Summary - KINGFISHER CENTRE TAXI RANK, ALCESTER STREET B97 4AW
1 bed 1 bath Apartment
Compact open-plan apartment with tenant-in-place potential for investors.
Entry-price one-bedroom flat, £75,000
A compact one-bedroom second-floor flat in the heart of Redditch town centre, offered at an entry-level price of £75,000. The property features a large open-plan living room/kitchen, a generous double bedroom and a modern shower room — a straightforward layout that suits single occupants, couples or buy-to-let use. It can be sold with tenants in situ, which may suit investors seeking immediate rental income.
Practical aspects: total floor area is approximately 393 sq ft, the heating is electric room heaters and the main fuel is electricity, so running costs should be considered. Broadband speeds are very slow and the Energy Performance Certificate is rated D. The property is leasehold and located in a mixed-use building above town-centre retail and transport hubs, offering convenience but limited privacy.
Material drawbacks are plainly stated: the area is classified as deprived with a very high local crime rate, which will affect desirability and lettability for some tenants. The apartment’s compact size and electric-only heating reduce appeal to those seeking long-term family homes. Prospective buyers should confirm service charges, ground rent and any management arrangements typical of mixed-use blocks, and check tenant status if purchasing with occupants in place.
This flat represents a low-entry investment in central Redditch: easy access to shops, public transport and the M42 creates lettable demand, but the location and specification will suit buyers comfortable with trade-offs on neighbourhood risk, running costs and broadband speed. Clear, factual due diligence is recommended before offer.
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