248 Wellington Road, Bilston, WV14 6RL 5 bed detached house for sale

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248 Wellington Road, Bilston, WV14 6RL 5 bed detached house for sale

248 Wellington Road, Bilston, WV14 6RL
£339,995

Our Summary

  • Exceptional Investment Opportunity – Detached Property with Five Studio Apartments close to the tram with fast access to Birmingham
  • 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 comprising five self-contained studio apartments, all currently let on periodic Assured Shorthold Tenancies (ASTs). The property generates a total gross rental income of £28,519.92 per annum, with each apartment producing an average of £455.33 per month. The property is located close to the tram, providing fast access to Birmingham, and is being sold with the existing tenancies in place. The property is freehold and has all mains services connected, including broadband and mobile coverage. The long-term flood defences website shows a very low risk of flooding. With the potential for extension to the rear (subject to gaining necessary permissions), this property presents an attractive investment opportunity with an established rental income stream.