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1 bedroom flat for sale
Phoenix Rise, Wednesbury, WS10
£57,000
Phoenix Rise, Wednesbury, WS10
£57,000
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 |
Price Change | -5.00% |
Description
This 1-bedroom flat in Wednesbury is an excellent investment opportunity, generating a current annual gross income of £5,400 and offering potential for growth to £7,200 with long-term tenants already in place. The property is well-maintained and features one bedroom, lounge, kitchen, and ensuite. The current tenants, who have been in the property for several years, have a good payment history and intend to remain in the property, providing a stable and predictable income stream for the new owner. With its proximity to amenities and potential for increased rental returns, this property is a worthwhile addition to any investor's portfolio.