Offers in region of
£120,000
2 bed flat for saleUnitt Drive, Cradley Heath B64
2 beds
1 bath
1 reception
EPC Rating: C
About this property
Two-bedroom ground floor apartment
Tenanted investment opportunity
Currently achieving £875 pcm
Approx. 8.75% gross yield
131 years remaning on lease
Popular residential development
Well-maintained communal grounds
No upward chain
Viewing available
Offered for sale as an ideal investment opportunity, the property is currently achieving a gross yield of approximately 8.75%, with a rental income of £875 per calendar month. The apartment has been successfully let for the past 12 months, with the current tenants expressing their intention to remain long term. The property has been professionally managed and well maintained throughout the tenancy.
The well-presented accommodation briefly comprises: Entrance hall, spacious lounge/diner, fitted kitchen, two well-sized bedrooms, and a modern bathroom. The development benefits from an attractive frontage, well-kept communal grounds, and to the rear is one allocated parking space together with visitor parking.
Tenure
We are advised that the property is leasehold, with approximately 131 years remaining on the lease.
We are further advised that the current ground rent is £100.00 per annum and the half yearly estate service charge is currently £960.49.
Please note: All leasehold information should be verified by a solicitor.
Accommodation details
Entrance Hall
Magnolia painted walls, white-painted ceiling, grey fitted carpet, intercom phone, gas radiator, doors leading to the lounge/diner, kitchen, two bedrooms, bathroom, and storage cupboard.
Lounge/Diner – 4.5m x 3.6m (14’10” x 11’9”)
A spacious lounge/diner with feature fireplace, double-glazed window to front elevation, grey fitted carpet, grey painted walls, white-painted ceiling, gas radiator, and ceiling light point.
Kitchen – 3.0m x 1.9m (9’10” x 6’1”)
Fitted kitchen comprising a range of wood-effect wall and base units with dark work surfaces, integrated electric oven, gas hob with extractor hood over, stainless steel inset sink, and space for a washing machine and fridge freezer. The kitchen further benefits from a double-glazed window to the rear elevation, dark vinyl flooring, magnolia painted walls with tiled splashbacks, and white-painted ceiling.
Bedroom One – 3.3m x 3.2m (10’9” x 10’4”)
A good-sized double bedroom with grey fitted carpet, grey painted walls, white-painted ceiling, gas radiator, double-glazed window to the front elevation, and ceiling light point.
Bedroom Two – 3.1m x 2.1m (10’2” x 7’0”)
A good-sized bedroom with grey fitted carpet, magnolia painted walls, white-painted ceiling, gas radiator, double-glazed window to the rear elevation, door to boiler cupboard, and ceiling light point.
Bathroom
Modern bathroom with magnolia painted walls complemented by wall tiling, white-painted ceiling, dark vinyl flooring, and a three-piece suite comprising bath with shower over, wash hand basin, and WC. Further benefits include a central heating radiator, double-glazed window to the rear elevation, and extractor fan.
Outside
Front:
The development offers an attractive frontage with a modern brick and rendered exterior, private entrance access to the communal hallway, and well-kept communal grounds.
Rear:
The development further benefits from a well-maintained communal parking area providing one allocated parking space for the property, together with visitor parking and neatly landscaped communal grounds.
Additional information
Local Authority: Sandwell
Council Tax Band: B
EPC Rating: C (75)
Referral Fees-
As part of our commitment to transparency, we would like to inform you that we may receive a referral fee if we introduce you to certain third-party service providers. These include:
Solicitors – If we refer you to a solicitor for conveyancing services, we may receive a referral fee of up to £300 (including VAT) should you decide to proceed with their services. This fee is paid directly to us as a marketing cost and does not affect the legal fees you would otherwise be quoted. The exact amount may vary depending on the solicitor instructed.
Mortgage Advice – If we introduce you to Zi Mirza at The Mortgage Department, we will receive a referral fee of £75 (including VAT) should you choose to proceed with their services. This fee is paid by the mortgage advisor and does not impact the costs or mortgage products available to you.
Referral fees are a standard industry practice and help to offset marketing costs. They do not influence the advice or services provided by the solicitor or mortgage advisor. If you have any questions regarding referral fees, please do not hesitate to contact us.
Important Information
1. Intending purchasers will be required to provide photo identification and financial documentation to comply with money laundering regulations at the offer stage.
2. These particulars do not form part of any offer or contract.
3. Measurements are for guidance only; buyers should verify them before committing to any costs.
4. Complete Property Services have not tested any appliances, fixtures, or fittings.
5. Buyers should seek legal verification of the title and property details from their solicitor.
Mortgage calculator
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More information
Tenure
Leasehold (131 years)
Service charge
£1,921 per year
Council tax band
B
Ground rent
£100
Ground rent date of next review



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