A three bedroom end terraced house in the Coalpool area of Walsall, WS3. Billed as an investment property, however, there is only one photo showing the external front. The listing states that the ground floor bathroom has been refitted. I would advise a viewing as soon as possible to check out the property internally, after all, that’s what viewings are for, right? On the face of it the current asking price seems like a bit of a bargain being at least £5000 lower than the usual asking price for a property of this type in the area. So, it makes me ask the question, “What’s wrong with it?” Maybe nothing, but the low price and the lack of photos tends me to lean toward that it may need some upgrading. There are many schools locally and many are within a mile distance including the Elmwood School and The Croft 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, Bloxwich, Pelsall and Brownhills town centres. There is double glazing, gas central heating.
The current asking price is in the region of £85000 and based on a rental of £495.00 pcm will return a yield of 6.99%. The appraised rent is based on the information I have to hand and on the basis that the property is in a lettable standard, but if not 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 Bairstow eves (01922 312 791) click here for details http://www.zoopla.co.uk/for-sale/details/40601668.
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