Nestled in the historic heart of Dudley, this Grade II listed Victorian property presents a unique opportunity for renovation and investment. It is strategically located on Wolverhampton Street, providing exceptional transport links and easy access to an array of retail and leisure facilities. The recent expansion of the Dudley tram service enhances connectivity, making it even more appealing for future tenants.
The building comprises four spacious apartments, each showcasing classic Victorian architectural elements such as ornate brickwork, tall sash windows, high ceilings, and decorative cornicing. While some updates have been made to enhance modern living, there remains significant potential for further refurbishment to elevate the property's appeal. Additionally, the sizable rear parking area and outbuilding storage could serve as valuable assets for development opportunities (subject to planning).
Currently configured as follows:
- Flat 1: 1 bedroom, 1 bathroom
- Flat 2: 2 bedrooms, 1 bathroom
- Flat 3: 2 bedrooms, 1 bathroom
- Flat 4: 2 bedrooms, 1 bathroom
Each unit features generous living spaces with open-plan layouts, well-equipped kitchens, contemporary bathrooms, and secured entry systems. Private off-road parking contributes to the convenience of residents.
In terms of financials, the property is currently generating a solid rental income with monthly rents totaling £3,035 across all units—an annual projection of approximately £36,420. This offers an attractive gross yield that indicates strong investment potential.
Offered freehold without VAT implications provides added value for prospective buyers. Legal costs will be borne by each party individually during the transaction process. Compliance with Anti-Money Laundering regulations necessitates two forms of ID and proof of funds from purchasers.
This property represents not just a home but a canvas for savvy investors looking to capitalize on its prime location and inherent charm while enhancing its value through strategic renovations.
