Is it fair to Blame The Walsall Landlord?

Is it fair to blame the Walsall Landlord?
Is it fair to blame the Walsall Landlord?

Over the last couple of decades, the rise in the number buy to let properties in Walsall has been nothing short of extraordinary.  Many in the “left leaning” press have spoken of a broken nation, the fact many youngsters are unable to buy their first home with the rise of a new cohort of younger renters, whom have been daubed ‘Generation Rent’ as landlords hoover up all the properties for their buy to let property empires. Government has been blamed in the past for giving landlords an unfair advantage with the tax system. It is also true many of my fellow professionals have done nothing to cover themselves in glory, with some suspect, if not on some rare occasions, downright dubious practices.

Yet has the vilification and unfair criticism of some Walsall landlords gone too far?

It was only a few weeks ago, I read an article in a newspaper of one landlord who had decided to sell their modest buy to let portfolio for a number of reasons, one of which being the new tax rules on buy to let that were introduced last year. The comments section of the newspaper and the associated social media posts were pure hate, and certainly not deserved.

Like all aspects in life, there are always good (and bad) landlords, just like there are good (and bad) letting agents… and so it should be said, there are good tenants and in equal measure bad tenants. Bad letting agents and bad landlords should be routed out… but not at the expense of the vast majority who are good and decent.

But are the 3,983 Walsall portfolio buy to let landlords at fault?

The Tories allowed people to buy their own Council house in the 1980’s, taking them out of the collective pot of social rented houses for future generations to rent them. Landlords have been vilified by many, as it has been suggested by some they have an unhealthy and ravenous materialism approach to make cash and profit at the expense of poor renters, unable to buy their first home. Yet, looking beyond the headline grabbing press, this is in fact ‘fake news’. There are seven reasons that have created the perfect storm for private renting to explode in the 2000’s.

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More BTL Goodness In Shropshire Close, Walsall, WS2, Yielding 5.33%.

Rather than duplicate the same information again, I will just give some basic info as the properties presented are pretty much the same. Where there are more obvious differences I will highlight these.

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My BTL Deal Of The Day Is Another 2 Bed Semi, Shropshire Close, Walsall, WS2, Yielding 5.33%.

In my research to discover potential properties for buy to let investment it does appear that there are other properties on this newbuild housing estate up for sale, therefore, I will probably be covering more properties of these types in my upcoming posts over the next few weeks. Shropshire Close and it’s locality is a burgeoning area for rental properties. I have helped many of my clients to buy and rent out the properties for sale on this estate. They are selling at a reasonable price and achieve above average yields. They are newbuild and in general need very little work doing to them in order to bring them up to a lettable standard even if they have been previously occupied and in addition are ideally located. So, let’s get on with the show…

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My BTL Deal Of The Day Is A 2 Bed Semi, Shropshire Close, Walsall, WS2, Yielding 5.54%.

An immaculately presented two bedroom Semi Detached house, Shropshire Close, Walsall, WS2. The asking price is for offers over £130k and currently marketed by Bairstow Eves (01922 321033). At a rental of at least £600.00 the yield will be 5.54%. Let’s check out why this is such a good investment. The full property details can be found here.

The location is ideal for an investment property being on a very popular estate for rentals and close enough to Walsall and Bloxwich town centres. There is easy access to major transport routes, school and other amenities.

Lets’s take a look inside…

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My BTL Deal Of The Day 2 Bed Terraced House Bloxwich Road, Walsall, WS2 Yields 5.50%

A traditional two bedroom end terraced house in Leamore, Walsall. This outstanding spec is well worth your time and effort to view immediately.

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The effect of the recent Interest Rate increase on Walsall Property…

The effect of the recent Interest Rate increase on Walsall Property...
The effect of the recent Interest Rate increase on Walsall Property…

I wrote my thoughts in an article in October 2016 after interest rates were slashed to 0.25%. You can read the full article by clicking here. Then in December 2017 I wrote a further article when it was announced interest rates would be increased to 0.50%. The full article can be found by clicking here. Existing clients and Blog reading friends alike have been asking me for my thoughts on the recently announced increase…the current average value of a property in Walsall currently stands at £181,994 so what will the recent increase in the base rates to 0.75% from 0.50% do to the local property market?

In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 months or the last 5 years), but to answer this question we need to go back over 40 years, to 1975.

The average value of a Walsall property in 1975 was £8,285

However, since 1975, we have experienced in the UK, inflation of 807.5%.

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My BTL Deal Of The Day Is A Two Bed End Terrace House North Walsall, WS3 Yielding 5.73%.

A traditional two bedroom end terraced house on Wenlock Gardens in the Coalpool area of Walsall. The spec is pretty decent and not a lot, if any, requiring attention. However, I would recommend changing the blue and green painted walls and go for something more neutral and in keeping with the rest of the property.

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