Well, this one is right out of the bargain bin and by the looks of the photos with good reason. No point in sugar coating this one, the required upgrades are blindingly obvious. However, the upside is that it is in the heart of a popular area for rented accommodation and the rewards are a very nice yield as well as a potential in capital growth.
The location additionally benefits from being within easy reach of junction 9 of the M6 and in the vicinity of other major transport routes leading to Walsall, Willenhall and Wolverhampton town centres. There is also a wide selection of schools within a mile including the Grace Academy.
The current asking price is £75000 and based on a rental of £495.00 pcm will return a yield of 7.920%. The appraised rent on this is average for the area. There is double glazing and gas central heating. The capital growth potential is a phenomenal 61% increase over the last 15 years.
Currently on offer with Connells (0121 411 0017) click here for details http://www.zoopla.co.uk/for-sale/details/39760217.
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