This 1 bed apartment is situated at The Saddlery, Leicester Street, Walsall, WS1.  On the market with Homepoint (01922 312002).  Priced at £49,950.  Full details can be found by following the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38521027

When I saw this property my thoughts immediately went to the price point.  It really is a steal for anybody wishing to invest as a part of their extensive portfolio or as a first investment.  The yields achievable is impressive in anybody’s books.  Situated in the heart of the town centre the property is ideal for the single professional.

The agent hasn’t listed any further pictures of the property without which I can’t tell what the condition is inside.  Usually that’s a sign that it can’t be pretty which means some work will be required.  Even though this may be the case I think with a small investment this property should provide a nice nest egg for someone.

Another point to note on the property is that it doesn’t have any allocated parking or at least the particulars don’t mention anything to the contrary.  As a local letting agent in Walsall we haven’t had any issues letting properties nearby in Bridge Street and Newhall Street with similar properties facing the same issue.  Given the price I think it’s definitely worth further consideration.

If you would like my opinion on any property investments please feel free to send me the link or contact me by phone.

Phone: 0345 257 9850/ 01922 637672

Email: salekm@ashmorelettings.co.uk