1-bedroom flat · DY4 0AY
Sold STCListed 164 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
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** CASH ONLY DUE TO LOW LEASE ** Situated on the ground floor in the popular residential area of Oak Close, Tipton, this spacious one-bedroom flat presents an excellent opportunity for first-time buyers and investors alike.
Offered with no upward chain, the property benefits from generous room sizes throughout and provides comfortable living accommodation ready to move straight into or personalise to suit individual tastes.
Internally, the property briefly comprises an entrance hallway leading into a bright and spacious living room, a fitted kitchen, bathroom, separate WC and a generously sized bedroom offering ample space for furnishings and storage.
The well-proportioned layout creates a practical and welcoming home ideal for modern day living.
Externally, the property benefits from a shared driveway with the surrounding block along with access to a communal garden space, providing outdoor areas to enjoy and convenient parking facilities.
Oak Close is ideally located within close proximity to a range of local amenities including shops, supermarkets, schools and leisure facilities.
The property also benefits from excellent transport links with easy access to Tipton Train Station, major bus routes and nearby motorway networks including the M5, making commuting to Birmingham, Wolverhampton and the surrounding areas straightforward and convenient.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Lease Years Remaining - 46 Ground Rent - £40 Service Charge - £800 EPC rating: D.
Tenure: Leasehold, Length of lease (remaining): 0 years 3 months, Entrance Hallway Living Room 3.24m x 4.42m (10'8" x 14'6") Living room with a double glazed window to the front of the property, Kitchen 2.44m x 2.96m (8'0" x 9'9") Kitchen with wall and base units, work surface, sink and drainer, space for washing machine, space for fridge/freezer, space for oven/grill, tiled flooring.
Bathroom 2.25m x 1.89m (7'5" x 6'2") Bathroom with a double glazed window to the rear of the property, hand sink basin and panelled bath. WC WC with low level flush toilet.
Bedroom 3.32m x 3.12m (10'11" x 10'3") Bedroom with a double glazed window to the rear of the property and carpet flooring.
Externally Externally, the property benefits from a shared driveway with the surrounding block along with access to a communal garden space, providing outdoor areas to enjoy and convenient parking facilities.
Belvoir This property is marketed by Belvoir Estate Agents in Wednesbury. Belvoir are a trusted, family-owned and operated Estate & Letting Agent based in Wednesbury Town Centre.
Belvoir also have other nearby local offices located in Wednesfield in Wolverhampton, Cannock, Telford, Stafford, and on Bloxwich High Street in Walsall.
Belvoir are part of a larger franchised network, with over 150 Belvoir offices across the UK.
Belvoir Wednesbury can provide you with a free market appraisal and guide you through what to expect on your journey of selling your property.
With the aim of being and staying the best Estate Agent in Wednesbury, we offer a different approach — including our Zero Day Contract tie-in, the ability to call us from 9AM to 9PM, 7 days a week, 365 days a year, and the reassurance of a traditional high street agent that embraces modern technology.
Value & comps
No previous sales on record.
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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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About Oak Close, Tipton, DY4
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