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    Brook Avenue, Wilnecote, B77

    £525,000Freehold

    644
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    Property Calculators

    Mortgage

    Estimated Monthly Mortgage Payment:
    £2,626 /mo.25 Years, 4.5% Interest
    Loan
    £472,500
    Total Repay
    £787,893

    Stamp Duty

    You’ll have to pay the stamp duty of:
    £16,250
    0% up to £125,000
    2% from £125,000 to £250,000
    5% from £250,000 to £525,000
    Your effective stamp duty rate is 3.1%

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    112 Glascote Road
    Tamworth
    B77 2AF
    T: 01827 50700
    E (General): info@next-place.co.uk
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    Brook Avenue, Wilnecote, B77

    £525,000

    Commercial
    6 Bedrooms4 Bathrooms4 Receptions

    Key Information

    Tenure:Freehold
    Council tax band:A
    Broadband:up to 330Mbps
    Mobile signal:*Based on indoor data coverage
    EEO2ThreeVodafone

    Key Features

    FREEHOLD BLOCK OF APARTMENTS FOR SALE
    TWO ONE BED AND TWO TWO BEDROOM APARTMENTS FOR SALE
    SOLD WITH TENANTS IN SITU WITH OPPORTUNITY TO INCREASE RENTAL RATES
    CAR PARKING AREA INCLUDED IN FREEHOLD
    GROSS RENTAL ROLL PER CALENDAR MONTH - £2,950 EQUATING TO £35,400 PER ANNUM

    Description

    FREEHOLD BLOCK OF 4 APARTMENTS IN WILNECOTE WITH NEW BUILD WARRANTY. Generates £35,400 p.a. rent with room for growth. Prime location with parking. Sold as an ongoing investment with tenants in situ.

    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

    Wilnecote Junior Academy
    (0.17 miles)
    Requires improvement
    Number of pupils: 314
    Age Range: 7 - 11
    The Wilnecote School
    (0.24 miles)
    Good
    Number of pupils: 777
    Age Range: 11 - 16
    Heathfields Infant Academy
    (0.37 miles)
    Good
    Number of pupils: 242
    Age Range: 5 - 7
    Three Peaks Primary Academy
    (0.5 miles)
    Good
    Number of pupils: 383
    Age Range: 3 - 11
    Two Rivers High School
    (0.54 miles)
    Outstanding
    Number of pupils: 191
    Age Range: 11 - 19
    Bird's Bush Primary School
    (0.59 miles)
    Requires improvement
    Number of pupils: 206
    Age Range: 4 - 11
    Tamworth Enterprise College and AET Academy
    (0.59 miles)
    Requires improvement
    Number of pupils: 546
    Age Range: 11 - 16
    Stoneydelph Primary School
    (0.71 miles)
    Good
    Number of pupils: 243
    Age Range: 2 - 11
    St Gabriel's Catholic Primary School
    (0.73 miles)
    Good
    Number of pupils: 399
    Age Range: 4 - 11
    Oakhill Primary School
    (0.92 miles)
    Good
    Number of pupils: 105
    Age Range: 2 - 11