2 bed maisonette for sale

Cheswood Drive, Minworth, Sutton Coldfield, West Midlands B76

***for sale by modern method of auction***

This ground floor two-bedroom maisonette is ideal for investors, offering a strong yield of around 9.3%. The layout includes a separate kitchen, spacious lounge, bathroom, and two bedrooms, all with a functional layout. The property is currently tenanted, providing immediate rental income. Located close to local shops, schools, and transport links, this is a smart buy-to-let opportunity.

*** for sale through modern method of auction ***

Positioned on the ground floor, this two-bedroom maisonette presents a strong investment opportunity with a current rental yield of approximately 9.3%. The property is currently tenanted, making it suitable for buyers looking for immediate rental income without delay or vacancy risk.

Internally, the layout is straightforward and functional. The entrance opens into a hallway which leads to two bedrooms, a fitted kitchen, and a three-piece bathroom suite. The living area is well-sized, with natural light entering from front-facing windows. The kitchen includes built-in storage and space for appliances. Both bedrooms are of decent proportions, with enough room for freestanding furniture. Overall, the property is in lettable condition and offers scope for basic internal improvement, if desired, to increase long-term rental potential or resale value.

Outside, the maisonette benefits from its own private entrance and a private garden. The location offers reliable tenant demand, with local amenities, bus links, and motorway access all nearby. Schools and shops are within a short distance, making this a practical buy-to-let option or an affordable purchase for someone seeking a well-located ground floor home.

This sale is subject to the Modern Method of Auction, allowing buyers to bid within a fixed time frame. It's particularly well suited for investors who are comfortable purchasing with a sitting tenant and looking to take advantage of a high yield from day one.

Material information...
Council Tax Band: B
Tenure: Leasehold
Lease Length: 47 Years Remaining
Service Charge: £129 per annum
Ground Rent: £52.50 per annum
Property Construction: Brick
Electricity Supply: Mains
Water Supply: Mains
Sewerage: Mains
Heating Supply: Electric
Broadband: Available
Mobile Signal Coverage: Please refer to Ofcom
Flood Risk: Low
Coalfield Area: Please check Coal Authority records
Current Tenancy Status: Tenanted – investor purchase only

agents note:
We haven’t tested any electrical or heating systems. Buyers are advised to carry out their own investigations. Floor plans and room sizes are approximate. As part of Money Laundering Regulations, we are required to verify all buyers’ identity prior to agreeing a sale.

Fixtures and fittings:
Items listed in these particulars are assumed included unless stated otherwise.

Auctioneer Comments
This property is for sale by Modern Method of Auction. The buyer and seller must complete within the 56-Day Reservation Period. Interested parties’ details will be shared with iamsold Ltd (the auctioneer).

If you’re purchasing with a mortgage, you should ensure your lender is aware the purchase is by auction and that the property is suitable. A Buyer Information Pack is available and must be reviewed before bidding. The buyer is responsible for the cost of this pack.

A Reservation Fee of 4.5% (inc VAT) of the purchase price applies, subject to a minimum of £6,600 inc VAT. This is non-refundable and payable in addition to the purchase price. It forms part of the stamp duty calculation.

John Shepherd and the auctioneer may recommend additional services for which they may receive a referral fee of up to £960 inc VAT. These services are entirely optional.