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Three 2 Six Real Estate Agents - Birmingham

Service charge (For Leasehold tenure): £1200 per year. 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 sqftKitchen 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 yearGround rent: £350.00 per yearLease: 242 years remaining Mobile signal/coverage: Good. Flooded in the last 5 years: No. Water source: Direct mains water. Electricity source: National Grid. Sewerage arrangements: Standard UK domestic. Heating Supply: Central heating (electric). Does the property have required access (easements, servitudes, or wayleaves)? Yes. Parking Availability: No.

Property reference three2six_346459218. 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 Three 2 Six Real Estate Agents - Birmingham.

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 Broadband availability and predicted speed: obtained from Ofcom on December 26, 2021

 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: <a href="https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2">https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2</a>

 Mobile phone signal availability and predicted strength: obtained from Ofcom on December 26, 2021

 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: obtained on March 23, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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Modern &amp; Gated Apartment With An Excellent Yield

Accessible features

Greener choice

Knowing the tenure is important because it affects your rights and costs associated with the property.

                                  If you do not know the tenure, you will not know how you will legally own the property and if there are any further costs & obligations you must comply with.
The remaining length of the lease may affect your ability to obtain a mortgage.

Tenure

Ground rent is paid under the terms of a lease to the owner of the land on which the property is built. If you do not know the ground rent, review period & conditions of review, you will be unaware of the additional costs that you may have to pay. These charges may also increase. Ground rent will not be charged for new leases granted from 30 June 2022 in England and Wales.

Ground rent

Service charges are the contribution towards the maintenance of shared amenities. If you do not know the amount, review period and conditions of review you will be unaware of the additional costs that you may have to pay. These charges may also increase.

Service charge

If you do not know the Council Tax band you will not know how much you need to pay.

Council tax

If you don't know the type of utilities which the property has, there may be additional costs, for example an adequate broadband connection may not be available.

Broadband

If you don't know the type of utilities which the property has, there may be additional costs, for example adequate mobile reception may not be available.

Mobile signal

If you don't know the type of utilities which the property has, there may be additional costs, for example if the water supply comes from a private well which requires regular maintenance or has water quality requirements.

Water

Knowing the nature of your heating supply is important as there may be additional considerations, for example if the property is not connected to the mains gas line and has an LPG heating system.

Heating

Knowing the nature of your electricity supply is important as there may be additional considerations, for example if the property is not connected to the national grid and has a generator instead.

Electricity

If you don't know the type of utilities which the property has, there may be additional costs, for example if the property has a septic tank that requires regular maintenance and emptying.

Sewerage

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Five Ways

Birmingham New Street

Five Ways (Midland Metro Stop)

Service charge (For Leasehold tenure): Â£1200 per year.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

1 bedroom flat for sale

Key information

Features and description

About this agent

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