At a glance
A closer look.
Location & Access
Located in West Bromwich (B71 1ED), estate position off the main high street with good local connectivity. Property offers independent utility metering and flexibility for multi-unit management.
Current Income Status
UPSTAIRS: 2-Bedroom Residential Flat - OCCUPIED & RENTED
- Current Tenant: Active, paying £900/month 1st Floor
- Downstairs Unit Vacant yet Potential Income £700 - £750 Per month
- Residential Layout: Living room (1st floor) + 2 bedrooms + ground floor kitchen/bathroom
- Access: Via side gully
- Status: Fully operational, immediate income
-
- DOWNSTAIRS: Commercial Space - VACANT
- Previous Use: Salon (30-year trading history)
- Current Status: Clean break, ready for lettings or conversion
- Independent Utilities: Separate meter installed (key advantage)
- Rental Potential (Commercial): £700/month (£8,400 annually)
- Rental Potential (1-bed Residential): £700-750/month (£8,400-9,000 annually)
- Commercial Registration: Lower stamp duty treatment on acquisition
-
- Income Scenarios
- Mixed Commercial Tax Advantage Investment Opportunity
- West Bromwich Highly Rentable Area
- DUAL-INCOME PROPERTY | 7-8% YIELD | INCOME FROM DAY ONE
- Proven income (upstairs tenant already paying)
- Separate utilities (independent metering)
- Tax Efficient — Commercial purchase saves significant stamp duty
- 2 Units Mixed 2 Bed Flat and One Commercial Unit
The property
Description.
Investment Summary
Lily Street is a working dual-income property generating £19,200-£20,000/annual.
Upstairs 2-bedroom residential flat is currently tenanted at £900/month (proven, active income). Downstairs commercial space offers flexible options: let as commercial (£700/month) or convert to 1-bed residential flat (£700-750/month). Combined income of £1,600-1,800 monthly delivers impressive 7-8% yield. Commercial Property Stamp duty advantage .
Perfect for buy-to-let investors, portfolio builders, and those seeking lower-risk dual-income properties.
Upfront information
Material information.
Tenure : Freehold
Council Tax Band : A
- Construction materials used: Brick and block
- Water sources: Mains
- Electricity source: Mains
- Sewerage arrangements: Mains
- Heating Supply: Central heating (gas)
- Broadband internet type: Others
- Mobile signal/coverage: Good
- Building Safety: None of the above
- Flooded in the last 5 years: No
- Does the property have required access (easements, servitudes, or wayleaves)?: No
- Do any public rights of way affect your your property or its grounds?: No
- Source of flooding: Others
- Does the property have flood defences?: No
- Parking Availability: No
Please check before relying: property particulars should be verified with the seller or landlord and, where relevant, the title, lease, certificates, survey, searches and professional advisers.
