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 with shower cubicle. Property was refurnished in 2020 and Loft Installation was installed 2017.

It is 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 a net rental income of £4,620 p.a giving a substantial return of 8% annual rental yield. The current tenant has been in the property since 2020.
EPC D

Council Tax Band: A (Sandwell MBC)
Tenure: Leasehold (79 years)
Ground Rent: £33 per year
Service Charge: £188 per year
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 arrange from £6 -30.