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12 bedroom flat for sale

Stafford Road, Wolverhampton, West Midlands, WV10

PROPERTY TYPE

Flat

BEDROOMS

12

BATHROOMS

10

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Freehold block of 6 self-contained flats
  • Freehold title included
  • Tenants in situ in 5 of 6 apartments
  • All flats two-bedrooms
  • 4 flats with en-suite to master
  • Open-plan kitchen/living areas
  • Top-floor flat with private balcony
  • Central heating throughout
  • Ample storage in all flats
  • 12 allocated parking spaces (2 per flat)

Description

**** BLOCK OF FLATS **** INVESTMENT OPPORUNTITY **** Bairstow Eves are delighted to offer for sale this attractive freehold block of six self-contained apartments, presenting a rare and secure investment opportunity within a private gated development. The sale includes six individual leasehold titles together with two freehold titles, providing full ownership of the building and all associated communal areas.

The block is of traditional brick construction and is arranged over multiple levels, comprising six well-proportioned two-bedroom flats. Four of the apartments benefit from two bathrooms, including an en-suite to the principal bedroom, while the remaining two offer two bedrooms and a modern family bathroom. All of the flats feature open-plan kitchen and living areas, designed to maximise both space and natural light, and each is fitted with gas central heating and generous built-in storage. The top-floor apartment enjoys the added benefit of a private balcony accessed directly from the lounge, further enhancing its appeal.

The flats are consistently presented and well laid out, making them highly attractive to both tenants and owner-occupiers. Five of the six apartments are currently let on rolling monthly agreements following their initial six-month ASTs, while one is presently unlet, offering immediate scope for additional income.

The site itself forms part of a well-maintained, walled and gated development consisting of one block of six apartments, seven houses within the gated grounds, and two further properties located just outside the development. Within the gated area there are 26 allocated parking spaces, providing two spaces per property, along with dedicated bin stores and secure bike storage. The communal hallways, car park and shared areas are all included within the freehold.


Each apartment is subject to a ground rent of £125 per annum. The structure of the titles, the quality of the accommodation and the secure setting all combine to make this a strong long-term investment with reliable fundamentals and future potential.

This is a rare opportunity to acquire a complete freehold block within a gated development, offering income, control, and security in one compelling package.



Flat information

720 Rent £550 Tenancy rolling month contract after initial 6 month AST Two bathrooms two bedrooms 722 Rent £650 Tenancy rolling month contract after initial 6 month AST Two bathrooms two bedrooms 724 Rent £550 Tenancy rolling month contract after initial 6 month AST Two bathrooms two bedrooms 726 Rent £525 Tenancy rolling month contract after initial 6 month AST Two bathrooms two bedrooms 728 Currently unlet One bathroom two bedrooms 730 Rent £600 Tenancy rolling month contract after initial 6 month AST One bathroom two bedrooms

Titles

The sale includes 6 leasehold titles and 2 freehold titles for sale the ground rent for each of the apartments is £125. This includes the apartment block, which is brick built, and all freehold titles associated with the leasehold including the communal hallways and communal areas of the gated carpark.

Car parking and rent/ charges

The gated carpark is shared between the apartments and 7 houses within the gated walled carpark. The 9 houses are eligible to pay a £1 rent charge every 6 months. This rent charge ties in the owners to a management fund to maintain the communal areas. The site consists of a gated walled development with 7 houses and one block of 6 apartments and two further properties just outside of the gated development. Within the gated area there is 26 allocated car parking spaces, two per property. All 15 properties pay into a management fund to maintain and upkeep the carpark and communal areas. The freehold site is in good order and it is managed by the current sellers rather than an external management company this enables them to keep cost low and generate revenue.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Stafford Road, Wolverhampton, West Midlands, WV10

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About Bairstow Eves, Cannock

13 Wolverhampton Road, Wolverhampton Road, Cannock, WS11 1AP
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With an extensive and vibrant history, Bairstow Eves has fast become an icon of professionalism in the London and UK property market. With our distinct red and black branding, Bairstow Eves is instantly recognised and trusted as a local agent with an established heritage, but with the backing of a wider network within Countrywide.

Whether you are looking to sell property, buy a new home, find a tenant or locate your perfect rental pad, we will endeavour to assist with your property objectives in the manner best suited to you.

Alongside cross promotion through our extensive branch network, we also make sure that your property will be proactively marketed through a wide variety of mediums. As well as being effectively promoted online on a number of major property websites and portals, we will create high quality promotional materials for your property. Using local press, canvassing and direct marketing, we will make it our mission to find the right buyer or tenant for you.

As part of Countrywide, the UK's largest property group, we are also in the privileged position of being able to promote your property on a national scale and generate enquiries from buyers and tenants across the UK.

We offer a FREE no-obligation market appraisal service. A member of our professional team will assess your property and evaluate its worth. Our representatives can provide up to date local information that can help you make an informed decision regarding your sale or let.

If you'd like to find out how Bairstow Eves can help you achieve a successful property transaction pop into your local branch, send us an email or give us a call. We would love to hear from you.

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£3,193
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference WCA250800. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Bairstow Eves, Cannock. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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