A standard terraced house with a modernised kitchen and certainly not much to look at from the outside, but sometimes this blinds us to the rental potential. Talking of modernisation, the decoration could do with updating. However, in general a good sized property with three double bedrooms, double glazing and gas central heating. Acceptable as it stands, but as I always say, there is always room for improvement. It doesn’t have to cost a fortune as sometimes a little says more. For starters the kitchen has been modernised and it stands to reason the rest of the property should follow suite (Did you see what I did there?).
Located in the centre of what is known as the Old Hall estate in Bentley, the area has been the subject of some serious property regeneration and is close to the major road networks including the M6 junction 10 about a mile away. The current asking price is around £100000 and based on a rental of £525.00 pcm will return a yield of 6.30%. Interestingly the property has only been on the market for a week and already and has been reduced by £10000. But despite this if the property sells at the current asking price there is capital growth to be had, a £13000 increase in 5 years.
Currently on offer with Dixons of Willenhall (01902 596 628) click here for details http://www.zoopla.co.uk/for-sale/details/39744799 or call them to arrange a viewing, I highly recommend it.
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