“Pristine” 1 Bed Apartment, High Ridge Close, Aldridge, WS9 With Yields Of 8.49%

 

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A one bedroom apartment, High Ridge Close, Aldridge, WS9. The asking price is around £70000 with Cross & Co of Darlaston (0121 659 7913).

Check it out here: http://www.zoopla.co.uk/for-sale/details/39608115

This is just another quickie today. The reason being is that the property listing is shockingly lacking in information and details. However, based on the photos alone, it would be very remiss of me not to let you now about this real gem of a find. I’ve just got one word to describe this superb opportunity…Pristine! It really is top notch “good to go-ness”.

Let’s get in there, well…With what we know…

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“Nice Spec” 3 Bed Mid-Terrace House, West Bromwich Road, Walsall, WS1 With Yields Of 6.26%

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A three bedroom mid-terrace house, West Bromwich Road, Walsall, WS1. The asking price is around £94950 with I Love Homes of Walsall (01922 321 007).

Check it out here: http://www.rightmove.co.uk/property-for-sale/property-40162419.html

Another typically looking terraced house from the outside, but hiding a very well presented property on the inside.

Let’s have a look…

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Would you rent your Walsall property to a Housing Benefit applicant?

Would you rent your Walsall property to a housing benefit applicant?
Would you rent your Walsall property to a housing benefit applicant?

What does the ideal Walsall tenant look like?”, asked one of my landlords from Brownhills the other day, to which he carried on before I could reply, “Let me guess, a professional couple, both in their 30’s, flawlessly tidy, pays their rent early, doesn’t complain or fuss, with no plans to move any time soon and cheerfully accepts annual rent rises”.

Before I can answer that question properly, I have always believed all a landlord wants, and expects, of their tenants is to pay their rent on time and look after the property as if it were their own.  In return, the landlord should provide a property that is warm, clean, and damp free and resolve any maintenance issues quickly and without fuss.

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“Great Location” 2 Bed Mid-Terrace House, Holtshill Lane, Walsall, WS1 With Yields Of 6.75%

 

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A two bedroom mid-terrace house, Holtshill Lane, Walsall, WS1. The asking price is around £80000 with Springbok Properties based in Manchester (0161 300 3968).

Check it out here: http://www.zoopla.co.uk/for-sale/details/39095621

First things first, the property has been “attractively priced” to encourage a faster sale according to the property details, sooooo…Maybe a little wiggle room depending on how desperate they are to sell?!

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“Intriguing Opportunity”? 3 Bedroom House, Wolverhampton Street, Wednesbury, WS10. With Yields Of 6.66%.

 

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A three bedroom end terrace house, Wolverhampton Street, Wednesbury, WS10. The asking price is in the region of £90000 with Lovett & Co Estate Agents of Lichfield (01543 526 007).

Check it out here:

http://www.zoopla.co.uk/for-sale/details/38612980

Ok, so Lovetts are marketing this as an investment opportunity for rental. It caught my eye for this very reason. However, on closer inspection I was a little disappointed at what I was dealing with.

Here’s why..?

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The death of home ownership in Walsall…??

house ownership

I had the most interesting chat with a mature couple (in their early/mid 50’s) from the Aldridge area the other day, whilst viewing one of our rental properties.  The property wasn’t for them, but their son, who wanted a second viewing with his parents to get the parental blessing.  Now I know that isn’t the norm, but in this case the parents were going to act as guarantor.  We got chatting about the Walsall property market and how they had bought their first property in the town just after they got married in the late 1980’s when they were in their early/mid 20’s.

Anyway, we got chatting about how the youngsters of the UK seem to rent more than buy nowadays and from that the conversation covered a number of similar topics.  I want to share the highlights of that conversation with you today.

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“Fancy A Quickie?” 2 Bedroom Maisonette, Howdles Lane, Brownhills, WS8. With Yields Of 7.84%.

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A two bedroom maisonette, Howdles Lane, Brownhills, WS8. The asking price is in the region of £65000 with Bloom Property Estate Agents based in London (01727 294 976).

Check it out here:

http://www.zoopla.co.uk/for-sale/details/39192943

I was in two minds whether to highlight this one, but I thought what the hey, why not? I try to cover a wide range of property types and in as many different areas as possible.

let’s take a look on the inside.

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Walsall Property Market or The London Stock Exchange? Where shall I put my savings…??

House Cash

It is almost 7 years since Mervyn King, the then Bank of England Governor, slashed UK interest rates to the unparalleled figure of 0.5% – 5th March 2009 to be precise!  In just under five months, starting on 8th October 2008, the rate had come down from 4.5% to that low figure, all in an attempt to ensure the British economy survived the worldwide credit crunch and there it has stayed since.

In the Summer of 2015, people were predicting a rise in the New Year, yet now, some forecast it may stay at this level for years yet to come with the issues in China.  Now, I am not some City Whiz kid with a hotline to Mr Carney at Threadneedle Street, but merely a humble letting agent from Walsall, so I cannot profess to know what will happen to interest rates.  However, what I do know, speaking to my Walsall friends and Walsall landlords is that these low interest rates have hit savers really hard.

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“Tardis” Found In Walsall. 1 Bedroom Apartment, Camborne Road, WS5. With Yields Of 6.75%.

 

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A one bedroom apartment, Camborne Road, Walsall, WS5. The asking price is in the region of £80000 with Shipways of Great Barr (0121 659 1499).

Check it out here:

http://www.zoopla.co.uk/for-sale/details/39182335

I’m on a roll again today, when the “Good To Go” radar is hot, it’s hot! Park Hall is an excellent and very popular location in Walsall. Some consider it to be the “posh” end of the street and therefore prices in general can be higher.

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“Compact And Bijou” 1 Bedroom Apartment, Cotterell Court, Butts Road, Walsall, WS4. With Yields Of 7.00%.

 

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A one bedroom second floor apartment, Cotterell Court, Butts Road, Walsall, WS4. The asking price is in the region of £60000 with Connells of Walsall (01922 716 026).

Check it out here:

http://www.zoopla.co.uk/for-sale/details/38911556

Just a quickie for today. Cotterell Court is a popular block apartments with a mix of rental and home owners. In general they are “compact and bijou” and absolutely ideal for a single person to rent and this one is no exception.

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