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6 bedroom apartment for sale

Wolverhampton street, Dudley

£185,000

Property Description

Key features

  • 6 bedroom accommodation with own entrance door
  • accommodation has 22,000 annual income
  • 6 bedrooms; two bathrooms; kitchen
  • Close to shops and amenities
  • Central heating
  • Fully furnished

Full description

Tenure: Leasehold

A Well-located property with high income.
6 bedroom flat with two bathrooms. Gas central heating, Spacious kitchen. The building is fully let and has a current income of £1830 per month. All professional working people - no DSS lets. Long term tenants. High yield investment property. Great opportunity.

Need to sell urgently to release capital – hence very low price of £185,000

Property has been recently renovated and updated. All rooms newly plastered and painted.

£7000 fire alarm fitted.
Emergency Lighting fitted.
Fire doors fitted.

FULL PARTICULARS

Steel Front door from road;
Leading to Entrance Hall and stairs.
Landing;
door to :- two separate bathrooms each containing a
luxury double walk-in shower, w.c. and wash basin. Both shower rooms are newly built and fully tiled.

Door to fitted Kitchen and patio area.

Door to the right leading to two DOUBLE bedrooms on the same floor.
These rent at a premium rate (£340 pcm)

stairs on left leading to two further double bedrooms

stairs on right leading to another two double bedrooms.

these rooms rent for £290 pcm each, but the full market rent is £330 pcm.
Four rooms are rented at £290 PCM and two rooms are rented at £340 PCM
These are long term tenants that are settled so not likely to move quickly.

Also – tenants are easy to find as it is a convenience town centre location.

Need to sell urgently to release capital - hence bargain price now £185,000
giving a 13% yield which is exceptional. Normal yield on property is 5%.

Please call to arrange a viewing time.


Property reference: IATA8049

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
24 June 2016

Map & Street View

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