Walsall Property Blog

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Is Moving Home in Walsall – ‘Mission Impossible’?

24/10/201731/10/2017 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, House Prices in Walsall, Letting Agents Walsall, Top Letting Agency Walsall, Walsall Homes, Walsall News, Walsall Property Expert, Walsall Property News, Walsall Property Values

Moving to a larger home is something Walsall people with growing young families aspire to. Many people in two bedroom homes move to a three-bedroom home and some even make the jump to a four-bed home. Bigger homes, especially three-bed Walsall homes are much in demand and it can be a costly move. However, is jumping to a 4 Bed House a step too far?

If you live in Walsall in a two-bedroom property and wish to move to a four-bedroom house in Walsall, you would need to spend on average, an additional £153,066 (or £604.61 pcm in mortgage payments (based on the UK Bank average standard variable rate)). However, going straight to a four bed from a two-bed home is quite rare as most people jump from a two to three-bedroom home, then later in life, from a three to four-bedroom home.

Today’s Buy To Let Deal Of The Day, 3 Bed Town House, Walsall, WS2. With Yields Of 5.77%.

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A three bedroom end town house, Norfolk New Road, Reedswood, Walsall, WS2. It has an excellent spec with all the mod cons one would come to expect from a newbuild property; Modern kitchen and bathroom with double glazing and gas central heating.

It is 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.

The current asking price are for offers over £130k and based on my appraised rent pcm of £625.00 will return a yield of 5.77%. Now let’s talk about the selling price. In my opinion it is overpriced as other similar proprieties on the same road, not just the estate, have been selling for 120k.

Currently on offer with Prestige Estates (01902 596006) the full property details are here.

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

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment.
For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01922 311016, you can always email me on salekm@ashmorelettings.co.uk.
Don’t forget to visit the links below to view back dated deals and Walsall Property News
Blog: http://www.walsallpropertyblog.com
Facebook:https://www.facebook.com/AshmoreLettings
Twitter: https://twitter.com/AshmoreLettings

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What if…the UK Population lived on One Street??!!

17/10/201724/10/2017 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buying property in Walsall, Find Affordable Rental Properties in Walsall, House Investment Walsall, House Prices in Walsall, Property Management Walsall, Top Letting Agency Walsall, Walsall Property Expert, walsall property market

In my line of work I meet many property entrepreneurs…from budding enthusiasts…to seasoned developers. Meetings whether face-to-face, by phone, Skpe or email lead on to many interesting conversations some of which, I write about. I don’t profess to have all the answers but I like reading and learning about property.

This sometimes takes me away from our local Walsall property market, to conversations about our region and the national geographic area as a whole. My expertise is in the local area where I ‘ply’ my trade to ‘eek’ out a living. Anyway, I thought I would share something different with you this week, my blog reading friends, which I found really interesting and entertaining at the same time…hope you do too!

If the population of the UK were condensed into just a single street, more than a third of us would live in a semi-detached house worth £207,000.

Today’s Buy To Let Deal, 3 Bedroom Semi Detached House, Booth Street, Walsall, WS3. With Yields Of 7.52%.

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A very nice 3 bed semi detached house in Blakenall Heath, Walsall. The area has changed for the better over the last few years due to the housing regeneration that has happened. Currently marketed by Webbs estate agent (01922 312727). It’s a decent spec, but will need some attention in certain areas of the decor. It has gas central heating and double glazing.

It is certainly a family home with a spacious rear garden with awning over a patio area and being low maintenance. Parking is off-road on the front curtilage with space for at least two vehicles.

The location is ideal commuting distance to Walsall town centre and close to the major transport routes. Schools and healthcare centres are aplenty and within easy reach.

The minimum pcm you could expect is £595.00 and if the property sells at the current asking price, this would mean a yield of 7.52%.

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

Click here for full property details or call Webbs estate agent (01922 312727) to arrange a viewing, I highly recommend it.

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

Blog: http://www.walsallpropertyblog.com

Facebook:https://www.facebook.com/AshmoreLettings

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Avoiding a ‘Nightmare’ Walsall tenancy!

10/10/201717/10/2017 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market Best Letting Agency Walsall, buy-to-let in walsall, How to Rent My Property Walsall, Letting Agents Walsall, Property Lettings Walsall, Walsall News, Walsall Property Expert, Walsall Property News

My neighbour came to see me the other day. I’m old fashioned like that…Yes, I talk to my neighbours! He knows I work in Property Management so thought he would pick my brains on a tenancy that has gone ‘awry’ for him.

If there is one thing that all landlords dread, it’s the ‘tenants from hell’! Whilst the vast majority of tenants cause no problems and will treat your property with respect it is an inherent risk of being a landlord. However, there are ways to minimise the likelihood of nightmare tenants becoming your tenants!

