Short Street, Stourbridge, DY8 1XT
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
4
- 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
- Exceptional freehold investment opportunity offering a block of four self contained one bedroom flats.
- Prime central Stourbridge location with a long and proven history of successful letting.
- Offered as a genuine retirement sale making it a highly desirable portfolio addition.
- Fully let to established long term tenants providing immediate income for a new landlord.
- Externally the development features well kept patio gardens and dedicated residents parking.
- Current rental income of £26,160 per annum with a clear potential to optimise to £33,600 per annum.
- For Sale by Modern Auction – T & C’s apply.
- Subject to Reserve Price.
- Buyers fees apply.
- The Modern Method of Auction.
Description
Offered for sale via the Modern Method of Auction. An exceptional freehold investment opportunity has arisen in a prime central Stourbridge location, offering a block of four self-contained one-bedroom flats. This highly desirable addition to your portfolio is being offered as a retirement sale and boasts a long, proven history of successful letting.
Each individual flat is fully let to established long-term tenants and benefits from its own private entrance, hallways, integrated storage, spacious lounges, fitted kitchens and bathrooms/shower rooms, and a double bedroom. Externally, the development features well-kept patio gardens and dedicated residents' parking.
With the exception of Flat 3, all of the apartments have been modernised in recent times, benefiting from contemporary kitchens and bathrooms, fresh neutral decoration, and updated flooring throughout. Flat 3 currently requires some improvement, presenting an excellent opportunity for the new owner to update and immediately add further capital and rental value.
Currently generating an income of £26,160 per annum with a clear potential to optimise to £33,600 per annum, this property represents a fantastic acquisition ready for a new landlord to take forward.
Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
Accommodation Configuration
Ground Floor - Flat 1
Lounge - 4.77m x 3.33m
Kitchen - 3.36m x 2.44m
Bedroom - 3.52m x 3.34m
Bathroom - 3.52m x 3.34m
Rent £580.00 PCM
EPC - Current D66 Potential C67
Ground Floor - Flat 2
Lounge - 4.93m x 3.94m
Kitchen - 3.75m x 2.42m
Bedroom - 3.65m x 3.07m
Bathroom - 3.52m x 3.34m
Rent £550.00 PCM
EPC - Current C71 Potential C75
First Floor - Flat 3 - Split Level
Lounge - 4.11m x 3.78m
Kitchen - 4.12m x 2.38m
Bedroom - 4.38m x 2.76m
Bathroom - 2.66m x 2.65m
Rent £500.00 PCM
EPC - Current E45 Potential C71
First Floor - Flat 4
Lounge - 4.51m x 3.81m
Kitchen - 2.59m x 3.81m
Bedroom - 3.40m x 3.16m
Bathroom - 2.28m x 1.71m
Rent £550.00 PCM
EPC - Current C71 Potential C79.
Out of respect for the long-term tenants, a selection of internal photographs is available to serious applicants upon request.
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- 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
Short Street, Stourbridge, DY8 1XT
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About Billingham & Co, Powered by eXp UK, covering West Midlands
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Visit our security centre to find out moreDisclaimer - Property reference S1733229. 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.”
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