Overview
- Updated On:
- 16 April 2025
- Property ID
- 94875
Description
Freehold Block of 8 Apartments
Eagle Court is an 8-unit block of 2-bedroom apartments, all held under a single freehold title. Located in Wolverhampton, this property offers a fantastic opportunity for investors or developers who are willing to take on a project and unlock its true potential.
The block requires significant work to bring it up to modern standards, but the possibilities are there for someone with the vision to see them through.
Current Rental
Each 2 bedroomed apartment is currently being rented for £600 pcm
This equates to £4,800 pcm for all apartments and £57,600 per annum gross
This is generating a 7.2% yield based on the figure advertised of £800,000
Opportunities for adding value include:
Full renovation of the existing apartments.
Potential to add an additional floor for 4 extra flats (Lapsed Planning REF: 09/00019/FUL).
Replacing the current flat roof with a pitched roof for a more appealing look and added durability.
This is a straightforward property with plenty of scope for improvement. If you’re looking for a project with potential, Eagle Court could be the right fit.
Rent can be uplifted to £800+ pcm per Apartment
Above Rents would create £76,800+ per annum rental and yield would be 9.6%
Contact us to arrange a viewing.
