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Lion Hill, Stourport-on-Severn, Worcestershire, DY13

£399,000
Doolittle & Dalley, Kidderminster
PROPERTY TYPE

Plot

SIZE

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Key features

  • Freehold Investment Property
  • Converted Grade II Building
  • Five Flats With Sitting Tenants.
  • Close To Town Centre
  • Views Towards The Stourport Basin
  • Large Carpark To Rear
  • Potential Gross Rental Income of £31,740 Per Annum

Description

RESIDENTIAL INVESTMENT PROPERTY. Freehold building comprises of 7 apartments in total, 5 apartments are included within this sale and the further two flats on long leases. The premises are in a well-established, prominent area of Stourport at the corner of Lion Hill and Lodge Road. Overlooking the canal, the Grade II listed accommodation also consists of a cellar and parking to the rear which provides ideal opportunity to produce further rental income. Current rental income of £31,740 per annum producing a current yield of 7.95% excluding costs. Some apartments are in need of some modernisation therefore providing an ideal investment opportunity to increase rental income once improved. ASKING PRICE £399,000.

Flat 1 (Not Included)

Owner occupied. Ground floor flat. Lease Term 99 years from 1 January 2001. Service Charge of £250.00 per annum paid directly to the freeholder. Ground rent at a peppercorn.

Flat 2 (Not Included)

Owner occupied. Ground floor flat. Lease term 189 years from 1 January 2001. Service Charge of £250.00 per annum paid directly to the freeholder. Ground rent at a peppercorn.

Flat 3

First floor flat. Accommodation comprises: Entrance hall, kitchen, lounge, bedroom and shower room. The property benefits from night storage heating. Currently let on an Assured Periodic tenancy with a current rental income of £530 per month. Approximate net internal area 29 Square Metres/ 311.75 Square Feet.

Flat 4

First floor flat. Accommodation comprises: Entrance hall, fitted kitchen, lounge, double bedroom, and shower room. The property benefits from night storage heating. Currently let on an Assured Periodic tenancy with a current rental income of £460 per month. Approximate net internal area 30 Square Metres/ 322.50 Square Feet.

Flat 5

First floor flat. Accommodation comprises: Entrance hall, lounge, fitted kitchen, double bedroom, and shower room. The property benefits from night storage heating. Currently let on an Assured Periodic tenancy with a current rental income of £485 per month. Approximate net internal area 37 Square Metres/ 397.75 Square Feet.

Flat 6

A second floor flat. Accommodation comprises: Entrance hall with entrance phone, lounge, fitted kitchen, double bedroom, and shower room. The property benefits from new electric heating. Currently let on an Assured Periodic tenancy with a current rental income of £525 per month. Approximate net internal area 38 Square Metres/ 408.5 Square Feet.

Flat 7

A second floor flat. The accommodation comprises of hall, lounge, kitchen, double bedroom and bathroom. The property benefits from night storage heaters. Currently let on an Assured Periodic tenancy with a current rental income of £525 per month. Approximate net internal area 38 Square Metres/ 408.5 Square Feet.

Basement

Entrance 2.67m x 4.09m Night storage heater. Cloakroom W.C. Wash hand basin. Hot water heater. Room One 4.41m x 3.71m Night storage heater. Meters Room Two 3.91m x 3.44m Night storage heater.

Outside

The property comes with 6 allocated parking spaces. These can be rented out separately if desired. The current owner has advised that he currently collects £120 per month in parking.

Energy Performance Certificate

Flat 3 EPC = E Flat 4 EPC = C Flat 5 EPC = D Flat 6 EPC = E Flat 7 EPC = E

V.A.T Payable

V.A.T. will not be charged on the purchase price

Tenure & Possession

The property is freehold and subject to sitting tenants in the 5 of the flats.

