Summary - 121 Park Road, Netherton, DUDLEY DY2 9DD
3 bed 3 bath Terraced
Three self-contained studios with immediate rental income and freehold ownership.
Freehold mid-terrace converted into three self-contained studio flats
Current gross income £23,100 per annum from all three lets
Refurbished and extended; two ground-floor, one larger first-floor studio
EPCs vary (C, D, E); energy-efficiency improvements may be needed
Small paved rear courtyard; on-street parking only
Located in very deprived area with above-average crime statistics
Solid brick walls assumed uninsulated; potential retrofit costs
Planning/building regulation sign-off for conversions not verified
A freehold, mid-terraced Victorian property converted into three self-contained studio flats, offered as a ready-made rental investment. The building has been refurbished and extended, producing a current gross annual income of £23,100 across three tenancies. Two ground-floor studios plus a larger first-floor studio provide immediate cashflow with gas and electric supplies in place.
The flats are compact with open-plan living/kitchen areas and shower rooms, suitable for single occupiers or short-term lets. The property includes a small, low-maintenance rear courtyard and on-street parking. EPC ratings vary between C and E across the units; council tax is described as very cheap, which supports tenant affordability in this area.
Buyers should note material considerations: the property sits in a very deprived neighbourhood with above-average crime and hampered local area classifications. The building’s solid brick walls are assumed uninsulated, and some statutory checks (planning/building regulation sign-off for conversions) have not been verified in the provided paperwork. On-street parking and a small paved yard limit amenity appeal for families seeking outdoor space.
This asset suits investors wanting an income-producing freehold with refurbishment upside and short local commuter links to Merry Hill and Russells Hall Hospital. A prudent purchaser should commission full legal/title checks, verify compliance for the conversions, and budget for ongoing maintenance and potential energy-efficiency improvements to raise EPCs and rental value.
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