HMO Semi-Detached House
stamp duty: £10,000
mortgage fees: £1,500
conveyancing fees: £1,000
The vendor provided us with the following running costs for this property:
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Wednesbury is a market town in the West Midlands. It lies around 4 miles south of Walsall, 5 miles north-east of Dudley and 10 miles north-west of Birmingham.
The town is well connected via the road network with the M5 easily accessible via the Black Country New Road/A41 and the M6 motorways accessible via Wood Green Road.
The West Midlands Metro has two stops in town, at Great Western Street and Wednesbury Parkway, connecting it to Wolverhampton and Birmingham. The local bus station in the centre of town offers links to Wolverhampton, West Bromwich, Walsall, and Dudley.
The closest railway station is Bescot Stadium, just 2.5 miles outside of Wednesbury. West Midlands Railway operates services on the Walsall Line between Birmingham New Street and Walsall. Some south-bound trains go to London Euston as well as Wolverhampton. Northbound trains go to Walsall and Rugeley Trent Valley.
There are a number of attractions in and around Wednesbury, such as the Wednesbury Museum and Art Gallery, the Walsall Leather Museum, Walsall Arboretum, Black Country Living Museum, Bromwich Hall and Sandwell Valley Country Park.
Education in Wednesbury is provided by one primary school and one primary academy, as well as one high school and three academies.
One of the notable local employers is Ikea, with one of their stores located near junction 9 of the M6 just north of town. The nearby Gallagher Shopping Park also offers a variety of job opportunities in the retail sector.
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Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
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