1-bedroom flat · DY5 1LZ
Sold STCListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the second floor of a modern and stylish canal-side development completed in 2016, this well presented one bedroom apartment is offered for sale by way of The Modern Method of Auction with no upward chain, making it an excellent opportunity for first time buyers or investors alike.
Ideally located within walking distance to the Merry Hill Shopping Centre, the property enjoys easy access to a wide range of shops, bars, restaurants and other facilities, while also benefitting from attractive water views over the historic canal basin.
The development is accessed via a secure communal entrance with telephone intercom system and offers both lift and stair access to the upper floors.
Internally, the apartment briefly comprises a welcoming reception hall with useful storage cupboard and laminate flooring, leading into a spacious open plan style lounge and kitchen area designed for modern living.
The kitchen area is fitted with an inset stainless steel sink unit, decorative laminate work surfaces, a range of base and wall mounted units, built-in oven with four ring gas hob and cooker hood, together with integrated refrigerator, freezer and washing machine.
The lounge area benefits from laminate flooring, two electric wall heaters and a double glazed window enjoying far reaching views, creating an ideal space for relaxing, entertaining and dining.
The generously proportioned bedroom features an electric wall heater and double glazed window, while the stylish bathroom is fitted with a panelled bath with shower attachment, wash hand basin, low flush WC, ceramic wall tiling, extractor fan and chrome heated towel rail.
Externally, the property further benefits from allocated parking for one vehicle.
Combining modern accommodation with a highly convenient location and attractive canal-side surroundings, this delightful apartment is considered an ideal first purchase and early internal viewing is highly recommended.
Council Tax Band B. Energy Rating TBC. Tenure LEASEHOLD.
We have been informed by the current vendor that approximately 110 years remain on the lease, the service charge is £1300.00 per 6 months and ground rent is £189.00 per 6 months.
All lease information should be confirmed by your Legal Representative.
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties' personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional. Approach By way of secure telephone intercom system to communal entrance area with lift and stairs providing access to the second floor.
Reception Hall Open plan Lounge/Kitchen Area 7.4676m x 2.8956m - 24'6" x 9'6" Bedroom 5.3086m x 2.8956m - 17'5" x 9'6" Bathroom 2.2352m x 1.7526m - 7'4" x 5'9" Buyers Information In line with UK anti-money laundering regulations, successful purchasers must complete an Anti-Money Laundering (AML) check.
We use a specialist third-party service to verify your identity. The cost of these checks is £30 (including VAT) for each purchaser and any giftors contributing funds.
This fee is paid in advance when an offer is agreed, and prior to the issuance of a sales memorandum. Please note that this charge is non-refundable.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 advisors 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 The Landmark, Waterfront West, Brierley Hill, DY5 1 LZ
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