Summary - St Stephens House Prospect Hill, Redditch B97 4DG
1 bed 1 bath Apartment
Ready-made central investment with strong commuter links and immediate rental income.
- Tenants in situ with advertised yields up to 8.5%
- Large one-bedroom layout, approx. 638 sq ft
- Built 2023; contemporary kitchen and bathroom fittings
- Lift access to all floors; town-centre location
- Leasehold tenure; ground rent £125 pa
- Electric room heating only; potential higher running costs
- Local crime level reported as high
- Council tax described as very cheap
A well-sized one-bedroom apartment in the heart of Redditch town centre, offered with tenants in situ and advertised rental yields up to 8.5%. The unit sits in a modern (2023) red-brick development with lift access, contemporary open-plan living and integrated kitchen appliances — ready for hands-off investment or a city-centre home. At around 638 sq ft, the layout feels unusually large for a one-bed, giving flexibility for storage or a home office zone.
This is a leasehold flat with a modest ground rent of £125 and electric room heating throughout. The property benefits from excellent connectivity — Redditch station, shopping and local amenities are all within a short walk — supporting strong letting demand and commuter appeal. Broadband and mobile signal are both good, and there is no recorded flood risk.
Buyers should note material factors affecting running costs and appeal: heating is by electric room heaters rather than gas central heating, which can be more expensive for tenants; crime levels in the area are reported as high; and additional leasehold fees or pack costs may apply. The apartment is sold with occupants in place, so occupation or viewings may be restricted until tenancy arrangements are clarified.
Overall, this flat suits investors seeking immediate rental income and a central-location asset, or buyers prepared to manage electric heating costs and the leasehold regime. A pre-purchase inspection and review of the lease, service charges and tenancy details are recommended to confirm long-term returns.
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