Riches Street, Wolverhampton, WV6

A fantastic investment opportunity to acquire a traditional end-terraced property which has been converted into two self-contained flats and is being offered for sale with tenants in situ. The property is currently producing a combined rental income of £1,400 per calendar month, providing an attractive opportunity for an investor looking to add an established income-producing property to their portfolio.

Situated within approximately 1.2 miles of Wolverhampton city centre, the property is ideally placed for access to a wide range of local amenities and facilities. There are shops, schools, colleges, leisure facilities and everyday conveniences all within easy reach, while excellent public transport links are also available nearby, including regular bus services together with Wolverhampton railway station and the Metro network, providing convenient access to the city and surrounding areas.

The property has been arranged to provide two separate residential units, comprising a one-bedroom ground floor flat and a two-bedroom first floor flat. Each flat provides its own accommodation, making the property particularly suited to the rental market, with the existing tenants already in occupation. The services are separately metered/split between the two flats, further adding to the practical appeal of the investment.

Externally, the property benefits from a rear garden, providing useful outside space for the occupants.

With two established rental units, tenants already in situ, a current combined rental income of £1,400 per calendar month and a convenient location close to Wolverhampton city centre, this represents an excellent opportunity for both experienced landlords and investors looking to expand their property portfolio. Early viewing is highly recommended to appreciate the accommodation, location and investment potential on offer.

EPC band: D

Council Tax:

The property is connected to mains, Electric, Gas, Water & Drainage, however buyers are advised to verify that the property is connected to mains utilities and to confirm all services independently.

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.