Author: Head of Juicing @Ashmore Lettings & Sales Ltd

The effects of a ‘Hard Brexit’ on the Walsall Property Market…

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,
The effects of a ‘Hard Brexit’ on the Walsall Property Market…
The effects of a ‘Hard Brexit’ on the Walsall Property Market…

Through the many conversations I have with my clients on a daily basis I find the Brexit effect is a real and worrying one for many.  This is usually the case when there is uncertainty in the air and as many questions remain unanswered…we can but attempt to make educated guesses on the how, what, when and if’s of the Brexit effect on the Walsall Property Market.  I can only comment on matters as they unravel and we learn together what the strategies of this exit may be as and when these are revealed to us.

Recently I feel Theresa May has wasted an opportunity to give peace of mind to our EU co-workers by not confirming their rights as EU citizens working and living in Walsall (and the rest of the UK). No.10 Downing Street’s point of view is that in promising the rights of EU citizens in the UK, it will postpone the same guarantee to the 1.5 million UK citizens living in the other nations of the EU.

For a moment let’s put aside the politics…the simple fact is now Article 50 has been set in motion, we have two years to make a deal with the EU, otherwise it will be a ‘hard Brexit’.  Now you might not think a hard Brexit will affect you in your home in Walsall…but nothing could be further from the truth.

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Today’s Buy To Let Deal, 2 Bed Terraced House, Tong Street, Walsall, WS1. With Yields Of 5.85%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

A traditional two bedroom terraced house in the Chuckery area, Walsall, a popular area of Walsall for rented accommodation. Many photos here showing a not too shabby property, so it would be prudent to arrange a viewing asap. Though I would say the decor looks like it needs some improving.

The location is ideal for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools being less than a mile 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.

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Today’s Buy To Let Deal Of The Day 3 Bed Town House, Walsall, WS2. With Yields Of 6.25%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

A three bedroom town house, Norfolk New Road, Reedswood, Walsall, WS2. An excellent spec on this one and ideally positioned in the Reedswood area of Walsall, close to the Reedswood Way Retail park. There are a large selection of schools locally and many are within a mile distance including the Reedswood E-Act Academy and Castle Business and Enterprise College. Healthcare amenities eg doctors, dentists etc are also nearby. Transport services are very good with bus routes and major road networks adjacent lending easy access to Walsall, Bloxwich and Willenhall. Junction 10 of the M6 is literally about a mile down the road.

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Walsall Property – 5 Helpful Tips on Getting the Best Out of a Refurbishment

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Walsall Property – 5 Helpful Tips on Getting the Best Out of a Refurbishment
Walsall Property – 5 Helpful Tips on Getting the Best Out of a Refurbishment

Not everything you do to a property adds a premium to the price.  A question I get asked time and time again from landlords, who think by maintaining a property where they replaced a boiler or a tenant, who through choice, changed the flooring and some minor decorative work feel they have done. So what does constitute value and how does this work with Walsall property?

Below are my thoughts and examples of 5 improvements that will add the most value to your next Walsall refurbishment (weigh up the costs against the extra you will achieve in rent though, each project is different):

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Today’s Buy To Let Deal, 3 Bed Terraced House, Telford Road, Walsall, WS2. With Yields Of 6.82%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

A traditional three bedroom terraced house in the Beechdale area of Walsall, WS2. An impressive spec here, which beats comparable properties I have seen in the area. It is very much good to go as it is, no changes required unless you really want to. However as always, I would urge a viewing as soon as possible, because somebody somewhere will be interested. There is no harm in going to have a look. The asking price is about right, but no harm in a little bit of a haggle. There is double glazing, gas central heating and parking is on-road.

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Walsall’s Train Stations are used by 1.2m People a Year!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , ,
Walsall’s Train Stations are used by 1.2m People a Year!
Walsall’s Train Stations are used by 1.2m People a Year!

My blog reading friends may or may not be aware that I source and manage properties for a living.  I have my own portfolio therefore, I am a landlord as well.  Perhaps at times I haven’t made this obvious which was highlighted by a landlord who recently asked me the question.. “so what is it that you do apart from writing this blog”..?!  I have many clients locally, nationally and internationally who use my services to source and manage property meeting their criteria.

Of the recent conversations I have been having with people looking to enter the Walsall property market, I’ve noticed a common thread in my response.  It might surprise you to learn that our small and quaint town of Walsall is serviced by 3 train stations (Bescot, Tamebridge Parkway and Walsall).  This makes it an ideal location for commuters to our two neighbouring cities – Birmingham and Wolverhampton.  I mean, there is a reason why one of the most popular property programmes on television is called Location, Location, Location!

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Today’s Buy To Let Deal, 2 Bed Terraced, Sorrel Drive, Walsall, WS5 With Yields Of 5.73%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

A two bedroom terraced house, Sorrel Drive, Tamebridge, Walsall, WS5. The asking price is £110k with Bairstow eves (01922 312791).  Full property details are 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.

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Buy To Let Deal Of The Day, 2 Bed Terraced House, Pelsall Lane, Walsall, WS4, Yields 5.74%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

A two bedroom terraced house in the Rushall area of Walsall, WS4. A superb spec on this property and can be let as is. A traditional terraced house from the outside, but inside a very nicely presented property. The asking price is about right for the area and type. The location is ideal for local schools. many within a mile radius. Healthcare amenities such as doctors, dentists and chemists are also within easy each. Transport services and major road networks are excellent.There is double glazing and gas central heating. The only down side is that parking will be on-road. I would urge a viewing sooner, rather than later.

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Rents in Walsall Will Increase More Than Walsall Property Prices By 21%!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , , ,
Rents in Walsall Will Increase More Than Walsall Property Prices In Next 5 Years!
Rents in Walsall Will Increase More Than Walsall Property Prices In Next 5 Years!

Last weekend I had a meeting with a professional landlord who has an extensive portfolio of properties.  By his own admission, he confirmed that he has somewhat neglected the portfolio which he has kind of left to look after itself.  In recent years his focus was his family-run business so the portfolio wasn’t a priority.  He wanted to change this attitude and become more aggressive with his Walsall property ambitions by expanding on a healthy and varied portfolio.

During our meeting he asked me where in Walsall and what type of property he should purchase to create the best capital growth and great rental yields.  This got me thinking about our property market in Walsall and what has actually happened to rents and property prices..and more importantly for him..projections for the future.

Some fascinating changes are in the air in the Walsall property market.  Just to give you a flavour of the full article below, upon conclusion of my research I found that the rent private tenants pay will rise faster than property prices over the next five years. Creating further issues to Walsall’s growing multitude of renters.  In fact, my examination of statistical forecasts found that –

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Today’s Buy To Let Deal, 3 Bed Terraced, Walsall, WS4. With Yields Of 6.25%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

A 3 bedroom terraced house in the Rushall area of Walsall, WS4, currently marketed by Purple Bricks (01926 267659). Plenty of photos here showing the property off at its best. Certain aspects of the decor would need to be changed, but not essential.

Without a internal viewing it is impossible to assess if any other upgrades need to be made. Based on what we can see you could expect a rental of £625.00 pcm.   Therefore, if the property sells at the current asking price of £120k will result in a yield of 6.25%.

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

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