Summary - CHAMPNEY FLAT 31 ST CECILIA CLOSE HOOBROOK KIDDERMINSTER DY10 1LW
1 bed 1 bath Apartment
Low-price one-bed flat with high rental yield and renovation upside.
Price £40,000 — strong low-entry purchase
Approximately 578 sq ft; one bedroom, one bathroom
Achievable rent £435 pcm — approx. 11.6% gross yield
Leasehold: 89 years remaining; ground rent £100 pa
Service charge c. £2,270 pa — factor into running costs
Needs renovation and cosmetic updating to kitchen and finishes
Heating: LPG room heaters (not communal gas)
Allocated off-street parking, lift access, controlled entry
This one-bedroom flat in Hoobrook offers a rare low-entry purchase in Kidderminster. At around 578 sq ft the apartment provides a generous lounge, a double bedroom and a functional bathroom — all liveable now but suited to cosmetic updating. The building is a mid-century high-rise (1967–75) with lift access, controlled entry and an allocated parking space (No.31).
Financially the property is geared toward investors: the listed achievable rent of £435 pcm produces an approximate gross yield of 11.6% at the £40,000 asking price. The home is leasehold with 89 years remaining, a ground rent of £100 pa and an annual service charge of about £2,270 — factors buyers should include in affordability and yield calculations.
Practical considerations: heating is by LPG room heaters rather than a communal gas system, and the flat needs renovation to modernise the kitchen and some internal finishes. Double glazing was installed after 2002, reducing immediate window work, and there is no significant flood risk. The position is convenient for local shops, transport links and schools, making it straightforward to re-let or occupy while improvements are carried out.
Summary: a budget-priced, redecorate-and-let opportunity in a substantial residential block. Attractive to buy-to-let investors or first-time buyers seeking a renovation project with clear income potential, but budget for service charges and LPG heating replacement when planning works.
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