Shangri-La At A Very Reasonable Price. 2 Bed End Terraced House With Yields Of 7.78%.

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A two bedroom end terraced house, Cavendish Road, Walsall, WS2. The asking price is in the region of £80950 with Connells (01922 716 026).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/38932286

It is said that the three most desirable attributes of a property are location, location, location…Enough with the soundbites, but in this particular case, the location is absolutely spot-on. Close enough to Walsall town centre and located on the border of the burgeoning Reedswood estate. Quick and easy access to the M6, Reedswood Retail park on Reedswood Way, over a dozen schools plus numerous healthcare and sports facilities.

Lets’s get inside and get up close and personal.

I would definitely say this is a very much a work in  progress and as it stands is about halfway done. Redecoration is the name of the game here with additional flooring required. Remember, you have to imagine how it’s going to look after refurbishment, rather than how it looks now.

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Hidden away in the back is where the little surprise is for all of you sun worshipers. A really nice and spacious conservatory, overlooking the garden. I would recommend relaying the lawn as in its current state it looks rather worn and tired. The tree line at the back and side makes a nice secluded border and the shrubs on the opposite side give it a kind of oriental feel. I’m just waxing lyrically of course, but I reckon with a nice water feature and a little imagination, you could create a little slice of paradise away from the outside world…Well, you get the picture.

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…And you can even park your car off-road!

Splash a bit o’ cash to get the property up to spec then you are positioned for potential yields of 7.78%. What about capital growth, I hear you ask? Absolutely…If this property achieves its current asking price, this would mean that since 2001 it has almost doubled in value!

If you wish to discuss this property further and have a detailed discussion about my opinion and thoughts of whether this is the right investment for you, please feel free to get in touch.  I am happy to share my opinion on any other property or properties you are thinking of purchasing.  Just send me the link.

Phone: 01922 311016

Email: salekm@ashmorelettings.co.uk

 

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