A three bedroom terraced house in the Rushall area of Walsall, WS4. Billed as in need of modernisation and by the look of the available photos, they’re not wrong. Since the property is in need of upgrading there may be some “Wiggle room” to be had with the asking price. There are many schools locally and many are within approximately a half-mile distance including the Shelfield Community Academy. Healthcare amenities eg doctors, dentists 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, Brownhills leading further onto Lichfield. There is double glazing, gas central heating, but as to whether this is full or partial is unclear. However, the property description does state that parking is off-road.
The current asking price is in the region of £95000 and based on a rental of £595.00 pcm will return a yield of 7.52%. The appraised rent is based on the information I have to hand and on the basis that the property will be upgraded to a lettable spec. If you require any advice on what kind of spec to provide, I would be very happy to assist you. I would definitely urge a viewing on this one as the area does tend to attract a higher rental yield.
Currently on offer with Connells (01922 716 026) click here for details http://www.zoopla.co.uk/for-sale/details/40518039.
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