Summary - 248 WELLINGTON ROAD BILSTON WV14 6RL
5 bed 5 bath Detached
Established rental income with scope to increase value via refurbishment and extension.
Five self-contained studio flats producing c. £28,520 pa gross income
A detached period property currently arranged as five self-contained studio flats, sold with existing periodic ASTs and producing a gross annual income of approximately £28,520. The building presents a clear income stream and immediate cashflow for a buy-to-let investor or portfolio purchaser.
Internally the flats are functional but dated: mid-century fittings, worn carpets, occasional damp spotting and low insulation in solid brick walls. Services are reported connected and heating is mains gas via a boiler and radiators, but the property will benefit from targeted refurbishment and thermal upgrades to improve tenant comfort and reduce running costs.
There is scope to increase value: rear extension potential (subject to permissions) and refurbishment could lift rents. Buyers should note the property sits in a very deprived area with a high local crime level; these location factors affect tenant demand, management costs and long-term capital growth.
Practical positives include excellent mobile and fast broadband availability, a decent plot with private rear garden, and very low council tax (band A for each unit). The sale includes existing tenancies, so possession will transfer with the lets in place.
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