“Fancy a project?” 2 Bed House, Dorothy Street, Walsall, WS1. With Yields Of 7.60%.

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A two bedroom terraced house in the Palfrey area Walsall, WS1. The photos clearly show that the property is in desperate need of upgrading. 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. The description states that there is double glazing, but does not state whether there is central heating, however, the photo of the bathroom does show a boiler in place.

The asking price is for offers over £75000. A bargain price and well below average.

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“Cat Not Included” 2 Bed Terraced House, Walsingham Street, Walsall, WS1. With Yields Of 6.00%.

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A two bedroom terraced house in the Chuckery area of Walsall, WS1. Plenty of photos of this one, which shows a very nice lettable spec. Neutrally decorated in the majority of the rooms and with two double bedrooms and a separate cloakroom WC. There is gas central heating and double glazing with one of the bedrooms with single glazing only. Most importantly the property is freehold. The rear garden looks to be in fine fettle, but sadly the cat is not included.

The asking price is for offers of £95000. This is average for a property of this type in this area.

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2 Bed Terraced House, Cobden Street, Walsall, WS10. With Yields Of 6.00%.

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A two bedroom terraced house in the Wednesbury area of Walsall, WS10. Sadly only one photo exists of the external front of the property and nothing of the internal. However, from the description it seems a fairly good spec with the only admission that the rear garden needs of “Modernisation”. I have no idea what that means, maybe the grass requires sanding down and re-varnishing, I dunno?

The asking price is for offers over £90000. This is just below average for a property of this type in this area, but the fact that offers should be over £90000 means that they are probably looking around £100000 for this one.

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Walsall’s Poor Estate Agents!

Walsall’s Poor Estate Agents!
Walsall’s Poor Estate Agents!

After a little hiatus I am now back on the Blog.

My friends often call me an estate agent, but then I remind them that whilst a lot of estate agents do both property sales and lettings, I am first and foremost a landlord myself and will always be and as a result of my own success by default, I became a letting agent. I have been a letting agent for over 11 years now and plan to remain a letting agent only.

By specialising in lettings, it enables me and my team to get the job done right. In a recent article, when we spoke about the difference between neighbouring property markets and their prices, one landlord who popped his head round our door in Orchard Road to chat about the Walsall property market got talking about how he thought there were less for sale boards Continue reading

3 Bed House, Lincoln Road, Walsall, WS1. With Yields Of 6.30%.

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A 3 bedroom terraced house on Lincoln Road, Walsall, WS1. The property is being marketed by I Love Homes (01922 312 832). The property looks like a pretty decent spec and with a minimal outlay can tweak the spec a little further with some decor changes and sorting out the rear garden. Marketed at offers of “In the region of” £99950 with I love Homes (01922 312832).

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Walsall Property Numbers Tell Us a Different Story!!

Walsall Property Numbers Tell Us a Different Story
Walsall Property Numbers Tell Us a Different Story

New Prime Minister, Theresa May, has taken no time at all to comment on housing in the UK.  Speaking in Birmingham, she said it was important to give people more opportunity: “It is why housing matters so much, and why we need to do far more to get more houses built. Because unless we deal with the housing deficit, we will see house prices keep on rising. Young people will find it even harder to afford their own home”.

I thought I would look at the Walsall property market numbers to highlight what sort of problems she faces.

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3 Bed Terraced House, Butts Road, Walsall, WS4. With Yields Of 6.30%.

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A 3 bedroom terraced house on Butts Road, Walsall, WS4. The property is being marketed by Bairstow eves (01922 321 791). Unfortunately, the listing lacks photos of the bathroom and two of the bedrooms. The spec looks right on the money with no major issues that need immediate attention. Marketed at offers of over £100000, however it is interesting to note that the price has been reduced by £10000 in just over a month since being listed.

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2 Bedroom Terraced House, King Street, Walsall, WS1. With Yields Of 6.33%.

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A two bedroom terraced house in the Palfrey area of Walsall, WS1. A pretty much decent spec here and one that can be let as is. The asking price is £90000, which is about average for a property of this type and area. The location is ideal for local schools, all within a mile. 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 less than a mile away. There is double glazing, gas central heating and parking is on-road. I would urge a viewing asap.

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Is the buy to let dream over for Walsall Landlords? Property Transactions in the Borough down by 23.3%!!

Is the buy to let dream over for Walsall Landlords? Property Transactions in the Borough down by 23.3%!!
Is the buy to let dream over for Walsall Landlords? Property Transactions in the Borough down by 23.3%!!

In this post credit crunch world of sub terrain low interest and annuity rates, the growth of buy-to-let since 2009 has been phenomenal. The rates are so low, even a limbo dancer would struggle! So much so, there has been an evolution in purchase of property in the UK from that of just buying the roof over one’s head to that of a buy-to-let investment where it is seen as a standalone financial asset to fund current and future investment – complimenting or even replacing a pension. So recently, a couple of weeks before the release of latest Land Registry data of property transactions, quite a few market commentators were anticipating a huge increase in the number of properties sold in March as the 1st April 2016 stamp duty deadline got closer.

So what do the numbers tell us?

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“Ready To Go!” 2 Bedroom Terraced House, Pargeter Street, Walsall, WS2. With Yields Of 7.13%.

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Roll up, roll up guys and gals and feast your eyes on this little beauty! My advice? Get in there now and arrange a viewing! Unfortunately, no photos of the bedrooms or rear garden, but from what I can see, the spec is bang on the money. If the two bedrooms are in just as good a condition, then this baby is good to go.

A two bedroom terraced house in the Birchills area of Walsall, WS2, The asking price of £79950 and if everything checks out, is an absolute bargain! Apologies for all the exclamations, but someone else is gonna snap this up. The asking price alone is a good twenty grand below the average and nothing, on the face of it, needs to be done in order to let this one out straight away.

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