2 Bed Maisonette with sitting tenants – potential yield of 6.4%

Thorncroft Way - 2 Bed Kitchen

Thorncroft Way, Yew Tree, Walsall, WS5 is on the market with Shipways (0121 659 1499) at £80,000

http://www.zoopla.co.uk/for-sale/details/photos/36422634

The Yew Tree area of Walsall has been the focal point of regeneration for the past 15-20 years now.  Development is still ongoing with new housing nearby which is a good indicator of potential capital growth.  This property was on the market in March 2015 with an asking price of £100,000 recently reduced to £80,000.  Looking at the pictures I would suggest that very little is required by way of improvement to the property and an astute buyer would look to negotiate further on the price.

With sitting tenants the property would appeal to the first-time investor or a young family looking to get onto the property ladder.  A potential yield can be achieved of 6.4% as we are currently managing property of the same in the same street.

If you are thinking of buying in Yew Tree or South Walsall why not get in touch to run any potential purchases past me. Drop me an email to salekm@ashmorelettings.co.uk or call 0345 257 9850.

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