4 bed block of flats for sale

Short Street, Stourbridge DY8

Offered for sale via the Modern Method of Auction. An exceptional freehold investment opportunity has arisen in a prime central Stourbridge location, offering a block of four self-contained one-bedroom flats. This highly desirable addition to your portfolio is being offered as a retirement sale and boasts a long, proven history of successful letting.

Each individual flat is fully let to established long-term tenants and benefits from its own private entrance, hallways, integrated storage, spacious lounges, fitted kitchens and bathrooms/shower rooms, and a double bedroom. Externally, the development features well-kept patio gardens and dedicated residents' parking.

With the exception of Flat 3, all of the apartments have been modernised in recent times, benefiting from contemporary kitchens and bathrooms, fresh neutral decoration, and updated flooring throughout. Flat 3 currently requires some improvement, presenting an excellent opportunity for the new owner to update and immediately add further capital and rental value.

Currently generating an income of £26,160 per annum with a clear potential to optimise to £33,600 per annum, this property represents a fantastic acquisition ready for a new landlord to take forward.

Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).

A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.

The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.

Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.

Accommodation Configuration

Ground Floor - Flat 1

Lounge - 4.77m x 3.33m

Kitchen - 3.36m x 2.44m

Bedroom - 3.52m x 3.34m

Bathroom - 3.52m x 3.34m

Rent £580.00 pcm

EPC - Current D66 Potential C67

Ground Floor - Flat 2

Lounge - 4.93m x 3.94m

Kitchen - 3.75m x 2.42m

Bedroom - 3.65m x 3.07m

Bathroom - 3.52m x 3.34m

Rent £550.00 pcm

EPC - Current C71 Potential C75

First Floor - Flat 3 - Split Level

Lounge - 4.11m x 3.78m

Kitchen - 4.12m x 2.38m

Bedroom - 4.38m x 2.76m

Bathroom - 2.66m x 2.65m

Rent £500.00 pcm

EPC - Current E45 Potential C71

First Floor - Flat 4

Lounge - 4.51m x 3.81m

Kitchen - 2.59m x 3.81m

Bedroom - 3.40m x 3.16m

Bathroom - 2.28m x 1.71m

Rent £550.00 pcm

EPC - Current C71 Potential C79.

Out of respect for the long-term tenants, a selection of internal photographs is available to serious applicants upon request.