Summary - 8 HARPER GROVE, TIPTON, TIPTON DY4 9SR
2 bed 1 bath Apartment
Ready-income two-bed near Tipton station with allocated parking.
Tenant in situ generating £750 pcm (immediate income)
This first-floor, two-bedroom apartment is offered with a tenant in situ generating £750 pcm, presenting an immediate income stream for buy-to-let investors. The modern purpose-built block and fitted kitchen reduce near-term maintenance, while double glazing and gas central heating keep running costs reasonable.
The flat sits close to Tipton train station and local amenities, with one allocated off-street parking space and communal entrance with intercom. The lease has approximately 130 years remaining and the building is of recent construction, so major exterior works are unlikely in the short term.
Running costs include an annual service charge of about £2,100 and a ground rent of approximately £60 per year; purchasers should factor these into yield calculations. The property is in a very deprived local area classification, which can affect long-term capital growth and tenant profiles.
Overall this is a straightforward, low-management investment: tenant in place, decent rental income and good transport links. Buyers should verify lease and charge details with their solicitor and note the higher-than-typical service charge when assessing returns.
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