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1 bedroom 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, with a tenant currently in situ paying £550 per month, generating a potential yield of approximately 9.4%. The property features an open-plan living space with a fitted kitchen, double bedroom, and separate shower room. The flat is accessed via a secure intercom entry system and is available to cash buyers only due to its limited square footage, which may not meet standard mortgage lending criteria. The property is being sold on a leasehold basis with approximately 116 years remaining on the lease and an annual service charge of £1825.67. This is an excellent opportunity for landlord investors looking for a rental property with a strong potential return.