St annes road, Cradley Heath, West Midlands, B64

Property Details: • Type: Block of Apartments • Tenure: FREEHOLD • Floor Area: N/A

Key Features: • High Yielding Investment • Freehold Block of 6 Apartments • 10% + Yield • 6 flats

Location: • Nearest Station: Cradley Heath Station • Distance to Station: 0.21901079723594627 miles

Agent Information: • Address: Liverpool

Full Description: An excellent opportunity to acquire a fully-let freehold block of six self-contained residential flats, prominently positioned on the High Street in Cradley Heath, within easy reach of the train station, bus routes and local supermarkets. <br /> <br />Arranged over three storeys, the building comprises a mix of one- and two-bedroom units, each benefitting from separate council tax bands and individual utility meters. The property is sold with tenants in situ, providing an immediate and established income stream. <br /> <br />The block currently produces £46,500 per annum, with potential to increase to approximately £50,000 per annum over the next 12 months, offering an attractive gross yield in excess of 10% <br /> <br />All occupiers have been in residence for over five years and are considered long-standing and reliable tenants. <br />All have own meters, all pay own council tax and all bills. <br /> <br /> <br />Key Features <br /> * Freehold residential block <br /> * Six self-contained flats <br /> * Mixture of one- and two-bedroom units <br /> * Arranged over three floors <br /> * Fully tenanted - sold with tenants in situ <br /> * Separate council tax bands and individual meters <br /> * Prominent High Street location <br /> * Close to train station, bus station and local amenities <br /> * Immediate income-producing investment <br /> * Attractive gross yield of approximately 10% + <br /> <br /> <br />Tenancy Schedule <br /> * Flat 1 - Studio - £550 pcm <br /> * Flat 2 - One Bedroom - £600 pcm <br /> * Flat 3 - One Bedroom - £650 pcm <br /> * Flat 4 - Two Bedrooms - £675 pcm <br /> * Flat 5 - One Bedroom - £700 pcm <br /> * Flat 6 - One Bedroom plus Store - £700 pcm (store offers potential for conversion to a further flat) <br />Total income £3,875 PCM - £46,500 per annum <br /> <br />Sold by Auction 9th April 2026 <br /> <br />Buy below market value. Simple. Secure. Transparent. Certain : The auction advantage <br /> <br />If you Need more time than the standard 28 day completion; <br />Then opt for Henry Sykes FlexiReserve. This offers a more relaxed way to buy at auction. exchange contracts to secure your purchase as normal, then have up to 90 days to complete-giving you time to organise your finances and handle personal matters without pressure. <br /> <br />It's auction buying made simpler, clearer, and more accessible. <br /> <br />If you Need a mortgage; <br />With Henry Sykes FlexiReserve, we make the process simpler from the start. You'll have up to 90 days to complete, giving you time to arrange your mortgage, and complete legal work, without unnecessary pressure <br />You can purchase with as little as a 5% deposit and a 95% mortgage*, and 25%* for Buy To Let investment properties, helping make your purchase more achievable. <br /> <br />Buy below market value. Simple. Secure. Transparent. Certain : The auction advantage <br /> <br />For buyers, auction creates genuine opportunities to purchase property from motivated sellers who value speed, clarity and reliability above achieving the absolute highest price. <br /> <br /> <br />Across many asset classes - from fine art and rare jewellery to classic cars - auctions are the preferred method of sale for some of the most valuable items in the world. Experienced buyers understand the advantages of this environment. The process is transparent, competitive and decisive, with every participant seeing the same information and competing on equal terms. <br /> <br /> <br />Property auctions operate on exactly the same principles. <br /> <br />There are no drawn-out negotiations, no hidden offers behind closed doors, and no risk of a deal collapsing months later. Buyers decide their price, place their bid and remain in full control of the process. <br /> <br />For many experienced investors and property buyers, auctions represent one of the clearest and most efficient ways to acquire assets. The process rewards preparation, confidence and the ability to recognise opportunity. <br /> <br />Auctions therefore offer a transparent and efficient marketplace where both buyers and sellers benefit from a clear, fair and decisive process. <br /> <br />The biggest opportunities often appear where others hesitate <br /> <br /> <br />Call or email and we can run you through the process