3 Bed Semi with Potential in Walsall Wood, WS9 – Yields of 5.0%

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This 3 bed semi detached home is situated on Prince Street, Walsall Wood, Walsall, WS9.  On the market with our friends at Goodchilds (01543 526869).  Priced at £154,950.  Full details can be found by following the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38852127

Those of you that know me, you know how I like my stats!!  So as I was trawling through the WS9 postcode stats I noticed how prices for 3 bed semi’s in this postcode area had increased over the past 12 months by a healthy 7.04%.  This grabbed my attention as it is one of the postcodes which has helped to maintain the average price increase for properties in Walsall to a decent level against the overall figure.

Looking at some of the properties for sale in this area I came across this one which I thought would be a good potential buy to let for initially, a decent rental yield however, most importantly I feel with a little investment this could provide great capital growth for the future.

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The property looks well maintained and in good decorative order although I would make some minor adjustments for the current rental market.  It has a substantial rear garden and is situated just a short drive from the town centre.  Nearby schools include the Shelfield and Shire Oak Academies.

What I really like about the property is that given the above stats with regards to the recent capital growth, there is potential for improving by way of an extension to the side.  The garage space could be used to make applications for either a side or a first floor extension (depends on your budget of course).  You will not only add immediate value to the property but this could prove really fruitful in the not too distant future!!

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With the changes to legislation regarding stamp duty (to be discussed in a later article), I think this makes a great investment for any investor/ landlord.

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

 

Phone: 01922 311016

Email: salekm@ashmorelettings.co.uk

 

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