1 bed (for sale) Dingle Close, Dudley DY2

£1,225,000
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The Property Shop
Northfield House, 176 Lower High Street, Stourbridge, West Midlands
01384 592563
First Published

23rd Jan 2019

Last Published

27th Feb 2019

 

Features

  • Type:
  • Bedrooms: 1
  • Listing status: sale
  • Country: England

Description

A fantastic opportunity to acquire a large portfolio of six residential properties that are let on 5 years fully repairing leases to a registered community interest company. The leases include an automatic annual rental increase of £100pcm per property. The six properties are on (please note the first three properties listed are also available as a portfolio of three properties, the final three properties will only be sold as part of this portfolio of six properties) Vicar Street, Dudley, DY2 8RG, Waverley Street, Dudley, DY2 0YE, Watson Green Road, Dudley, DY2 7LR, Summerfield Road, Dudley, DY2 8JY, Bourne Street, Dudley, DY2 7AL and Dingle Close, Dudley, DY2 8AG. The combined monthly income generated is £5,545 (£66,540 per annum) which based on the asking price offers a potential net yield of 4.75%

Vicar Street

This is a six bedroom mid terraced room. Currently generates £950 pcm

Waverley Street

This is a 5 bedroom semi-detached property. Currently generates £870 pcm

Watson Green Road

This is a 4 bedroom detached property that currently generates £850 pcm. There is planning permission in place (P15/1275) for the demolition of the garage a two storey extension.

Summerfield Road

This is a 6 bedroom semi detached property with a hmo licence that currently generates £1050 pcm

Bourne Street

This is a 6 bedroom terrace property with a hmo licence that currently generates £950 pcm

Dingle Close

This is a four bedroom detached house that generates £875 pcm

 

Local info for DY2

 

Property Value Data/Graphs for DY2

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Semi-detached house 31.1% £144,277 2.8 1
Terraced house 20% £111,212 2.5 1.1
Detached house 15% £282,496 3.6 1.2
Flat 15% £90,496 1.7 0.9
End terrace house 10% £123,597 2.7 1.2
Other 2.2% £159,988 2.8 2.3
Detached bungalow 2.2% £218,725 2.8 1.3
Town house 1.7% £146,650 2.7 1.3
Block of flats 0.6% £2,100,000 10 0
Cottage 0.6% £160,000 2 2
Bungalow 0.6% £225,000 2 1
Land 0.6% £100,000 0 0
Mews house 0.6% £137,500 3 2

Area Information

Average Price Paid

£126,196

Sales

2165

Current Average Value

£161,422

Value Change

£35,226 27.9%

 

Current Asking Prices in DY2 Average: £161,422

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses - £116,572 (47) £154,803 (82) £264,660 (15) £386,990 (5)
Flats £63,300 (8) £101,947 (19) - - -
All £63,300 (8) £112,362 (66) £154,803 (82) £264,660 (15) £386,990 (5)

Nearby Properties

3 bed Semi-detached house () Wulfruna Gardens, Finchfield, Wolverhampton, West Midlands WV3 £220,000
3 bed Semi-detached house () Kendlewood Road, Kidderminster DY10 £185,000
4 bed Semi-detached house () Bolton Road, Wolverhampton, . WV11 £170,000
2 bed Semi-detached house () Kenilworth Crescent, Walsall WS2 £125,000
3 bed Semi-detached house () The Crescent, Walsall WS1 £250,000
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