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Property Listing Details

Property details

  • 2 bedrooms
  • 2 bathrooms
  • 1 reception room

Listing view statistics

Last 30 days: 134 page views

Since listed: 193 page views

Description

Earn instant income on this already tenanted investment opportunity - not suitable for owner occupiers!

This wonderful two bedroom apartment comprises of; entrance hallway leading to a double bedroom with en-suite and double glazed window to the side; a three piece family bathroom with shower over bath; a spacious lounge with fully fitted kitchen and all appliances included; a second double bedroom with fitted wardrobes and double glazed window to the rear. The apartment is located on the second floor, and comes with an allocated parking space.

Being just 3 minutes from Rugeley train station, it makes Pear Tree Court the perfect investment. With easy commutes to Birmingham and Stoke-on-Trent it is the ideal location for working professionals. Birmingham has a vibrant nightlife and incredible transport links to the rest of the UK and the world, with Birmingham New Street train station being less than a 5 minute walk away and Birmingham Airport being a 25 minute drive away. It's no surprise that Birmingham is the most popular city destination for people leaving the capital!

Birmingham is Britain’s second largest city with a population of over 1 million and is one of the most youthful cities in Europe, with nearly 40% of its inhabitants aged under 25, ensuring that it is constantly at the forefront of culture, technology and business - which is very attractive to professionals looking for a cosmopolitan lifestyle outside of London. Birmingham has some of the highest tenancy rates in the UK with almost a quarter of households in the city currently renting. It is also experiencing impressive population growth which is boosting the housing market year after year and according to Knight Frank, house prices are predicted to grow by 12.5% by 2022.

Financial Breakdown

Gross rent: £6,540
Ground rent: £150
Service charge: £1,247
Lettings fees: £0
Net income: £5,143
Gross yield: 5.95%
Net yield: 4.68%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-15540

You could get

Ultrafast broadband Ultrafast broadband

Up to 200 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Rugeley Town 0.3 miles
  • Rugeley Trent Valley 1.4 miles
  • Chase View Community Primary School 0.3 miles
  • St Joseph's Catholic Primary School 0.4 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Rugeley Town 0.3 miles
  • Rugeley Trent Valley 1.4 miles
  • Chase View Community Primary School 0.3 miles
  • St Joseph's Catholic Primary School 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in WS15:

  • £109,031
  • Price decrease

  • -£8,347
  • (-7.111%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £165,166
  • Properties sold

    15

Rental opportunities

Looking for an investment? The average rent for a 2 bedroom flat in WS15 is currently:

£550 pcm

Recent sales nearby

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Estimated running costs

Based on available 3rd party data

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These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Developer

Price history

Sold prices provided by Land Registry
24th Aug 2020 £110,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.