3 bed Flat (for sale) Royal Court Apartments, 66 Lichfield Road, Sutton Coldfield, West Midlands B74

£595,000
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Century 21 - Sutton Coldfield
1 Mere Green Road, Sutton Coldfield, Birmingham
0121 659 0042
First Published

28th Oct 2020

Last Published

27th Nov 2020

 

Features

  • Type: Flat
  • Bedrooms: 3
  • Listing status: sale
  • Country: England

Description

Investors Dream. Guaranteed 5.6% returns on rent investment. Luxurious apartment receives yearly return on rent of £33,600 per year guaranteed for 5 years totalling £168,000 Please see details. Treat yourself to the benefits.Better return than money in the bank.

Investment Details

Sale £595,000 gives Guaranteed yearly return on rent £33,600 guaranteed for 6 years equaling £168,000

Net paid on investment over 5 years £150,447

Terms: The buyer allows Century21 Sutton Coldfield to Manage the property for 5 years Guaranteeing rent of £168,000 over 5 years

Century21 management charge is 9% on the rental £35,700 per year therefore management charge £3,213 inc vat per year

The service charge on the apartment is £2,397.52 per year

The Guaranteed return is £35,700 per year

Management charge £3,213 per year

Service charge £2,397.52 per year

Net Guaranteed return per year £30,089.48

Equates to net 5.06% on investment

Guaranteed for 5 years

Total return £150,447 paid into Buyers bank

Welcoming Reception Hall.

Having useful store rooms with doors to cloaks cupboard and airing cupboard

Kitchen (4.9m x 2.74m)

Stunning Fitted Breakfast Kitchen, fully equipped with contemporary neff appliances including an induction hob with extractor hood over, built in microwave, state of the art self cleaning oven, plate warmer, dishwasher, washing machine and separate refrigerator and freezer. The kitchen is fitted with a drop down TV and a range of cabinets complemented with under unit spot lighting and granite work surfaces with inset stainless steel sink.

Spacious Lounge 2 (8.59m x 6.91m)

Having a feature bay window facing the rear with double French doors opening out onto the apartments own private sun terrace, wall mounted heaters, space for dining table and double doors

Master Bedroom 1 (4.93m x 4.24m)

A light room located at the rear of the property with wall heaters, a large feature bay window overlooking the rear and door to en-suite and Fitted wardrobes and dressing table. 225mm high profiled skirting and bespoke architraves. Contemporary brush finished light switches and socket plates

Master Bedroom One Dressing Room - 1 (3.58m x 1.63m)

Having fitted shelving, hanging rails and lighting

Master En-suite Bathroom One - (3.18m x 1.88m)

With a suite comprising a fitted bath, two sink units and W.C and shaver point, wall tiles and flooring tiling complemented with under floor heating.

Master Bedroom Two - (4.8m x 4.75m)

Having a feature bay window facing the rear, wall heater, door to en-suite and door to dressing room. Fitted wardrobes; 225mm high profiled skirting and bespoke architraves. Contemporary brush finished light switches and socket plates

Master En Suite Shower Room Two - (2.49m x 2.24m)

Having a large shower enclosure, W.C, sink unit with tiling to the walls, chrome ladder style heated towel rail, shavers point, extractor fan and floor tiling complemented with under floor heating.

Master Dressing Room Two - (2.49m x 2.24m)

Having fitted wardrobe and lighting

Bedroom Three (4.4m x 2.86m)

This room has been used for office, bedroom and dining room.

Guest Cloakroom

With W.C, wash basin, wall tiles and floor tiling.

Storage

Two additional storage cupboards.

Gymnasium -

This fully equipped gymnasium comes complete with air conditioning, TV and state of the art equipment from running and cycle Machines to weight lifting equipment

Landscape Sun Terrace

The complex boasts landscaped communal gardens with a sun terrace and water feature

Parking

The apartment comes with two allocated parking spaces and the property is accessed via large electronic gate with remote

Royal Court Development Description

Within a short walk of Sutton Park, Royal Court owners will enjoy being at the heart of Sutton Coldfield with its renowned quality amenities. The park itself is the largest area of urban parkland in Europe, once said to be the hunting ground of Henry VIII. It is a superb haven for walking, featuring seven lakes and 2,400 acres of woodland, where you can take life at a more sedate pace.

The town centre ensures all your shopping needs are close at hand. A mixture of high street brand names and smaller, independent shops, Sutton Coldfield provides individuality whilst retaining a real sense of community values. Just a few miles away is Birmingham City centre, home to the Bullring, Midlands premier shopping venue.

Local schools include the excellent Sutton Coldfield Girls Grammar School and Bishop Vesey Grammar School. Sutton Railway Station is within half a mile of the development.

Royal Court also enjoys easy access to a wider area for business or pleasure.

The M6, M6 Toll and M42 motorways are within easy access, making it simple to reach Birmingham International Airport and The Belfry.

Service Charge is Per annumis £2,397.523

Council Tax BandingE - for 2019 / 2020 is £2009

Share of Freehold- 1 / 22 share

Currently the lease is 110 Years and the member can increase it to 999 years at no cost

Council Tax Band E

Viewings
Strictly by appointment through out Century21 Sutton Coldfield Office on or .

Property sold by a connected person

 

Local info for B74

Floor plan

 

Property Value Data/Graphs for B74

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Detached house 46.7% £1,127,390 4.7 2.1
Flat 17.5% £262,521 2 0.8
Semi-detached house 17.5% £323,071 3.1 1
Detached bungalow 5.8% £534,286 3.4 1.3
Other 3.3% £998,500 3.5 2.3
Land 3.3% £895,000 0 0
Link-detached house 2.5% £488,333 4.7 2.7
Semi-detached bungalow 1.7% £280,000 2.5 0.5
Maisonette 0.8% £185,000 2 0
Terraced house 0.8% £220,000 2 1

Area Information

Average Price Paid

£397,919

Sales

3720

Current Average Value

£743,128

Value Change

£345,209 86.8%

 

Current Asking Prices in B74 Average: £743,128

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £119,000 (1) £235,000 (3) £388,012 (33) £647,240 (29) £1,552,000 (15)
Flats £154,600 (5) £234,579 (12) £422,000 (5) - -
All £148,667 (6) £234,663 (15) £392,484 (38) £647,240 (29) £1,552,000 (15)

Nearby Properties

2 bed Flat () Mary Ann Street, Birmingham B3 £21,500,000
0 bed Land () Suttons Drive, Great Barr B43 £7,000,000
8 bed Detached house () Green Lane, Wall, Lichfield WS14 £4,250,000
5 bed Detached house () The Orchards, Four Oaks Estate, Sutton Coldfield B74 £4,000,000
5 bed Detached house () 8 The Orchards, Four Oaks Estate, Sutton Coldfield, West Midlands B74 £4,000,000
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