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Property ID: 219294902
Monthly Income
£2,615
Current Yield
6.1%
Tenancy status
Tenanted
CapitalAppreciation
+4.3%
Exclusive Investment Grade Opportunity

A Block of 4 Flats and 1 Detached House located in Walsall with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.


For investors looking for a rewarding investment, this is a brilliant opportunity!


163 Watling Street


This detached house offers three bedrooms, a lounge, a dining room, a kitchen, a bathroom with a separate WC, and a sectioned patio area.


164A, 164B, 165A, 165B


This portfolio consists of four flats, each with a bedroom, lounge, kitchen, and bathroom. The properties benefit from excellent local transport links. In addition, flats 164B and 165B include ensuite showers.


Investment details


The portfolio currently produces an annual gross income of £31,382 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income2615/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£2615 pcm
Current Rental Yield
6.1%
Potential Market Value Rent
£3200 pcm
Potential Rental Yield
7.4%
Estimated Monthly Capital Appreciation
£1863
Area Capital Appreciation Rate
+4.3%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Property Checks

Property Tenure

Verified as Leasehold with 170 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

EPC

EPC documentation has been provided to Let Property and has been Verified.

Street View not available

Location coordinates not found for this property

Ground Rent
Freehold
Factor Fees/Running Costs
TBC
Total Estimated Costs
unknown
EPC Rating
EPC image not availableCheck EPC documents below
EPC Documents
Floor plans
Floor plan not availableNo floor plan image for this property
Floor Plan Documents

Map View not available

Location coordinates not found for this property

Yearly Net Profit
Current Yearly Rent
£31,380
Annual Capital
Appreciation
£10,400
Yearly Factor Fee /
Service Charge
TBC
Other Yearly Costs
None
Indicated
Annual Net Returns
£41,780