248 Wellington Road, Bilston, B14 6RL 5 bed detached house for sale

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248 Wellington Road, Bilston, B14 6RL 5 bed detached house for sale

248 Wellington Road, Bilston, B14 6RL
£339,995

Our Summary

  • Exceptional Investment Opportunity – Detached Property with Five Studio ApartmentsAn excellent opportunity to acquire a detached property comprising five self-contained studio apartments, all currently let on periodic Assured Shorthold Tenancies (ASTs)
  • There is the potential for extension to the rear (subject to gaining all of the usual and necessary permissions and consents)

Description

This exceptional investment opportunity presents a detached property consisting of five self-contained studio apartments, all currently rented out on periodic Assured Shorthold Tenancies (ASTs). The property generates a total gross rental income of £2,376.66 per month, or £28,519.92 per annum, with a potential for extension to the rear subject to gaining necessary permissions and consents. The property is freehold and comes with all mains services connected, with each apartment having a council tax band A. The existing tenancies are being sold with the property, and the vendor is informed that all services are connected, including broadband and mobile coverage. The long-term flood defences website shows a very low risk. With a stable rental income stream and potential for growth, this property presents an attractive investment opportunity for those looking to diversify their portfolio.
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