Summary -
Flat 46 Tameway Plaza,48, Bridge Street,WALSALL,WS1 1JJ
WS1 1JJ
1 bed 1 bath Flat
High-yield, tenant-occupied flat with long lease and immediate income potential.
- One bedroom flat, approximately 441 sq ft
- Current gross income £8,100 per year (occupied)
- Long lease: 114 years remaining
- Shared private parking included
- Leasehold tenure; Buyer’s Premium applies
- Very high local crime rates; area very deprived
- Fast broadband and excellent mobile signal
- Town‑centre location with broad amenity access
This one-bedroom leasehold flat in central Walsall is presented primarily as a buy-to-let opportunity. It sits within a mixed-use, town-centre block and comes with a long-term tenant in place, providing immediate rental income. The current gross rental income of £8,100 against an asking price of £85,000 equates to a high gross yield (around 9.5%), making it attractive for income-focused investors.
Practical strengths include a long lease (114 years remaining), shared private parking, fast broadband and excellent mobile signal, and a compact, manageable 441 sq ft footprint that suits landlord portfolios. The tenant has a consistent payment history and does not plan to vacate, which reduces void risk and simplifies transaction planning for a purchaser seeking an occupied investment.
Buyers should note material location and market considerations: the local area is classified as very deprived with very high recorded crime levels. These factors can affect tenant profiles, re-letting risk, insurance costs and longer-term capital growth prospects. The property is offered leasehold and a Buyer’s Premium will apply on completion; prospective purchasers should review the Let Property Pack and tenancy documentation before bidding.
Overall this is a straightforward, income-producing unit for a buyer prioritising yield and immediate cashflow over capital appreciation. It will suit investors or developers comfortable operating in inner‑town, higher-yield markets and managing the risks associated with a challenged urban location.
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