Today’s Buy To Let Deal, 2 Bed Terraced, Sorrel Drive, Walsall, WS5 With Yields Of 5.73%.

A two bedroom terraced house, Sorrel Drive, Tamebridge, Walsall, WS5. The asking price is £110k with Bairstow eves (01922 312791).  Full property details are here.

Located in the highly popular and very desirable Tamebridge estate, speaks volumes as to the location and therefore the potential for long term letting.

The spec here is perfect and ready to go and needs no further upgrades or changes, unless you really want to. It is an overall neutral decor with a modern fitted kitchen and bathroom. There are front and rear gardens with not too much maintenance. Topped off with double glazing. The only down side so far is we do not know what the heating system is as the property description doesn’t state it, nor can it be confirmed in any of the photos. I contact the agent and they were unable to tell me either, however I am awaiting a callback from them later today and I will update the article then.

*UPDATE – The agent finally got back to me and advised that the property doesn’t have any heating. Ok, no problem. On the face of it that seems like a deal breaker, but how much does it cost to install a central heating system? Well, around £2K to £4k on average depending on the size of the property etc. However, since the property is cheaper than the average two bed on Tamebridge and there may yet still be some “wiggle room” when negotiating. The cost of installing a heating system could be offset against that.

Not a very good showing from the agent I have to say, but do not let that stop you from making a viewing appointment. The spec is right, the area is right and the price is right…Apologies, couldn’t help myself.

This top notch property will attract a pcm rental of £525.00 meaning a rental yield of 5.73%.

If you would like an instant online appraisal as to the rental value of your property, please click here.

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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