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Herbert Street, Redditch, B98 1 bed flat for sale
Herbert Street, Redditch, B98
£50,000
Herbert Street, Redditch, B98
£50,000
Our Summary
- This property is for sale by Modern Method of Auction powered by IAMSOLD LTD - Starting Bid £60,000 + Reservation Fee
- Available to cash buyers only
- Agent’s Note: Please be advised that this property is suitable for cash buyers only due to its limited square footage, which may not meet standard mortgage lending criteria
- This property is for sale by the Modern Method of Auction
- Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, iamsold Limited This method of auction requires both
- Cash Buyers Only
- Rental Investment Opportunity
Description
This modern one-bedroom studio flat is located in Redditch town centre, within close proximity to local amenities. The property is presented in excellent condition and offers an open-plan living space with a fitted kitchen, double bedroom, and separate shower room. A tenant is currently in situ, paying £550 per month, generating a potential yield of approximately 9.4%. The property is being sold as a leasehold with approximately 116 years remaining on the lease, and the annual service charge is £1825.67. Due to its limited square footage, the property is only suitable for cash buyers. The Modern Method of Auction is being used to sell the property, and interested parties must be prepared to make an offer or bid with a cash deposit.