Summary -
Flat 16,The Gallery,282 Penn Road,WOLVERHAMPTON,WV4 4AD
WV4 4AD
2 bed 2 bath Flat
Immediately let two-bedroom apartment with off-street parking and steady income.
Current gross income £11,700 pa, tenant in situ
A straightforward buy-to-let in a modern low-rise block on Penn Road, offered with a long-term tenant in situ. The flat produces a current gross income of £11,700 per year, making it immediately income-producing for investors seeking yield without void time.
The apartment has two bedrooms, an ensuite plus a bathroom, a lounge and kitchen within an average-sized 764 sq ft footprint. Practical features include shared private off-street parking, a small communal front garden and consistently good broadband and mobile signal in the area.
Important considerations: the property is leasehold and sold with tenants who have indicated they wish to remain, so the purchase will transfer an existing tenancy. Communal external space is limited to the front only and the property's road-facing aspect may bring traffic noise; a buyers premium will apply on sale. An on-site inspection is recommended to confirm condition and room sizes before exchange.
Overall, this is a pragmatic opportunity for investors wanting an immediately let asset in an inner-city Wolverhampton location with established rental income and straightforward management requirements.
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