Summary - 6, Alice Street, BILSTON WV14 0BY
2 bed 1 bath Apartment
Hands-off two-bed ground-floor investment with sitting tenant and gated parking.
Sitting tenant in place — current rent £575 pcm
Leasehold with c.109 years remaining from 2007
Compact 2-bed ground-floor apartment, approx. 465 sq ft
Electric room heaters; no gas central heating (higher running costs)
Double glazing; EPC rating C71
Secure gated off-road parking and communal lawns
Located in a very deprived area with very high crime levels
Suited to investors; size and location limit family appeal
This ground-floor two-bedroom apartment is offered as a hands-off buy-to-let with a sitting tenant in place, currently achieving £575 pcm. The property forms part of a modern development (built post-2007) and benefits from a long lease (109 years remaining), double glazing and electric heating — straightforward assets for a rental portfolio.
Accommodation is compact but practical: entrance hall, open-plan living room with kitchen area, two good-sized bedrooms and a bathroom with shower. Secure gated off-road parking and communal lawns add curb appeal for tenants. An EPC rating of C71 supports energy-efficiency marketing to prospective renters.
Investors should note the property is in a very deprived area with very high recorded crime — factors that will influence tenant demand, void risk and insurance costs. Heating is individual electric room heaters rather than gas central heating, which can affect running costs and tenant preferences. The apartment’s small overall size (approx. 465 sq ft) suits single occupants or sharers rather than families.
Priced at £115,000 with a current rent roll of £575 pcm, this is a yield-focused purchase for investors comfortable managing an occupied unit in a higher-risk neighbourhood. The long lease and low council tax are positives; consider budgeting for tenant turnover, potential refurbishment and the impact of local market conditions on achievable rents.
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