Enville Street, Wollaston, Stourbridge, DY8 3TQ
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
3
- SIZE
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- 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 block comprising three self-contained flats
- Fully let and producing a robust income stream of £22,800 per annum
- Ground floor features two 1-bedroom flats occupied by reliable, long-term tenants
- First floor features a generous and spacious 2-bedroom self-contained flat
- Recently retrofitted with external wall insulation (EWI) for improved thermal efficiency
- Immediate rental return from day one of completion
- High-yield buy-to-let opportunity in a popular residential setting
- Subject to Reserve Price
- Buyer fees apply
- For sale by Modern Auction - Ts & Cs apply
Description
An outstanding freehold investment opportunity offered for sale by auction, comprising a fully let block of three self-contained flats generating an impressive total rent roll of £22,800 P/A. Presenting a high-yielding, turnkey buy-to-let portfolio acquisition, the property has been further enhanced by recent eco-retrofitting, including external wall insulation to boost overall energy efficiency.
The accommodation breakdown comprises: on the ground floor, two self-contained one-bedroom flats, both benefiting from settled, long-term tenants providing reliable ongoing income. Spanning the entire upper level is a particularly spacious self-contained two-bedroom first-floor flat. All three units benefit from the building's recent external wall insulation (EWI) upgrade, helping to optimise thermal performance.
The property offers a seamless investment setup with an immediate rental yield from day one of completion, representing a prime opportunity for portfolio landlords and savvy investors.
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
Double glazing, under floor heating, one double bedroom, modern refitted kitchen, open plan lounge and smart shower room.
Rent £500.00 PCM
Flat 2
Double glazing, under floor heating, one double bedroom, modern refitted kitchen, open plan lounge and smart shower room.
Rent £500.00 PCM
First Floor
Flat 3
The property is well-presented throughout, benefiting from gas central heating and double glazing. The generous interior includes a lounge, a fitted dining kitchen, two well-proportioned double bedrooms, and a modern bathroom.
Rent £900.00 PCM
Note: Photos are of pre-tenancy condition.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
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- 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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Affordability
About Billingham & Co, Powered by eXp UK, covering West Midlands
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Visit our security centre to find out moreDisclaimer - Property reference S1806000. 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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