1 bed Studio

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. Loft Installation installed 2017. 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. This property is perfect for experienced or first-time Investors, offering an approximate net rental income of £4,680 p.a giving a substantial return of 8% yield (based on annual cost at £1000). Auctioneer comments This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.