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One Bedroom Apartment

Flaxley Court, Birmingham

£99,500Guide Price

  • One-bedroom apartment
  • Net yield of 7.11%
  • Rental income of £700pcm
  • Strong rental growth potential
  • Priced to sell

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Birmingham, Midlands

One Bedroom Apartment | £99,500 | £700pcm rental per month

Investment Highlights
An Attractive Addition to a Rental Portfolio
For investors prioritising rental income, Flaxley Court combines an accessible purchase price with a clear income proposition. The existing tenancy provides an established basis for continued letting, while the scheduled rental increase strengthens the projected return.
Based on the expected rent and the current service charge and ground rent, the apartment would generate £7,075 per annum before other ownership costs. This makes it a compelling opportunity for investors seeking an income-producing leasehold property with tenants already in place.
Projected Rental Returns
Income and expenditure
Annual amount
Expected rental income – £700 pcm
£8,400
Current service charge
(£1,200)
Current ground rent
(£125)
Income after service charge and ground rent only
£7,075
 
Yield at the £99,500 asking price
Projected return
Gross rental yield
8.44%
Net yield after service charge and ground rent only
7.11%
The net figure excludes letting and management fees, repairs, maintenance, insurance payable separately, void periods, arrears, finance costs, tax and purchase costs. Actual returns will depend on the rent received and costs incurred; rental income and yields are not guaranteed.
Tenure and Property Details
Detail
Information
Property type
One-bedroom apartment
Sale basis
Subject to the existing tenancy, with tenants in situ
Tenure
Leasehold
Lease remaining
105 years
Current service charge
£1,200 per annum
Current ground rent
£125 per annum
EPC rating
D

Return on Capital Employed (ROCE) Calculator

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Property Price


Mortgaged

Cash Purchase

Deposit

£0.00

25%

£99,500.00

Sourcing Fees

£3,000.00

£3,000.00

Legal Fees

Stamp Duty

Cash Invested


Property Rent

Rental Per Month

£700.00

£700.00

Rental Income PA

£8,400.00

£8,400.00

£

Mortgage Details

Interest Only Rate

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N/A

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Property Management

I would like this property managed on my behalf

Management Fee Rate

10%

Management Fee PA

£0.00

£0.00


Growth Assumptions

Capital Growth P/A

3.5%

Rental Growth P/A

5%

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