2-bedroom flat · DY2 8RL
For saleReduced £5k (−3.8%) on 5 SepListed 88 days
Opportunity summary
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About
Summary **A well maintained apartment set on A popular modern development in dudley** Briefly comprising open plan lounge / kitchen area, two bedrooms, bathroom and allocated parking space.
Description This two-bedroom flat in Dudley is ideally located near the town center and the newly introduced tram line.
It features allocated parking and is currently occupied by tenants, making it an appealing choice for investors seeking a property that offers immediate rental income.
The apartment provides easy access to a variety of amenities, including shops, supermarkets, and a leisure center, all within walking distance to Dudley town centre.
Additionally, attractions such as Dudley Zoo, Castle, and the Black Country Living Museum are just a short drive away.
The new tram line is expected to enhance public transport options, while local bus services connect to Birmingham, Wolverhampton, and surrounding areas.
Furthermore, the nearest mainline railway stations, Dudley Port and Tipton, can be reached with a quick drive or bus ride, offering services to Birmingham.
Please note that an aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identify and anti-money laundering checks.
Communal Entrance Door to front, intercom system, post boxes. Entrance Hall Door to the side, intercom system, storage cupboard, central heating radiator.
Lounge / Kitchen 19' 4" x 15' 9" ( 5.89m x 4.80m ) Double glazed windows to the side elevation, french doors to the front leading to Juliet balcony, two central heating radiators.
Kitchen area to include a fitted kitchen to comprise a range of wall and base units with work surfaces over, stainless steel sink & drainer unit with mixer tap over, electric oven & gas hob, washing machine, integrated fridge freezer, central heating boiler.
Bedroom One 10' 6" x 8' 2" ( 3.20m x 2.49m ) Double glazed window to the front, central heating radiator.
Bedroom Two 8' 6" x 8' 6" ( 2.59m x 2.59m ) Double glazed window to the front, central heating radiator. Bathroom Comprising bath, wash hand basin, low level w.c., heated towel rail, extractor fan.
Outside One allocated parking space.
Lease Information We have been advised the following Leasehold Tenure Information & Costs : - 125 Years from 1st January 2013, which means there are currently 113 years remaining.
Current Ground Rent Approximately £250.00 per annum Current Annual Service Charge of £1611.24 per annum Building Insurance Included Prospective Purchasers please note we have not had any of the Information or Charges verified by a Conveyancer / Solicitor and would advise all Prospective Purchasers to check and verify details and costs with their Conveyancer / Solicitor We currently hold lease details as displayed above, should you require further information please contact the branch.
Please note additional fees could be incurred for items such as leasehold packs. 1.
Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: Connells has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: Connells has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
FAQ
About 46, Wellspring Gardens, Dudley
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