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2 Bed Terraced House For Sale Providence Lane, Walsall, WS3

£800,000- Terraced

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Last Updated: 8th July 2024

Description

We are pleased to present an exceptional investment opportunity to acquire a portfolio of six charming Victorian terraced properties located on Providence Lane in Walsall.

\rInvestment Opportunity: Victorian Terraced Properties on Providence Lane, Walsall

Property Details:
Location: Providence Lane, Walsall, WS3 2AQ

Number of Properties: 6 Victorian Terraced Houses

Type: Residential Investment Opportunity

Overview:
We are pleased to present an exceptional investment opportunity to acquire a portfolio of six charming Victorian terraced properties located on Providence Lane in Walsall. These properties offer a unique blend of historical charm and modern convenience, making them highly attractive to potential tenants and investors alike.

Individual Property Details:
36 Providence Lane
Bedrooms/Bathrooms: 3 Bed, 1 Bath
Current Rental Amount: £495.00 per month
Tenancy Agreement Terms: Periodic

38 Providence Lane
Bedrooms/Bathrooms: 3 Bed, 1 Bath
Current Rental Amount: £510.00 per month
Tenancy Agreement Terms: Periodic

40 Providence Lane
Bedrooms/Bathrooms: 2 Bed, 1 Bath
Current Rental Amount: £495.00 per month
Tenancy Agreement Terms: Periodic

42 Providence Lane
Bedrooms/Bathrooms: 3 Bed, 1 Bath
Current Rental Amount: £725.00 per month
Tenancy Agreement Terms: Fixed

44 Providence Lane
Bedrooms/Bathrooms: 3 Bed, 1 Bath
Current Rental Amount: £725.00 per month
Tenancy Agreement Terms: Fixed

46 Providence Lane
Bedrooms/Bathrooms: 3 Bed, 1 Bath
Current Rental Amount: £495.00 per month
Tenancy Agreement Terms: Periodic

Location:
Proximity to Amenities: Located in the heart of Walsall, Providence Lane is within walking distance of local shops, schools, and recreational facilities, ensuring convenience for residents.

Transport Links: The properties are well-served by public transport, with easy access to Walsall train station and major bus routes, as well as close proximity to the M6 motorway, facilitating commuting to Birmingham and other nearby cities.

Local Attractions: Nearby attractions include Walsall Arboretum, the New Art Gallery Walsall, and an array of dining and entertainment options, enhancing the appeal for potential tenants.

Investment Highlights:
High Rental Demand: Walsall has a strong rental market with high demand for quality rental properties, ensuring consistent occupancy rates.

Potential for Capital Growth: The area is experiencing ongoing development and regeneration, which is likely to contribute to property value appreciation over time.

Attractive Rental Yields: The combination of high demand and competitive rental rates offers attractive yields for investors.

Stable Income Stream: With six properties, investors can benefit from a diversified and stable rental income stream.

Financial Information:
Asking Price: 800,000
Estimated Rental Income: £3,445.00 per month (based on current rental amounts)
Yield: 5.16%

Conclusion:
This portfolio of six Victorian terraced properties on Providence Lane represents a prime investment opportunity in Walsall. With their timeless appeal, modern updates, and strong rental potential, these properties are poised to deliver substantial returns for discerning investors. Don't miss out on the chance to add these exceptional assets to your investment portfolio.

For further details or to arrange a viewing, please contact our Land and New Homes Team.

Invest in the charm and reliability of Victorian architecture combined with modern living - invest in Providence Lane, Walsall.

AGENTS NOTE:
We have not tested any of the electrical, central heating or sanitaryware appliances. Purchasers should make their own investigations as to the workings of the relevant items. Floor plans are for identification purposes only and not to scale. All room measurements and mileages quoted in these sales particulars are approximate. In line with The Money Laundering Regulations 2007 we are duty bound to carry out due diligence on all our clients to confirm their identity. Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system. This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.

Subjective comments in these details imply the opinion of the selling Agent at the time these details were prepared. Naturally, the opinions of purchasers may differ.

All imagery, CGI's and floorplans have been used to reflect the end product and may be subject to change.

FIXTURES AND FITTINGS:
All those items mentioned in these particulars by way of fixtures and fittings are deemed to be included in the sale price. Others, if any, are excluded. However, we would always advise that this is confirmed by the purchaser at the point of offer.

TENURE:
The property is Freehold with vacant possession upon completion of the purchase.

SERVICES:
All mains’ services are connected.
Agent Details
John Shepherd
6-8 Drury Lane Solihull B91 3BD

Investment Analysis

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Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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