Summary - The Minories, Dudley DY2 8PG
2 bed 1 bath Apartment
Compact, income-producing flat close to Dudley town centre and transport links.
Tenant in situ achieving £650 pcm (immediate rental income)
Long lease — approximately 244 years remaining
Approx 563 sq ft; small, upper-floor apartment
Secure intercom and lifts; allocated off-street parking
Annual service charge circa £1,719; building insurance included
Ground rent approximately £250 per annum
Electric room heaters (no gas central heating) — higher running costs possible
Located in very deprived area with very high local crime rates
A well-presented two-bedroom upper-floor apartment offered specifically to investors, currently let at £650pcm. The flat is compact (approximately 563 sq ft), benefits from a long lease (around 244 years remaining), and sits in a large modern residential block with secure intercom, lifts and allocated off-street parking. The current rental income produces an attractive gross yield of roughly 8% at the asking price.
Internally the accommodation is open-plan with a fitted kitchen, two double bedrooms and a bathroom. The property has been maintained and is tenant-occupied, so immediate income is available; any purchaser should expect viewing and possession to follow the tenancy terms. Heating is electric (wall heaters/room heaters) rather than gas, which may affect running costs for future occupants.
Costs and local factors to note: the annual service charge is approximately £1,719 and ground rent about £250 per year. The building is in a very deprived area with a very high local crime level — relevant for tenant demand and insurance. Broadband and mobile signal are good and the flat is within walking distance of Dudley town centre and public transport links, supporting rental appeal.
This is a straightforward buy-to-let: stable income now, long leasehold security, and low council tax, balanced against electric heating, noticeable service charges and local area challenges. Investors should verify tenancy details, charges and all lease information with their conveyancer before purchase.
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