The ‘Hodgepodge’ of Walsall Property Mini Markets

The ‘Hodgepodge_ of Walsall Property Mini Markets
The ‘Hodgepodge_ of Walsall Property Mini Markets

A Royal Wedding, Russia, Facebook, Brexit, Trump, House prices up, House prices down … the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging to a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market. It is a hodgepodge patchwork (almost like a fly’s eye) of lots of small property markets all performing in different ways.

… And that made me think … is there just one Walsall Property Market or many?

I like to keep an eye on the property market in Walsall on a daily basis because it enables me to give the best advice and opinion on what (or not) to buy in Walsall, be that a buy-to-let property for a Walsall landlord or an owner occupier house for a home owner.  So, I thought, how could I scientifically split the Walsall housing market into segments, so I could see which part of the market was performing the best and/ or the worst.

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Today’s Buy To Let Deal, 2 Bed Terraced House, Camomile Close, Walsall, WS5.

A two bedroom terraced house, Camomile Close, Tamebridge, Walsall, WS5. Ideal for a buy to let investment opportunity. Marketed by Bairstow eves (01922 312791) and at a very reasonable £120k asking price. You can find the full property details here.

Situated in the highly popular Tamebridge estate, which is very conducive for long term letting.

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Today’s Buy To Let Deal Is A 3 Bed Terraced House, Yew Tree, Walsall, WS5 Yields 5.49%

A 3 bed terraced house on Birchfield Way, Yew Tree, Walsall, WS5. On the market with Bairstoweves (01922 312791) and priced at £130k. Full details can be found here.

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Today’s Buy To Let Deal Is A 3 Bed End Terraced House In Walsall WS3 Yielding 5.20%.

Technically an end terraced house, but looks like a semi, with three bedrooms and is beautifully presented. It is situated on Roebuck Road, Walsall, WS3. It is for sale at a current asking price of £149,950k. Reserve your viewing now by contacting Webbs Estate Agents Ltd on 01922 345939.

There are plethora of images, showingb off absolutely every angle of the property. It has everything you could want in a property including double glazing, gas central heating, modern fitted kitchen and shower room. Three double bedrooms, a conservatory, a lounge, dining room, conservatory, guest wc and a games room with a pool table, yes that’s right, a full sized pool table! Parking is off-road at the front of the house. Top it all off with a medium sized rear garden with patio area and plenty of room for outer buildings.

The location benefits from being within easy reach of all the major road networks, services and other amenities lending easy access to Walsall and Bloxwich town centres.

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2 Bed Terraced House Walsall WS2 Yielding 5.71% Is My Buy To Let Deal Of The Day

A two bedroom end terraced house on the popular Reedswood estate in Walsall, WS2. The property is a modern newbuild only being only 10 years old. The spec is very nice and could be let as is.

There are two double bedrooms, a modern bathroom and a modern kitchen with integrated oven/hob. There is also a small low maintenance rear garden and off-road parking. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall town centre plus Reedswood Retail Park is just around the corner.

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2 Bed Semi Penmire Grove WS4 Yields 5.28% Gets My Buy To Let Deal Of The Day

A 2 bedroom semi deatched house on Penmire Grove a new build housing estate about half a mile south of Rushall, Walsall, WS4. The property is being marketed by Bairstow eves (01922 321791).

The spec looks right on the money with no major issues that need immediate attention. Marketed at offers of over £142k. It is interesting to note that the price has been reduced by £8k since February when it was first listed. The last sale was for £132k in 2013.

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Walsall Property Market has a ‘Rentirement’ problem.

Walsall Property Market has a ‘Rentirement_ problem.
Walsall Property Market has a ‘Rentirement_ problem.

I think I’ve created a new word! Yes, I said ‘rentirement’, not retirement. Let me define it: rentirement , Renters who are currently in their 50’s and 60’s who don’t own their own home but rent their home, privately, from a buy to let landlord.

In Walsall, there are just under 1416 rentirees and this number is growing steadily! How…?! Read on to find out…

The truth is that these Walsall people are prospectively soon to retire with little more than their state pension of £155.95 per week, probably with a small private pension of a couple of hundred pounds a month, meaning the average Walsall rentiree can expect to bring in about £200 per week once they retire at 67.

The ‘Rentirement’ Time Bomb…

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