This property has recently been placed on the market in the last couple of days, however most surprising of all is that this particular property was once in my rental portfolio some years ago. Unfortunately, the property listing lacks any internal photos, so I am unable to comment on the current state of the inside of the property. However, the rear garden doesn’t look like it has been upgraded in a while, so maybe the internal decoration may require some work also. But as I always say, That’s what viewings are for. It’s a medium sized 3 bed and suitable for a small family.
Located in the heart of Darlaston/ Wednesbury on a popular estate and within commuting distance of Walsall and Wolverhampton town centres plus the Black Country Route is only half a mile away. Within the catchment area for Rough Hay Primary School and Grace Academy and they are both less than half a mile away. Other schools and amenities are also available.
Listed at the current asking price of £94950. I appraise the rent at £495.00 pcm as this rent has been achieved before and is in keeping with properties of this type in the area. Rental prices have held in this area. Based on that information the yield would be 6.26%. There is some room for capital growth here too. If the property sells at the current asking price that will mean that in the last 11 years the value has increased by 7.3%
Currently on offer with Henley Charles of Birmingham (0121 659 6693) click here for details http://www.zoopla.co.uk/for-sale/details/40219674 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