This 2 bed end terrace house is situated on Beddows Road, Blakenall, Walsall, WS3. On the market with the developer Lovells, Walsall (01922 312834). Priced at £124,950. Full details can be found by following the link below:
Its no secret that I like new builds for rental especially, one that will give you a decent yield today and bring about some great projected capital growth for the future. I have written some previous articles on the regeneration focused by the local authority and developers alike in the north part of Walsall. Read on to learn why I think this property is a good buy to let investment….
Homes that are new build, if built well, can give you at least 10-15 years of worry free and low maintenance returns. We all know that whilst the gross yield can look exceptionally good at the start of the year, this could diminish very quickly if you have a property which requires a few maintenance jobs. Net yields can quickly go into the negative which means forking out some hard earned dough from your’e own pocket to plug the holes!!
Blakenall has already undergone some huge amounts of regeneration. Over the past 10-15 years the surrounding area has seen some of the largest regeneration schemes involving the building of new homes making some areas unrecognisable from the recent past. The WS3 area has had 420 property sales in the last 12 months with the average house price increasing by 7.2% from £133,100 to £149,500. This property in Beddows Road is already below that average.
Generally it is difficult to find a property that provides a good balance between decent current rental yields and capital growth. I think with this property we may have found the perfect investment.
Please feel free to contact me if you wish to discuss in further detail or seek my opinion on any other property you are looking to purchase.
Phone: 01922 311016