Summary -
11 Bean Drive,TIPTON,DY4 9SU
DY4 9SU
2 bed 1 bath Flat
Income-producing flat with long lease and off-street parking, suited to buy-to-let portfolios.
Long-term tenant in situ producing £9,600 gross annual income
A practical two-bedroom leasehold flat in a modern red-brick block on Bean Drive, presented primarily as a buy-to-let opportunity. The property currently benefits from a long-term tenant producing a gross annual income of £9,600, making it immediately income-producing for an investor. The 140 years remaining on the lease is a meaningful positive for long-term ownership.
The flat sits in a quiet residential setting with shared private parking and a communal rear garden, reducing maintenance demands. The block and external areas appear well kept; interiors show dated decor and would benefit from light refreshing to maximise future rental or resale value. Broadband speeds in the area are slow, which could affect some tenants’ needs.
Location factors support rental demand — good local schools nearby, regular bus links and basic amenities within walking distance — but the wider area records high deprivation levels and average crime statistics, which investors should weigh when assessing rental strategy and yields. A Buyers Premium applies to secure the purchase; confirm full tenancy, EPC, service charges and full Let Property Pack before proceeding.
Overall, this flat is aimed at investors seeking immediate rental income with modest hands-on requirements. There is scope to increase appeal (and potentially rent) through cosmetic improvement, but be prepared for limited broadband connectivity and neighbourhood socio-economic challenges that can influence tenant profiles and long-term capital growth.
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