Carnegie Avenue, Tipton, DY4

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 with shower cubicle. Property was refurnished in 2020 and Loft Installation was installed 2017.

It is 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 a net rental income of £4,620 p.a giving a substantial return of 8% annual rental yield. The current tenant has been in the property since 2020.
EPC D

Council Tax Band: A (Sandwell MBC)
Tenure: Leasehold (79 years)
Ground Rent: £33 per year
Service Charge: £188 per year
Lease Length 79 Years and due on 23rd June 2102
Annual fee for provision of landlord services £33.00
Communal Electric May to Aug (quarterly) £13.10
Annual Buildings Insurance (Tysers Ltd) £166.40 from 01/07/23 to 30/06/2024

There are extra charges to services charges for communal maintenance and electric usage which get split between all owners and can arrange from £6 -30.

Entrance hall
Communal entrance through the main building door, through the stairs to the top floor.

Living Room & Bedroom
Laminated Flooring, Double Glazed Window and Gas Central Heating.

Kitchen
Mixture of wall, base and drawer units with complimentary Worktops & Integrated Hob and Oven. Tiled splash prone area, Double Glazed Window, Laminated Flooring and Gas Central Heating.

Bathroom
Wash Basin, W.C, good sized Shower cubicle tiled throughout, Double Glazed Window and Gas Central Heating.

Communal Garden
Rear garden, has amenities and green space within walking distance.

Nearby Train/Tram Stations & Schools
Nearby transport
* Dudley Port (0.1 miles)
* Tipton (0.7 miles)
* Coseley (2.0 miles)
* Birmingham International Airport (13.7 miles)

Nearby schools
* Sacred Heart Primary School (0.2 miles)
* St Martin's CofE Primary School (0.4 miles)
* Alexandra High School and Sixth Form Centre(0.6 miles)
* Jalaliah Educational Institution (0.1 miles)

Tenancy Information
The vendor has verbally informed us:
*Lease length 79 years and due on 23rd June 2102.
*Annual fee for provision of landlord services £33.00
*Communal Electric May to Aug (quarterly) £13.10
*Annual Buildings Insurance (Tysers Ltd) £166.40 from 01/07/23 to 30/06/2024
*There are extra charges to services charges for communal maintenance and electric usage which get split between all owners and can range from £6 -30.
*Currently tenanted with a rental income of £385 PCM

Rental Information
Currently DSS tenanted with a rental value of £86 PW or £373 PCM, with working tenant rental value could be achieved around the £400 PCM mark.

This property is perfect for experienced or first time Investors, offering a net rental income of £4,476 p.a giving a substantial return of 9.96%.

Tenure
The Agent has not checked the legal documents to verify the Leasehold status of the property. The buyer is advised to obtain verification from their Solicitor or Surveyor.

Council Tax Information
Brand A £926.81

Fixtures & Fittings
Items shown in photographs are NOT included unless specifically mentioned within the particulars. They may however be available by separate negotiation. The agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A buyer is advised to obtain verification from their Solicitor or Surveyor. References to the tenure of a property are based on information supplied by the seller. The agent has not had sight of the title documents. A buyer is advised to obtain verification from their solicitor.

Procedure to placing an OFFER
All Offers can be emailed or whats app to the file handler or to [email protected].

To ensure the process is completed as soon as possible, and we have your offer and paperwork before any deadlines. Furthermore, all documents must be received within the allotted timeframe for the offer to remain valid.

Failure to do so can result in your offer not being processed in time and you may lose out on the property. Our Money Laundering officer needs the following documents to sign off and verify your offer before we process this to the owners.

We will need to verify the buyer's position and ability to proceed, therefore if you require the following;

Paperwork proof of funds required Part 1
1. ID and Proof of Address within last 3 months for all Parties: For BUYER & Any Gifted Funds. We will need to verify that the buyer is legally allowed and financially capable of purchasing the property, so we will need to have the necessary identification documents like a passport and birth certificate. Proof of address; Utility Bill, Council Tax Letter, Bill.
2. For non-UK Passports, we need visa details, pre-settled status or share code, indemnity resident card
3. Proof Of Funds: We do require proof of your cash deposit; We may require 6-12 months' bank statements showing all transactions coming in. This must have the client's full contact details ie name & address. If recent funds have been deposited in the account, then we shall require where these funds had come from originally for money laundry proposes. If any funds over £1000 are gifted, we do require gifted letters.

Paperwork proof of funds required Part 3
8. Solicitor; If you have appointed a solicitor please provide their full details. Or we are confident that our selection of local and online solicitors can provide you with the best rate for your needs; and as an added bonus, the quotation will be free of charge. Our solicitors have a wealth of experience and can provide a professional and cost-effective service, making sure you get the best advice for your needs. (We do receive referral fees)
9. In order to mark the property SSTC and do no more viewings, we recommend that the buyer pay a deposit to secure the deal. The Deposit is refunded after completion 3 -4 working days. The security deposit is non-refundable if the buyer pulls out but if the owner does pull out it's fully refundable minus £100 admin charges. In addition, the deposit acts as a security measure for both parties, ensuring that the buyer is committed to the deal and that the owner will not pull out unexpectedly.

Paperwork proof of funds required Part 2
4. If mortgage purchase: Then copy of your Mortgage Certificate/AIP. With your authorisation, we can refer you to our Broker. Who can offer their services, for free advice; they shall confirm their fees directly with you. Our Financial Adviser will provide you with unbiased, independent advice to help you make the most informed decision possible. You can take advantage of exclusive discounts from our independent brokers.

Although you are not obliged to use the services with whom we have a referral fee agreement.
5. Cash purchaser: We will require proof of funds, 6-12 months' bank statements showing all transactions coming in. We understand that it is necessary to verify the origin of all funds deposited recently in order to comply with anti-money laundering regulations.
6. If the deposit is from the sale of your property, we require proof that you are selling the property.
7. Estate Agents dealing or acting on the sale and any chain details.

Viewings
Buyers must check the availability of any property and make an appointment to view it before embarking on any journey to see a property. This property is TENANTED so all availability is subject to access.

Our office is open 6 days a week, Viewing option is Monday to Friday 9.30am till 5.15pm Viewings are all pre booked we shall be offering some Saturday appointments please check with office of availability we can not guarantee Saturday slots.

We shall be carrying out block books with 10 minute time slots on this property for access to our schedule please contact our office on 0121 533 0509, mobile 07540478288 Or Email [email protected] or book via our website ww.johnmiller.co.uk

If we have a-lot of interest then we may be carrying out a open house and block bookings