Oak House, Herbert Street, Redditch, B98

1 bedroom Flat in Redditch

For Sale
Offers Over £70,000
Current Yield 8.3 %
Potential Yield 8.6 %
Property Reference: 215491895
  • Flat
  • 1 Bedrooms
  • 1 Bathrooms
  • 1 Receptions

Property Features

Property Features

  • Buy-to-Let Opportunity
  • Long Term Tenants Currently Situated
  • Likely to attract enquiries from Serious Investors & Developers
  • Good Condition
  • Shared Parking
  • Private Balcony
  • Three Piece Bathroom
  • Easy Access to Local Amenities
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Property Information

Full Details

A 1-bedroom Flat located in Redditch. There are various valuable amenities within walking distance of the property, and it can generate rewarding rental returns.

This is a brilliant opportunity for investors looking for a reliable, long-term investment!

The home is in excellent condition, featuring 1 bedroom, a three-piece bathroom, a lounge, a kitchen, a private balcony, and shared parking.

Investment details

It currently produces an annual gross income of £8,100 which the new owner could increase to a market rate of £8,400 with long-term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.

Please see the Let Property Pack linked below for greater details on this property's investment potential.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for their stay. They do not intend to move out, so they hope to remain in the property.

Let Property Sales is committed to facilitating a smooth transaction process and allowing maximum commitment to the sale from both parties; a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Helpful Information

Council Tax Band: A
Property Reference: 215491895

Investment Checklist

  • Tenancy Status: Tenanted
  • Current Rent pcm: £675
  • Potential Rent pcm: £700
  • Tenancy Agreement in place: Yes
  • Tenancy Compliance in place: Yes
  • Current Term of Tenancy: 2 years
  • Tenants means of funding: Employment
Property Reference: 215491895
Property Reference: 215491895

Property Location

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Request DetailsOak House, Herbert Street, Redditch, B98

Offers Over £70,000

Make an offer
Oak House, Herbert Street, Redditch, B98

Listing Price

Offers Over £70,000

Disclaimer
All offers are submitted to the seller for approval. On acceptance of your offer you will be required to instruct a solicitor for Legal Acceptance of your offer. A fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion. Terms and payment details will be provided upon verbal acceptance of your offer.