Summary - Flat 21 The Old Library, Hagley Road DY8 1QH
2 bed 2 bath Apartment
Centrally located two-bedroom let ideal for a hands-off investor.
- Tenant in place — investors only (landlord sales restriction)
- Current rent £815 pcm providing immediate income
- Long lease: 994 years remaining
- Grade II listed — restrictions on alterations and repairs
- Service charge £3,336.46pa; ground rent £200pa
- Electric room heaters; potentially higher running costs
- Private gated entrance and original sash windows
- Compact 549 sq ft two-bedroom apartment
A ready-made investment opportunity in the Grade II listed Old Library, centrally located in Stourbridge. The apartment is currently let (landlords only) providing immediate rental income while retaining long-term security through a 994-year lease.
The layout includes a spacious living room with original sash windows, two large double bedrooms, luxury bathroom and ensuite, plus a contemporary fitted kitchen with integrated appliances. The property benefits from a private gated entrance and secure communal facilities including cycle store and mailboxes.
Buyers should be aware of a relatively high annual service charge (£3,336.46) and a small ground rent (£200). The building’s listed status may restrict alterations and could complicate some maintenance or refurbishment. Heating is by electric room heaters (no communal gas), which may affect running costs compared with gas-heated homes.
This apartment suits investors seeking a low-management, centrally positioned let in an affluent area. The existing tenancy provides immediate income; purchasers should review tenancy terms, service charge details and listed-building responsibilities before committing.
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