Summary - 12 Merstone Close WV14 0LR
2 bed 1 bath Flat
Cash-ready investment near excellent transport and local amenities.
Cash sale only — mortgage lenders may refuse due to 58-year lease
No upward chain; vacant or ready for quick completion
Two bedrooms in a compact 582 sq ft first-floor flat
Service charge £340 pa; ground rent £10 pa (leasehold)
Resident off-street parking and small private garden
Very high local crime and very deprived area — affects lettings
Electric room heaters; potential energy upgrade required
Fast broadband and excellent mobile signal; strong transport links
This first-floor flat in Merstone Close offers a compact, low-upkeep opportunity close to Bilston town centre and strong transport links. The layout includes a lounge, kitchen, two bedrooms and a bathroom; laminate flooring and double glazing are already in place. Resident off-street parking and a small garden add practical value for tenants.
Important financing and location considerations are clear: the lease has about 58 years remaining and mortgage lenders may refuse to lend, so the sale is for cash buyers only. The surrounding area is classified as very deprived with very high recorded crime levels; this will affect rental demand and yield assumptions and should factor into any refurbishment or letting plans.
For a cash investor the flat is a straightforward let-or-refurbish prospect. Service charge and ground rent are modest, broadband and mobile signals are good, and there is no flood risk. Heating is by electric room heaters and the property may benefit from upgrades to energy and heating systems to improve long-term running costs and appeal.
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