The Key To A “Lettable Standard”. One Bedroom Maisonette, Cedar Road, Burntwood, Walsall, WS7 With Yields Of 6.75%.

 

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A one bedroom maisonette, Cedar Road, Burntwood, Walsall, WS7. The asking price is in the region of £79950 with Chariot Estates of Burntwood (01543 526 005).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/38010900

It’s a question I get asked a lot by landlords and that question is, “What improvements do I need to make to my property in order to let it”…Or words to that effect.

There are many facets to consider of course, but the best way for me to answer that very question is to show you. The property highlighted in this article is an excellent example of what a lettable standard is.

Let’s start with the kitchen and hallway. In the kitchen even though the flooring is dark in colour and the ingress of light looks like is through only one window, look how light, clean and spacious it is. The flooring is hard wearing and easy to keep clean. Plenty of modern style units for storage and thought has gone into the provision of space for white goods. I’m not too keen on the “snazzy” wall tile transfers, but that’s just a personal preference.

The hallway is long and narrow without its own natural light source. But once again the decor carries it of perfectly. You wouldn’t believe the amount of internal hallways I’ve seen that are so dark and dingy…However, look at what can be achieved and a big thumbs up for the laminate, always a winner for me.

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Next up are the bathroom and bedroom. No bath? a negative? Perhaps…However, even if this particular property had a bath, I would still recommend the inclusion of a shower as well. Expectations these days kind of demand that properties have a shower as a minimum requirement, whether there is a bath included or not. Additionally, the bathroom is quite small and if there were a bath in-situ, a lot of space wold be lost. Therefore, overall I think the space has been utilised well and the inclusion of a vanity unit for the wash hand basin is a very nice touch. The bedroom is a decent size and with the addition of a fitted wardrobe ensures extra storage space. The mirrored doors give that feeling of extra light and space as well. I wouldn’t have chosen carpet personally, but it’s not going to stop this property being snatched up by a would-be renter.

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Last, but not least is the rear garden. Not the best feature of the property, but certainly room for improvement. Perfect for the non-gardeners as it’s very low maintenance. Lack of privacy down the one side is not ideal, however with the addition of the right height fence, this little issue can be remedied, I’m sure.

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There is also off-road parking.

The property is located right in the centre of Burntwood very close to Sankey’s Corner and the local amenities. It is also not far from the major road networks leading to the M6, M6 toll, Cannock, Lichfield and Walsall.

Please also note that the tenure of this property is leasehold with 103 years left remaining on the current lease.

The property has been finished to a very high standard and is quite literally “Ready to go”! It shouldn’t have any difficulty reaching £450.00 pcm yielding 6.75% at the current asking price. Not a contender for a capital growth award, however interestingly the asking price has already been reduced some 3 months ago…So, there maybe more “Wiggle room” yet available.

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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