Another attractively priced traditional terraced house. I would suggest before letting that the décor be upgraded and also changing the flooring to a hard wearing type. The location is ideal being about two miles from M6 junction 9 and in the vicinity of other major transport routes leading to Walsall, Wednesbury and West Bromwich town centres. There is also a wide selection of schools within a mile radius including Palfrey Junior School and Joseph Leckie Academy.
The current asking price is £75000 and based on a rental of £450.00 pcm will return a yield of 7.20%. The appraised rent on this is average for this property type in this area. There is double glazing and gas central heating throughout. Interestingly, this property seems to have been on the market for about 18 months, so the vendor seems to be struggling to sell and indeed the price has been reduced recently by almost 17%. On the face of it a bargain to be had methinks.
Currently on offer with Homepoint of Walsall (01922 312 002) click here for details http://www.zoopla.co.uk/for-sale/details/37966615 and I would urge you to arrange a viewing.
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