High Oak, Pensnett, Brierley Hill, DY5 4LA
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
2
- BATHROOMS
2
- 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
- Pair of self-contained one-bedroom flats sold together as one lot
- Turn-key investment generating £15,540 per annum (£1,295 PCM combined)
- Flat 37A currently let at £700 PCM | Flat 37B currently let at £595 PCM
- Excellent location near Russells Hall Hospital, Dudley, Kingswinford, and Brierley Hill
- Both flats let on Assured Periodic Tenancies with reliable private tenants and zero rent arrears
- To respect the privacy of the tenants, no internal viewings will take place
- Comprehensive auction pack complete with EICRs, EPCs, deposit certificates, management reports and tenancy agreements
- Subject to Reserve Price
- Buyer fees apply
- For sale by Modern Auction - Ts & Cs apply
Description
A prime turn-key investment opportunity featuring two self-contained, one-bedroom flats sold together as a single lot, generating an immediate gross rental income of £15,540 per annum (£1,295 PCM combined). Ideally situated close to Russells Hall Hospital with seamless transport links to Dudley, Kingswinford, and Brierley Hill, this fully let and professionally managed asset offers an exceptional yield for buy-to-let investors seeking instant cash flow.
Inside, the accommodation for each unit comprises: lounge, kitchen, double bedroom, shower/bathroom. (Please refer to the enclosed floor plans for exact layouts and room dimensions).
The property benefits from: a dual-title setup where Flat 37A is held on a Freehold title and Flat 37B on a Leasehold title, with the vendor open to restructuring the title configurations to suit the buyer's preferences.
Investment & Property Overview
Financial Breakdown
Flat 37A: £700 PCM (£8,400 per annum)
Flat 37B: £595 PCM (£7,140 per annum)
Total Rent Roll: £1,295 PCM (£15,540 per annum)
Title Configuration
Flat 37A is currently held on a Freehold title, while Flat 37B is on a Leasehold title. The properties are being sold as one combined lot, and the seller is open to altering the title setup to meet the purchaser's legal or mortgage requirements.
Compliance & Documentation
A full legal and auction pack is available, containing detailed tenancy agreements, valid Electrical Installation Condition Reports (EICRs), Energy Performance Certificates (EPCs), deposit protection certificates, and recent property management inspection reports. There are no outstanding maintenance issues reported as of the listing date.
Viewings & Marketing Note
To respect the privacy of the tenants, no internal viewings will take place. Marketing photography accurately reflects the condition (Flat 37A photos taken June 2026; Flat 37B photos taken July 2025) accompanied by recent property management inspection reports in the auction pack.
Auctioneers 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.
- 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- No parking
- 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.
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About Billingham & Co, Powered by eXp UK, covering West Midlands
3 St James Court, Wollaston, Stourbridge, DY8 3QG
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Visit our security centre to find out moreDisclaimer - Property reference S1844761. 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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