Ready-to-let two-bedroom apartment for investors seeking hands-off income..
Third-floor flat with lift access and communal parking
Newly renovated interior; ready for immediate letting
486 sq ft; compact two-bedroom layout
Leasehold with 82 years remaining — check before purchase
Service charge approx £1,200pa; ground rent £100pa
Area has excellent transport links and fast broadband
Local area: high crime and very deprived — impacts rental demand
Cavity walls with no confirmed insulation; glazing install date unknown
This third-floor, two-bedroom flat is presented as a ready-made buy-to-let opportunity in Tipton. Newly renovated throughout, it offers a modern lounge/diner, fitted kitchen and a single family bathroom — all on 486 sq ft — with lift access and residents’ off-street parking for tenant convenience.
Practical costs to budget for include an average service charge of £1,200 per year, ground rent of £100 per year and the property’s lease with 82 years remaining. The building dates from the mid-20th century; walls are cavity construction with no confirmed added insulation and the double glazing installation date is unknown.
Local strengths include excellent transport links, fast broadband and nearby primary schools rated Good. However, the area records high crime and high deprivation statistics, which may affect tenant demand and rent levels. Viewing is recommended so investors can assess condition and rental appeal in person.
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