This Grade II listed Victorian building, located on Wolverhampton Street in the bustling center of Dudley, presents a compelling opportunity for both residential living and investment. The property enjoys excellent transport links and is just moments away from a variety of retail and leisure facilities, making it an ideal location for tenants. With the new £261 million Dudley tram extension nearby, accessibility to other regions enhances its appeal.
The property comprises four spacious apartments, each thoughtfully arranged while preserving significant period characteristics such as ornate brickwork, tall sash windows, high ceilings, and decorative cornicing typical of late-Victorian architecture. While the interiors have been refurbished to blend period charm with contemporary comfort, there remains ample scope for further enhancements that could increase rental value or improve overall aesthetics.
Each apartment features generous living spaces, including double bedrooms and open-plan layouts that accommodate modern living requirements. Contemporary bathroom suites and secure entry systems add to the convenience for residents. Additionally, the property includes a sizable rear car park along with outbuilding storage that holds potential for development (subject to planning permission), providing further avenues for investment growth.
Currently generating a total annual rent of approximately £36,420 across the four units, this property offers a notable gross yield of 7.5%. The breakdown of rents illustrates consistent demand within the area:
- Flat 1: 1 bedroom, 1 bathroom - £695/month
- Flat 2: 2 bedrooms, 1 bathroom - £750/month
- Flat 3: 2 bedrooms, 1 bathroom - £795/month
- Flat 4: 2 bedrooms, 1 bathroom - £795/month
In addition to being offered as freehold tenure, this property stands out due to its balance of historic charm and practical investment potential. An Energy Performance Certificate has been commissioned and can be provided upon request.
Investors seeking a property with character in a thriving location will find this building's renovation possibilities particularly appealing.
