Summary - First Floor Flat, 57 Salop Street DY1 3AY
1 bed 1 bath Plot
Ready-made block for investors seeking rental income in central Dudley.
Freehold large plot with ten new apartments planned
A large freehold plot with planning for ten new apartments offers an investor-ready development in central Dudley. The scheme comprises two blocks (six 1-bed maisonettes and four 2-bed apartments) with private resident parking and modern, detached construction. Estimated rental income (provided) suggests strong gross yield potential based on current market assumptions.
The site is a new-build, unfinished development: brick exterior, contemporary layout, double glazing present (installation date unknown). Main heating is electric room heaters and the building relies on electricity as the primary fuel. Walls are solid brick with assumed no insulation, so additional thermal upgrades may be required to meet future energy standards and tenant expectations.
Location benefits include quick access to Dudley town centre, nearby hospital and bus links, plus excellent mobile signal and fast broadband for tenants. The local area profile points to social-renting young families and terraces/flats; demand from local renters is likely but household incomes and area deprivation levels are lower than average. Crime levels are above average — factor in security measures when budgeting.
This is a clear opportunity for an investor prepared to complete construction, fit-out and energy improvements. Key positives are scale, freehold ownership and parking; important drawbacks are elevated crime, area deprivation, unfinished status and potentially costly insulation/heating upgrades. Suitable purchasers will be those seeking an income-generating project rather than a turnkey residential purchase.
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