A traditional two bedroom terraced house in the Chuckery, Walsall, a popular area of Walsall for rented accommodation. Unfortunately, there are no photos of both bedrooms or the rear garden. However, by the look of the spec and what you can see, it would be prudent to arrange a viewing. The décor would need to be changed. The current occupiers obviously have made it their home, but for a long term rental, it really needs changing to a more neutral colour scheme. The location is ideal for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools being just half a mile away). Healthcare amenities such as doctors, dentists and chemists are within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre just a mile away. There is double glazing, gas central heating and parking is on-road.
The current asking price is around £95000 and based on a rental of £475.00 pcm will return a yield of 6.00%. The appraised rent is based on its current spec. If the property is upgraded then I would confidently predict pcm rentals to be a minimum of £495.00. Capital growth is in the region of 32% for the last 12 years.
Currently on offer with Bairstow Eves (01922 312 791) click here for details http://www.zoopla.co.uk/for-sale/details/40413031 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