2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (105 years remaining)
- 2 Bedrooms
- 2 Bathrooms
- Current Tenant In Situ
- Current Rental Income £520.00pcm
- Leasehold Apartment
- Popular Residential Area
Pure Investor brings to the market this 2-bedroom apartment within The Pinnacle development, Gomer Street, Willenhall. The apartment offers investors 2 double bedrooms with wardrobes space, family bathroom with bath, sink and toilet, shower room with shower, sink and toilet, kitchen with opening into a good-sized living room. The property has fantastic locality and is very appealing as it allows easy accessibility too many local amenities, great school catchments and transport links for the M6 Motorway. There is currently a tenant in situ and the seller would be looking to sell the apartment whilst keeping the tenant in place, thus meaning it would only be suitable as an investment purchase.
Investment Information
Full Address: Flat 30, The Pinnacle, 50 Gomer Street, Willenhall, West Midlands WV13 2NW.
Asking Price: £70,000.00.
Tenure: Leasehold (105 years remaining).
Service Charge: £1,790.00 per annum.
Ground Rent: £150.00 per annum.
Parking: Gated but not allocated.
Tenancy: Currently tenanted (tenant moved in on 29th November 2019).
Current Rental Figure: £520.00pcm.
Self-Managed Or Letting Agent: Letting agent (13% + Vat currently £81.12) average letting fee would be around 10% + VAT.
Gross Yield: 8.9%
Net Yield: 6.14%
Places of interest
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Broadband availability and predicted speed: obtained from Ofcom on December 19, 2021
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 7, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on November 9, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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