Summary - Prospect Hill, Redditch B97 4DG
1 bed 1 bath Apartment
One-bedroom town-centre apartment with strong yields and tenants in situ.
Tenants in situ — immediate rental income potential
Advertised rental yields up to 8.5% (investment opportunity)
Central Redditch location — 250m to Kingfisher Shopping Centre
Built 2023; modern fixtures and low-maintenance finish
Lift access to all floors; 605 sq ft overall size
Leasehold tenure; lease details currently being compiled
Electric room heaters — potentially higher running costs
Local crime levels higher than average — consider security implications
A modern one-bedroom apartment in St Stephens House, positioned in the heart of Redditch town centre and built in 2023. With a 605 sq ft layout, lift access and contemporary kitchen and bathroom fittings, the flat offers low-maintenance city living a short walk from shops, restaurants and Redditch station (circa 0.25 miles).
This home is presently let and advertised rental yields up to 8.5%, presenting immediate income for investors. Broadband and mobile signal are strong, and local green spaces and commuter links to Birmingham and nearby towns add to long-term appeal.
Buyers should note material facts plainly: the property is leasehold (lease documents are being compiled) and tenants are in situ. Heating is by electric room heaters which can be more expensive than gas alternatives. The area records higher crime levels than average — an important consideration for both owner-occupiers and investors. Prospective purchasers are advised to verify lease terms, service charges and running costs before committing.
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