Summary - St Stephen's House Prospect Hill, Redditch B97 4DG
1 bed 1 bath Apartment
Modern one-bed apartment in Redditch town centre — strong rental yield and lift access.
Lift access to all floors and open-plan modern kitchen/lounge
Approximately 625 sq ft — larger than many one-beds
Built 2023 with contemporary fixtures and finishes
Tenant in situ — immediate rental income potential
Reported rental yields up to 8.5% (investor appeal)
Leasehold c.125 years; ground rent £149 pa
Electric room heaters — potentially higher running costs
Local area records higher crime levels — consider insurance/tenant mix
This modern one-bedroom apartment at St Stephen's House sits in the heart of Redditch town centre, 200–250 metres from shops, cafés and the train station. Finished in 2023, the flat offers contemporary fixtures, an open-plan kitchen/living space and lift access — a straightforward rental product for commuter tenants.
The property size (approximately 625 sq ft) and a reported rental yield up to 8.5% make this attractive to investors seeking immediate income. A tenant is in situ, so the purchase can provide near-term cashflow; Redditch’s good road and rail links support steady rental demand from professionals.
Important lease and running-cost facts are clear: the flat is leasehold with c.125 years remaining and a modest ground rent of £149. Heating is by electric room heaters, which can be more costly than gas alternatives; broadband speeds are average. The building is modern but the local area records higher crime levels, a factor that may affect tenant profiles and insurance costs.
Prospective buyers should verify all service records and running costs. For an investor seeking a low-management town-centre asset with immediate yield potential, this apartment offers a sensible, centrally located option — provided you account for heating costs, local crime context and standard leasehold fees.
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