2-bedroom flat · WV6 8LQ
For saleListed 68 days
Opportunity summary
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About
A superbly situated ground floor apartment with a private terrace standing within a purpose built retirement development in a sought after area.
Location - 21 Highgrove stands in a lovely position within the development which is situated within close proximity of both Tettenhall Village and Tettenhall Wood.
The development stands in matured grounds and retains the security of being part of a specially designed retirement scheme.
Description - 21 Highgrove is a well-proportioned two bedroom apartment with spacious rooms of much calibre and note standing in a purpose built retirement development which benefits from well maintained, communal grounds and gardens.
The property is well appointed throughout with an excellent kitchen and shower room.
The property benefits from double glazing and gas fired central heating and the management company takes care of all external maintenance including maintenance of the grounds and, in case of emergency, there is a fully maintained telephone alarm system.
As this is a retirement development there is a requirement that the purchaser should be over the age of 55 years.
Accommodation - A front door opens into a large RECEPTION ROOM which has ample space for both lounge and dining areas with a walk in double glazed bay window and further double glazed window, a decorative fireplace with electric fire, wiring for wall lights and ceiling coving.
A glazed door opens into the INNER HALL with a linen cupboard with slatted shelving and radiator.
The KITCHEN has a well-appointed range of white, gloss fronted units with a range of Siemens appliances including an induction hob, electric oven and built in fridge and freezer, a single shelf dishwasher, plumbing for a washing machine, a concealed wall mounted Worcester Bosch gas fired central heating boiler, a walk in double glazed bay window with an open aspect over the grounds and laminated flooring.
BEDROOM ONE is a good double room in size with a built in wardrobe with mirrored, sliding doors and a double glazed window overlooking the grounds and BEDROOM TWO is also a good double room in size with ceiling coving, a built in storage cupboard and a double glazed window and patio door to the rear courtyard.
The SHOWER ROOM has a well appointed contemporary suite with a fully tiled double shower cubicle, a vanity unit with inset wash basin with cupboards beneath and a WC with concealed flush, tiled walls and floor and a mirror fronted shelved storage cupboard above the basin.
Outside - Highgrove stands within well maintained communal grounds and gardens with this apartment benefiting from a rear terrace which is Astroturfed with wood panelled fencing, gated side access, a timber garden shed and a delightful, woodland aspect.
The apartment benefits from an allocated parking space.
Lease Details - The property is leasehold and is held on a lease for a term of 150 years from 19th December 2022, which will renew with the new ownership.
There is a peppercorn ground rent and currently a service charge payable of £1,132.68 per quarter which includes the cost of external maintenance, maintenance of the communal grounds, buildings insurance, window cleaning and the provision of a site manager.
We are informed by the Vendors that all mains services are connected COUNCIL TAX BAND C – Wolverhampton POSSESSION Vacant possession will be given on completion.
VIEWING - Please contact the Tettenhall Office. The property is LEASEHOLD.
Broadband – Ofcom checker shows Standard, Superfast and Ultrafast are available Mobile data coverage is constantly changing, please use the property postcode and this link for the most up to date information from Ofcom: Ofcom provides an overview of what is available, potential purchasers should contact their preferred supplier to check availability and speeds.
The long term flood defences website shows very low risk.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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About 21 Highgrove, Tettenhall, Wolverhampton, WV6 8LQ
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