Ragees Road, Kingswinford, DY6

BUY TO LET INVESTORS ONLY-SOLD WITH TENANT IN SITU

CURRENT RENT £500 PCM GROSS YIELD 10% PA

125 YEAR LEASE ON COMPLETION

EPC D-Potential C

This compact one bedroom ground floor flat is an ideal opportunity for buy to let investors, as it is offered for sale with a tenant in situ. Currently achieving a rental income of £500 per calendar month, the property provides a strong gross yield of 10 percent. The flat is leasehold, with a new 125-year lease granted upon completion of the sale. Measuring approximately 284 square feet (please check with your lender if minimum square footage criteria apply), the accommodation comprises an open plan living and kitchen area, a double bedroom, and a bathroom. The property is situated within a well-maintained block and benefits from council tax band A, EPC rating D (with potential to improve to C), and zero ground rent payable per annum. Service charge is £840 per annum. The flat is suitable for investors looking for a straightforward addition to their portfolio, with a reliable rental history and low ongoing costs.

Externally, the property enjoys access to attractive communal gardens, providing a pleasant green outlook and space to relax outdoors. Residents also benefit from one allocated parking space, ensuring convenient off-road parking. The communal areas are well cared for, creating a welcoming environment for residents and visitors alike. The ground floor position offers easy access, making the property suitable for a range of tenants, including those seeking step-free living. The location is well served by local amenities and public transport links, further enhancing its appeal to tenants. This property represents an excellent investment opportunity, combining strong rental returns with desirable outdoor space and practical features. Early viewing is highly recommended to appreciate the value and potential this flat offers.

A Buyer’s Reservation Fee forms part of any agreed purchase price. Please contact branch for more information.

NB. In accordance with Section 21 of the Estate Agent Act 1979, we declare that there is a personal interest in the sale of this property. The property is being sold by Director’s of Move Places Ltd.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: MP has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: MP has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Parking - Allocated parking