Summary - 52 Ikon Avenue, WOLVERHAMPTON WV6 0FA
2 bed 1 bath Apartment
Yield-focused two-bed apartment with tenant in situ and allocated parking.
Two double bedrooms, open-plan living (approx. 549 sq ft)
This two-bedroom apartment on Ikon Avenue is offered as a buy-to-let opportunity with a tenant in situ, featuring secure entry, allocated off-street parking and communal gardens. At about 549 sq ft it’s compact but arranged for open-plan living and practical long-term renting. The current figures indicate a gross yield of 9.11% and a net yield of 7.96%, making it attractive for investors seeking immediate income.
The building is modern with an intercom system and easy access to local amenities and motorways, supporting steady tenant demand. Broadband speeds are fast and mobile signal is excellent—useful for professional renters and commuters. Nearby schools include several rated Good and two top 10% schools, which may broaden the tenant pool.
Be clear on the drawbacks: the property is in a very deprived area with above-average crime, and tenure details are not specified, which can affect mortgage options and risk. Internally the kitchen is fitted and contemporary but there are signs of dated flooring and potential damp that will need addressing; this limits immediate capital appreciation without modest refurbishment.
Overall, this is a straightforward rental asset that delivers strong headline yields and immediate income but carries location risk and some maintenance needs. Investors should verify tenancy details, tenure, and carry out a damp inspection before purchase.
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