Summary - Flat 3, Lingwood Hall, 12 St. James's Road DY1 3JD
1 bed 1 bath Apartment
Income-producing one-bedroom flat with gated parking — strong gross yield but higher running costs..
Tenanted investment; current rent £625 pcm (sold with tenant in situ)
105 years remaining on lease
Service charge £1,756pa; ground rent £150pa
Secure gated parking included
Electric room heaters only; higher energy costs likely
Solid brick construction; no known wall insulation
Area: very deprived with above-average crime
Auction sale via Secure Sale online bidding; terms apply
This one-bedroom leasehold apartment in Dudley is presented as a clear buy-to-let prospect, already producing an income and positioned for immediate yield. Offered with a tenant in situ and secure gated parking, it suits investors seeking hands-off rental revenue from day one. The building retains period character while the flat has a fitted kitchen and bathroom and double glazing to principal rooms.
Financially the lot is straightforward: 105 years remaining on the lease, annual service charge £1,756 and ground rent £150. At the guide price and the current rent of £625 pcm the property delivers a strong gross yield, but investors should factor in service charges, void risk and management costs when modelling returns. The sale will be conducted via Secure Sale online bidding and is subject to auction terms.
Practical drawbacks are significant and should be considered. Heating is by electric room heaters (no communal system) and the building’s solid brick walls likely lack cavity insulation, so energy costs may be higher. The area is classified as very deprived with above-average crime levels—factors that influence tenant demand, insurance and long-term capital growth. The flat is sold with the existing tenancy, so vacant possession is not available on completion.
In summary: a compact, characterful apartment offering immediate rental income and gated parking, best suited to experienced investors comfortable with urban rental locations and periodic maintenance/energy upgrades.
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