Services

Mains water, electricity, and drainage are connected. We have not tested any apparatus, fixtures, fittings or services and we cannot verify that they are in working order, correctly installed or fit for the purpose. Prospective tenants are advised to obtain verification from their solicitor, surveyor or specialist contractor as appropriate.

Fixtures & Fittings

Any fixtures and fittings not mentioned in these sale particulars are excluded from the sale.

Viewing

By prior appointment with Doolittle & Dalley .

Council Tax Bands

Flat 3 council tax band is 'A' as at 12.05.2026 Flat 4 council tax band is 'A' as at 12.05.2026 Flat 5 council tax band is 'A' as at 12.05.2026 Flat 6 council tax band is 'A' as at 12.05.2026 Flat 7 council tax band is 'A' as at 12.05.2026

Reference: lb.12.05.2026

Anti-Money Laundering Regulations

In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, the successful purchaser will be required to provide satisfactory evidence of identity and the source of funds before the sale can proceed. This is a legal requirement. A charge of £45 (inclusive of VAT) will be payable by each buyer (and anyone providing a gifted deposit) to cover the cost of undertaking these anti-money laundering checks.

Valuation Advice for Prospective Purchasers

If you have a property to sell we can provide you with a Free Market Appraisal and marketing advice without any obligation.

Misrepresentations Act

Messrs. Doolittle & Dalley for themselves and for the vendors/lessors of this property whose agents they are, give notice that:- 1.These particulars do not constitute, or constitute any part, of an offer or a contract. 2.All statements contained in these particulars as to this property are made without responsibility on the part of Messrs. Doolittle & Dalley or the vendor. 3.None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. 4.Any intending purchaser must satisfy him/herself by inspection or otherwise, as to the correctness of each of the statements contained in these particulars. 5.The vendor does not make or give and neither Messrs. Doolittle & Dalley or any person in their employ has any authority to make or give any representation or warranty whatever in relation to this property.

Brochures

Particulars

Lion Hill, Stourport-on-Severn, Worcestershire, DY13

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Hartlebury Station2.4 miles
  • Kidderminster Station3.5 miles
  • Blakedown Station6.3 miles
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About Doolittle & Dalley, Kidderminster

Estate House Proud Cross Ringway Kidderminster DY11 6AE
Industry affiliations:

Welcome to Doolittle & Dalley

As a truly Independent Agency dealing in property we take pride in providing ethical, honest and professional advice.

With 127 Years' experience focusing on sales, lettings and management of residential, commercial and agricultural property we aim to deliver a result we believe you will be happy with.

Our team has significant experience and qualifications to ensure you get the best advice whatever your property requirements.

Our dedicated sales team will help market your property to the right type of buyer, whilst achieving the best price possible. Understanding your reasons for moving and the all-important wish list will help us to find your next home.

Comprehensive advertising, quality brochures to include full colour floor plans as standard, local & regional press, web, social media and individual editorials with bespoke adverts gives the correct level of exposure.

If you are looking to let your property, we can help. We currently let and manage approaching 1000 properties. We feel confident our referencing service & vetting of your prospective tenant will deliver a smooth, hassle free service. Our lettings team will always be there on hand to help.

For prospective tenants we will listen to why you want to move, your timescales, needs and wants and our team of negotiators will look to place you in your new home as soon as practicable.

Our maintenance department & emergency contact is there to support when necessary for tenants & clients alike.

We provide a specialist commercial property service to clients throughout north Worcestershire and south Shopshire. Over many years we have developed comprehensive knowledge in this sector, covering all aspects of retail, industrial and commercial property.

At Doolittle & Dalley we are passionate about maintaining our reputation as a pro-active, honest, professional and trustworthy company, never compromising on quality of service and always looking to maximize your property's potential

As social media grows our Facebook page should keep you abreast of all things property related, looking at relevant topics, news, market trends and analysis. Please like and follow us to share the word.

Notes

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Disclaimer - Property reference KID220513. 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 Doolittle & Dalley, Kidderminster. 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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