1668 Bristol Road South
Birmingham
B45 9TY
Frances Road, Birmingham
Offers In The Region Of £234,995 Sold (STC)
5 Bedroom House - Terraced
- SOCIAL HOUSING INVESTMENT
- Generating £1,600 pcm £19,200 pa
- Gross yield 7.5%
- 3 years lease signed on 18th December 2024
- 5 bedroom, Mid terrace house
- Two shower rooms & W/C
- Close to Erdington train station
- Close to junction 6 M6
- 2% Buyers fee + VAT
- 15 minutes drive to Birmingham City Centre
**** SOCIAL HOUSING INVESTMENT**
Genie Homes welcome you to Frances Road, Birmingham - a terraced house that offers a fantastic opportunity for those looking for an hands off investment property. The property boasts 2 reception room, 5 bedrooms, and 2 bathroom spread across 1,163 sq ft of living space.
Located in the sought-after area of Erdington in Birmingham, this mid-terrace house has excellent transport links and close proximity to Birmingham City Centre, this property offers both convenience and accessibility for its residents.
If your looking for a turn key investment opportunity, this property is a versatile option. Currently set up as social housing, it serves as an instant income generator with a rental income of £1,475 per calendar month. New contract signed 18th December 2024 for 3 years.
Additionally, the property provides easy access to major motorways such as the M6 and M5, making travel in and around the area a breeze. Don't miss out on the chance to own or invest in this wonderful property in a prime location. Frances Road is calling - will you answer?
Property Overview
Property Consists:
Hallway: Laminated flooring, Radiator.
Kitchen: Laminated flooring, radiator, double glazed window side aspect, integrated oven hob, extractor fan, modern kitchen units with wood effect worktops, breakfast bar with stools, white splashback tiles.
Lobby: Laminated flooring.
Shower room: Vinyl flooring, heated towel rail, counter top wash basin, show cubicle
Shower room 2: Double glazed obscure window side aspect, vinyl flooring, heated towel rail, wash basin, shower cubicle
Bedroom five: UPVC door access to rear garden, laminated flooring, radiator.
Bedroom four: Bay window to front aspect, laminate flooring, radiator.
Stairs & Landing: Carpet flooring, radiator.
Bedroom three: Double glazed window to side & rear aspect, laminate flooring, radiator.
W/C: Toilet, wash basin, laminated flooring.
Bedroom two: Double glazed window to rear aspect, laminated flooring, radiator.
Bedroom one: Double glazed window to front aspect, laminated flooring, radiator.
Council Tax B
EPC D
Sold As Seen
Buyers Fee and Reservation
Genie Homes pride ourselves on our simple and secure buying process.
This sale is subject to a 2% plus VAT Buyers Fee and this is based on the agreed sale price.
Please contact us to arrange a viewing. We will ask you to provide proof of funds and photographic identification prior to attending, to make sure we cause minimal disruption to any tenants that may reside at the property.
Once you have viewed the property, we will ask you for feedback.
If you make an offer and it is accepted, the full 2% plus VAT is then applicable in order to take the property off the market.
Please note: Should the property purchase not complete, the reservation fee will be refundable in ONLY these circumstances;
1. The vendor has withdrawn from the sale
2. The vendor has not disclosed details regarding the property that affects mortgage-
ability. (For example, unforeseen significant structural movement as indicated by a structural survey.)
The benefits of a buyers fee to the buyer are:
- Properties are advertised at a reasonable purchase price in order to encourage a quick sale.
- This approach allows you to secure the property and start the conveyancing process
quickly.
- Reservation of the property removes the element of competitive bidding and also the possibility of being
gazumped.
- The risk of the sale falling through is minimized on both sides, buyers are committed financially and vendors know that buyers are serious.
All of these elements provide peace of mind from the outset, along with our personal and proactive approach.
We look forward to hearing from you soon.
Disclaimer
Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property.
TENURE
Freehold
POSSESSION
Tenant occupied
VIEWING
Viewing strictly by appointment through Genie Homes
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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