2 Bed Terraced House Walsall WS2 Yielding 5.71% Is My Buy To Let Deal Of The Day

A two bedroom end terraced house on the popular Reedswood estate in Walsall, WS2. The property is a modern newbuild only being only 10 years old. The spec is very nice and could be let as is.

There are two double bedrooms, a modern bathroom and a modern kitchen with integrated oven/hob. There is also 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 plus Reedswood Retail Park is just around the corner.

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2 Bed Semi Penmire Grove WS4 Yields 5.28% Gets My Buy To Let Deal Of The Day

A 2 bedroom semi deatched 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).

The spec looks right on the money with no major issues that need immediate attention. Marketed at offers of over £142k. It is interesting to note that the price has been reduced by £8k since February when it was first listed. The last sale was for £132k in 2013.

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Walsall Property Market has a ‘Rentirement’ problem.

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…

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

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.

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Property in Walsall purchased for £1k!!

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

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

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.

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

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.

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

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.

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

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”

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

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.

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