Investment Highlights Freehold
- Purchase price £145,000.00
- Tenant in situ
- Current rental amount £600.00pcm
- Expected current market rental £800.00pcm
- Tenant on a rolling contract
- Current tenant been in situ for 5 years
- Managing agent K2 Properties
- Current managing fee 10% + VAT
- Current yield per annum 5.0%
- Expected yield per annum 6.6% Portfolio8 are delighted to bring to the market this 3-bedroom mid terraced property for sale at 63 Parker Street, Bloxwich WS3 2LF. The property comes with a tenant in situ who is on a rolling contract. Property is currently managed by a letting agency who have stated they would like to continue to work with any buyer going forward, this will be down to the buyer. Property is well maintained by the tenant, and they would ideally like to stay however currently they aren't paying the market rate for the area. Why Invest in Walsall?
* Walsall is only around 9 miles northwest of Birmingham and 7 miles from Wolverhampton
* Walsall is part of the West Midlands region.
* Today Walsall's local industries are mostly in light manufacturing, services, and distribution. The RAC has its HQ and contact centre in a landmark building by the M6 in Walsall. Walsall Healthcare NHS Trust is also a major employer with 4,000 staff including at Walsall Manor Hospital.
* Commuters in the area can also connect to the West Midlands Metro tram network at Wednesbury and travel by tram into Birmingham city centre or Wolverhampton. A new tram line will enable travel to Dudley and Brierley Hill, and also Solihull and Birmingham Airport in the future.
* Walsall alongside nearby Wolverhampton were rated as the top improving UK cities on PwC's . They scored well on both transport and income distribution.
* Walsall is one of the Midlands' largest towns and has a borough population of around 269,000. Property Values in Walsall
* The West Midlands region overall has good value property prices. Walsall has cheap property compared to most of the country and even compared to much of the Midlands.
* The average house price in Walsall is currently £186,817 according to HM Land Registry figures. This means that property in Walsall is around 35% cheaper than the average property price in England. Walsall property is also around 12% cheaper than nearby Birmingham. Payment Plan
1. Reserve your unit with a signed reservation form
2. Sourcing fee of £2,500 + VAT (50% paid upfront & the remaining 50% paid upon completion)
3. Provide certified ID, proof of address and proof of funds to Pure Investor
4. Solicitors instructed
5. Remaining balance due on completion