15 High Street,
Tettenhall
Wolverhampton
WV6 8QS
248 Wellington Road, Bilston, WV14 6RL
Offers Around £339,995
5 Bedroom House - Detached
- 5 x STUDIO FLATS
- SOLD WITH EXISTING TENANCIES
Exceptional Investment Opportunity – Detached Property with Five Studio Apartments close to the tram with fast access to Birmingham.
An excellent opportunity to acquire a detached property comprising five self-contained studio apartments, all currently let on periodic Assured Shorthold Tenancies (ASTs).
Rental Income Breakdown:
Flat 1 248 Wellington £450.00 Periodic AST 06/04/2018
Flat 2 248 Wellington £476.66 Periodic AST 16/10/2017
Flat 3 248 Wellington £450.00 Periodic AST 25/11/2022
Flat 4 248 Wellington £550.00 Periodic AST 29/12/2023
Flat 5 248 Wellington £450.00 Periodic AST 01/08/2019
Total Gross Rental Income:
•Per Month: £2,376.66
•Per Annum: £28,519.92
This property presents an attractive investment with an established rental income stream. For further details or to arrange a viewing, please get in touch.
There is the potential for extension to the rear (subject to gaining all of the usual and necessary permissions and consents).
NB
All photos were taken before the current tenancies started.
SERVICES
We are informed by the Vendors that all mains services are connected
Each property has a council tax band A - Wolverhampton
POSSESSION The property is being sold with the existing tenancies.
VIEWING - Please contact the Tettenhall Office.
The property is FREEHOLD.
Broadband – Ofcom checker shows Standard / Superfast / Ultrafast are available
Mobile – Ofcom checker shows two of the four main providers have likely coverage indoors with all four having likely coverage outdoors.
Ofcom provides an overview of what is available, potential purchasers should contact their preferred supplier to check availability and speeds.
The long term flood defences website shows very low risk.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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