Low-entry investment with parking and refurbishment potential near transport links.
First-floor two-bedroom flat with master en-suite and open-plan kitchen lounge
A two-bedroom first-floor flat in a modern block, offered at auction and suited to investors or cash-ready buyers. The open-plan kitchen/living area, two good-sized bedrooms (one en-suite) and allocated parking deliver straightforward rental appeal in an established renting-families area. The block dates from 2007 onwards and benefits from double glazing and communal gardens.
The property requires full redecoration and modernisation; electric room heaters are the current heating source and broadband speeds in the area are reported as slow. Leasehold tenure with 141 years remaining and annual ground rent of £275 should be factored into running costs. The sale is via the Modern Method of Auction — an undisclosed reserve applies and a non-refundable reservation fee will be payable on exchange (check buyer information pack for current fees and T&Cs).
This flat’s strengths are its size (approx. 636 sq ft), practical layout and allocated parking — features that appeal to buy-to-let portfolios or developers planning a cosmetic refurbishment. The location offers good transport links into Wolverhampton and the nearby metro route to Birmingham, but local crime levels are high and the surrounding area is classified as very deprived; targeted lettings or price-sensitive buyers will find opportunity here.
Prospective purchasers must undertake full due diligence before bidding. The buyer information pack contains important legal and property documents; lenders may require surveys and mortgage finance must be completed within the auction timescale. For an investor prepared to invest in modernisation, the flat presents a low-entry acquisition with clear rental or resale potential.
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