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
Khalid
Buy-to-let investor
“Honestly the best overall company in terms of property investment - if you are starting new this you place. Also, the staff are very helpful and amazing!”
Daniel
Buy-to-let investor
“Overall, a fantastic experience not only with the online system but also with the ultra-fast responsive team that is always there to help whenever needed. The turnaround time is like nothing you have ever seen and the customer experience is seamless.”
Ho Chuen
Buy-to-let investor
“The Get ground team is always quick to respond to my queries, both of the UK and HK branches' contacts. I recommend their system and service as a BTL investor.”
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