This smashing little terrace has come up for sale and I knew it was something I’d have to share with you all. It is currently being marketed by Bairstow Eves for offers of £125,000. The house itself is located in a good area for commuters as it is located less than half a mile from Wilnecote Train Station and has relatively easy access to main road networks. Two local schools are also within walking distance so it may be a good property for young families.
The house has a very traditional façade and the interior boasts some fantastic spaces. The bathroom and kitchen spaces are both exceptionally large for a property of this size and both look to be in very good order. The living space is slightly smaller but can comfortably fit a couple two piece sofas with room for other furniture! The bedrooms are both reasonably sized and are able to fit double beds and have copious storage space.
Externally there is a low maintenance, enclosed garden to the rear which connects to the kitchen, the decking could do with a touch of paint, as could the exterior masonry but luckily as it’s a mid terrace that means there’s only two walls to do!
The house was last sold in 2007 for £120,000, so has had a capital growth of 4.16%. The annual yield on this property if purchased for the asking price of £125,000 would be around 5.02% which would equate to a monthly rent of £525. Repair costs would be minimal as it is mainly cosmetics that need freshening up, I’d estimate less than £100. The house next door achieved a rent of £485 per calendar month, but the kitchen, bathroom and garden are very basic in comparison.
So could be a great little investment for someone looking to expand their current portfolio as it’s ready to go from sale pretty much, but remember to do your homework and book a viewing! I hope you enjoyed the article and I look forward to hearing from you as always!
Buying-to-let isn’t just about achieving high annual yields, it’s important to look at other factors when purchasing property such as the capital gains. Having expert advice from someone who lives and breathes property could make all the difference, so why not give me, Lorraine a call on 07531484956 or email me at Lorraine@hallandthompson.co.uk you don’t need to be one of our existing clients to have a chat, so why not see what we can do for you today?
To view the property in full, please visit the following link:
Looking For Some Family Fun On The Weekend?
Tamworth Theatre Company are putting an outside production of the Tales of Peter Rabbit and Benjamin Bunny on Sunday 16th August in Dosthill Park. Family tickets are only £25 and it’s a great venue for a picnic whilst listening to some of the live music! Sounds like a glorious afternoon to me!
To book tickets contact the Tamworth Assembly Rooms on 01827 709618!