A traditional mid-terraced house in a popular area for rented accommodation in Walsall. It’s yet another property billed as a buy-to-let investment by Goodchilds of Bloxwich (01922 312 016). It’s a medium spec property and doesn’t need anything doing to it from what I can see of it, there being no photos of the bedrooms and can be let as is as far as I am concerned. Though gas central heating is stated, there is no mention of whether there is double glazing. There is a shower mixer tap, but it could really do with a fitted electric shower and screen.
Modern style kitchen, bathroom and a very nicely presented rear garden. The parking is off-road. Located in the heart of Caldmore/ Palfrey areas of Walsall and close to local schools, healthcare and other amenities. The major transport routes are easily accessible.
Goodchilds state that the current achievable rent is £475.00 as that is what is being achieved currently. It is not clear whether the current in-situ tenant comes with the property post sale. However, I Have an issue with the stated rent and think that £525.00 is more of an achievable rent for a property of this type, spec and location. If the current asking price is achieved and the pcm rent is £525.00 this will return a yield of 6.63%.
Click here for details http://www.zoopla.co.uk/for-sale/details/39909283 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