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Mill Street, Kidderminster, Worcestershire

Key features

  • Freehold Investment Property.
  • Two Flats With Sitting Tenants.
  • Situated Within Walking Distance of Kidderminster Town centre
  • Potential Gross Rental Income of £12,600 Per Annum

Description

INVESTMENT PROPERTY FOR SALE. Freehold. Residential property comprising of two one bedroom flats, sold as an investment with both flats let with sitting tenants. Located close to Kidderminster Town Centre and local amenities. Producing a gross annual rental income £12,600, giving a gross yield of 9% before costs.

Flat 48

Ground floor flat comprising of: Private entrance door leading to lounge area, inner hall leading to kitchen, double bedroom with en-suite shower room. Currently let on Assured Periodic Tenancy with a current rental income of £650 per month. Rent includes £100 allocated for gas and electricity. Approximate net internal area 42 Square Metre / 451.92 Square Feet as per the EPC.

Flat 48A

First floor flat comprising of: Private entrance door and stairs leading to first floor. Open plan lounge kitchen. Double bedroom and shower room. Currently let on Assured Periodic Tenancy with a current rental income of £600 per month. Rent includes £100 allocated for gas and electricity. Approximate net internal area 44 Square Metre / 473.44 Square Feet as per the EPC.

Energy Performance Certificate

EPC rating for 48 Mill Street is C 75 EPC rating for 48a Mill Street is C 71

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 two flats.

Services

Mains water, gas, 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. The properties benefit from fibre to the premises broadband connection. In both properties indoor mobile coverage is good with EE, O2 & Vodaphone but variable with Three. Outdoor coverage is good with EE, O2, Three and Vodaphone. (Source: Ofcom)

Council Tax Band

48 Mill Street council tax band is 'A' as at 05.01.2026 48a Mill Street council tax band is 'A' as at 05.01.2026

Anti-Money Laundering Regulations

We are required by law to conduct anti-money laundering, counter-terrorist financing, and counter-proliferation financing checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks are carried out correctly and for ongoing monitoring, the initial checks are carried out on our behalf by Lifetime Legal who will contact you if you have had an offer accepted on a property you wish to buy. The cost of these checks is £96 inc VAT, which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee is paid in advance, directly to Lifetime Legal and is non-refundable.

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.

Important Notice

We have prepared these property particulars as a general guide to a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to Doolittle & Dalley.

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: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
No wheelchair access

Mill Street, Kidderminster, Worcestershire

Approximate location

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Affordability

Monthly repayments£703
Property: £ 140,000
Deposit: £ 14,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
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About Doolittle & Dalley, Kidderminster

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

Welcome to Doolittle & Dalley

With over 130 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.

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Disclaimer - Property reference KDR230012. 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.

*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.