Cash or Mortgage When Buying Walsall Property?

Cash or Mortgage When Buying Walsall Property
Cash or Mortgage When Buying Walsall Property?

In recent weeks I have had the pleasure of meeting up with a few investors who were looking to enter the Walsall Property Market.  There are so many approaches to investing in property and many ‘Guru’ type figures out there, all willing and able to help…all for a fee of course (some of the fees are eye watering)!!  Having attended the course, some of the investors found my Blog and decided to take me up on the offer of a meeting over a cuppa.  The common theme/ question that came up repeatedly was… “Do I buy with or without a mortgage”!?

For most Walsall people, a mortgage is the only way to buy a property. However, for some, especially Walsall homeowners who have paid off their mortgage or Walsall buy to let landlords, many have the choice to pay exclusively with cash. So, the real question is, should you use all your cash, or could a mortgage be a more suitable option?

Well, looking at the numbers locally…

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My BTL Deal Of The Week, Perch Road, Walsall, WS2 With Yields Of 5.78%.

A two bedroom semi detached house on the popular Reedswood estate in Walsall, WS2. The property has the perfect spec for rental.

There are two double bedrooms, one with fitted wardrobes.  A modern kitchen with integrated oven/ hob, a family bathyroom with shower, a fair sized 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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My BTL Deal Of The Week 3 Bedroom Terraced House, Glastonbury Crescent, Walsall, WS3. With Yields Of 5.11%.

A newly refurbished three bedroom terraced house on Glastonbury Crescent, Walsall, WS3. It has fantastic spec as it should have however, there is one issue I have with it, but more on that later.

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My BTL Deal of the Week, 2 Bed Terraced House, Northumberland Way, Walsall, WS2 With Yields Of 5.33%.

Remaing on the same estate as Yorkshire grove, which is more good news for Walsall landlords. On the market for about 6 weeks this two bedroom terraced house is being marketed at offers over £135k by Green  Co. (0121 659 0150). Another perfect spec ready for a quick let. I would say the asking price is slightly over the ‘going rate’ for similar property types and specs on the estate.

There are two double bedrooms, one with en-suite as well as a family bathroom.  A modern kitchen with integrated white goods, 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.

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My BTL Deal of the Week, 3 Bed Semi, Yorkshire Grove, Walsall, WS2 With Yields Of 6.00%.

Wow, Is everyone leaving Yorkshire grove? Well, that’s good news for Walsall landlords. Another two bedroom semi detached house has come onto the market a couple of weeks ago. The property has the right spec ready for a quick let. The property is on the market for offers over £130k with Bairstow Eves. This asking price is about right with similar property types and specs on the estate.

There are two double bedrooms, one with en-suite as well as a family bathroom.  A modern kitchen with integrated white goods, a fair sized 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.

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My BTL Deal of the Week, Yorkshire Grove, Walsall, WS2 With Yields Of 5.57%.

A two bedroom semi detached house on a popular newbuild estate in Walsall and highly prized by Walsall landlords. The property has a perfect spec and is good to go. The property is on the market for offers over £140k with Lovett & Co. In my opinion the asking price is too high as other 2 bed semis, with similar specs, on the estate have sold for less, so you will have some bargaining power.

There are two double bedrooms, one with en-suite as well as a family bathroom.  A modern kitchen with integrated white goods, a fair sized rear garden, chickens not included 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.

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My BTL Deal of the Week 2 Bed Terraced House Yew Tree Walsall WS5 Yields 7.33%

A 2 bed terraced house on Birchfield Way, Delamere Drive, Walsall, WS5. On the market with Connells (01922 716026) and priced at £90k Full details can be found here.

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