Right ladies and gents, we are back in Dalkeith street, Birchills, Walsall again. Why, you ask? Well, I’m going to tell you. Firstly, and you may find this hard to believe, but Dalkeith street is blowing up right now, the level of interest from renters is insane. You may remember I mentioned in my last BTL deal post that I helped one of my clients rent out a two bed terraced just like this one recently! The second reason is as follows…I’ve repeated myself over and over again about renters’ expectations and what landlords actually provide. If you are serious about your property empire and want to maximise your portfolio as much as possible, what I am about to show you is the standard you should set yourself on every property you rent out. This is a bog standard two bed terraced house in the heart of Walsall, nothing at all special. However, by just investing a relatively small amount of money to showcase your let, this is what you can and should be achieving. I’m going to let the photos speak for themselves. Full gas central heating, full upvc double glazing, modern fitted kitchen, modern bathroom with shower, hard wearing floor covering and a low maintenance rear garden. If you don’t think the stones are appealing in the rear garden, put some turf down.
Now, I’m not saying that every property should look the same, it is the standard of the spec that is important. Now, Lovett & Co (01543 526007) are marketing this property at offers over £90k and I don’t blame them, this property is worth it. Now, for the sake of argument let’s say it sells for £100k. This property could easily rent out for £525.00 pcm giving a yield of 6.30%, well above the average. If you want to add to your property empire, you seriously owe it to yourself to book a viewing with Lovetts and take a look for yourself.
If you would like an instant online appraisal as to the rental value of your property, please click here.
If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment.
Don’t forget to visit the links below to view back dated deals and Walsall Property News