A two bedroom terraced house in the Birchills area of Walsall, WS2, listed today! A very nice spec here and one that can be let as is, but as you know, there is always room for improvement. The asking price is £80000 and on first glance appears to be a bargain at that price. The location is ideal for local schools, all within a mile. Healthcare amenities such as doctors, dentists and chemists are also within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre less than a mile away. There is double glazing, gas central heating and parking is on-road. I would urge a viewing sooner as soon as you can.
Based on the current asking price you can expect a rental yield of 7.12% on a pcm of £475.00. The appraised rent is average for the type and area. But, Salek, I hear you cry! There are two other properties on the very same street as this one and they are going for a lot more, that’s what I want to achieve! You know what? I agree with you, that’s what we all want to achieve. However, in this instance as far as I’m concerned these asking prices are far too high. For one, they are not of any better spec than the one I am highlighting and for another, you can rent a three bed for a lot less! Sure, you can market it at £550.00, but how long do you think it will take to let it at that price, when you can rent a three bed for less? Food for thought.
Currently on offer with Bairstow eves (01922 312 791) click here for details http://www.zoopla.co.uk/for-sale/details/40871331.
Please contact me when you are ready to discuss whether this is the right investment for you, I would be glad to help in any way I can.
Phone: 01922 311016