Studio for sale

Mill Street, Kidderminster, Worcestershire DY11

Investment property for sale. Freehold. Residential property comprising of two one bedroom flats, sold as an investment with both flats let with sitting tenants. Located close to Kidderminster Town Centre and local amenities. Producing a gross annual rental income £12,600, giving a gross yield of 9% before costs.

Flat 48

Ground floor flat comprising of:
Private entrance door leading to lounge area, inner hall leading to kitchen, double bedroom with en-suite shower room.

Currently let on Assured Periodic Tenancy with a current rental income of £650 per month. Rent includes £100 allocated for gas and electricity.

Approximate net internal area 42 Square Metre / 451.92 Square Feet as per the EPC.

Flat 48A

First floor flat comprising of:
Private entrance door and stairs leading to first floor. Open plan lounge kitchen. Double bedroom and shower room.

Currently let on Assured Periodic Tenancy with a current rental income of £600 per month. Rent includes £100 allocated for gas and electricity.

Approximate net internal area 44 Square Metre / 473.44 Square Feet as per the EPC.

Energy Performance Certificate

EPC rating for 48 Mill Street is C 75
EPC rating for 48a Mill Street is C 71

V.A.T Payable

V.A.T. Will not be charged on the purchase price.

Tenure & Possession

The property is freehold and subject to sitting tenants in the two flats.

Services

Mains water, gas, electricity, and drainage are connected. We have not tested any apparatus, fixtures, fittings or services and we cannot verify that they are in working order, correctly installed or fit for the purpose. Prospective tenants are advised to obtain verification from their solicitor, surveyor or specialist contractor as appropriate. The properties benefit from fibre to the premises broadband connection. In both properties indoor mobile coverage is good with EE, O2 & Vodaphone but variable with Three. Outdoor coverage is good with EE, O2, Three and Vodaphone. (Source: Ofcom)

Council Tax Band

48 Mill Street council tax band is 'A' as at 05.01.2026
48a Mill Street council tax band is 'A' as at 05.01.2026

Anti-Money Laundering Regulations

We are required by law to conduct anti-money laundering, counter-terrorist financing, and counter-proliferation financing checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks are carried out correctly and for ongoing monitoring, the initial checks are carried out on our behalf by Lifetime Legal who will contact you if you have had an offer accepted on a property you wish to buy. The cost of these checks is £96 inc VAT, which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee is paid in advance, directly to Lifetime Legal and is non-refundable.

Valuation Advice For Prospective Purchasers

If you have a property to sell we can provide you with a Free Market Appraisal and marketing advice without any obligation.

Important Notice

We have prepared these property particulars as a general guide to a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) and council tax are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to Doolittle & Dalley.