Turnkey rental income in a modern development near town transport and amenities.
Tenant in situ producing £725 pcm, immediate rental income
Allocated off-street parking and secure communal entrance
110 years remaining on lease (125 from 2008 originally)
Annual service charge approx £1,200; building insurance included
Ground rent approx £850 per annum (relatively high)
Double glazed throughout; modern fitted gloss kitchen
Located near Dudley town centre, transport and colleges
Wider area classed as very deprived — affects long-term growth
This well-presented two-bedroom upper-floor apartment on Highfield Road offers a straightforward investment with a long lease and tenant in situ. The property currently generates £725 pcm, providing immediate rental income and predictable cashflow for a buy-to-let purchaser.
Set in a modern brick development from the early 2000s, the apartment has a fitted gloss kitchen, two double bedrooms and an 18' lounge. Practical features include double glazing, off-street allocated parking and a communal secure entrance — useful for tenant retention and low-maintenance management.
Leasehold costs are notable: an annual ground rent of approximately £850 and a service charge around £1,200. There are 110 years remaining on the lease; buyers should verify all charges and any future increases with their conveyancer before committing.
Location benefits include proximity to Dudley town centre, transport links (local bus routes and Dudley Port station), nearby colleges and leisure facilities — supporting strong local rental demand. The wider neighbourhood is described as very deprived, which may affect long-term capital growth but supports steady lettings to local families and students.
Overall this is a pragmatic purchase for an investor seeking immediate income and low-management accommodation. The apartment is well maintained, but prospective buyers should budget for leasehold fees and perform standard checks on services and appliances.
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