Creed Way, West Bromwich, B70 9JT
Fixed Price £65,000
1 bedroom apartment for sale
CHAIN FREE! Current Rented to professional and achieving £525 pcm on a 12 month tenancy, we manage the property and the tenant has extended his lease.
Are YOU trying to GET on the property LADDER? Ideal for First-time buyers and future investors to acquire this modern home has been very well maintained and is suited to a professional or a couple. GREAT Location in West Bromwich, close to all amenities and Metro is within walking distance, close to motorway links and the Town Centre.
The property comprises of communal entrance with a secure intercom system for each apartment. The apartment offers Main Hallway, situated on the 3rd floor, offering a Spacious Double Bedroom with Built-in mirrored Wardrobe, Storage Cupboard, Fully Fitted Bathroom suite with fitted shower, Spacious Lounge/Dining Room with natural light on summer days, Open Plan Fully Fitted Kitchen with high Spec's including gloss unit doors, offering Integrated Gas Hob/Oven and allocated. With loft access with fitted ladders, giving extra storage. Communal areas, are under management care, located parking for one car, which can be seen from the apartment.
A Great Location in West Bromwich the property is a short walk away from the New Square shopping centre and only a 3-minute walk to the metro, also nearby local schools and motorway links are a short distance away. Nearby Local Amenities including Local shops, Lidl, Tesco & Astle Retail Park. With Public Transport Links and easy access to the Express Way and Motorway.
Lease Information: We have been verbally informed by the current Owner that the charges are as follow:
*Ground Rent - £250 p.a,
Please Note: That the owner is in talks with the freeholders/builders to request that the doubling of Ground Rent every 10 years to be removed from the Lease. Which means that the ground Rent shall be based on the Rental index, we can not give the length of when the valuations shall be taken out. This information shall be provided once an agreement has been made.
*Annual Service Charge - £730 per year
*Plus insurance cost -£200 -£300 TBC
Admin fee for renting £120 + vat
*Leasehold with 139 years left on the lease since 2018
The property is currently rented as we manage the property and achieving a rental income of £525 pcm. Annual rent: £6,300 Yield: 9.69%
MUST BE SEEN TO APPRECIATE SPACIOUS APARTMENT. EPC B
- CHAIN FREE
- Rent Achieved £6,300 p.a. With a 9% Yield
- Great Starter Home Not To Be Missed!!
- Modern 1 Bedroom Spacious Apartment
- Allocated Parking
- Spacious Lounge & Dining Area with Open Kitchen
- Kitchen & Bathroom Both upgraded when purchased
- Walkin Distance to Metro Station
- Within walking distance from West Bromwich High Street
- Spacious Double Bedroom with Wardrobe
- Ideal Location to motorways & amenities
To access the property use the intercom to call up the desired apartment. Inside the building near the main door you will find the letter box for each apartment. The stairs leading up to all the different floors feature a dark grey carpet throughout.
The apartment door opens up to all rooms. The interior has been done in subtle neutral tones. Good quality cream carpet leading through the Bedroom & Lounge/Dinning Room. Storage cabinet, central heating and loft hatch.
w: 5.31m x l: 3.48m
Spacious open plan Lounge/Dining area with central heating radiator, 2 double glazed windows which offers natural light, cream walls, cream carpet, TV access cables. walk way to......
w: 2.31m x l: 2.08m
Modern looking kitchen offering fully fitted drawer and base units. work surface throughout the kitchen, Sink and drainer, integrated electric oven, gas hob, extractor fan, space for freestanding fridge/freezer, tiling around the cooker and sink areas, plumbing for washing machine and ceiling spot lights.
The Current Owner had paid extra for high spec finishes when they had purchased the property.
w: 4.14m x l: 2.59m
Spacious double bedroom, rear facing over looking the car park, Built in double wardrobe, central heating radiator, double glazed window to the rear, natural colour throughout, cream carpet.
Consisting of a white 3 piece set with W.C, wash basin and curved bath (Was upgraded when purchased) with a shower head over with shower door. White tiles on the floor & surrounding areas of the walls near w.c. and bath, shelving behind the w.c. which is tiled ideal for mirror and storage. Central heating radiator and an extractor fan.
Located Car Parking space, which is visible from the apartment.
Leasehold property. Over 140 Years left on Lease.
Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
This property is currently tenanted and we have only selected days and times we can arrange viewings. please contact us for the availability on 0121 794 3340.
Our office is open 6 days a week, Monday to Friday 9.00am till 5.30pm and Saturdays 9.00am till 2.00 pm
The apartment has a Lease of 140 years which is extended every 10 years which has just been recently renewed.
Ground Rent £250 p.a., Please Note: That the owner is in talks with the freeholders/builders to request that the doubling of Ground Rent every 10 years to be removed from the Lease. Which means that the ground Rent shall be based on the Rental index, we can not give the length of when the valuations shall be taken out. This information shall be provided once an agreement has been made.
Maintenance/service charges £61 pcm.
Please note additional fees could be incurred for items such as leasehold packs
Near By Stations
Sandwell and Dudley (1.0 miles)
Smethwick Galton Bridge (1.6 miles)
Langley Green (1.9 miles)
Near By Schools
Lodge Primary School B70 8PN (0.1 miles)
Health Futures UTC B70 8DJ (0.1 miles)
Hargate Primary School B71 1PG (0.3 miles)
Guns Village Primary School B70 9NT (0.5 miles)
George Salter Academy (GSA) B70 9UW (0.6 miles)
Ryders Green Primary School B70 9UJ (0.6 miles)
This Property is situated in a prime location, with great access to local amenities. Within a 5 minute walk to the West Bromwich High Street and Town Centre.
Queens Square Shopping Centre, Astle Retail Park and New Square are 0.5 miles away.
Dartmouth Park (0.6 miles)
Sandwell Valley Country Park (1.3 miles)
Local Authority - Sandwell Council
Council Tax Band - A
In order to clarify the process, all offers should be either confirmed in writing or telephoned through to the relevant office.
We will need to verify your buying position and ability to proceed, therefore if you require a mortgage we will ask to see a copy of your Mortgage Certificate. If this is not available, you will be contacted by our Financial Advisor to confirm your ability to proceed, although you are not obliged to use the services of our Financial Advisor.
If you are a cash purchaser, we will require proof of funds for our records.
All internal contents are owned by the tenants, these items are not listed within the sale of the property.
Items shown in photographs are NOT included unless specifically mentioned within the particulars. They may however be available by separate negotiation. The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A buyer is advised to obtain verification from their Solicitor or Surveyor. References to the tenure of a property are based on information supplied by the seller. The agent has not had sight of the title documents. A buyer is advised to obtain verification from their solicitor.
1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract.
3: The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: John Miller has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6: John Miller has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.