1 Bed Flat For Sale

NO UPWARD CHAIN TENANT IN SITU OR VACANT POSSESSION OPTION IDEAL FOR FIRST-TIME BUYERS OR INVESTORS EXCELLENT YIELD POTENTIAL!

Situated on Ratcliffe Road in the ever-popular area of Wednesfield, Wolverhampton, this spacious one-bedroom first-floor flat presents an excellent opportunity for both first-time buyers and investors alike. Offered to the market with no upward chain, the property can be purchased with the current tenant in situ or as a vacant possession, providing flexibility to suit a range of buyer needs.

Accessed via a secure communal intercom entry system with fob access for residents, the property sits within a well-maintained development and benefits from a tidy communal hallway and stairway leading to the first floor. Upon entering the flat itself, you are welcomed by a sizeable entrance hallway providing access to all rooms. The accommodation comprises a well-proportioned living room, a separate fitted kitchen, a large double bedroom, a modern shower room, and a particularly useful utility/storage space.

The property offers plenty of cosmetic potential throughout, allowing a purchaser to easily add their own personal touch and create a stylish and comfortable home. With a remaining lease of approximately 101 years and a combined service charge and ground rent of just £310 per annum, the property offers an excellent rental yield and would make a sound and affordable investment for those entering the property market or expanding their portfolio.

Externally, residents benefit from access to a communal garden area, providing a pleasant outdoor space to enjoy during warmer months. 

Located close to a wide range of local amenities, schools and transport links, the property is also just a short distance from New Cross Hospital, Wednesfield High Street, and Bentley Bridge Retail Park, making it ideally positioned for convenience and connectivity.

A fantastic opportunity not to be missed – viewing is highly recommended to appreciate the size, location and potential this property has to offer!

Lease years remaining - 101 years

Ground rent - £10.00 per annum

Service charge - £376.39 per annum