Now, I’ll help him to get his property back by following the legal process but I also wanted you, my Blog reading friends, to benefit from some tips I shared to ensure you have your risks covered. By following the 5-step-guide below you just might avoid a nightmare tenancy…

5 reasons why NOT to use Gumtree to let a Walsall Property

09/10/201713/10/2017 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market letting agent walsall, Letting Agents Walsall, Lettings Walsall, Property Lettings Walsall, Property Management Walsall, Top Letting Agency Walsall, Walsall Letting Agents, Walsall News, Walsall Property News

Honestly I could write a book about this. Time and time again through my agency career I would have landlords calling me, desperate for advice after they’ve placed a “lovely” tenant in their property using a free (or low cost) DIY advertising website. The tenant presented themselves as honest, open, and above all very capable of paying the rent.

But the truth is a different matter. They got into the property by deception, and ended up costing these landlords thousands of pounds in damages, unpaid rent, and above all…the stress. These landlords had to cover the mortgage whilst funding the legal battle. One made very difficult because they weren’t aware of all the legislation surrounding lettings. This could prejudice their position in court. Didn’t serve the Prescribed Information? Didn’t register the deposit within 30 days? That means the tenant could actually sue you for 3 times the deposit amount! And there’s more…

It has been said that some 30% of the PRS is made up of accidental landlords (Source: Landlordnews.co.uk). Here lies the problem. As an accidental, or amateur (not a bad thing!) landlord, it is unlikely that they invest the time to make themselves aware of all the legislation surrounding lettings. There is a lot, but as the saying goes “you don’t know what you don’t know,” so most are blissfully unaware – until it goes wrong, and they can do with disastrous consequences!

Today’s Buy To Let Deal, Pimpernel Drive, Walsall, WS5 With Yields Of 5.73%.

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A modern two bedroom terraced house, Pimpernel Drive, Tamebridge, Walsall, WS5. The asking price is £110k with Purple Bricks (01926 267659). The full property details can be found here.

Located on the very popular and desirable Tamebridge estate and therefore has the potential for long term letting.

There are some changes to be made in terms of the decor and the rear garden will need to be attended to. It has a modern kitchen and bathroom, gas central heating, double glazing and off-road parking.

This top notch property will attract a minimum pcm rental of £525.00 meaning a rental yield of 5.73% based on the current sale price.

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

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

Blog: www.walsallpropertyblog.com

Facebook:https://www.facebook.com/AshmoreLettings

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Do we have a ‘triple speed’ Walsall property market?

03/10/201713/10/2017 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buying property in Walsall, House Prices in Walsall, letting agent walsall, Lettings Walsall, walsall property, Walsall Property Expert, Walsall Property News, Walsall Property Prices, Walsall Property Values

As you might imagine…“What’s happening to the Walsall Property Market?” is a question I am asked often & repeatedly. Well, would it be a surprise to hear that my own research suggests that there isn’t just one big Walsall property market – but many small micro-property markets? In the past I have written about the dual speed Walsall property market but now I’m seeing the emergence of three!

For ease, I have named them the…

‘lower’ Walsall Property Market.
‘lower to middle’ Walsall Property Market.
‘middle’ Walsall Property Market.

The ‘lower’ and ‘lower to middle’ sectors of the Walsall property market have been fuelled over the last few years by two sets of buyers. The first set, making up the clear majority of those buyers, are cash rich landlord investors who are throwing themselves into the Walsall property market to take advantage of enticingly low prices and even lower interest rates. The other set of buyers in the ‘lower’and ‘lower to middle’ Walsall property market are the first-time buyers (FTB), although the FTB market is in a state of unparalleled deadlock as it’s been trampled into near-immobility and incapacity by the new 2014 stricter mortgage affordability regulations and also fewer mortgages with low deposits.

Some of you may be interested to know how I have classified the three sectors…

Today’s Buy To Let Deal 2 Bed Terraced House, Penmire Grove, Walsall, WS4. With Yields Of 5.08%.

02/10/2017 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, buying property in Walsall, Find Affordable Rental Properties in Walsall, How to Rent My Property Walsall, letting agent walsall, Renting Property in Walsall, Top Letting Agency Walsall, walsall property market, Walsall Property News

A 2 bedroom terraced 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 £130k, however it is interesting to note that the price has been reduced by £5k 2 months ago. I think that any offers over £130k are a bit too optimistic as the last sale price was £130k in Feb of this year.

The estate has an exclusive feel about it as it is somewhat off the beaten track. There is double glazing and gas central heating and off-road parking and is within easy reach of the major transport networks making quick commuting to other town centrs close by. There are a large variety of schools all within a mile plus healthcare and shopping amenities locally.

The appraised rental value is at £555.00 and if the property sells at the current asking price, this would mean a yield of 5.08%.

For the full property details click here.

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

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

Blog: www.walsallpropertyblog.com

Facebook: https://www.facebook.com/AshmoreLettings