4 bed flat for sale Enville Street, Wollaston, Stourbridge, DY8 3TQ

4 beds 3 baths Block of Flats

For sale by auction Tenure: ask agent

Added today

About this property

An outstanding freehold investment opportunity offered for sale by auction, comprising a fully let block of three self-contained flats generating an impressive total rent roll of £22,800 P/A. Presenting a high-yielding, turnkey buy-to-let portfolio acquisition, the property has been further enhanced by recent eco-retrofitting, including external wall insulation to boost overall energy efficiency. The accommodation breakdown comprises: on the ground floor, two self-contained one-bedroom flats, both benefiting from settled, long-term tenants providing reliable ongoing income.

Key features

Freehold investment block comprising three self-contained flats
Fully let and producing a robust income stream of £22,800 per annum
Ground floor features two 1-bedroom flats occupied by reliable, long-term tenants
First floor features a generous and spacious 2-bedroom self-contained flat
Recently retrofitted with external wall insulation (EWI) for improved thermal efficiency
Immediate rental return from day one of completion
High-yield buy-to-let opportunity in a popular residential setting
Subject to Reserve Price
Buyer fees apply
For sale by Modern Auction - Ts & Cs apply

Location

Enville Street, Wollaston, Stourbridge, DY8 3TQ

Open map Street View

Council tax: Band D (Approx £2,145/year)

Mortgage and stamp duty

Property price £210,000

£105k £315k

Deposit10% £21,000

£0 £210k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £189,000 mortgage. Most lenders would want a household income of about £42,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales in DY8 3TQ. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
107, Enville Street Terraced	Terraced	May 2019	818 sq ft £128/sq ft	818 sq ft	£128	£105,000
105, Enville Street Terraced	Terraced	Mar 2018	667 sq ft £171/sq ft	667 sq ft	£171	£114,000
116a, Enville Street Flat / maisonette	Flat / maisonette	Sept 2017	743 sq ft £121/sq ft	743 sq ft	£121	£90,000
109, Enville Street Terraced	Terraced	Aug 2014	893 sq ft £56/sq ft	893 sq ft	£56	£50,000
122, Enville Street Semi-detached	Semi-detached	Jul 2012	710 sq ft £120/sq ft	710 sq ft	£120	£85,000
118a, Enville Street Flat / maisonette	Flat / maisonette	Jul 2010	484 sq ft £145/sq ft	484 sq ft	£145	£70,000
123, Enville Street Detached	Detached	Oct 2008	936 sq ft £153/sq ft	936 sq ft	£153	£143,000
107, Enville Street Terraced	Terraced	Mar 2007	818 sq ft £139/sq ft	818 sq ft	£139	£114,000