The Key To A “Lettable Standard”. One Bedroom Maisonette, Cedar Road, Burntwood, Walsall, WS7 With Yields Of 6.75%.

 

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A one bedroom maisonette, Cedar Road, Burntwood, Walsall, WS7. The asking price is in the region of £79950 with Chariot Estates of Burntwood (01543 526 005).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/38010900

It’s a question I get asked a lot by landlords and that question is, “What improvements do I need to make to my property in order to let it”…Or words to that effect.

There are many facets to consider of course, but the best way for me to answer that very question is to show you. The property highlighted in this article is an excellent example of what a lettable standard is.

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The ‘Liquorice Allsorts’ – Walsall Property Market!

ALLSORTS

I had an interesting meeting with one of my local Walsall landlords this weekend.  He wanted some advice around his current existing portfolio which he was looking to expand in a new direction by adding properties that would give him a higher rental yield today.  I’ve always advocated having a portfolio of a mixed bag of properties.  Looking at his current portfolio I noticed that they consisted of properties with generally a low or average yields so as usual this made me think about the Walsall Property Market.  In general a mixed bag of ‘liquorice allsorts’ (in property terms) can ease current cash flow and build you a nice nest egg for the future.

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“If The Slipper Fits…” Two Bedroom First Floor Apartment, Brook Lane, Great Wyrley, Walsall, WS6 With Yields Of 6.35%.

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A two bedroom first floor apartment, Brook Lane, Great Wyrley, Walsall, WS6. The asking price is in the region of £85000 with Butters Jon Bee of Cannock (01543 526 779).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/37939427

I have to be honest with you, I almost overlooked this one, a “plain Jane” of a property I thought with nothing that stands out. However, I am very much a firm believer in looking beyond the immediate and “seeing” the potential a property can offer. This is very much a case in point. With a lot of TLC this can definitely be turned from a “Cinderella” into the “belle of the ball”.

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2 Bed Mid-Terrace House, Equestrian Grove, Walsall, WS1 With Yields Of 5.5%

Equestrian Grove

A two bedroom new build mid-terrace home on Equestrian Grove, Walsall, WS1. The asking price is £125,000 with our friends at Connells Estate Agents (01922 716026).  Check it out here or just click on the picture above:

http://www.zoopla.co.uk/for-sale/details/photos/39043386

Firstly I would like to wish all my readers a happy, happy new year.  Whilst, George Osbourne makes his unwitting attempts to try and spoil our future with several attempts at the buy to let market, I firmly believe that if you are in it for the long-term you will succeed in property.  I’m glad a judicial review is under way for the buy to let tax grab – read the article here http://www.property118.com/happy-new-year-george-osborne/83294/ and I urge all my readers of the blog to take action and support the case against clause 24 as it affects us all.  You can get involved here https://www.crowdjustice.co.uk/case/clause24/.

Having said that, let’s talk about my thoughts on the above property…..

 

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It’s All About The Quirk! One Bedroom Detached House, Harebell Close, Tamebridge, Walsall, WS5 With Yields Of 7.71%.

 

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A one bedroom detached house, Harebell Close, Tamebridge, Walsall, WS5. The asking price is in the region of £70000 with Wortonkelly of West Bromwich (0121 366 0352).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/32116299

Something of a curiosity this one, however there is also something very intriguing about it. How so? Well, for one thing how many one bed houses are you aware of in Walsall? I put that very question to one of our landlords. They couldn’t think of one. There aren’t many, I advised them and certainly not detached? The fact that this is the case makes this property kind of unique and therefore desirable. It appeals to those who are looking for something different, something dare I say…Quirky? That’s right, this house is Quirking at me and I like it! For those of you that don’t know what Quirking is, it’s Twerking for property!

Nestled in the highly popular and very desirable Tamebridge estate, speaks volumes as to the location and therefore the potential for long term letting.

The faux Elizabethan styling on the gable end sets the scene very nicely and the off-road parking is certainly a boon for any motorist. Let’s open the front door…

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Properties in the Highgate catchment area outperform Walsall by 27.06%!!

27.06% Up

I was having a chat with a footie-loving property investor friend the other day.  After we spent a very small amount of time discussing England’s chances of winning in the forthcoming Euro Championships (!), we got chatting about property.

He has a couple of young children and asked if schools, especially primary schools, affected the local property market in terms of demand from buyers and tenants to a property.  Anecdotally, I have always known this to be true, a good school creates good demand and good demand does affect house prices.  So, I asked my colleagues on the front line, who take the phone calls from people putting themselves on our mailing list and they confirmed that most people cite location as their number one factor.

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The “Key” To Exclusivity. 2 Bed First Floor Apartment, Woodcroft Court, Hawbush Road, Walsall, WS3 With Yields Of 8.14%

 

 

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A two bedroom flat, Woodcroft Court, Hawbush Road, Walsall, WS3. The asking price is in the region of £70000 with Acorns & Co Estate Agents (01922 312 060).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/38534070

A new build two bed first floor apartment located on a new estate in a desirable area of Walsall. It has been reduced in price within the last month by £10000, so a closer look would definitely be on the cards.

Only one and a half miles from Walsall and Bloxwich town centres and major road networks. Commuting would not be an issue.

So, in my best Lloyd Grossman voice…”Who would live in place like this?”

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Shangri-La At A Very Reasonable Price. 2 Bed End Terraced House With Yields Of 7.78%.

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A two bedroom end terraced house, Cavendish Road, Walsall, WS2. The asking price is in the region of £80950 with Connells (01922 716 026).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/38932286

It is said that the three most desirable attributes of a property are location, location, location…Enough with the soundbites, but in this particular case, the location is absolutely spot-on. Close enough to Walsall town centre and located on the border of the burgeoning Reedswood estate. Quick and easy access to the M6, Reedswood Retail park on Reedswood Way, over a dozen schools plus numerous healthcare and sports facilities.

Lets’s get inside and get up close and personal.

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Are Walsall tenants priced out of the Walsall Property Market?

Cash Pic

I had an interesting chat with a property landlord the other day about my thoughts on the Walsall Property Market.  The subject of the affordability gap between renting property in Walsall against purchasing came up in conversation and how that would affect tenant demand.  As a local Property Manager I have noticed how, in recent years, our tenancies are being sustained with tenants staying with us for longer.  So my curiosity got the better of me and I just had to take a look at the figures.  Here’s what I found…

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A Superb Family Home Found In Walsall Wood, WS9. 3 Bed Semi Detached House With Yields Of 6.58%.

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A three bedroom semi detached house, Coppice Road, Walsall Wood, Walsall, WS9. The asking price is in the region of £145000 with Goodchilds (01543 526 869).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/37765435

An immaculate and recently refurbished semi with lots of potential. This property delivers a decent rental yield of 6.58%, however those of you interested in capital growth might like to know that if the property goes for the asking price, it would mean that the property has increased in value by 26% within the last four years!

Lets’s get inside and take a closer mooch. 

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