High Street, Wollaston, Stourbridge, DY8 4NJ
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
3
- BATHROOMS
2
- SIZE
Ask agent
- TENUREDescribes 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 investment opportunity comprising two well-presented flats
- Immediate rental income of £1,100 PCM or £13,200 per annum
- Located in a beautiful Victorian building in central Wollaston
- Flat A is a one-bedroom ground floor flat held on a Rent Act tenancy
- Flat B fully refurbished in 2024 to a high contemporary standard
- Two-bedroom first-floor layout within the refurbished Flat B
- Flat B held on an Assured Shorthold Tenancy with scope to increase rent
- Proven track record of high appeal within the local rental market
- Sold with tenants in situ for immediate return on investment
- Being sold via the Modern Method of Auction
Description
Freehold Investment Opportunity | Central Wollaston. An exceptional opportunity to acquire the freehold of a characterful Victorian building in the heart of central Wollaston, comprising two well-presented flats. Being sold via the Modern Method of Auction, this investment currently generates an immediate rental income of £1,100 PCM (£13,200 PA) with tenants already in situ. The property offers a diverse portfolio profile with a strong, demonstrable history of appeal to the local lettings market.
Flat A is a one-bedroom ground floor flat (in need of improvement) held on a Rent Act tenancy, while Flat B is an impressive two-bedroom first-floor flat that was thoughtfully refurbished in 2024 to provide contemporary styled living.
With Flat B currently held on an Assured Shorthold Tenancy (AST), there is clear scope for a savvy investor to increase the rental yield further to meet current market levels. Located just moments from the popular village amenities of Wollaston, this freehold sale represents a rare chance to secure a high-yielding asset with both immediate returns and significant long-term growth potential in a highly sought-after residential area.
Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to complete within 56 days (the "Reservation Period"). Interested parties' personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack, which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price, including VAT, subject to a minimum of £6,600.00, including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Accommodation
Ground Floor Flat
Kitchen Diner 3.23m x 3.07m (10' 7" x 10' 1")
Rear Hall
Bathroom 2.66m x 1.53m (8' 9" x 5' 0")
Lounge 3.93m x 3.29m (12' 11" x 10' 10")
Bedroom 3.62m x 3.41m (11' 11" x 11' 2")
First Floor Flat
Stairs / Landing
Kitchen 3.23m x 3.07m (10' 7" x 10' 1")
Bathroom 2.08m x 1.99m (6' 10" x 6' 6")
Lounge 3.79m x 3.98m (12' 5" x 13' 1")
Bedroom One 3.64m x 3.14m (11' 11" x 10' 4")
Bedroom Two 2.58m x 2.50m (8' 6" x 8' 2")
Outside
Rear gardens designated to each flat.
Material Information in Property Listings
Tenancies
Flat A - Rent Act Tenancy £400 PCM
Flat B- Assured Shorthold Tenancy £700 PCM
Council Tax
Both flats:
Council Tax Band: A
Local Authority: Dudley MBC
Energy Performance
Flat A: EPC rating: TBC
Flat B: EPC rating C71
Tenure
Freehold.
Materials Used in Construction
The property is constructed using traditional materials and techniques.
Services
We understand that the property is connected to mains electricity, gas, water and drainage. The heating systems are gas. This should be verified by your legal adviser and/or surveyor. We have not conducted any tests of these services.
Broadband
According to Ofcom, there is standard, superfast and ultrafast broadband available in the area.
Mobile Signal/Coverage
According to Ofcom, mobile coverage is available outdoors on all four main networks.
Parking
None.
Restrictions and Rights
We are not aware of any restrictions. This should be verified by your legal adviser.
Flood Risk
According to the Environment Agency and Lead Local Flood Authorities, the property is in an area with a very low risk of flooding.
Coal Mining
The property is outside of the Coal Mining Reporting Area.
Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017
It is a legal requirement for estate agency businesses to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. To do this, we must undertake robust biometric ID verification, PEP and sanctions checks on any successful purchasers upon offer acceptance. The cost of this service is £30.00 per individually named purchaser. This cost is non-refundable and is paid to our third-party supplier by the successful purchaser. The check must be completed and recorded as satisfactory before issuing sale notifications.
Referral Fees
Please visit our website for details of referral fees that we may receive from our referral partners.
- 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- No parking
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
High Street, Wollaston, Stourbridge, DY8 4NJ
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
About Billingham & Co, Powered by eXp UK, covering West Midlands
3 St James Court, Wollaston, Stourbridge, DY8 3QGAffordability
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference S1672530. 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 Billingham & Co, Powered by eXp UK, covering West Midlands. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Billingham & Co, Powered by eXp UK, covering West Midlands on 01384 437820.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.