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Outside
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Kitchen
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Reception
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Sample EPC
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Rare opportunity to buy a 24-unit tenanted portfolio generating 5.34% yield in Dudley, West Midlands

£2,806,440
24 Unit Portfolio
VES-DY1-024

Features


NO OF UNITS
24

USE
Residential

TENURE
Leasehold

PRICE
£2,806,440

AGGREGATE RENT
£149,760

GROSS YIELD
5.3%

TOTAL SQUARE FOOTAGE
15,501

PRICE PER SQUARE FOOT
£181

TENANCY STATUS
Tenanted

FURNISHED
No

Portfolio Overview

  • Total No. of Units: 24 x flats
  • 19 x 2 beds and 5 x 1 beds
  • Units spread across 2 blocks: 19 units @ Page's Croft & 5 units @ Aldeney Close
  • Leasehold properties
  • Aggregate rent: £12,480 pcm; £149,760 pa
  • Aggregate Service Charge: £25,977.62
  • Ground Rent: Peppercorn
  • Tenancy types: ASTs
  • Low voids
  • Long-term tenants

Floorplan Dimensions

The Neptune

Kitchen / Living Room 22' 4" x 13' 1 Bedroom 1 (excl. wardrobe) 11' 8" x 8' 11" En-suite 5' 10" x 5' 3" Bedroom 2 12' 0" x 6' 4"

The Kniver

Kitchen/Living room 22' 4" x 13' 11" Bedroom 1 13' 4" x 11' 5" En-suite 8' 2" x 4' 10" Bedroom 2 11' 11" x 10' 8" Bathroom 7' 0" x 6' 1"

The Himley

Kitchen/Living room 18' 10" x 12' 10" Bedroom 14' 3" x 9' 4" Batrhoom 7' 8" x 6' 2"

Available on request

  • Portfolio Breakdown
  • Unit Leasehold Details
  • EPCs for all units
  • Unit Documentation

All leasehold details are based on information supplied by the vendor and should be verified by the purchaser’s solicitor.

Vesta have not visited the property and the materials have been provided by the vendor.

Need more information?

REQUEST PORTFOLIO DETAILS

Floorplans

Floorplan 1
Floorplan 2
Floorplan 3

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.


About Dudley, West Midlands

Dudley is a large town in the county of West Midlands, 6 miles south-east of Wolverhampton and 10.5 miles north-west of Birmingham.

There are multiple travel options from this property and Tipton station is conveniently only a 20-minute walk away. This train station is served by West Midlands Railway and runs services between Wolverhampton and Walsall via Birmingham. During the week there are two services every hour that run in each direction. There are also bus links to the neighbouring towns of Tipton, Walsall, Wolverhampton, Birmingham, West Bromwich and many more. The closest bus stop being less than 100m from this property, making it very easy to travel around the surrounding region.

This area of the Black Country is very rich in cultural attractions that are in walking distance such as the Black Country living Museum, Dudley Castle and Dudley Zoological Gardens. Slightly further down the road from this property is Castlegate Business Park which offers a broad range of retail stores, restaurants and a cinema. There are further retail options in town via the Merry Hill Shopping Centre & Churchill Shopping Centre which are packed with options and is known as the commercial centre.

The town of Dudley has much to offer in terms of work opportunities with in the town, some of the biggest employers in the local area include Mitie, Interserve, the NHS, DMBC and Rentokil Initial. Dudley is fortunate to being only a short half an hour drive from Birmingham via the A457, and so this opens up many opportunities for potential commuters looking for jobs in the neighbouring town.


Performance

GROSS RENTAL YIELD
5.3%
RENT PER ANNUM
£149,760
HPI GROWTH (5 YRS)
23.7%

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