A three bedroom semi detached house on a popular Bentley estate in Walsall. The property has a very nice spec and could be let as is.
There are one double bedroom and two single bedrooms plus a family shower room, no bath in this one. Top this off with a modern kitchen and an extension to the property which has been turned into a sun room. The rear garden is large and is for the gardeners amongst us. parking is on-road. 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.
Are Walsall landlords denying our Walsall youngsters?
I received a very interesting letter the other day from a Walsall resident. He affirmed he was a Walsall homeowner, retired and mortgage free. In the letter he stated how unaffordable Walsall’s rising property prices were and that he worried how the younger generation of Walsall could ever afford to buy? He went on to ask if it was right for landlords to exploit the inability of others to buy property and if, by purchasing a buy to let property, Walsall landlords are denying the younger generation the ability to, in fact, buy their own home?
Whilst doing my research for my many blog posts on the Walsall Property Market, I know that a third of 25 to 30 year olds still live at home. It’s not surprising then that people are kicking out against buy to let landlords; as they are the gluttonous bad people who are cashing in on a social woe. In fact, most people believe the high increases in Walsall’s (and the rest of the UK’s) house prices arethe very reason owning a home is outside the grasp of these younger would-be property owners.
Every now and again a surprise package of a property turns up and I thought I would share my latest find with you.
Priced at £120k for a three bed semi is about average for the type and area. It is immaculately presented with a modern fitted kitchen and bathroom. The surprise feature is the large curtilage at the front of the property, which can easily accommodate several vehicles, but obviously as a landlord you wouldn’t want to turn this part of the property into a small caravan park. However, the reality of the situation is that professional couples/ families generally have more than one car. So, this would be ideal in meeting that requirement.
The full property details are here. I appraise the property at £625.00 pcm producing a yield 6.25%.
A two bedroom semi detached house on a newbuild estate in the Brownhills area of Walsall. This is completely ready to go. The spec is immaculate. The property has two double bedrooms, the master bedroom has an en-suite shower room. There is also a guest WC. The property also benefits from double glazing and gas central heating. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities.
A very nice spec indeed on this semi in the Bentley area of Walsall. A good sized property with two double bedrooms and a single. It also has double glazing and gas central heating. Another great buy to let deal that requires little or no change to the decor. Normally I would say that a property like this would rent for just under £600.00 pcm, but the large curtilage parking at the front of the property allows for a little extra squeeze to £625.00.
As a Walsall landlord is it wise to set up a Limited company?
A question I get asked all too often is around whether to set up a limited company or not? I’ve always maintained my expertise is not around tax (as much as it is the Accountant’s job and that’s why I have one..you should do too), but on this platform I can always share my thoughts with you.
In November 2015, George Osborne disclosed plans to restrain the buy to let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market. One of things he brought in was that tax relief on BTL mortgages would be capped, starting in April 2017. Before April 2017, a private landlord could claim tax relief from their interest on their BTL mortgage at the rate they paid income tax – (i.e. 20% basic /40% higher rate and 45% additional rate).
So, for example, let’s say we have a Walsall landlord, a high rate tax payer who has a BTL investment where the rent is £600 a month and the mortgage is £400 per month. In the tax year just gone (16/17), assuming no other costs or allowable items …
A traditional two bedroom terraced house in the Palfrey area, Walsall, and a popular one for rentals. It checks all the boxes in terms of the size, style and price, but as a ready to go rental it isn’t. Well, If you are willing and I think you should be, to spend a little to gain a little more. Then changing the flooring and the decor is a must. The kitchen may need looking at as well, but it’s hard to tell from just the one photo. The property has two reception rooms and both bedrooms are double and there is a cloakroom WC as well.
The location is ideal for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools are approx 2 miles away). Healthcare amenities such as doctors, dentists and chemists are within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre just a mile away. There is double glazing, gas central heating and parking is on-road.
Walsall needs to build 5,400 mixed tenure properties in 7 years..
I was having a most interesting chat the other day with a Walsall landlord when we were looking at a property he was thinking of buying. As I am sure you are aware, I am always happy to cast my eye over any potential buy-to-let purchase in Walsall, be that you emailing me a Rightmove/ Zoopla link, a brochure in the post or even treading the carpet and seeing it together. I don’t charge for that, and you don’t even need to be a client of mine.
We got talking about the Walsall Property Market and this landlord brought up the subject of a report he had read that stated almost 1.8m new rental homes are needed by 2025 to keep up with current demand from tenants. He wanted to know what this meant for Walsall.
Well my blog reading friends, some commentators said last winter that buy-to-let was about to die, what with the new stamp duty changes and how mortgage tax relief will be calculated. Others even said 500,000 rental properties would flood the market nationally in the 12 months after the new Stamp Duty rules came into force on the 1st April 2016 as landlords left the rental market. Well, all I can say is, I wish all the landlords of those half a million properties would hurry up and put them on the market – because I have plenty of other potential landlords wanting to buy them!
A superb spec on this semi in the Bentley area of Walsall. A good sized property with two double bedrooms and a single. It also has double glazing and gas central heating. This is the definition of a buy to let deal that does not need a thing doing to it and is good to go as it is.
A three bedroom terraced house in the Birchills area of Walsall, WS2.
It’s a very good spec and could be let as is, but there are some aspects of the decor that could be improved. The asking price is for offers in the region of £100k, which is about average for this area.
Walsall Property Blog 
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