Carnegie Avenue, Tipton, DY4 8SX
Offers Over £60,000
1 bedroom studio for sale
John Miller is Pleased to offer this purpose-built by Barratt Homes, Top floor one Bedroom Studio apartment situated in a cul-de-sac in the prime location of Tipton.
Property Consisting of Bedroom/Living area, wardrobe hallway, Kitchen, bathroom. Loft Installation installed 2017.
Situated in a prominent location where all the local amenities are within walking distance. With good public transport and motorway links. Is approximately 3 miles from West Bromwich High Street and Town Centre.
We have been verbally informed by the vendor:
*Leasehold Property with 99 Years approx. left on the Lease
*Currently DSS is tenanted with a rental income of £390 PCM. With a long-term agreement of 2 years.
*There are extra charges to services charges for communal maintenance and electric usage which get split between all owners and can arrange from £6 -30.
This property is perfect for experienced or first-time Investors, offering an approximate net rental income of £4,680 p.a giving a substantial return of 7% yield.
Council Tax Band: A (Sandwell MBC)
Tenure: Leasehold (99 years)
Ground Rent: £30 per year (reviewed every 0 years)
Service Charge: £188 per year (reviewed every 0 years)
Lease length to be confirmed with the lease but should be 99 Years approx.
There are extra charges to services charges for communal maintenance and electric usage which get split between all owners and can arrange from £6 -30.
- BUY TO LET
- Ideal investment Opportuniy
- Generating an income of £390 pcm with 7% Yeild
- Open plan Living room & Bedroom area
- Kitchen & Bathroom
- Tenant has a 2 Year Tenancy Agreement
- Communal Rear Garden & amenities
Communal entrance through the main building door, through the stairs to the top floor.
Laminated Flooring, Double Glazed Window and Gas Central Heating.
Mixture of wall, base and drawer units with complimentary Worktops & Integrated Hob and Oven. Tiled splash prone area, Double Glazed Window, Laminated Flooring and Gas Central Heating.
Wash Basin, W.C, good sized Shower cubicle tiled throughout, Double Glazed Window and Gas Central Heating.
Rear garden, has amenities and green space within walking distance.
• Dudley Port (0.1 miles)
• Tipton (0.7 miles)
• Coseley (2.0 miles)
• Birmingham International Airport (13.7 miles)
• Sacred Heart Primary School (0.2 miles)
• St Martin's CofE Primary School (0.4 miles)
• Alexandra High School and Sixth Form Centre(0.6 miles)
• Jalaliah Educational Institution (0.1 miles)
The Agent has not checked the legal documents to verify the Freehold/Leasehold status of the property. The buyer is advised to obtain verification from their Solicitor or Surveyor.
We have been verbally informed by the vendor:
*Leasehold property with a Lease Term of 100 Years
*Ground Rent £30 p/a no Service Charge
Currently DSS tenanted with a rental value of £86 PW or £373 PCM, with working tenant rental value could be achieved around the £400 PCM mark.
This property is perfect for experienced or first time Investors, offering a net rental income of £4,476 p.a giving a substantial return of 9.96%.
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.
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.
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
- Buyers Must Be Ready To Buy! Only Serious Buyers
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.