Initial price	£60,000
18/10/25	£50,000
Price Change	-16.67%

This modern one-bedroom studio flat is located in Redditch town centre, within close proximity to local amenities. The property is presented in excellent condition and offers an open-plan living space with a fitted kitchen, double bedroom, and separate shower room. A tenant is currently in situ, paying £550 per month, generating a potential yield of approximately 9.4%. The property is being sold as a leasehold with approximately 116 years remaining on the lease, and the annual service charge is £1825.67. Due to its limited square footage, the property is only suitable for cash buyers. The Modern Method of Auction is being used to sell the property, and interested parties must be prepared to make an offer or bid with a cash deposit.