This one bed roomed apartment is situated at Bridge Lofts, Leicester Street, Walsall, WS1. On the market with Cottons chartered surveyors (0121 396 0665). Priced at £52k, which is a guide price as the property is up for auction on 27/03/2018. The full details can be found here.
A yield of 10.61% was what caught my eye, which is based on an already achieved rent of £460.00 pcm. It really is a steal for anybody wishing to invest as a part of their extensive portfolio or as a first investment. Situated in the heart of the town centre the property is ideal for the single professional.
There are enough photos to give you a flavour of the spec of the property. The downside for me is the heating, electrical panel heaters. However, for a relatively small outlay these could be removed and replaced with some more modern and efficient electrical heaters.
Another point to note on the property is that it doesn’t have any allocated parking or at least the particulars don’t mention anything to the contrary. As a letting professional based in Walsall we haven’t had any issues letting similar properties nearby. Given the price I think it’s definitely worth further consideration.
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