In my research to discover potential properties for buy to let investment it does appear that there are other properties on this newbuild housing estate up for sale, therefore, I will probably be covering more properties of these types in my upcoming posts over the next few weeks. Shropshire Close and it’s locality is a burgeoning area for rental properties. I have helped many of my clients to buy and rent out the properties for sale on this estate. They are selling at a reasonable price and achieve above average yields. They are newbuild and in general need very little work doing to them in order to bring them up to a lettable standard even if they have been previously occupied and in addition are ideally located. So, let’s get on with the show…
A very well presented two bedroom Semi Detached house, Shropshire Close, Walsall, WS2. The asking price is for offers of £135k and currently marketed by Connells (01922 321032). At a rental of at least £600.00 the yield will be 5.33%. here are the reasons why this is such a good investment. The full property details can be found here. The asking price in my humble opinion is slightly over priced as can be referenced by other similar properties that have sold over the last three years.
The spec is perfect and If you could buy the property today you could literally market it for rent today. Obviously a closer inspection in the form of a viewing is required and I would urge viewing sooner rather than later. This is going to get snapped up. Round this all off with gas central heating, double glazing and off-road parking.
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