55- 57 Newbridge Crescent, Newbridge, Wolverhampton, WV6 0LH

Full Property Description:

An opportunity to acquire the freehold interest in a pair of Victorian semi – detached properties arranged to comprise seven self-contained apartments, all currently let on Assured Shorthold Tenancies. Total Current Rent Received £50,460 per annum (potential to increase).

There is scope to develop the property further to increase the amount of accommodation provided and there is also the potential to develop the land to the rear, subject to gaining planning permission and all the usual necessary consents.

55, Flat 1 – AST from 28th July 2022 - £695pcm - EPC D
55, Flat 2 – AST from 28th August 2017 - £700pcm - EPC E
55, Flat 3 – AST from 2nd August 2018 - £700 - EPC E
57, Flat A – AST from 17th November 2006 - £560pcm - EPC E
57, Flat B – AST from 27th May 2019 - £600pcm - EPC D
57, Flat C – AST from 28th February 2025 - £750pcm - EPC D
57, Flat D – AST from 19th September 2011 - £555pcm- EPC E

Location

Newbridge Crescent lies just off the Tettenhall Road (A41) in a particularly convenient situation. The property stands next to Newbridge Lawn Tennis and Squash Club and within walking distance of the shopping facilities available within the Newbridge parade, the further amenities afforded by Tettenhall Village and Wolverhampton City Centre are within convenient travelling distance and the open spaces of both the Upper and Lower Greens are nearby as are the canal and railway walks.

Description

The property comprises a pair of semi-detached houses providing accommodation over four storeys. There are currently seven self contained apartments and each benefits from double glazing.

The properties stand behind a large frontage providing a parking space for each apartment and there are large gardens to the rear. There is a total plot size of approximately 0.46 acres in total.

There is vehicular access, and also two garages, to the rear and there is the potential for further development of the site, subject to the grant of planning permission and obtaining all of the usual consents and permissions.

Services

We are informed by the Vendors that mains water, drainage and electricity are connected and heating is via electric storage heaters
COUNCIL TAX BAND
55 Flats 1,2,3 council tax band B – Wolverhampton
57 Flats A,B,C council tax band A – Wolverhampton
57, Flat D council tax band B – Wolverhampon
VIEWING - Please contact the Tettenhall Office.
The property is FREEHOLD.
Broadband – Ofcom checker shows Standard, Superfast and Ultrafast are available
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Ofcom provides an overview of what is available, potential purchasers should contact their preferred supplier to check availability and speeds.
The long term flood defences website shows very low risk.