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Herbert Street, Redditch, B98 1 bed flat for sale
Herbert Street, Redditch, B98
£60,000
Herbert Street, Redditch, B98
£60,000
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 features 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 with a leasehold tenure, with approximately 116 years remaining on the lease, and an annual service charge of £1825.67. Due to its limited square footage, the property is only suitable for cash buyers, and is being sold by the Modern Method of Auction.