Walsall Property Market has a ‘Rentirement’ problem.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Walsall Property Market has a ‘Rentirement_ problem.
Walsall Property Market has a ‘Rentirement_ problem.

I think I’ve created a new word! Yes, I said ‘rentirement’, not retirement. Let me define it: rentirement , Renters who are currently in their 50’s and 60’s who don’t own their own home but rent their home, privately, from a buy to let landlord.

In Walsall, there are just under 1416 rentirees and this number is growing steadily! How…?! Read on to find out…

The truth is that these Walsall people are prospectively soon to retire with little more than their state pension of £155.95 per week, probably with a small private pension of a couple of hundred pounds a month, meaning the average Walsall rentiree can expect to bring in about £200 per week once they retire at 67.

The ‘Rentirement’ Time Bomb…

Continue reading →

2 Bed Semi Yielding 5.49% Makes My Buy To Let Deal Of The Day

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

A beautifully pressented two bedroom semi detached house on a popular newbuild estate approx 1 mile from Walsall town centre, WS2. The property has an immaculate spec and is ready to go.

There are two double bedrooms, a modern fully fitted, a medium 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.

This property is absolutely ideal for the rental market.

Continue reading →

Property in Walsall purchased for £1k!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Property in Walsall purchased for £1k!!
Property in Walsall purchased for £1k!!

At a recent family gathering my sister and I were talking about various sibling stuff when the conversation shifted to how she ended up at the property she resides at now.  It became very interesting when she brought out a folder with a plethora of information and history left by the previous owners.

Walsall property owners may be interested in knowing the property built in 1947 was purchased for £1,000 with a mortgage of £700!!

The monthly mortgage payments were £4, 4S which I have no idea how much that translates to in today’s money…however…the thought of buying property for £1k and paying a £4-5 mortgage nowadays is one of dreams.

1947 Walsall Co-op Society Mortgage Agreement
1947 Walsall Co-op Society Mortgage Agreement
Mortgage payments schedule for Walsall property 1947
Mortgage payments schedule for Walsall property 1947

Continue reading →

Today’s Buy To Let Deal – 2 Bed Terraced House, Essex Street, Walsall, WS2 – Yields 7.00%

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

A traditional terraced house on the north side of the town. The spec is very good and should be good to go pending an actual viewing, which I would highly recommend.

Continue reading →

Today’s Buy To Let Deal 3 Bed Terraced, Walsall, WS2. Yields 6.30%.

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

A good looking traditional terraced house on the Darlaston Road, Walsall, WS2. It has a decent sized and low maintenance rear garden. Overall it looks like it doesn’t need anything major doing to it. Obviously a closer inspection would be the final arbiter. So, it possibly could be lout out as is. There are two double bedrooms and a single, though the size of the single means you could get a double bed in there, but that wouldn’t leave much room for anything else. Sadly, no photos are on the listing.

Continue reading →

Today’s Buy To Let Deal In Delves, Walsall, WS5 Yields 6.00%.

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

This 2 bed semi is situated on Segundo Road, Delves, Walsall, WS5.  On the market with Paul Dubberley (0121 659 6109) and priced at £130k.  Full details can be found here.

Properties in this area are turning up for sale at reasonable prices and coupled with its popularity and long term rental propensity, it just makes sense.

Continue reading →

Walsall property left with “Zero” value after discovery of Japanese Knotweed!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,
Walsall property left with “Zero” value after discovery of Japanese Knotweed
Walsall property left with “Zero” value after discovery of Japanese Knotweed

I recently discovered that one of our rental properties in Walsall has Japanese Knotweed growing in the garden.  My immediate thought was “ouch this is going to be expensive and potentially very troublesome!”.

I knew from discussions with past colleagues and fellow industry professionals how much damage Japanese Knotweed can cause, especially if it gets under the structure of the property.  If found on a survey, mortgage lenders won’t even consider lending so it could potentially leave your property with zero value!

What is Japanese Knotweed?

I found the following definition from the Royal Horticultural website:-

“Japanese knotweed (Fallopia Japonica) is a weed that spreads rapidly.  In winter the plant dies back to ground level but by early summer the bamboo-like stems emerge from rhizomes deep underground to shoot to over 2.1m (7ft), suppressing all other plant growth.  Eradication requires determination as it is very hard to remove by hand or eradicate with chemicals.  New legislation now covers its control”

Continue reading →

Today’s Buy To Let Deal Tamebridge Walsall WS5 Yields 6.00%

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

A two bedroom terraced house, Sorell Drive, Tamebridge, Walsall, WS5. Ideal for a buy to let (BTL) investment opportunity. Marketed Bairstow eves (01926 312791) and at a very reasonable £110k asking price. You can find the full property details here.

Situated in the highly popular Tamebridge estate, which is very conducive for long term letting.

Continue reading →

Would you buy your Walsall home off the internet?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Would you buy your Walsall home off the internet?
Would you buy your Walsall home off the internet?

People say buying a house or moving home is stressful.  I totally agree and whilst at my Agency we do our best to make things easy believe me, when I say it’s nothing compared to online shopping!!

My close friends and family know that I dislike self service tills and the impersonal detachment of internet shopping.  I can be honest and admit that I absolutely hate it.  Don’t get me wrong, I think it has its place especially when I enviously see my neighbour’s food shopping being brought by a kindly man driving a Morrison’s van bringing their weekly shop to the door.  Seeing this made me think how great it would be and how much time I would save if I or my wife didn’t have to go food shopping.

The one and only time I tried food shopping online I received all sorts of stuff.  Some I ordered and some I didn’t… other times I tried Birthday gifts which didn’t arrive on time, clothes which looked lovely on the internet model are not what I had hoped for – sack of spuds springs to mind!

A long awaited mother’s day gift for my sister was delivered by courier to my house and because no one was home they very kindly left it in a safe place… the recycling bin which was emptied on the same day!  So, if you don’t mind, I’m sticking to high street shopping in the future.

Thank goodness we don’t buy houses online.  Can you imagine it…?!

Continue reading →

Buy To Let Deal Of The Day Springfields, Walsall, WS4. Yields 6.00%

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

A modern 3 bedroom terraced house in the Rushall area of Walsall, WS4, currently marketed by Acorns & Co (01926 312060). Plenty of photos showing a very nice spec. The decor is neutral which is excellent news and the carpeting may need to be changed, but not essential.

I would highly recommend a viewing. 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 £125k will result in a yield of 6.00%

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

Continue reading →