1 bedroom flat for sale

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1 bedroom flat for sale

Phoenix Rise, Wednesbury, WS10
£55,000

Price History

Initial price £60,000
16/04/24 £65,000
25/04/24 £63,000
01/05/24 £61,000
08/05/24 £59,000
15/05/24 £65,000
23/05/24 £63,000
30/05/24 £61,000
06/06/24 £59,000
13/06/24 £57,000
21/06/24 £55,000
27/06/24 £59,000
22/07/24 £57,000
02/08/24 £59,000
09/08/24 £57,000
16/08/24 £55,000
24/08/24 £59,000
12/09/24 £57,000
25/09/24 £59,000
02/10/24 £57,000
08/10/24 £55,000
15/10/24 £59,000
23/10/24 £57,000
29/10/24 £55,000
05/11/24 £59,000
12/11/24 £57,000
18/11/24 £55,000
Price Change -8.33%

Description

This 1-bedroom flat in Wednesbury offers a fantastic investment opportunity for those looking to expand their portfolio. The property is currently producing an annual gross income of £5,400, which has the potential to increase to £7,200 with a new owner. The current tenants, who have been in residence for several years, have a good payment history and intend to stay in the property. With its well-kept condition and proximity to amenities, this flat is a worthwhile addition to any investor's portfolio. The property's investment potential is further highlighted by the fact that it is already generating a decent income, making it an attractive option for those looking to diversify their investments.