2 Bed Terraced House in Bloxwich, Walsall, WS3 Yields 6.33%

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This is a two bedroomed terraced house situated on Foster street, Walsall, WS3.  On the market with Goodchilds (01922 312 016) and priced at £90000.  The full property details can be found here.

Based on the photos that are available the spec is very nice and is complemented by a refitted bathroom.  I have written in some previous articles on the regeneration in the North Walsall area and why it is a viable proposition for investing in buy to let properties.

Blakenall has undergone huge amounts of regeneration and over the past 10-15 years the area has seen some of the largest regeneration schemes involving the building of new homes making some areas unrecognisable from the recent past.  The Bloxwich area had 312 property sales in 2016 with the average sale price increasing by 3.45%.

It is difficult to find a property with both good rental yield and capital growth. Whilst this particular property has low capital growth based on the average area stats, but has potential for excellent rental yield. If the property is sold at the current asking price and rented at a very respectable £475.00 pcm the rental yield would be 6.33%.

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01922 311016, you can always email me on salekm@ashmorelettings.co.uk.

Don’t forget to visit the links below to view back dated deals and Walsall Property News.

Blog: www.walsallpropertyblog.com

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Twitter: https://twitter.com/AshmoreLettings

 

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