A two bedroom town house in the Bloxwich area of Walsall, WS3.
This is a an absolutely superb spec and should be able to be let as is. The asking price is for offers over £90000 with Springbok Properties (0161 300 3968).
Predictions for Walsall Property 2017
January 2017 is almost over and finally I feel like the dust has settled allowing me the opportunity to catch my breath to reflect on the past year.
2016 was certainly eventful. The ongoing saga that is Brexit, the Queen’s 90th , Andy Murray winning Wimbledon, Trump, Bake Off to Channel 4, the Autumn Statement and something close to the hearts of every buy to let landlord and homeowner in Walsall… the changes in the local property market.
So, let’s look at the headlines for the Walsall property market in 2016…
In the last month, Walsall property values rose by 0.48%, leaving them, year on year 4.34% higher, whilst interestingly, Walsall asking prices are down 0.7% month on month. All three statistics go to show the Walsall property market has recovered well after the summer lull, which was worsened by the uncertainty surrounding the EU vote back in June. Irrespective of all the issues, the average value of a Walsall home now stands at £176,085.
Open House Viewing For This 3 Bedroom Semi, Reservoir Street, Walsall, WS2. With Yields Of 6.49%.
A 3 bedroom semi detached house in the Alumwell area of Walsall, currently marketed by Bairstoweves (01922 312 791).
There is an open house viewing on Saturday 21st January 2017 from 10.00am so get yourself along to it and have a look for yourself.
Looks like a decent spec, but the decor will need to be changed for obvious reasons. However, without a internal viewing it is impossible to assess if any other improvements need to be made.
The pcm rental you could expect for this property is in the region of £595.00 and therefore if the property sells at the current asking price of £110k this will result in a yield of 6.49%.
Are Walsall Pensioners ‘Trapped’ in their Homes?!
During a site visit last week I was approached by a mature, friendly gentleman who lives next door to one of the properties I manage in Pelsall. He lives in a Bungalow, which is one of my favourite property types that he owns outright (mortgage free). We got talking about the Walsall property market and then he mentioned something which piqued my curiosity. How many other Walsall pensioners are in a similar situation?!
Walsall people aged over 65 currently hold more housing wealth in their homes than the annual GDP of the whole of Northumberland (strictly speaking a county can’t have a GDP, but as everyone knows the phrase, it works for comparison purposes!)
This is a problem for everyone in Walsall!
Many retiree’s want to move but cannot, as there is a shortage of such homes for mature people to downsize into. Due to the shortage, bungalows command a 10% to 20% premium per square foot over houses of the same size with stairs. To add to the woes, in 2014, just 1% of new builds in the UK were bungalows, according to the National House Building Council – down from 7% in 1996.
2 Bed Terraced House in Bloxwich, Walsall, WS3 Yields 6.33%
This is a two bedroomed terraced house situated on Foster street, Walsall, WS3. On the market with Goodchilds (01922 312 016) and priced at £90000. The full property details can be found here.
Based on the photos that are available the spec is very nice and is complemented by a refitted bathroom. I have written in some previous articles on the regeneration in the North Walsall area and why it is a viable proposition for investing in buy to let properties.
How Much Rent Can I Get For My Walsall Property?
Welcome back to the first Walsall Property Market blog article of the New Year! I hope you enjoyed a well deserved break over the holidays?
Over the weekend I received a call from a newbie landlord living in the south who was purchasing his first buy to let Walsall property. He said he had been following my blog for a while and wanted to ask a few questions. His first question was “How much rent can I achieve for my property?” A question I get asked once or twice a year…!!
I thought it was only fair to explain the thoughts behind an appraisal and how I arrive at the appraisal level when I go out to a property. Below are the key points of that conversation and my thoughts…
Ideal 3 Bed House, Green Lane, Walsall, WS3. With Yields Of 6.95%.
A three bedroom terraced house in the Leamore area of Walsall, WS3.
This is a very nice spec. The decor may be a little quirky, but it works and will be of interest to someone who appreciates a little bit of individuality. The asking price is for offers in the region of £95000, which is about average for this area.
“Inception”? 2 Bed House, Miner Street, Walsall, WS2. With Yields Of 7.70%.
I’m getting a lot of deja vu these days and there I go again! Or did I? I wrote about this one back in August. The difference being that when I first found this property it was listed with Purple Bricks and now it is listed with Great Move. Ok, fair enough. Now, IF the reason for the switching agents was because there was no interest in the 4 months that the property was posted with Purple Bricks, I completely understand, why not give another agent a go? However, since moving over to Great Move the asking price has increased by £5000. So, it does beg the question, if there was no interest for 4 months with one agent at £69000, why would more interest be generated in the same property for an extra five grand? Well, not everyone may have seen the original posting and have absolutely no idea the price has been hiked. So ladies and gents, this is exactly where I come in, your friendly neighbourhood blogger. I like to inform and help advise my readers with what the latest news is within the Walsall property market as we all know, forewarned is forearmed.
WALSALL LANDLORDS – THREE THINGS I’LL BE DOING OVER CHRISTMAS
I don’t know about you but at some point over the Christmas break I get fed up of all the eating, drinking and partying. “Bah! Humbug!” I hear you say…but in reality I think it’s simply that as a busy business owner, my mind and body can’t take the change in pace from mad and hectic to practically a vegetative like state.
So when I hit that point and I need to re-engage my brain, this is what I plan to do…
You Can Get Yields of 7.14% on this 3 Bed Semi, Dartmouth Close, Walsall, WS3.
Even if you are new to the Private Rented Sector or an experienced investor with a portfolio, I think you seriously should take a look at this property.
Priced at £100000 for a three bed semi, this is an absolute steal. I could show you many three bed terraced houses going for the same, just under or even greater than this one is marketed for. So the question is, why would you buy a terraced house for the same price when obviously there is potential for capital growth and almost certainly the rental yield will be higher? No-brainer as far as I am concerned.
The full property details are here.
The pcm for this property would be in the region of £595.00 based on the property being upgraded. This would give a rental yield of 7.14%
Walsall Property Blog 
You must be logged in to post a comment.