Studio for sale

Cradley Road, Netherton DY2

Cash buyers only | Studio Flat | Investors & First-Time Buyers – Don’t Miss This

Complete Property Services are delighted to present this stylishly refurbished ground-floor studio flat in a sought-after Dudley location, just a short walk from Asda supermarket, transport links, canal, parks, and comprising an open-plan living space with a modern fitted kitchen, walk-in wardrobe, a shower room, and benefiting from double glazing, electric heating and private resident’s parking to the rear.

Tenure

Leasehold (as advised by the seller).

Investment Potential

Rental Income: £650.00pcm

Approx. 12% Gross Yield – a fantastic opportunity for investors

Leasehold Information

This information has been provided by a third party and has not been verified. We recommend you confirm this information with your conveyancer.

Years Remaining: 53 years remaining on the lease (as of 25th March 2025)

Ground Rent: £45 per annum (increasing to £100.00 per annum on 25th March 2045)

Service Charge: £1,100 per annum

Ground Rent & Service Charge Review: Ground Rent every 33-years, Service Charge reviewed every 1-year

Accommodation Details

Approach

Set back from the footpath with surrounding shrubbery, the property is accessed via a communal front entrance door. The flat’s front door is located immediately to the left. Front access only.

Open Plan Fitted Kitchen/Living Area 5.54m x 4.10m (18’2” x 13’5”)

Featuring newly fitted light wood-effect laminate flooring in the main living and kitchen space, with grey carpet in the sleeping area. A statement feature wall enhances the sleeping area, which also benefits from double doors leading to a built-in wardrobe. The room is well-lit with four light fittings throughout, and two new double-glazed windows to the front elevation. A new electric heating radiator with a decorative panel covering.

The fitted kitchen is designed with matching white wall and base units, complemented by marble-effect worktops and a black subway tile backsplash. The space includes an inset stainless steel sink drainer unit with hot and cold taps, a freestanding fridge freezer, a washing machine, an electric cooker with hobs, and an extractor fan above. A door leads to the shower room.

Shower Room 1.52m x 1.40m (4’11” x 4’7”)

Finished with white marble-effect floor tiles and white wall tiles. A small obscure window is positioned to the side elevation. The suite comprises a built-in shower cubicle with an electric shower, a vanity hand wash basin with hot and cold taps, and a push-button low-level W.C. There is also a door leading to the immersion heater storage cupboard.

Outside

Private residents' parking is available to the rear, providing ample off-street parking.

Additional Information

• Local Authority: Dudley mbc

• Council Tax Band: A

• EPC Rating: E (44)

Important Information

1. Intending purchasers will be required to provide photo identification and financial documentation to comply with money laundering regulations at the offer stage.

2. These particulars do not form part of any offer or contract.

3. Measurements are for guidance only; buyers should verify them before committing to any costs.

4. Complete Property Services have not tested any appliances, fixtures, or fittings.

5. Buyers should seek legal verification of the title and property details from their solicitor.

Referral Fees-

As part of our commitment to transparency, we would like to inform you that we may receive a referral fee if we introduce you to certain third-party service providers. These include:

• Solicitors – If we refer you to a solicitor for conveyancing services, we may receive a referral fee of up to £300 (including VAT) should you decide to proceed with their services. This fee is paid directly to us as a marketing cost and does not affect the legal fees you would otherwise be quoted. The exact amount may vary depending on the solicitor instructed.

• Mortgage Advice – If we introduce you to Zi Mirza at The Mortgage Department, we will receive a referral fee of £75 (including VAT) should you choose to proceed with their services. This fee is paid by the mortgage advisor and does not impact the costs or mortgage products available to you.

Referral fees are a standard industry practice and help to offset marketing costs. They do not influence the advice or services provided by the solicitor or mortgage advisor. If you have any questions regarding referral fees, please do not hesitate to contact us.