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4 bedroom flat for sale
St. Marks Road, Tipton
£129,500
St. Marks Road, Tipton
£129,500
Price History
Initial price | £135,000 |
16/10/24 | £129,500 |
Price Change | -4.07% |
Description
This is an investment opportunity presented as four self-contained studio apartments, offering potential yields of 9% to 16%. The property features four studios, each with an en-suite shower room, and is located on the ground and first floors. The apartments have a total floor area of approximately 1,145 square feet, with a potential rental income of £1,800 to £2,400 per calendar month, translating to £21,600 per annum. The property is leasehold, with a current ground rent of £200 per annum and a service charge of £800 per annum. The vendor has advised that the lease will be extended to 135 years upon completion of the sale, and potential buyers are advised to discuss this with their conveyancer.