Summary - 21 CLAREMONT MEWS WOLVERHAMPTON WV3 0EB
2 bed 1 bath Flat
Low-price, cash-only opportunity near local amenities and transport links.
Top-floor two-bedroom flat, approx. 496 sq ft
Sold via Modern Method of Auction — buyer fees and reservation apply
Lease approx. 66 years — most lenders likely to refuse mortgages
Cash offers only advised due to short lease
Service charge £1,542.72pa; ground rent £50pa
Allocated off-street parking space included
Electric room heaters — may need heating upgrade
Area has high crime and very high deprivation — consider location risks
This top-floor two-bedroom flat in Claremont Mews offers a compact 496 sq ft layout with a lounge, fitted kitchen and bathroom — a practical buy for a cash purchaser or investor. The home includes one allocated off-street parking space and benefits from double glazing and fast broadband in a built-for-1990s development. Council tax is low, and the property is sold chain-free via the Modern Method of Auction.
Important practical points are clear: the lease has approximately 66 years remaining, so most mortgage lenders will refuse finance and sale is recommended to cash buyers only. The annual service charge is £1,542.72 and ground rent £50; prospective buyers should check the full lease and service records before bidding. The property is electrically heated with room heaters and may need heating upgrades for long-term comfort or rental appeal.
The flat is offered with vacant possession and no upward chain, making it straightforward to complete within the auction reservation period if you can meet the buyer fees and reservation deposit. The area is described as an urban cultural mix with very high deprivation and a higher local crime level; buyers should consider neighbourhood suitability for renters or owner-occupation.
For an investor this is a low-entry-price opportunity to refurbish and re-let or hold for capital improvement once lease extension is explored. For an owner-occupier, the cash-only requirement and lease length are material constraints — speak to a solicitor about lease-extension costs and feasibility before bidding.
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