Summary - 71 Southgate Way DY1 3HN
2 bed 1 bath Apartment
Top-floor two-bedroom apartment, open-plan lounge/kitchen/diner
Currently let at £700 pcm — immediate rental income
Allocated off-street parking space included
517 sq ft — compact living, not suited for large families
Service charge £1,604.12pa; ground rent £150pa
101 years remaining on lease (leasehold)
Heating via electric storage heaters — higher running costs possible
Wider area: deprived classification and above-average crime
This top-floor two-bedroom apartment in Southgate Way offers a compact, modern living space geared toward investors seeking immediate rental income. Located within walking distance of Dudley town centre, the property includes an open-plan lounge/kitchen/diner, two bedrooms and one bathroom — all presented in neutral, contemporary condition.
The apartment is currently let at £700 pcm, providing instant revenue for a new owner. Practical features include an allocated off-street parking space, double glazing, an EPC C rating and 101 years remaining on the lease. These factors support lettability in the local market.
Prospective buyers should note the financial and maintenance details: a service charge of £1,604.12 per year and ground rent of £150 per year are payable. Heating is by electric storage heaters and the property totals about 517 sq ft, so buyers wanting larger family accommodation should look elsewhere.
Location strengths include proximity to local schools, leisure and public transport. Material cautions: the wider area is classed as deprived with above-average crime levels, and the building relies on electric heating, which may affect running costs and tenant appeal in winter months. This apartment is best suited to investors or first-time buyers prioritising a low-entry purchase with immediate rental income.
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