Studio Flat For Sale £45,000
Carnegie Avenue, Tipton, DY4 8SX

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.

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 8% yield (based on annual cost at £1000).

EPC: D
Council Tax Band: A

Council Tax Band: A (Sandwell MBC)
Tenure: Leasehold (79 years)
Ground Rent: £33 per year (reviewed every 0 years)
Service Charge: £188 per year (reviewed every 0 years)
Lease length 79 years and due on 23rd June 2102.
Annual fee for provision of landlord services £33.00
Communal Electric May to Aug (quarterly) £13.10
Annual Buildings Insurance (Tysers Ltd) £166.40 from 01/07/23 to 30/06/2024
There are extra charges to services charges for communal maintenance and electric usage which get split between all owners and can range from £6 -30.