2 bedroom flat

Discover an exceptional investment opportunity in this fully transformed upper cottage flat, situated in Springboig. What sets this property apart is its remarkable transition from a non-traditional steel frame construction to a now standard brick construction.

Key Features:

Transformation: Previously a non-traditional steel frame construction, this property has undergone extensive external renovation. Supported by local authority funding and approval, it has been converted into a standard brick construction, a standout feature not commonly found among properties in this area.

Investment Focus:

Targeted towards investors, this property comes with a tenant in situ under contract with Mears until August 2024. The lease agreement ensures that Mears covers repair costs, providing a hassle-free investment opportunity. Currently yielding £600 per month, with potential to reach £800 - £850 post-lease renewal in Aug 2024.

Spacious Interior:

Inside, find two double bedrooms, a family bathroom, a well-equipped kitchen, and abundant storage space. Each room exudes a sense of comfort and generous living space.

Additional Amenities:

Enjoy a private garden, gas central heating, and double glazing, ensuring convenience and energy efficiency.

Location Highlights:

Springboig remains a highly sought-after area with excellent public transport connections to the city centre. Its blend of schools and proximity to major motorways make it an attractive choice for both tenants and homeowners.

Investment Potential:

The stability and income from the current lease, coupled with potential increased rental income post-lease renewal in less than 1 year, solidify its value in the thriving rental market. In addition capital growth in the area remains strong.

Don't miss out on this exceptional investment offering, showcasing a rare transformation in an esteemed locale!