Dudley, DY2 8PD | Investment Property for Sale | VES-DY2-004

Opportunity to purchase an apartment in Dudley generating £6,840 rent pa & gross yield of 7.8%

£88,000

Apartment

VES-DY2-004

INITIAL INVESTMENT

£27,140

Based on

deposit: £22,000

stamp duty: £2,640

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,840

GROSS YIELD

7.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£819

1 bedroom

1 bathroom

1 reception room

442

Unfurnished

Leasehold information

  • Length of lease: 250 years
  • Year lease started: 2017
  • Years left on lease: 245 years (from 2022)
  • Service charge review period: tbc
  • Ground rent review period: tbc

Property information

  • Located on the eighth floor
  • The building was redeveloped in December 2018
  • Open plan kitchen/living room
  • Double bedroom
  • Bathroom
  • Extra storage room in the hallway
  • Lifts to all floors
  • Comes with allocated parking space
  • Secure bicycle storage
  • EPC rating D
  • Council tax band: tbc
  • Monthly rental income £570

Location information

  • The property is located just south of Dudley town centre
  • The town centre is a short walk from the property with all its amenities
  • The nearest national railway station is Sandwell & Dudley, 3.6 miles away
  • The nearest local railway station is Dudley Port, 2.2 miles away

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Tenancy

RENT

£6,840 p.a. / £570 pcm

TENANCY DEPOSIT

£657

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

7 months ago

TENANCY AGREEMENT ENDS

4/8/2023

Floorplans

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

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their 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.

The Minories,

Dudley,

West Midlands,

England,

DY2 8PD

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Vesta Property is a full member of the Property Ombudsman (TPO) and commits to TPO Codes of Practice

Chartered Trading Standards Institute - Approved Code

Authorised and regulated by the property ombusdman

Copyright © 2022 Vesta Global Limited. All rights reserved.