>
Studio flat for sale
Castle Street, Dudley
£650,000
Castle Street, Dudley
£650,000
Price History
Initial price | £670,000 |
15/10/24 | £650,000 |
Price Change | -2.99% |
Description
This attractive corner building in Dudley town centre offers a lucrative investment opportunity, generating a gross income of £70,680 per annum. The property comprises seven en-suite HMO rooms on Assured Shorthold Tenancies and five self-contained studio apartments on the second floor. The HMO rooms are situated on the first floor, each with its own bathroom, while the studio apartments offer modern living spaces with a laundry room and small social area. The property benefits from a convenient location opposite Dudley bus station, with all essential amenities nearby. The ground rent is a peppercorn, and the studios and HMO rooms are fully compliant with HMO regulations. The rental income breakdown is as follows: studio apartments £2,475 per month, and HMO rooms £3,415 per month, totaling £70,680 per annum. A 2% plus VAT buyer's fee applies, with a minimum fee of £2,500 plus VAT.