I originally wrote about this property way back in April of this year and am still surprised to see it being advertised for sale. Originally listed in April 2015, so it has been on the market now for 18 months and has had 5 price changes in that time. Starting at 100k, rising to 120k and then back down to its original starting point of 100k, so it’s had a bit of an identity crisis for the first 6 months.
So, why hasn’t it sold? To be honest, I don’t know. The price is reasonable and below average for a property of this size and area and the price has been stable for the last 12 months, despite its roller coaster ride for the first 6 months.
It has a very nice spec with a refitted modern kitchen and bathroom. Some decor changes may be in order, but are not essential. There is double glazing and gas central heating. There are two reception rooms, one of which can be utilised as a dining room.
The rear garden has plenty of space and is low maintenance. The front “garden” is basically curtilage car parking. There are two double rooms and a single. The third bedroom could physically house a double bed, but that is all you would probably get in there. Located in the heart of Palfrey, a very popular area for rented accommodation.
There are good selection of local schools including the Joseph Leckie Academy only half a mile away. Walsall town centre is within easy reach and junction 9 of the M6 a short drive away.
The rental value on this would be in the region of £525.00 pcm and If the property sells at the current asking price, this would mean a yield of 6.30%.
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