A modern two bedroom terraced house, Poppy Drive, Walsall, WS5 on the very popular Tamebridge estate. The full property details can be found here.
The marketed value is for offers over £125k. Personally, I don’t see this property selling at that price. I have written previous articles on similar properties that the asking price was around £110k, here are just three to have a look at:
Some properties have sold at around the asking price here, but realistically the selling price should be somewhere between £110k – £120k depending on the quality of the spec and that’s where I want to focus on next.
There aren’t a vast array of photos here, but what there are show a property a little tired and in need of some TLC. Despite the modern kitchen, bathroom, double glazing and gas central heating, from what we can see the decor needs updating and the same with the flooring plus the rear garden requires attention. No photos of the bedrooms either. Parking is off-road. I would recommend a viewing to really appreciate this one.
One thing is for sure that the property will let, but you will need to upgrade it and it won’t cost the earth to do so.
A property of this type will attract a minimum pcm rental of £525.00 meaning a rental yield of 5.04% based on the current sale price. You should expect a better return with upgrades and haggling the price down somewhat.
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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.
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