This property is currently Sold STC
| 37 Bed - Apartment
INVESTMENT OPPORTUNITY GENERATING A YIELD OF 6.8%
We are delighted to offer an investment portfolio opportunity of 37 one-, two- & three-bedroom flats in the heart of Burton-on-Trent.
The portfolio consists of both Freehold (32) and Leasehold (5) units, generating an annual income of £228,120 (6.8%) with an asking price of £3,600,000.
Located in the up-and-coming area of Burton-on-Trent, only 30 minutes by train to Birmingham city centre, this portfolio site boasts excellent transport links, and perfect for Burton natives or commuters to Birmingham.
The portfolio is separated across 6 locations with 35 units located in Burton and 2 in Bridgnorth & Lichfield.
All units are rented out and managed by Centrick.
There is room to increase ROI to approx 7.1% with a small refurb of £5,000 per unit.
Burton-on-Trent is a thriving town with one of the youngest populations in the UK with 48% of inhabitants being under the age of 35 and a population looking to rent rather than buy.
Average house prices in the East Midlands have increased by 9.1% YoY.
Please note: This calculation is a guide to how much your monthly repayments would be. The exact amount may vary from this amount depending on your lender's terms.
Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes.
This calculator provides a guide to help to buy equity loan that may be available, and the amount of mortgage that you would require based on the purchase price of the property, and the deposit that you can afford to put down (min 5%), this does not guarantee eligibility for a mortgage.
For more details of the scheme see our Help to Buy Page.
If you would like to arrange to view a Centrick property, please complete the form below and we will be in touch with a possible time and date that is suitable for you.
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 and are produced in good faith and set out as a general guide only. The intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No employee of Centrick Property (and their Joint Agents where applicable) has the authority to make or give any representation or warranty in respect of the property. Subjective comments in these details imply the opinion of the selling Agent at the time these details were prepared. Naturally, the opinions of purchasers may differ.
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