Summary - 6 BLAKEDOWN WAY OLDBURY B69 1AT
1 bed 1 bath Ground Flat
Low-price investment with tenant in situ and refurbishment potential.
One-bedroom ground-floor maisonette with communal rear garden
A one-bedroom ground-floor maisonette offered at a low guide price, aimed squarely at buy-to-let investors or buyers prepared to refurbish and hold. The flat is compact but functional, with a living room, separate kitchen, bedroom, shower room and two small storage cupboards. It includes access to a communal rear garden and basic gas central heating with double glazing.
The property is being sold by modern auction. Bidding is subject to an undisclosed reserve price and buyers must allow for additional costs including a non-refundable reservation fee (typically 4.5% of the purchase price, minimum £6,600) plus administration fees and a buyer information pack charge. The flat is leasehold with about 91 years remaining and a low reported ground rent of £10 (confirmation advised).
A tenant is in situ, so this is immediately income-producing for landlords but not vacant possession. The interior appears dated — the kitchen and general finishes will need updating to maximise rent or resale value. The area shows indicators of high crime and very high deprivation, which may affect lettings and future capital growth; undertake local due diligence and check rental demand and yields carefully.
Practical positives include fast broadband and excellent mobile signal, proximity to bus links and the M5, and very low council tax costs. Overall this is a low-entry investment with clear scope for cosmetic refurbishment, but buyers must budget for renovation, auction fees and the risks associated with the local area.
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