1 bed flat for sale

728 Parkfield Road, Wolverhampton, West Midlands WV4

Guide Price = £15,000-£30,000

**For Sale By Public Auction 27th May 2026 09:30 am. To inspect the legal documents for this property go to our website to download the legal pack**

A Vacant Ground Floor Studio Flat

Tenure
Leasehold. The property is held on a 120 year lease from 30th December 1981 (thus approximately 75 years unexpired).

Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Phoenix Park are within easy reach. Transport links are provided by Wolverhampton rail station.

Description
The property comprises a ground floor studio flat situated within a purpose built block arranged over ground and first floors.

Accommodation
Ground Floor
Studio Room
Kitchen
Bathroom

Further Information
When purchasing a flat that has a short lease, it is important to understand that in addition to the purchase price, if you wish to extend the lease to 90+ years, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price for the extension. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price. If you do not fully understand this process, please ask the auctioneers or a solicitor.

EPC Rating
D


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