2-bedroom flat · DY8 1QH
For saleListed 227 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Landlords only as tenant in place *** We are very pleased to offer this contemporary apartment in the iconic Historical Grade 2 Listed Old Library buildings in the centre of Stourbridge.
This particular apartment is unique in that it offers gated access and its own individual private entrance.
Luxury accommodation comprises; spacious living area with Karndean flooring, the large original 1905 Sash windows, that have been secondary double glazed, provide a beautiful focal point and allow excellent natural light and an airy feel.
The contemporary modern well appointed kitchen, has a range of satin fronted base and wall cupboards, and integrated appliances including electric hob, extractor hood, integrated fridge freezer, dishwasher and washer dryer.
The large principal bedroom has luxury ensuite shower room and leading off the inner hallway is an equally spacious second double bedroom.
Also, off the inner hallway, is a fully tiled bathroom that has a full suite as well as a separate shower cubicle with double headed shower.
Access to the Old Library communal hall way can be gained though a security door, where the cycle store and individual secure mail boxes can be found.
Lease : 999 years from 10/07/2019 Service Charge : £3336.46 per annum Contact agent for more information Current Ground Rent : £200 per annum Insurance : £706.11 per annum 29/03/24 - 28/03/25 Tenant currently paying £815 pcm Council tax band is B (Dudley), EPC grade is E, tenure is leasehold.
________________________________ Compliance Regulations - By law, we are required to conduct anti-money laundering checks on all potential buyers and sellers, and we take this responsibility very seriously.
In line with HMRC guidelines, our trusted partner, Coadjute, will securely manage these checks on our behalf.
Once an offer is accepted (subject to contract), Coadjute will send a secure link for you to complete the biometric checks electronically.
A non-refundable fee will be charged for each individual AML check conducted, and Coadjute will handle the payment for this service.
These anti-money laundering checks must be completed before we can send the memorandum of sale to the solicitors to confirm the sale.
Please contact the office if you have any questions in relation to this.
Referral Fees - We can confirm that, if we are sourcing quotations on your behalf relevant to the costs that you are likely to incur for the professional handling of the conveyancing process, you should be aware that we could receive a maximum referral fee of approximately £180 inc VAT should you decide to proceed with the engagement of the solicitor in question.
We are informed that solicitors are happy to pay this referral fee to ourselves as your agent as it significantly reduces the marketing costs that they have to allocate to sourcing new business.
The referral fee is NOT added to the conveyancing charges that would ordinarily be quoted.
We can also confirm that, if we have provided your details to Infinity Financial Advice who we are confident are well placed to provide you with the very best possible advice relevant to your borrowing requirements, you should be aware that we receive a referral fee from Infinity for recommending their services.
The charges that you will incur with them and all the products that they introduce to you will in no way be affected by this referral fee.
On average the referral fees that we have received recently are £222 per case.
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.
Area
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FAQ
About STOURBRIDGE - The Old Library
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