Property Summary

This well-maintained 2-bedroom, 2-bathroom flat on Penn Road, Wolverhampton, offers an excellent buy-to-let opportunity with a current tenant in situ. The property features a lounge, kitchen, ensuite, shared front garden, and private parking, spanning 764 sq ft with a leasehold tenure and council tax band C. Currently generating an annual gross income of £11,700 with a gross yield of 8.84%, the flat presents strong investment potential with a possible rental increase to £1,100 pcm and a potential yield of 9.98%. The tenant has a long-term tenancy exceeding five years and is self-funded, ensuring reliable rental income. EPC rating is currently C with potential to improve to B.