2 bed flat for sale

Junction Road, Ettingshall, Wolverhampton WV2

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An excellent investment opportunity offering an impressive gross rental yield of approximately 11.3%, this spacious two-bedroom ground-floor apartment is situated within Liana Gardens in the Ettingshall area of Wolverhampton. Currently occupied by a sitting tenant paying £895 per calendar month, the property represents an attractive proposition for landlords seeking an established rental investment capable of producing income from the outset. Benefitting from two bedrooms, two bathrooms, a generous kitchen/breakfast room, private balcony and allocated parking, the apartment offers surprisingly spacious accommodation throughout and remains conveniently positioned for access into Wolverhampton city centre!

Accessed via a secure communal entrance with a controlled fob-entry system, the apartment itself occupies the ground floor of the development and opens into a particularly spacious private entrance hallway. This forms the central point of the accommodation and provides access to each of the principal rooms.

The living room offers ample space for a variety of furniture arrangements and benefits from direct access onto a feature private balcony, providing a welcome outdoor extension to the main living accommodation and an attractive additional feature not always found with apartment living.

Separate from the living room is a generously proportioned kitchen and breakfast room, providing plenty of cupboard, worktop and appliance space together with room for informal dining.

There are two well-proportioned bedrooms, with the principal bedroom further benefitting from its own en-suite shower room The second bedroom provides excellent flexibility as a further double bedroom, guest room or home-working space, while a separate family bathroom serves the remainder of the accommodation.

The property is currently occupied and has been maintained to a perfectly serviceable standard by the existing tenants. While there remains scope for cosmetic improvement and personalisation in certain areas, there are no obvious requirements for wholesale renovation, allowing an investor to continue with the existing tenancy without the necessity for immediate improvement works.

From an investment perspective, the figures are particularly noteworthy. The existing tenants currently pay £895 per calendar month, equating to an annual rental income of £10,740 and, based upon the current asking price, a gross rental yield of approximately 11.3% For a prospective landlord looking to acquire an investment with an established tenant already in occupation, this offers the considerable advantage of an existing rental income stream from completion, subject to the terms of the tenancy.

Externally, the development benefits from communal garden and landscaped areas, while the apartment also has the advantage of allocated parking

Liana Gardens occupies a convenient position within the Ettingshall area of Wolverhampton, with a broad selection of everyday amenities, schooling and transport connections within the surrounding area. Wolverhampton city centre is only a short drive away, while the property’s location also provides convenient access to the wider road network and neighbouring areas.

Combining ground-floor accommodation, two bedrooms, an en-suite, private balcony and allocated parking with an existing tenancy producing an attractive gross yield, this is a compelling opportunity for both established and first-time landlords looking to add an income-producing property to their portfolio!

Lease years remaining - 140 years

Ground rent - £275.00 per annum

Service charge - £1,162.18 per annum

EPC rating: C.

Entrance Hall

Living Room (3.91m x 2.72m (12'10" x 8'11"))

A spacious reception room with a double glazed patio door leading to balcony.

Balcony (2.76m x 1.21m (9'1" x 4'0"))

Kitchen/Diner (4m x 2.7m (13'1" x 8'10"))

With rear double glazed window, wall and base units, electric oven, stainless steel sink/drainer, facility for plumbed in washing machine, space for fridge, vinyl flooring and part tiled walls.

Bedroom One (2.9m x 2.8m (9'6" x 9'2"))

First bedroom with a ceiling light point, radiator and a double glazed window looking out to rear of the property.

En Suite

En suite with a glass panelled shower, hand sink basin, low level flush WC.

Bedroom Two (2.92m x 2.9m (9'7" x 9'6"))

Second bedroom with a double glazed window to the rear, ceiling light point and electric heater.

Bathroom (1.92m x 1.64m (6'4" x 5'5"))

Bathroom with a panelled bath, hand sink basin, low level flush WC and ceiling light point.

Externally

Externally, the development benefits from communal garden and landscaped areas, while the apartment also has the advantage of allocated parking.

Agent Note

Belvoir has not received a receipt copy of the ground rent. The advertised £275.00 per annum cost for the ground rent has been advised by our seller.

Id Checks

Once an offer is accepted on a property marketed by Belvoir Estate Agents we are required to complete id verification checks on all buyers and to apply ongoing monitoring until the transaction ends. Whilst this is the responsibility of Belvoir Estate Agents we may use the services of MoveButler/Kotini, to verify Clients' identity. This is not a credit check and therefore will have no effect on your credit history. You agree for us to complete these checks, and the cost of these checks is £36.00 inc. VAT per buyer. This is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable.

Marketed By

This property is marketed by Belvoir Estate Agents in Wolverhampton Belvoir are a trusted, family-owned and operated Estate & Letting Agent based in Wednesfield Town Centre. Belvoir also have other nearby local offices located in Wednesbury in Wolverhampton, Cannock, Telford, Stafford, and on Bloxwich High Street in Walsall.

Belvoir are part of a larger franchised network, with over 150 Belvoir offices across the UK. Belvoir Wolverhampton can provide you with a free market appraisal and guide you through what to expect on your journey of selling your property.

With the aim of being and staying the best Estate Agent in Wolverhampton, we offer a different approach - including our Zero Day Contract tie-in, the ability to call us from 9AM to 9PM, 7 days a week, 365 days a year, and the reassurance of a traditional high street agent that embraces modern technology.