PROPERTY INVESTMENT IN BIRMINGHAM
Birmingham is a thriving city and the second largest conurbation in the UK making it a great place to invest in property for many reasons:
Birmingham is the largest city in the Midlands and benefits from its central location and superb transport links including an extensive network of rail and motorway links and an airport which offers flights to all major UK and European cities.
There has been significant investment in key areas including The Bullring and The Jewellery Quarter which has made these attractive to young professionals. Birmingham also boasts two red brick universities; hospitals and of course the NEC.
GREAT VALUE PROPERTY:
Property prices are significantly lower than further south in the country (and rents not so) providing clients with attractive high yielding returns.
The Property Fit office is located in Erdington just west of Birmingham city centre.
The property consultants at Property Fit mainly on sourcing properties with potential to be converted into HMO’s as the return is so much greater. There are, however, more costs with running HMO’s and they tend to be more involved than with standard single let properties. We therefore operate a fully managed service so our clients can remain investors rather than become landlords. We outline all the expected costs of bills, maintenance and management so that you have a transparent view of what the true predicted Return on Investment (ROI) will be.
Our typical clients would be investors who have capital to invest but do not have either the knowledge, time or desire to spend lots of time sourcing and then managing a project. Here at Property Fit we take care of everything giving our clients the opportunity to be involved as little or as much as they like. We can guide you through the conveyancing process, manage any required works or refurbishment and then our recommended lettings company Active Letting – Birmingham will tenant the property on a fully managed basis.
To find out more about Active Letting Birmingham, watch the video below, or click here to visit the website.
Example of Buy to Let Property in Birmingham:
Purchase price: £117,500
Sourcing fee: £5,000 + VAT (Fully managed)
Expected monthly income: £1,475
– Bills: £280
– Council Tax: £252
– Let. Fee: £126
– Mortgage: £367
– Insurance: £25
– Maintenance : £150
Monthly cashflow: £475
Gross Yield: 16%