“Will the Walsall Property Market Crash…?”

Will the Walsall Property Market Crash
Will the Walsall Property Market Crash…?

A question posed by a local portfolio landlord of mine last week.  Who would be the gainers and losers…?

Those Walsall people wanting property values to drop would be those 30 or 40 something’s, sitting on a sizeable amount of equity and hoping to trade up (because the percentage drop of your current ‘cheaper’ property will be much less than the same percentage drop of the more expensive property– and trading up is all about the difference). If you have children planning to buy their first home or you are a 20 something wanting to buy your first home – you want them to drop.  Also, Walsall landlords looking to add to their portfolio will want to bag a bargain (or two) and they would love a drop!

Yet, if you have recently bought a Walsall property with a gigantic mortgage, you’ll want property values to rise. If you are retired and are preparing to downsize, you will also want Walsall property values to rise (because you will have more cash left over after the move).  Also, if you, a landlord looking to sell your portfolio or a Walsall home owner, who has remortgaged to raise money for other projects (meaning you have very little equity), you will want property values to rise to enable you to put a bigger deposit down on the next purchase.

So, before I discuss my thoughts on the future, it’s important to look at the past…

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My BTL Deal Of The Day, 3 Bed Semi House, Larchwood Road, Walsall, WS5 With Yields Of 5.57%.

A very nicely presented three bedroom semi detached house on Larchwood Road, Tamebridge, Walsall, WS5. The asking price is £140k with Yopa (01322 584475), you can find the full property details here.

Located in the highly popular and very desirable Tamebridge estate, speaks volumes as to the location and therefore the potential for long term letting.

There are two double bedrooms and a single bedroom. There is a conservatory extension to the rear.

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My BTL Deal Of The Day Is A 3 Bed Semi In Shelfield, WS4 Yielding 7.50%.

This 3 bed semi detached home is situated on Woodbridge Close, Shelfield, Walsall, WS4.  On the market with Bairstow Eves (01922 312791).  Priced at £100k, but asking for offers over that amount. The full details can be found here.

If you would like an instant online appraisal as to the rental value of your property, please click here.

The property looks well maintained and in good decorative order, but without an internal viewing it is difficult to assess what improvements are required, if any.

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Today’s Buy To Let Deal 2 Bed Terraced House, Penmire Grove, Walsall, WS4. With Yields Of 4.93%.

An immaculately presented 2 bedroom terraced 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) and added today!

I cannot say anymore about the spec other than can be seen on the photos. Needless to say go and have a look for yourselves, it will be worth it. Marketed at offers of over £140k, notwithstanding the spec, I think that the asking price is a little over what you should expect to pay.

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GDPR & Walsall Landlords

GDPR and Walsall Landlords
GDPR and Walsall Landlords

Don’t know about you but I had heard so much about the new GDPR laws which came into force towards the end of May 2018 that I thought many of my Blog reading friends wouldn’t wish to hear another word on the matter!!  On the contrary…I’ve received several requests to clear matters up for you guys especially, around your personal responsibility when it came to staying on the right side of the law.

If you are letting a property in Walsall or indeed the UK for that matter, GDPR for landlords certainly affects you in a few key ways.  Before I address these major changes, let’s take a quick look at how we got to this point.

A brief history of UK data protection

In essence, data protection regulation has been enforced in the UK as a way to ensure that businesses and business owners do not abuse or misuse the data of their customers.  The purpose is to ensure it is not just used correctly but also stored safely.  In the UK, the first Data Protection Act was introduced in 1984.

It has been subsequently revised over the years and in 1993, a famous case was brought forward which saw PC Brown being prosecuted for mishandling data.  Though the ruling was eventually overturned, it was a landmark case and UK businesses seemed to start taking data protection more seriously.

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Today’s BTL Deal 3 Bed Semi, New Forest Road, Walsall, WS3 Yields Of 5.21%.

A three bedroom semi detached house on a prestigious and popular estate in the Coalpool area in Walsall. Since major redevelopment in the area, the area’s profile has now been raised substantially making it a popular choice for rental.

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My Buy To Let Deal Of The Day, 3 Bedroom Semi Detached House, West Bromwich Road, Walsall, WS5. With Yields Of 5.78%

A very nice specced 3 bed semi on West Bromwich Road, Walsall, WS5, marketed by Purple Bricks (0121 721 9601). It doesn’t need anything doing to it from what I can see of it and can be let as is as far as I am concerned. There is gas central heating and double glazing. The bathroom is on the ground floor and does not have a bath, but does have a bidet.

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