A two bedroomed terraced house on Rugeley Road, Chase Terrace, WS7. There doesn’t appear to be many improvements to make apart from a few minor decor changes. However, the major focus needs to be the rear garden. It isn’t a large garden so the cost can be kept to a minimum.
A nicely sized property with living and dining area. The kitchen is of modern design and has space for white goods. The two bedrooms are of comparable size and large enough for double beds and plenty of storage. The parking is on-road by the looks of things. The property is finished off with double glazing and gas central heating throughout.
Located in the former mining village of Chase Terrace situated by Sankey’s Corner, the heart of the village itself and bordered by the villages of Boney Hay and Burntwood. The road networks close by are the A5 & M6 Toll and within easy reach of Cannock and Lichfield town centres. There are many schools within the area including the Erasmus Darwin Academy and many other healthcare and sports facilities available.
The current asking price is around £110,000 and is average for the type and area. I have gone with an appraised rental of £550.00 pcm (yielding 6.00%) due to the type of property it is. Higher yields can be gained for larger properties such as detached, semis and bungalows.
Currently on offer with Lovett & Co of Lichfield (01543 526 007) click here for details http://www.zoopla.co.uk/for-sale/details/35562933 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