Walsall First Time Buyers Should Make Hay Whilst the Sun Shines!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Walsall First Time Buyers Should Make Hay Whilst the Sun Shines!
Walsall First Time Buyers Should Make Hay Whilst the Sun Shines!

I was talking to one of my portfolio landlords the other day as I was helping him to source another buy-to-let property when he mentioned something that made me think.  He was complaining about the amount of additional Stamp Duty he had to pay (due to the increase in April 2016), which I have discussed in a previous article on this blog.  This made me think about the other side of the property market who stood to benefit from the investors gripe..first-time buyers of course!!

There’s a whole legion of wannabe Walsall first-time buyers keen to get on the property ladder and they now have a 3% price advantage over the previously quicker responding army of Walsall landlords with cash at the ready. Since the start of April, buy-to-let landlords have had to pay an additional 3% stamp duty on their purchases so, whilst demand from some buy-to-let landlords has dropped away, in the interim, it offers first time buyers a chance to fill the vacuum with less competition from cash rich landlords – over two thirds of buy-to-let properties were purchased without a mortgage in the last 7 years – who could bid more and complete quicker.

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2 Bedroom Terraced House, Bentley Lane, Walsall, WS2. With Yields Of 6.34%.

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

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A two bedroom terraced house in the Birchills area of Walsall, WS2, listed 3 days ago! There’s room for improvement here as the spec is not up to a lettable standard in my humble opnion. The asking price is £89950. 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 sooner as soon as you can.

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3 Bedroom Terraced House, Glastonbury Crescent, Walsall, WS3. 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 on Glastonbury Crescent, Walsall, WS3. Billed as an investment property. It has a pretty much standard spec, so to get top dollar I would advise upgrading the decor/ flooring/ bathroom etc. I would advise a viewing as soon as possible to check out the property internally, after all, that’s what viewings are for, right? There are many schools locally and many are within a mile distance. 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, Pelsall and Brownhills town centres. There is double glazing and gas central heating.

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Walsall Tenants are Setting Their Own Rents!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,

Last week I went to meet a landlord who found me through my blog.  The property was a traditional end of terrace in north Walsall between Leamore and Coalpool.  The landlord had the property with an agent from out of the area and wanted my opinion.  Or at least that’s what I thought…

Quite often, when talking about the rental market, we talk about property, condition, area, location, amenities/ facilities etc. and seem to forget one of the most important parties to the equation… tenants.

Without tenants, there is no demand for the rental property. The profile of the Walsall tenant has changed and continues to change.  Although this is in part due to the credit crunch, job mobility and the raising of deposits, an increased number of people in their twenties are choosing to rent rather than buy and have done so, even when they were in a position when they could have bought a property.

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2 Bedroom Terraced House, Broad Lane, Walsall, WS3. With Yields Of 6.43%.

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

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A two bedroom terraced house in the Bloxwich area of Walsall, WS3. A superb spec on this property and can be let as is. Not much to look at on the outside, but inside a very nicely presented property. The asking price is at the higher end due to the higher end spec and area. The location is ideal for local schools. many within a mile radius. Healthcare amenities such as doctors, dentists and chemists are also within easy each. Transport services are excellent with bus and rail routes nearby. Bloxwich town centre less than a mile away and Walsall town centre not much further. There is double glazing, gas central heating and parking is on-road. I would urge a viewing sooner, rather than later.

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2 Bedroom Terraced House, Rowland Street, Walsall, WS2. With Yields Of 7.12%.

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

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A two bedroom terraced house in the Birchills area of Walsall, WS2, listed today! A very nice spec here and one that can be let as is, but as you know, there is always room for improvement. The asking price is £80000 and on first glance appears to be a bargain at that price. 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 sooner as soon as you can.

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One Bedroom Terraced House, Camomile Close, Walsall, WS5 With Yields Of 6.25%.

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

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A one 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. I like the “Compact and bijou” style of the property and the spec is nicely presented. Even though the property has double glazing, the heating type is not mentioned and although there is a gas fire in the lounge, the heating is probably electric considering the panel heaters on show. Parking is stated as off-road. It would be better appreciated by a viewing. 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.

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EU Referendum – 67.9% of Walsall Voters Vote With Their Feet…

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
EU Referendum - 67.9% of Walsall Voters Vote With Their Feet...
EU Referendum – 67.9% of Walsall Voters Vote With Their Feet…

As most of the polls suggested a Remain Vote, it came as a surprise to most people, including the City. The Sterling has dropped 6% this morning (at time of typing article), after the City Whiz kids got their predictions wrong and MP’s from the Remain camp are using words like “challenging times ahead”.

.. and now the vote has been made .. what next for the 67,280 Walsall homeowners especially the 33,748 of those Walsall homeowners with a mortgage?

The Chancellor in the campaign suggested property prices would drop by 18%. Using Treasury estimates, their method of calculating this was tenuous at best, but focused around the abrupt and hasty increase in UK interest rates, which in turn would raise the cost of mortgages, and therefore lower demand for property, causing a drop in property prices.… and I would agree and say, yes .. that will probably happen.

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1 Bedroom House, Wareham Close, Walsall, WS3 With Yields Of 7.42%.

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

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A one bedroom on a popular part of the Coalpool area in Walsall. The area’s profile has been raised substantially since major redevelopment and is now a popular choice for rental. The property is well presented and the spec is just what the doctor ordered. I would urge a viewing on this one as soon as possible. The location benefits from being within easy reach of all the major road networks, services and other amenities lending easy access to Walsall, Bloxwich, Pelsall, Willenhall town centres.

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Has the Walsall Property Market bubble finally burst?!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
Has the Walsall Property Market bubble finally burst?!
Has the Walsall Property Market bubble finally burst?!

A number of landlords, first time buyers and investors have approached me recently, asking about the Walsall property market.  The common thread in these conversations is the question around all these headlines of massive increases in property values in the UK.  Should we be worried we are about to have a price crash?

I’m not going to proclaim that everything is now hunky dory with our economy but it is now actually looking a lot healthier (compared to the doom and gloom of 2008), and there are signs we are seeing more green shoots confirming an actual recovery after several false starts.

I am of the opinion that over the last few years, whilst mortgages have been a little more difficult to obtain than the last decade of the 2000’s, this lack of mortgages has produced some pent up demand for property.  Now we appear to be on the other side of the financial crisis, and the banks are more willing to lend, this is why sales, prices and first-time buyer numbers have improved so rapidly.    

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