A two bedroom terraced house in the Bloxwich area of Walsall, WS3. Billed as a suitable buy-to -let, however the agent has failed to provide any internal photos. The description states that it is well presented and well maintained. One can only assume that the spec is of a sufficient standard, but as I always say, ‘That’s what viewings are for’!. The asking price is average for this type of property in this area. The location is ideal for local schools and many are within a half mile distance including the Walsall Academy. Healthcare amenities eg doctors etc are also nearby. Transport services are very good with bus routes and major road networks adjacent lending easy access to Walsall town centre, Pelsall and Willenhall. There is double glazing, gas central heating and parking is on-road.
The current asking price is £95000 and based on a rental of £475.00 pcm will return a yield of 6.00%. The appraised rent is based on the information I have to hand. In order to check out the property in detail, I would urge an immediate viewing to see if the claims the agent makes are correct and that it is “Well presented and maintained”. If the figures stated are correct then the capital growth on this one is a staggering 80% in the last 19 years.
Currently on offer with Goodchilds (01922 312 016) click here for details http://www.zoopla.co.uk/for-sale/details/40457020.
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