The Minories, Dudley, West Midlands, DY2 2 bed flat for sale

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The Minories, Dudley, West Midlands, DY2 2 bed flat for sale

The Minories, Dudley, West Midlands, DY2
£87,500

Price History

Initial price £90,000
28/06/24 £87,500
Price Change -2.78%

Description

This is a fantastic investment opportunity on the edge of Dudley town centre, offering a ground-floor two-bedroom, one-bathroom apartment with a current rental income of £675 per month. The property boasts carpeted bedrooms with double-glazed windows, a spacious living room diner, and a good-sized bathroom with a shower. With 245 years remaining on the lease and a ground rent of £250 per year, this property offers a gross rental yield of 9%. The development is undergoing a major redevelopment, with a new tram system and stop planned for the area, providing easy access to Birmingham City Centre. The property also comes with parking and electric hot water and heating. This is a cash-only investment opportunity, making it an attractive option for those looking to generate a strong rental income.