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Superb Two Bed Investment Opportunity

Fixed price £90,000
The Minories, Dudley, West Midlands, DY2
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Essential Infomation

  • Property Type: Apartment
  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Reception
Reference number : 10015
Market info

Key Features

  • Kitchen-Diner
  • Off-road Parking
  • Elevator in Building
  • Furnishing: Unfurnished
  • Open Plan Lounge
  • Tenure: Leasehold
  • Current Occupant: External Tenant
  • Fridge Freezer
  • Full Double Glazing
  • Washing Machine
  • Oven/Hob

Description

A superb opportunity to own a great priced investment property on the edge of Dudley town centre. 

This ground floor two bedroom one bathroom apartment is currently tenanted at £675.00pcm. Boasting two bedrooms both carpeted and having double glazed windows with blinds letting lots of natural light inside, a good sized living room diner, a good sized bathroom with shower. This property comes with parking.

The local area is going through a huge redevelopment plan and in the next couple of years the new tram system will be installed with a tram stop outside the development giving easy access to Birmingham City Centre. 

Gross rental yield 9%

 There is 245 years left on the lease.

The ground rent is £250 per year.

Service charge is £1079.91 per year.

Electric hot water and heating.


Tenure  : Leasehold

  • Ground Rent  :  £250.00 pa
  • Service Charge  :  £1,079.91 pa
  • Length of Lease  :  245 Years

Council Tax Band  :  A

Short Description

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ENERGY PERFORMANCE CERTIFICATES

The Energy Performance Certificate (EPC) gives the building a standard energy and carbon emission efficiency grade from 'A' to 'G', where 'A' is the most efficient and 'D' being the average to date.

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