Seymour Close, Selly Park, B29

Property Description

Set within private grounds off the highly sought-after Selly Wick Road; Seymour Close is perfectly located for easy access to both Birmingham University and Queen Elizabeth Hospital. Having also green open spaces within easy reach such as Cannon Hill Park and Selly Park.

Making for a superb Buy To Let opportunity at an estimated Gross Yield of 7%, or First Time Buy; the property requires significant modernisation but is very realistically priced and has great potential. There is no chain and the seller can accommodate a swift completion.

Benefitting from having secure coded entry to the building, the apartment has: entrance hallway, two double bedrooms, large lounge diner with dual aspect windows, a separate kitchen and bathroom. There are 2 good sized store cupboards off the hall and a large exterior store accessed from the communal landing. Furthermore the property has a separate single garage in a separate block.

The seller is looking for cash buyers ideally.

We have been informed but not yet sighted proof of the following:

Lease - circa 85 years remaining

Ground Rent - £10 per annum

Service Charge - £2029.40 per annum

Estimated rental income between £850pcm - £875pcm (in good condition)

note: Floor Plan measurements as per architectural drawings and vendor

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