Summary - Oak House, Herbert Street, Redditch B98 8BL
1 bed 1 bath Flat
Low-maintenance buy-to-let with immediate rental income and long lease.
One double bedroom, open-plan living with modern fitted kitchen
A compact one-bedroom first-floor flat offering a straightforward buy-to-let in central Redditch. The open-plan living space and modern kitchen make this low-maintenance and immediately rentable, with a long lease (approx. 116 years) that supports investment planning.
The property is currently let at £550 pcm, producing an indicative gross yield around 9.4% at the stated price and providing immediate income for a landlord. Secure entry, double glazing and contemporary finishes reduce short-term repair costs; electric room heaters mean no gas supply but higher running costs for tenants.
Buyers should note material factors: sale by Modern Method of Auction (starting bid £60,000), cash buyers only, a non-refundable reservation fee applies on completion (4.5% of purchase price, minimum £6,600), and a substantial annual service charge (£1,825.67). The local area is classified as deprived with very high recorded crime — important for landlord risk assessments and tenant profiling.
This is a practical, income-focused purchase rather than a family home. It suits investors seeking an easy-entry Redditch rental with immediate tenancy in place but who accept auction timings, upfront fees, and the need to monitor tenant costs due to electric heating.
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