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Estimated deposit

Purchase fees

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Returns

Your total return by 2036

Annual return

Rental growth p.a.

Cap growth p.a.

Rental income p.c.m.

Gross yield

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

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.”

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Buy-to-let investor

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Buy-to-let investor

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