A three bedroom semi detached house the Wednesbury area of Walsall, WS10. Surprisingly, the listing doesn’t state that the property requires modernisation, when it clearly does! Additionally, there are no photos of the bedrooms and the bathroom, so a viewing is absolutely essential. “Wiggle room” is the key phrase here and the seller may be flexible on the price since upgrading is an absolute necessity. Within a mile there are a good selection of education facilities including The Stuart Bathurst School of Performing Arts and The Wood Green Academy. There are also many healthcare, food stores and leisure facilities available nearby. Transport services are very good with bus routes and major road networks adjacent lending easy access to Walsall, Darlaston, Wednesbury, Willenhall and Wolverhampton town centres. There is double glazing, gas central heating, but as to whether this is full or partial is unclear. However, there is off-road parking.
The current asking price is in the region of £89950 and based on a rental of £575.00 pcm will return a yield of 7.67%. 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 (0121 411 0017) click here for details http://www.zoopla.co.uk/for-sale/details/40536729.
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