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.
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.
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.
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”
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.
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…?!
Buy To Let Deal Of The Day Springfields, Walsall, WS4. Yields 6.00%
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.
Buy To Let Deal Of The Day Via Auction Yields Over 10%
This one bed roomed apartment is situated at Bridge Lofts, Leicester Street, Walsall, WS1. On the market with Cottons chartered surveyors (0121 396 0665). Priced at £52k, which is a guide price as the property is up for auction on 27/03/2018. The full details can be found here.
A yield of 10.61% was what caught my eye, which is based on an already achieved rent of £460.00 pcm. It really is a steal for anybody wishing to invest as a part of their extensive portfolio or as a first investment. Situated in the heart of the town centre the property is ideal for the single professional.
Buy To Let Deal Of The Day, 2 Bed Terraced House, Yorkshire Grove, Walsall, WS2. Yields 5.31%
A two bedroom terraced house on a popular newbuild estate approx 1 mile from Walsall town centre, WS2. The property has a very nice spec and is ready to go.
There are one double bedroom and one single bedroom. A fully fitted modern kitchen, 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.
Get out of the Walsall Property Rental Market!
I was recently reading a report by the Home website which suggested that landlords are selling en-masse their buy-to-let investments due to increasing burdens on them in the buy-to-let market. Their findings suggest the number of new properties that came onto the market nationally (for sale) jumped by 11% across the UK as a result.
Those increasing burdens include new tax rules coming in over the next 3 to 4 years and the announcement that all self-managing landlords (i.e. landlords that don’t use a letting agent to look after their buy-to-let property) will soon need to register with a compulsory redress scheme to resolve tenant arguments and disputes; as Westminster wants to heighten standards in the Private Rented Sector.
Interestingly, a few weeks ago I was chatting with a self-managed landlord from Bloxwich, when I was out who didn’t realise the other recent legislations that have hit the Private Rented sector, including the ‘Right to Rent’ regulations which came in to operation last year. Landlords have to certify their tenants have the legal right to live in the UK. This includes checking and taking copies of their tenant’s passport or visa before the tenancy is signed. Of course, if you use a letting agent to manage your property, they will usually sort this for you (as they will with the redress scheme when that is implemented).
Walsall Property Blog 
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