Summary - Station Street, Walsall WS2 9JZ
14 bed 4 bath House of Multiple Occupation
**Standout Features:**
- Substantial 14-bedroom house with multiple occupancy potential
- Located directly opposite Walsall train station
- High rental yield with potential gross revenue of approximately £72,000 per annum
- Three kitchens and four bathrooms, ideal for shared living
- Large communal lounge for socializing or relaxation
**Concerns:**
- Requires complete refurbishment throughout
- Situated in an area with very high crime rates
- Deprivation index is notably high in the neighborhood
This expansive 14-bedroom terraced house on Station Street is a prime investment opportunity for buyers looking to capitalize on Walsall’s rental market. Previously licensed as an HMO and hotel, the property boasts a large communal lounge, three kitchens, and multiple bathrooms, making it suitable for shared living arrangements. With a potential gross annual revenue of approximately £72,000, this fixer-upper holds significant promise for the savvy investor looking to renovate.
While the property needs extensive modernization, it sits in a highly convenient location just steps from the train station and within walking distance of numerous amenities, establishing an urban lifestyle that appeals to young families and students alike. The excellent mobile signal and average broadband speeds provide necessary connectivity for residents. However, buyers should consider the local area's high crime rates and socio-economic challenges. This is a unique chance to start fresh in a substantial property that can be tailored to your vision—act quickly, as opportunities like this are rare and may not last long!
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