1 bedroom flat for sale
Key information
Property description & features
- Tenure: Leasehold (245 years remaining)
- SOLD VIA AUCTION
- ground floor
- Chain complete
- Perfect investment
- One bedroom
- Allocated parking
- Modern living space
- 548SQFT
- Gross Yield: 6%
Welcome to apartment G2 Sheldon Court which is an attractive 1-bedroom apartment located in a well-maintained development situated at 1 Wagon Lane, Birmingham. This leasehold property offers modern living spaces and comes with the added benefit of one designated parking space. Currently tenanted, the property presents an excellent investment opportunity with a gross yield of 6%.
The apartment's design emphasizes a bright and airy ambiance, making the most of natural light. Contemporary furnishings complement the space, offering a stylish and cohesive look. Whether relaxing in the living room or preparing meals in the well-appointed kitchen, residents will appreciate the attention to detail and quality finishes throughout.
G2 Sheldon Court exudes a sense of openness, with well-designed living spaces that seamlessly flow from one area to another. The property is fully furnished, showcasing a contemporary style that caters to the demands of modern living. The interiors are thoughtfully curated, combining functionality with aesthetics to create a comfortable and inviting atmosphere.
Currently sold with a tenant in situ with a rental income of £900PCM
Location:
G2 Sheldon Court is located in a convenient and desirable area of Birmingham, West Midlands. The address, 1 Wagon Lane, B26 3FN, places the property within reach of local amenities, transport links, and recreational facilities.
Sheldon is an area of east Birmingham, England. Historically part of Warwickshire, it is close to the border with the Metropolitan Borough of Solihull and Birmingham Airport.
Sheldon is also one of the 69 electoral wards in Birmingham, and one of the four wards that make up the council constituency of Yardley. Areas covered by the ward are Lyndon Green, Well's Green, Sheldon itself and part of Garrett's Green.
Investment Potential:
With a gross yield of 6% and a secure long-term leasehold, G2 Sheldon Court represents a sound investment opportunity. The current tenancy provides immediate income, while the well-maintained development and convenient location enhance the property's overall appeal.
Note: For a more detailed and accurate assessment, potential buyers and investors are advised to conduct their own due diligence and seek professional advice.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
AGENTS NOTE:
We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate. In line with The Money Laundering Regulations 2007 we are duty bound to carry out due diligence on all our clients to confirm their identity. Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system. This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.
FIXTURES AND FITTINGS:
All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.
Council Tax Band: A
Tenure: Leasehold
Service Charge: £1,100 per annum
Ground Rent: £155.00 per annum
Ground Rent Review Period: Every 10 years
Ground Rent Review Amount: In line with RPI
Next Ground Rent Review: 01/01/2030
Parking Arrangements: One allocated parking space
Property Construction: Standard brick construction
Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating Supply: Electric
Broadband: Please refer to Ofcom
Mobile Signal Coverage: Please refer to Ofcom
Building Safety Issues: N/A
Restrictions: confirm with conveyancer
Rights And Easements: confirm with conveyancer
Flood Risks Or Previous Flooding: Confirm with conveyancer
Property information from this agent
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*DISCLAIMER
Property reference JSS240045. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by John Shepherd - Solihull.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 20, 2023
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on December 20, 2023
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.