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Area highlights
Property snapshot
Apartment
657 sq ft
2 Bedrooms
1 Bathroom
Tenanted
Tenure - Leasehold
Lease-length
111 years
Ground rent
£1
Service charge
£2,100.00 per year
Overview
This 2-bedroom apartment on Litchfield Road, Sutton Coldfield, B74 2RP, presents a strong buy-to-let opportunity with an asking price of £202,500, reflecting a 23.3% discount. The property is currently tenanted, generating an annual rent of £11,400, offering a gross yield of 6.5%. The leasehold tenure has 111 years remaining, with an annual service charge of £2,100. The net monthly cashflow is £467, translating to a net annual cashflow of £5,604. With a market rent of £1,100, this investment provides solid returns in a well-connected area near Sutton Coldfield Station.
What our customers say about us
Sam
Buy-to-let investor
“Without a doubt the most efficient way to purchase property via a limited company structure. The service is seamless and efficient whilst being the most cost effective in the market. The staff are always responsive and extremely knowledgable.”
Michelle
Buy-to-let investor
“I've had a very streamlined and well supported experience starting a corporation through GetGround. I've been treated exceedingly well and couldn't be more pleased with how it has all come together. I would definitely recommend.”
Ricky
Buy-to-let investor
“Set up two companies so far to manage two properties via get ground. Very smooth process and have also had the first years accounts done too. Very simple process so far. Great for managing my small property portfolio.”
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