Studio

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Studio

Carnegie Avenue, Tipton DY4
£45,000

Our Summary

  • Great investment Opportunity

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: This purpose-built one-bedroom studio apartment is located in a prime location in Tipton, with all local amenities within walking distance. The property was refurnished in 2020 and features a bedroom/living area, wardrobe hallway, kitchen, and bathroom with shower cubicle. With a net rental income of £4,620 per annum, the property offers a substantial return of 8% annual rental yield. The current tenant has been in the property since 2020, and the lease length is 79 years, due to expire on June 23, 2102. The property is perfect for experienced or first-time investors, with a current rental value of £373 per month and potential to achieve £400 per month with working tenants.