Brook Avenue, Wilnecote, B77
£550,000
Key Information
Key Features
Description
This freehold block of apartments in Wilnecote presents an excellent investment opportunity, offering a mix of two one-bedroom apartments and two two-bedroom apartments. Completed in 2022, the property benefits from a modern, high-quality finish and comes with the reassurance of a new build warranty, making it a secure and low-maintenance investment for the future owner.
The freehold title includes one car parking space per apartment, providing tenants with convenient off-road parking. Each apartment is currently let on Assured Shorthold Tenancy Agreements, with three of the four apartments occupied on unfurnished terms. The one-bedroom apartments are generating £725 per month each, while the two-bedroom apartments are achieving £750 per month. This brings a total gross rental income of £2,950 per calendar month, or £35,400 per annum.
The property also offers future potential for increased rental income, particularly with the opportunity to let the final available apartment and adjust rents in line with market demand. A small staircase leads to the top-floor apartments, adding a unique touch to the property’s layout, with the staircase powered by a landlord supply for efficiency and ease of maintenance.
Located just a short drive from Tamworth town centre, the property benefits from a prime location with excellent transport links, making it highly attractive to tenants. The apartments are modern, spacious, and well-designed, perfectly suited for professionals and families alike, ensuring a steady demand for rental opportunities.
With its strong current rental returns, the potential for growth, and its convenient and desirable location, this property represents a highly attractive investment for anyone looking to expand their portfolio in the thriving Wilnecote area.
Apartment 1 and 2 hold a EPC value of a B and Apartment 3 & 4 hold an EPC value of a C.
The internal floor space for each apartment is as following: -
Apartment 1 - 505 sqft
Apartment 2 - 462 sqft
Apartment 3 - 548 sqft
Apartment 4 - 462 sqft
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