This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If you want me, need me and love me quote RA0772
A fantastic opportunity for investors or cash buyers to acquire this two-bedroom first-floor apartment, offered below market value and requiring modernisation. Situated in a highly convenient location within walking distance of Dudley Town Centre, Dudley College, shops, and transport links, the property offers great scope for improvement and growth.
The apartment comprises:
The property comprises an entrance hallway, leading to a living room measuring approximately 9'8" x 9'11", a kitchen measuring 5'5" x 9'4", and a bathroom sized 7'0" x 6'3". There are two double bedrooms, with bedroom one measuring 9'2" x 10'7" and bedroom two measuring 6'4" x 10'0". Additional benefits include UPVC double glazing and an allocated parking space to the front.
With over 110 years remaining on the lease, this well-located apartment is ideal for refurbishment and resale or for long-term investment. It also benefits from allocated parking and is positioned in a popular residential development.
Investment Potential:
Estimated to achieve £795 PCM once renovated, this property offers a strong 10.04% gross yield based on a guide price of £85,000—an attractive opportunity for investors. It also makes an ideal first home for buyers or small families looking for a well-located property with potential to personalise and grow into.
This property is for sale via the Modern Method of Auction, which offers the following benefits:
Buyer-friendly process with flexible timescales
Transparency and security for both buyer and seller
Reservation agreement secures your purchase and reduces risk of a sale falling through
Competitive bidding to secure a great deal
Ideal for cash buyers and investment-focused purchasers
Below Market Value – Refurbishment Opportunity – 2 Bedroom 1st Floor Apartment – Over 110 Years Lease – Walking Distance to Dudley Town Centre
Viewing Highly Recommended
With no upward chain and immense potential, this is a property not to be missed. Contact Richard Allen-Zoarder – The Bespoke Estate Agent today to arrange your private tour.
Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer will pay £300 inc VAT for this pack.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.