How much are Walsall Buy-to-Let Yields a year?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , , ,
How much are Walsall Buy-to-Let Yields a year?
How much are Walsall Buy-to-Let Yields a year?

Purchasing your first Walsall buy to let (BTL) property is not the same as buying one to live in.  You have to employ a completely different set of tactics, methodology and mind-set.

The main difference is when purchasing your own property, you may well pay a little more to get the home you and your family want, and are less likely to compromise.  When buying for your own use, it is only human nature you will want the best, so that quite often it is at the top end of your budget; because as my parents always used to tell me – you get what you pay for in this world!

Yet with a Walsall buy to let property, if your goal is a higher rental return – a higher price doesn’t always equate to higher monthly returns – in fact quite the opposite.  Reasonably priced Walsall properties can bring in higher monthly returns.  Most landlords use the phrase ‘yield’ instead of monthly return.  To calculate the yield on a buy to let property one basically takes the monthly rent, multiplies it by 12 to get the annual rent and then divides it by the value of the property.

Continue reading →

Walsall Town Centre, Tameway Plaza – ‘No Mortgage’ Investment Opportunity

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , , ,
Tameway Plaza - Walsall Town Centre
Tameway Plaza – Walsall Town Centre

If you follow the Walsall Property Market News like I do (not just the residential) then, you will be well versed with past, present and planned future developments.  Amongst the proposed £90m transformation of the town centre recently it has been announced that more than 100 jobs will be created by developing a piece of derelict land back into commercial use with a further £6.9m investment.

In recent years we have had the new 24hr Tesco, the Primark development (which was extremely busy on Saturday), The Quarter has just been finished with Poundland and B&M taking up occupation anytime now and there are plans to revamp The Saddlers Centre!  So, with all this happening around the commercial side of property “what about residential” I hear you ask…?

Continue reading →

Today’s 3 Bed Semi Buy To Let Deal Yields 5.57%, Alderley Crescent, Walsall, WS3.

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

A three bedroom semi detached house on a prestigious and popular estate in the Coalpool area in Walsall. Since major redevelopment in the area, the area’s profile has now been raised substantially making it a popular choice for rental.

There are plenty of photos to show off the very attractive spec of this property. My personal experience with this estate is that the estate is very popular and highly sought after for rentals.

The location benefits from being within easy reach of all the major road networks, services and other amenities lending easy access to Walsall and Bloxwich town centres.

The property is of modern design and has off-road parking as well as a garage. There is a fully fitted kitchen and has gas central heating and double glazing. Additionally there is a large lounge, two double bedrooms and a fair sized garden. the only blip on the horizon for me is the bathroom, which looks a little dated and could do with an upgrade. However, do not let that be a deal breaker, the property can definitely be let as is. But don’t take my word for it, go and take a look for yourself and book a viewing appointment.

The current asking price is £139950k and based on a rental of £650.00 pcm will return a yield of 5.57% though I do feel that the property is slightly overpriced.

Currently on offer with House Simple (0330 098 9870) click here for the full property details.

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: www.walsallpropertyblog.com

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

Twitter: https://twitter.com/AshmoreLettings

← Back

Thank you for your response. ✨

 

Walsall Property – Jargon Busting Terminology (PART 2)

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Walsall Property - Jargon Busting Terminology - PART 2
Walsall Property – Jargon Busting Terminology – PART 2

I have had a massive response from my Blog reading friends since I posted last weeks article on Jargon Busting. The thought had crossed my mind to do something different this week however, my readers have convinced me otherwise. So without further ‘ado’ here is part 2 (part 1 can be found here – just in case you missed it…)!!

N

Negative Equity – When the value of the mortgage which is outstanding on the property, is more than the market value of the property.

NHBC – National House Building Council. A warranty scheme for new properties providing cover against major structural defects for 10 years.

Non Resident Landlords – If you live overseas and are not a UK tax payer you can apply to receive rent without tax being deducted. For more information and details on how to apply for the Non Resident Landlords (NRL) Scheme – click HERE

 

O

Office Copy Entries – If the property has a registered title, the vendor’s (seller) solicitor will need to apply for office copy entries from the Land Registry before a draft contract can be prepared.

Ombudsman – An independent professional body which is set up by law to help settle individual disputes between consumers and firms, for example, estate agents, solicitors and insurance companies. There are now three ombudsman schemes.

