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Modern & Gated Apartment With An Excellent Yield

Fixed price £159,950
3 Lexington Gardens, B15
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Essential Infomation

  • Property Type: Apartment
  • 1 Bedrooms
  • 1 Bathrooms
Reference number : three2six_346459218
Market info

Key Features

  • Kitchen-Diner
  • On-road Parking
  • Wheelchair Access
  • Elevator in Building
  • Furnishing: Furnished
  • Open Plan Lounge
  • Video Door Entry
  • Tenure: Leasehold
  • Current Occupant: External Tenant
  • Fridge Freezer
  • Full Double Glazing
  • Washing Machine
  • Oven/Hob

Description

A modern, gated apartment located in the sought after location of Lexington Gardens, Birmingham.

With a current tenant in situ paying 1050 per month, this apartment presents a fantastic investment and excellent yield of 7.88%.

Accommodation: 548 sqft

Kitchen area comprises of a full fridge/freezer, oven/hob, wall and base units, roll top work surfaces, stainless steel sink and drainer, and spotlights.

Lounge/dining area: Double glazed window, wall mounted electric heater and laminate wooden flooring.

Bedroom: Double glazed window, wall mounted heater and carpet flooring.

Bathroom: A well presented bathroom suite with paneled bath with shower overhead, toilet, wash hand basin, vanity mirror, partly tiled, laminate flooring, spotlights, electrical point, and wall mounted heated towel rack.

Electric heating & hot water. 

Service charge: £1200.00 per year

Ground rent: £350.00 per year

Lease: 242 years remaining


Tenure  : Leasehold

  • Ground Rent  :  £350.00 pa
  • Service Charge  :  £1,200.00 pa
  • Length of Lease  :  242 Years

Council Tax Band  :  A

  • Water sources: Direct mains water
  • Electricity source: National Grid
  • Sewerage arrangements: Standard UK domestic
  • Heating Supply: Central heating (electric)
  • Mobile signal/coverage: Good
  • Flooded in the last 5 years: No
  • Does the property have required access (easements, servitudes, or wayleaves)?: Yes
  • Parking Availability: No

Short Description

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ENERGY PERFORMANCE CERTIFICATES

The Energy Performance Certificate (EPC) gives the building a standard energy and carbon emission efficiency grade from 'A' to 'G', where 'A' is the most efficient and 'D' being the average to date.

Has your property's value increased? Call 03338 802 602 to find out how much your property is worth

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