0 bed Block of flats (for sale) Page's Croft/Aldeney Close, Dudley DY1

£2,806,440
Add to Basket Basket Looks Interesting
agent logo
Vesta Property
29 Charlotte Road, London
020 8115 4124
First Published

8th Oct 2018

Last Published

15th Nov 2018

 

Features

  • Type: Block of flats
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

Dudley is a large town in the county of West Midlands, 6 miles south-east of Wolverhampton and 10.5 miles north-west of Birmingham.

There are multiple travel options from this property and Tipton station is conveniently only a 20-minute walk away. This train station is served by West Midlands Railway and runs services between Wolverhampton and Walsall via Birmingham. During the week there are two services every hour that run in each direction. There are also bus links to the neighbouring towns of Tipton, Walsall, Wolverhampton, Birmingham, West Bromwich and many more. The closest bus stop being less than 100m from this property, making it very easy to travel around the surrounding region.

This area of the Black Country is very rich in cultural attractions that are in walking distance such as the Black Country living Museum, Dudley Castle and Dudley Zoological Gardens. Slightly further down the road from this property is Castlegate Business Park which offers a broad range of retail stores, restaurants and a cinema. There are further retail options in town via the Merry Hill Shopping Centre & Churchill Shopping Centre which are packed with options and is known as the commercial centre.

The town of Dudley has much to offer in terms of work opportunities with in the town, some of the biggest employers in the local area include Mitie, Interserve, the nhs, dmbc and Rentokil Initial. Dudley is fortunate to being only a short half an hour drive from Birmingham via the A457, and so this opens up many opportunities for potential commuters looking for jobs in the neighbouring town.

Fully-let on ASTs with low voids performance and long-term tenants (the average tenancy is over 4 years).

Portfolio Overview:

* Total No. Of Units: 24 x apartments (19 x 2 beds and 5 x 1 beds)
* Total price: £2,806,440 leasehold block
* Aggregate rent: £12,480 pcm; £149,760 pa
* Tenancy types: ASTs
* Gross yield: 5.34%

A summary on the portfolio can be retrieved on request.

Ves-DY1-024

 

Local info for DY1

Floor plan

 

Property Value Data/Graphs for DY1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Semi-detached house 51.1% £144,415 2.9 1.1
Flat 22.8% £98,352 1.7 1
Terraced house 7.1% £123,646 2.7 1.1
End terrace house 6.5% £138,083 2.7 0.9
Detached house 6% £252,268 4.1 1.6
Other 2.7% £125,989 2.4 0.8
Land 1.1% £372,500 0 0
Town house 1.1% £161,000 2.5 1
Studio 0.5% £84,500 0 1
Cottage 0.5% £249,950 3 1
Detached bungalow 0.5% £250,000 3 2

Area Information

Average Price Paid

£142,889

Sales

2232

Current Average Value

£141,449

Value Change

£1,440 1%

 

Current Asking Prices in DY1 Average: £141,449

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £113,983 (32) £151,137 (87) £203,073 (13) £263,749 (4)
Flats £85,382 (14) £99,440 (26) £175,000 (2) - -
All £85,382 (14) £107,464 (58) £151,673 (89) £203,073 (13) £263,749 (4)

Nearby Properties

5 bed Detached house () Speedwell Gardens, Brierley Hill, West Midlands DY5 £264,950
3 bed Semi-detached house () Vicarage Road, Wollaston, Stourbridge, West Midlands DY8 £425,000
3 bed Semi-detached house () Ash Crescent, Kingswinford, West Midlands DY6 £150,000
2 bed Terraced house () Cottage Street, Kingswinford, West Midlands, . DY6 £130,000
2 bed Bungalow () King Street, Wollaston, Stourbridge, West Midlands DY8 £250,000
Property information powered by Zoopla