Continue reading →

Buy To Let Deal Of The Day, Gower Street, Walsall, WS2. Yields 4.95%.

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

A two bedroom semi detached house in the Pleck area of Walsall, WS2. It has been listed with Zoopla just two days ago. There are plenty of photos, which show decent property spec including a modern kitchen and bathroom. The decor is neutral, both bedrooms are large and there is double glazing and central heating. This one could be let as is, but I would recommend doing something with the grass in the rear garden, it does look a bit worse for wear. Parking looks like it is on-road.

The selling price is £120k and it is located in an area popular for rented accommodation.

There are a selection of local schools, healthcare amenities such as doctors, dentists and chemists within easy each. Transport services are very good with bus routes and major road networks nearby and Walsall town centre only a couple of miles away.

I appraise the rental to be £495.00 pcm giving a yield of 4.95%. Currently on offer with Connells (01922 716026) click here for the full property details.

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: www.walsallpropertyblog.com

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

Twitter: https://twitter.com/AshmoreLettings

← Back

Thank you for your response. ✨

Today’s By To Let Deal, Britannia Road, Poppyfields, Walsall, WS1 With Yields Of 5.28%.

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

A two bedroom end terraced house on the popular Poppyfields estate in Walsall. The area is popular for investors and renters alike. The property benefits from double glazing and gas central heating. Parking is off-road. It would be better appreciated by a viewing. Some improvements/ changes will be needed including the rear garden and bathroom. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall and West Bromwich town centres. For the football aficionados amongst us, Bescot Stadium is just a few mins walk away.

The current asking price is £125000 and based on a rental of £550.00 pcm will return a yield of 5.28%.

Currently on offer with Bairstow eves (01902 312791) click here for the full property details or give them a call.

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: www.walsallpropertyblog.com

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

Twitter: https://twitter.com/AshmoreLettings

← Back

Thank you for your response. ✨

Walsall Property – Jargon Busting Terminology (PART 1)

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
Walsall Property - Jargon Busting Terminology (PART 1)
Walsall Property – Jargon Busting Terminology (PART 1)

Something different this week for my blog reading friends…in recent months I have been asked on several occasions to explain certain terminology that has cropped up during Walsall property transactions or just in conversation.  For ease of reference I have gone through the list in alphabetical order; the overwhelming array of acronyms and specialist terminology in simple layperson terms.  To save the article from being endless pages I have split this into two parts with part 2 releasing soon – so watch this space!  If there is anything I may have missed please feel free to comment or get in touch.

The meaning behind the lingo…

A

Abandonment – Abandonment is when a tenant leaves the property (usually without notifying the landlord or agent) before the tenancy has ended.  Very often this occurs when the tenant owes rent and the tenant may or may not leave possessions in the property.  Although the tenant is in the wrong for many reasons, they still have a legal tenancy and can return and demand to take up residence at any time, despite not paying rent.  Taking over an abandoned property is fraught with difficulties for the landlord and specialist advice should be sought.

Advance – A mortgage loan – an additional loan is referred to as a further advance.

Adverse Credit – Used to apply to a borrower or application that has past problems with bad credit, for instance frequent late payment, breached arrangement, bankruptcy or County Court Judgement.

Continue reading →

Today’s Buy To Let Deal Yields 5.41% 2 Bedroom Semi Detached House, Bank Street, Cannock, WS12.

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

A two bedroom semi detached house, Bank Street, Cannock, WS12. The asking price is for £127500 and is marketed by Purple Bricks (01926 267659).

An excellent spec throughout with modern kitchen, bathroom, gas central heating and double glazing, however the rear garden will need some attention. Parking facilities are not listed in the description.

The location is ideal for commuting to Cannock town centre. Many other amenities and services are all within a short distance away.

I appraise the pcm at a minimum of £575.00 and if the property sells at the current asking price, this makes a yield of 5.41%.

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: www.walsallpropertyblog.com

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

Twitter: https://twitter.com/AshmoreLettings

← Back

Thank you for your response. ✨

Is Moving Home in Walsall – ‘Mission Impossible’?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Is Moving Home in Walsall - ‘Mission Impossible?
Is Moving Home in Walsall – ‘Mission Impossible?

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.

Continue reading →

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

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

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

← Back

Thank you for your response. ✨