Summary - FLAT 1, 199 WOLVERHAMPTON STREET, DUDLEY DY1 1DU
7 bed 1 bath Block of Apartments
**Key Features:**
- Freehold block of four self-contained flats: 3 x 2-bed, 1 x 1-bed
- Fully let, generating an impressive £36,420 annual rental income
- Located near the new £261 million Dudley tram station, enhancing transport links
- Includes a sizable car park and a versatile outbuilding with development potential (subject to planning)
- Retains high ceilings and distinctive Victorian architectural features
- Gross yield of 7.5% poses strong investment appeal
This striking Grade II listed Victorian block presents an excellent investment opportunity with a steady rental income and growth potential in a rapidly evolving area. The spacious apartments boast period features, high ceilings, and secure entry systems, catering to both families and professionals. The property's proximity to vibrant amenities and excellent transport links enhances its attractiveness to tenants. While the property benefits from a desirable location and current rental success, potential investors should consider its listed status as it may impose some limitations or challenges should future renovations be desired.
Given the area's potential for capital appreciation and development, this property is not just a safe investment but a chance to be part of Dudley’s urban rejuvenation. Act quickly to seize this unique opportunity to own a piece of architectural charm with lucrative returns!
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