Pace Yourself with Walsall Property…!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Pace Yourself with Walsall Property…!!
Pace Yourself with Walsall Property…!!

With the fast approaching Christmas holidays soon upon us some prayers are being offered by the local bob sleighing enthusiasts for snow although, we are more likely to see it between January to March than December.  However, the Walsall property market has a pretty confident feel to it.

With the underlying fundamentals of a continued lack of properties being built, a shortage of properties – both in terms of quantity and quality -coming to the market and the continued low mortgage rate environment, enquiries from first time buyers and buy-to-let landlords is strong and motivation is even stronger, given those inexpensive lending rates and general demand caused by under supply.

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Deja Vu! 1 Bedroom Semi, New Forest Road, Walsall, WS3 With Yields Of 7.41%.

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

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I did a double take when I saw this. I wrote about this property 6 months ago. I tried to find out what had happened in the intervening period, but I drew a blank. Anyway, it’s back on the market as of today.

Since major redevelopment in the area, the area’s profile has now been raised substantially making it a popular choice for rental. Unfortunately, though the property is billed as “well presented”, the agent has still only provide one photo of the external. Therefore, I have absolutely no idea what the condition is like on the inside. I would urge a viewing on this one immediately. My personal experience with this estate is that rentals are very popular. Additionally, there is double glazing, gas central heating and off-road parking.

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2 Bed House With Additional Loft Room, Florence Street, Walsall, WS1. With Yields Of 5.94%.

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

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A traditional two bedroom terraced house in the Chuckery, Walsall, a popular area of Walsall for rented accommodation. The loft has been converted to be an additional room for use as a bedroom or whatever you wish. The current occupiers obviously have made it their home and by the look of the spec it is very nicely presented, however with some changes needed.

The location is ideal for local schools both public and private. Healthcare amenities such as doctors, dentists and chemists are also within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre just a mile away. There is gas central heating and parking is on-road, however it does appear that there isn’t double glazing.

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2 Bedroom Terraced House, Moncrieffe Street, Walsall, WS1. With Yields Of 5.70%.

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

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A traditional two bedroom terraced house in the Chuckery area, Walsall, a popular area of Walsall for rented accommodation. Lots of photos here showing a not too shabby property, so it would be prudent to arrange a viewing asap. The location is ideal for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools being les than a mile away). Healthcare amenities such as doctors, dentists and chemists are within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre just a mile away. There is double glazing, gas central heating and parking is on-road.

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Have Walsall Rents Truly Risen?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Have Walsall Rents Truly Risen?
Have Walsall Rents Truly Risen?

Back in the Spring, there was a surge in Walsall landlords buying buy-to-let property in as they tried to beat George Osborne’s stamp duty changes which kicked in on the 1st April 2016. If you are a football fan, think of it like transfer deadline day!

To give you an idea of the sort of numbers we are talking about, below are the property statistics for sales either side of the deadline in the WS1 postcode taken from the Land Registry;

Jan 2016 – 20 properties sold

Feb 2016 – 19 properties sold

March 2016 – 36 properties sold

April 2016 – 9 properties sold

May 2016 – 17 properties sold

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“Needs Work” 3 Bed House, Cecil Street, Walsall, WS4. With Yields Of 6.60%.

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

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A three bed terraced house in the Butts area Walsall, WS4. The photos clearly show that the property is in need of upgrading. We pretty much have a blank canvas here and for a relatively small investment, this property can be turned into a lettable spec.

There is double glazing and central heating. No photo of the kitchen, however.

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Superb 3 Bedroom Terraced House, Bentley Lane, Walsall, WS2. With Yields Of 6.60%.

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

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A three bedroom terraced house in the Birchills area of Walsall, WS2.

This is a an absolutely superb spec and should be able to be let as is. The asking price is for offers over £100000, which is about average for this area.

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2 Bed Terraced House, Trent Place, Walsall, WS3. With Yields Of 5.40%.

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

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A two bedroom terraced house in the Blakenall Heath area of Walsall, WS3. Plenty of photos of this one, which shows a very nice lettable spec. It is decorated neutrally and is in a lettable condition, though you may want to do something with the kitchen as it kind of looks out of place. There is part gas central heating and part double glazing, which will probbaly need to be made full in both cases. There is off-road parking at the front and an enormous garden at the rear.

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Walsall Landlords and Tenants : What does the Tenant Fee Banning order mean for you?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
walsall-letting-fees-ban
walsall-letting-fees-ban
  • Tenant Fees set to be banned within 12 to 18 months
  • Rents due to rise as those fees passed to Landlords
  • Landlords won’t be worse off – and neither will tenants or agents

With our new Chancellor of the Exchequer revealing a ban on tenant fees in his first Autumn Statement on Wednesday what does this actually mean for Walsall tenants and Walsall landlords?

The private rental sector in Walsall forms an important part of the Walsall housing market and the engagement from the chancellor in last Wednesday’s Autumn Statement is a welcome sign that it is recognised as such. I have long supported the regulation of lettings agents which will establish and cement best practice across the rental industry and, I believe that measures to improve the situation of tenants should be introduced in a way that supports the growing professionalism of the sector. Over the last few years, there has been an increasing number of regulations and legislation governing private renting and it is important that the role of qualified, well trained and regulated Lettings Agents is understood.

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A bit of TLC for a yield of 6.00% on this 2 Bed Terraced House, Whitmore Street, Walsall, WS1.

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

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A two bedroom terraced house in the Palfrey area Walsall, WS1. The photos clearly show that the property is in need of a little bit of TLC. What we have here is a blank canvas and for just a relatively small investment, this property can be turned into a top notch lettable spec.

A bog standard two bed terraced house with two double bedrooms. However, the listing lacks a photo of the kitchen, so an urgent viewing would be advantageous. There is double glazing and gas central heating, apparently, though it is hard to see in the published photos.

The asking price is for offers in the region of £90000 and at a pcm rental of £450.00 will give you a nice yield of 6.00%.

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