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Seller Type: Agency, Property Type: House, Number Of Bedrooms: 6

*** INVESTMENT PROPERTY FOR SALE ***
6 Bed Detached Property in Walsall WS1
£470,000

For a limited time only, we have managed to secure a 6-bedroom detached property in WS1 within proximity to Walsall City Centre. The property is currently rented to a Supporting Living Care Company and producing a rental Income of £19,200 pa.

The Property has potential to be use as 6 bed HMO plus 2 one bed studio flats. Producing a potential rental income of £47,400 pa.

The property briefly comprises:
• 6 bedrooms
• 3 Reception Rooms
• 1 Communal lounge/dining area
• 2 bathrooms
• 1 Ensuite
• Loft Room
• Modern kitchen ( 24 month old)
• Driveway for 1 possibly 2 cars
• Large garage
• Rear large lawn garden.

The property has a unique character look with a contemporary feel with natural décor and spacious rooms. Has newly fitted kitchen with white good appliances.
The property is conveniently situated in a perfect location within proximity to excellent transport connections, primary & Secondary schools, University and all the local amenities. Walsall Town centre is only 15-20 mins walk away.

The property briefly comprises:
• 6 bedrooms
• 3 Reception Rooms
• 1 Communal lounge/dining area
• 2 bathrooms
• 1 Ensuite
• Loft Room
• Modern kitchen ( 24 month old)
• Driveway for 1 possibly 2 cars
• Large garage
• Rear large lawn garden

The property has a unique character look with a contemporary feel with natural décor and spacious rooms. Has newly fitted kitchen with white good appliances.
The property is conveniently situated in a perfect location within proximity to excellent transport connections, primary & Secondary schools, University and all the local amenities. Walsall Town centre is only 15-20 mins walk away.

Location:
The property is within proximity to
1.1 miles – Walsall Town Centre,
1.2 mile Walsall Manor Hospital
1.1 mile Walsall Railway Station
1.6 mile - Walsall Gala Swimming & Fitness Centre
1.1 miles – Walsall Enterprise Park, Regal
0.6 miles Wolverhampton University Walsall
1.4 miles – Walsall FC, Bescot Stadium

The Vision
• To purchase the property for £470,000 and enjoy great cashflow.
• Rent out 6 rooms as HMO* (Subject to obtaining HMO Licence)
• Covert First Living room and Garage into Studio flats x 2
• Potential to refinance based on a commercial valuation allowing you to pull out a large
majority of your initial capital.

Current rental Income £19,200 pa

Potential Rental
6 x rooms could be rented at £2,760 pcm
2 x Studio flats could be rented at £1,190 pcm
Potential Gross Income = £3,950 pcm x 12 = £47,400 per annum

Cost To Consider
• Mortgage Cost = £ 1762.50 pcm @ 6.00%
• Bills and Utilities = £ 500.00 pcm
• Management @ 8% = £ 316.00 pcm

POTENTIAL CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £1,371.50 pcm = £16,458.00 per annum
Self Managed = £1,687.50 pcm = £20,250.00 per annum

Capital Required To Get Involved
• Purchase Price = £470,000
• Deposit @ 25% = £117,500
• Legals = £ 2,500
• Stamp Duty = £ 25,100
• Finder’s Fee = £ 3,000
Total Capital Required = £148,100

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Disclaimer - IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
We are not authorised to give any financial advice whatsoever and act as an intermediary on these deals. All figures stated are consecutive and only given as a guide for illustration and marketing. We do not accept any liabilities for losses or compensation that you may incur from investments you purchase through us. We strongly recommend you carry out your own due diligence to satisfy yourselves before pursuing with any of our deals or investments.

Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

If you are interested and would like to find out more about, Please call us via email