Summary - Apartment 51 Larch House, 241, High Street DY6 8BF
2 bed 1 bath Flat
Secure, income-producing flat with parking near village amenities.
Two-bedroom third-floor apartment with lift access
A third-floor, two-bedroom apartment with an open-plan living area and built-in kitchen appliances, situated within walking distance of Kingswinford village shops, park and local amenities. The block offers secure entry, lifts and an allocated resident parking space plus shared visitor bays.
The property is sold with a sitting tenant paying £825pcm on a non-qualifying leaseholder basis — investment interest only and cash buyers only. Leasehold details: approximately 116 years remaining, ground rent £350 pa (reviews every five years) and service charge £1,978.13 pa (reviewed yearly). Heating is electric storage heaters and the EPC is rated C.
Practical positives include allocated off-street parking, lift access to the third-floor apartment and proximity to several 'Good' rated primary and secondary schools. Notable drawbacks: the sale is for cash buyers only, a tenant is in situ, annual service charge and ground rent apply, and main heating is electric storage heaters which can increase running costs. The wider area is classified as deprived with average local crime levels; consider this when assessing rental demand or resale prospects.
This apartment will suit an investor seeking an immediate rental income and a manageable investment with long lease length. Buyers wanting to occupy will need to wait until the tenancy ends and note the leasehold costs and electric heating when budgeting ongoing expenses.
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