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Carnegie Avenue, Tipton, DY4 8SX

Key features

  • Great INVESTMENT Opportunity!
  • Top Floor Studio Apartment
  • Room used for Lounge/Bedroom, Open plan Kitchen area, Bathroom, Wardrobe/hallway
  • Ideal Location to motorways & amenities
  • Low Management/Ground rent cost
  • Electric Heating
  • Communal Garden
  • EPC D
  • 2017 New Loft Installation
  • Ideal Commuting to Birmingham, Wolverhampton, Walsall

Description

John Miller is Pleased to offer this purpose-built by Barratt Homes, Top floor one Bedroom Studio apartment situated in a cul-de-sac in the prime location of Tipton.

Property Consisting of Bedroom/Living area, wardrobe hallway, Kitchen, bathroom with shower cubicle. Property was refurnished in 2020 and Loft Installation was installed 2017.

It is situated in a prominent location, where all the local amenities are within walking distance. With good public transport and motorway links. Is approximately 3 miles from West Bromwich High Street and Town Centre.

The vendor has verbally informed us:
*Leasehold Property with approx 99 years left on the Lease
*Ground Rent is £30 p/a & there is no Service Charges
*Currently tenanted with a rental income of £385 PCM
This property is perfect for experienced or first-time Investors, offering a net rental income of £4,620 p.a giving a substantial return of 7% annual rental yield. The current tenant has been in the property since 2020.
EPC D

Council Tax Band: A (Sandwell MBC)
Tenure: Leasehold (99 years)
Ground Rent: £30 per year
Service Charge: £188 per year
Lease length to be confirmed with the lease but should be 99 Years approx.
There are extra charges to services charges for communal maintenance and electric usage which get split between all owners and can arrange from £6 -30.

Entrance hall

Communal entrance through the main building door, through the stairs to the top floor.

Living Room & Bedroom

Laminated Flooring, Double Glazed Window and Gas Central Heating.

Kitchen

Mixture of wall, base and drawer units with complimentary Worktops & Integrated Hob and Oven. Tiled splash prone area, Double Glazed Window, Laminated Flooring and Gas Central Heating.

Bathroom

Wash Basin, W.C, good sized Shower cubicle tiled throughout, Double Glazed Window and Gas Central Heating.

Communal Garden

Rear garden, has amenities and green space within walking distance.

Nearby Train/Tram Stations & Schools

Nearby transport
• Dudley Port (0.1 miles)
• Tipton (0.7 miles)
• Coseley (2.0 miles)
• Birmingham International Airport (13.7 miles)

Nearby schools
• Sacred Heart Primary School (0.2 miles)
• St Martin's CofE Primary School (0.4 miles)
• Alexandra High School and Sixth Form Centre(0.6 miles)
• Jalaliah Educational Institution (0.1 miles)

Tenure

The Agent has not checked the legal documents to verify the Freehold/Leasehold status of the property. The buyer is advised to obtain verification from their Solicitor or Surveyor.

We have been verbally informed by the vendor:
*Leasehold property with a Lease Term of 100 Years
*Ground Rent £30 p/a no Service Charge

Rental Information

Currently tenanted with a rental value of £86 PW or £373 PCM, with working tenant rental value could be achieved around the £400 PCM mark.

This property is perfect for experienced or first time Investors, offering a net rental income of £4,476 p.a giving a substantial return of 9.96%.

Council Tax Information

Brand A £926.81

Making An Offer

In order to clarify the process, all offers should be either confirmed in writing or telephoned through to the relevant office.

We will need to verify your buying position and ability to proceed, therefore if you require a mortgage we will ask to see a copy of your Mortgage Certificate. If this is not available, you will be contacted by our Financial Advisor to confirm your ability to proceed, although you are not obliged to use the services of our Financial Advisor.

If you are a cash purchaser, we will require proof of funds for our records.

Fixtures & Fittings

Items shown in photographs are NOT included unless specifically mentioned within the particulars. They may however be available by separate negotiation. The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A buyer is advised to obtain verification from their Solicitor or Surveyor. References to the tenure of a property are based on information supplied by the seller. The agent has not had sight of the title documents. A buyer is advised to obtain verification from their solicitor.

Viewings

Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.

This property is currently tenanted and we have only selected days and times we can arrange viewings. please contact us for the availability on .

Our office is open 6 days a week, Monday to Friday 9.00am till 5.30pm and Saturdays 9.00am till 2.00 pm

Paperwork proof of funds required Part 1

We will need to verify the buyer's position and ability to proceed, therefore if you require the following;
1: If Mortgage; Then copy of your Mortgage Certificate ie mortgage in principal. If this is not available, you will be contacted by our
Financial Adviser to confirm your ability to proceed, although you are not obliged to use the services of our Financial Adviser.
But we can offer their services for free advice, they shall confirm their fees directly with you. There are discounts available via
our brokers as they are independent and have access to various deals (please note we do get a referral fee).

Paperwork proof of funds required Part 2

2: We do require proof of your cash deposit or gifted funds, this can be in form of bank statements, must have the client's full contact details on ie name & address. If recent funds have been deposited in the account, then we shall require where these funds had come from original for money laundry proposes.

3: Cash purchaser, we will require proof of funds, if recent funds have been deposited in the account, then we shall require where these funds had come from original for money laundry proposes.

4: ID of all parties who shall be purchasing the property ie driving license and passport. These can be emailed alongside your offer, failure to do so can result in your offer not being processed in time and you may lose out on the property. Our Money laundry officer needs the following documents to sign off your offer before we process this to the owners.

Brochures

Brochure

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

£30 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.

ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

£188

LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

99 years left

Energy Performance CertificatesA document confirming the energy efficiency rating of the property.Read more about epc in our glossary page.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Band: A

Carnegie Avenue, Tipton, DY4 8SX

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Dudley Port Station0.1 miles
  • Tipton Station0.7 miles
  • Black Lake Tram Stop1.8 miles
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About the agent

John Miller, Kingstanding

440 Kingstanding Road, Kingstanding, Birmingham, B44 9SA

John Miller, Kingstanding

Efficient and forward-thinking, John Miller is ideal for anyone thinking of buying, selling or letting in Kingstanding. Opened in September 2022, our Kingstanding branch delivers a personalised and professional service to all our clients.

Committed to innovation, we use the latest marketing techniques to promote properties, ensuring they sell quickly or appeal to quality tenants.

All our team are in-touch with the latest industry trends and have an in-depth knowledge of the West M

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Disclaimer - Property reference RS0107. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Miller, Kingstanding. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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