Rents in Walsall Will Increase More Than Walsall Property Prices By 21%!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , , ,
Rents in Walsall Will Increase More Than Walsall Property Prices In Next 5 Years!
Rents in Walsall Will Increase More Than Walsall Property Prices In Next 5 Years!

Last weekend I had a meeting with a professional landlord who has an extensive portfolio of properties.  By his own admission, he confirmed that he has somewhat neglected the portfolio which he has kind of left to look after itself.  In recent years his focus was his family-run business so the portfolio wasn’t a priority.  He wanted to change this attitude and become more aggressive with his Walsall property ambitions by expanding on a healthy and varied portfolio.

During our meeting he asked me where in Walsall and what type of property he should purchase to create the best capital growth and great rental yields.  This got me thinking about our property market in Walsall and what has actually happened to rents and property prices..and more importantly for him..projections for the future.

Some fascinating changes are in the air in the Walsall property market.  Just to give you a flavour of the full article below, upon conclusion of my research I found that the rent private tenants pay will rise faster than property prices over the next five years. Creating further issues to Walsall’s growing multitude of renters.  In fact, my examination of statistical forecasts found that –

Continue reading →

Today’s Buy To Let Deal, 3 Bed Terraced, Walsall, WS4. With Yields Of 6.25%.

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

A 3 bedroom terraced house in the Rushall area of Walsall, WS4, currently marketed by Purple Bricks (01926 267659). Plenty of photos here showing the property off at its best. Certain aspects of the decor would need to be changed, but not essential.

Without a internal viewing it is impossible to assess if any other upgrades need to be made. 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 £120k will result in a yield of 6.25%.

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

Continue reading →

Buy To Let Deal Of The Day, Clary Grove, Walsall, WS5 With Yields Of 6.00%.

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

A two bedroom terraced house on the prestigious and popular Tamebridge estate in Walsall. The area is very high profile area for renting and rental prices tend to attract a premium on the estate.

It looks like it is ready to go and could be let as is. You may wish to do some minor decor changes, but this is not essential.

The property has double glazing and gas central heating. Parking is off-road. I would recommend a viewing sooner rather than later. 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.

Continue reading →

Walsall Property Owners and Selling Values..

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Walsall Property Owners and Selling Values..
Walsall Property Owners and Selling Values..

A local property investor/ landlord contacted me last week with a million questions which I really enjoy.  Those of you that know me personally know I love to talk about Walsall property to anyone who would lend me an ear (at this point I wish I had some emoticons to add a couple of smiley faces)! Now, our investor was a shrewd individual it seemed and informed me how he had several properties achieving, what seems like from the outset, some great rental values..which got me thinking..what is actually happening with current property values and rents over the past year? What is the route to getting more ‘bang for your buck’?

The new year started with some positive interest in the Walsall property market. Taking a snap shot of the Walsall property market for the first quarter of 2017, the picture suggests some interesting trends when it comes to the asking prices for property and what prices properties are actually selling for.  This is really important to understand as everything connected to these two factors has a ripple effect which ultimately affects your final numbers whether you decide to flip (re-sell) or rent it out.

Continue reading →

Today’s Buy To Let Deal, Pargeter Street, Walsall, WS2. With Yields Of 5.70%.

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

The decor is not to everyone’s taste, however, do not let that stop you from letting it as it is. In my opinion it would be better to change the decor throughout. Why not arrange a viewing today, the photos are good enough reason to!

A two bedroom terraced house in the Birchills area of Walsall, WS2, The asking price is £100,000, which I think is slightly overpriced, but since offers are to be, “In the region of” I would have no qualms in making a lower offer. I have featured similar properties in the same street, but have better specs. Though there is not a lot in it, negotiation is part of the process.

Continue reading →

Today’s Buy To Let Deal 2 Bed Terraced House, Faraday Road, Walsall, WS2 With Yields Of 6.33%.

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

A reasonably sized end terraced house close to the centre the Beechdale estate in Walsall. The area has gone through some major redevelopment over the last decade or so, which has certainly helped in raising the area’s profile. The décor may need some changes, that blue bedroom for instance is a bit overpowering, but it could be let as is.. The flooring is hard wearing and doesn’t look like it requires changing.  The bathroom and kitchen are of both modern design. The bathroom doesn’t have an electric shower, however I would advise to install one. They’re not that expensive and is kind of expected these days for prospective tenants whom have a lot of choice.  Unfortunately, there isn’t a photo of the rear garden. Parking seems to be off-road as there is a little piece of curtilage to the side of the proeprty.

The location benefits from being within easy reach of the Reedswood Retail Park and junction 10 of the M6 and in the vicinity of other major transport routes leading to Walsall, Willenhall and Bloxwich town centres. There is also a wide selection of schools within a mile or so radius including the Mirus Academy.

Continue reading →

Walsall Property Values Increase by £15.84 a Day!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , , ,
Walsall Property Values Increase by £15.84 a Day!
Walsall Property Values Increase by £15.84 a Day!

Investing in Walsall buy to let property is a little different to investing in the stock market and arguably more rewarding than the latter. Or you could of course pledge your hard-earned cash in the Building Society. When you invest your money in the Building Society, this is considered by many as the safe option but the returns you can achieve are, in my opinion, miserably low (the best 2-year bond rate from Nationwide is a whopping 0.75% a year!). The Stock Market can give good returns, but unless you are a city whizz kid or on the phone every day to your Stockbroker it is difficult to make positive returns. The masses usually invest in stock market funds, making the investment quite hands off and one always has the feeling of not being in control.

However, with buy to let, things can be more hands on. One of the things many landlords like is the physical nature of property – the fact that you can touch the bricks and mortar. It is exactly this which attracts many of Walsall’s landlords – they feel they are making their own decisions rather than assigning them to city whizz kids in Canary Wharf playing Russian roulette with their savings.

Continue reading →

Today’s Buy To Let Deal, Valley Road, Walsall, WS3. With Yields Of 7.14%.

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

Another buy to let deal in the same street as another one I did a couple of weeks ago and also a 3 bedroom semi detached house. Marketed by Your Move (01902 596633). It appears to be a very decent spec. It could be let as is, but what I would do is change some of the decor and floor coverings. The kitchen is huge and modern, which could easily accommodate a dining area.

Continue reading →

Today’s Buy To Let Deal, An Excellent 2 Bed Terrace, Remington Road, Walsall, WS2. With Yields Of 6.30%.

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

A 2 bedroom terraced house in the Beechdale area of Walsall. Marketed by I Love Homes (01922 312832). This is a really impressive spec and ready to let and set in a popular and flourishing rental area. If that isn’t an incentive to have a look inside for yourself, I don’t know what is?

Continue reading →

Today’s Buy To Let Deal, 3 Bed Terraced House, Beatrice Street, Walsall, WS3. With Yields Of 6.90%.

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

A three bedroom terraced house in the Leamore area of Walsall, WS3.

A very decent and acceptable spec and should be able to be let as is. The asking price is £100,000.

The property size is ideal for families having two doubles and a single bedroom. There is gas central heating and double glazing. The kitchen is modern and the bathroom could probably do with upgrading. Unfortunately, no pictures of the rear garden. There is curtilage parking to the front.

Continue reading →