3 Bed Semi with Conservatory – Yield of 5.4%

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

e7018560ac46c41440c3c0d6e7f02faf6c52aac630483049a52b3b9786905e6648555520d72d47e1

Wrexham Avenue, Bentley, Walsall, WS2 is on the market with Love Your Postcode B’ham (0121 659 7776) priced at £114,950.  For the full particulars please click on the link to the agent’s advert below:

http://www.zoopla.co.uk/for-sale/details/photos/37949696

I have to say that I like the look of this property which is situated ideally near J10 of the M6.  It has plenty of plus points such as a nice fitted kitchen/ diner and a spacious lounge and conservatory downstairs.  A low maintenance rear garden and an upstairs bathroom which you sometimes do not get with these types of houses.  Not to mention the cul-de-sac location.  The only con is that the driveway is shared and I personally don’t like the argy-bargy of sharing.  However, there is plenty of space to make suitable future changes with a garden out front which looks like you would be able to fit several cars after adding a driveway.

Continue reading →

2 Bed Maisonette with sitting tenants – potential yield of 6.4%

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

Thorncroft Way - 2 Bed Kitchen

Thorncroft Way, Yew Tree, Walsall, WS5 is on the market with Shipways (0121 659 1499) at £80,000

http://www.zoopla.co.uk/for-sale/details/photos/36422634

The Yew Tree area of Walsall has been the focal point of regeneration for the past 15-20 years now.  Development is still ongoing with new housing nearby which is a good indicator of potential capital growth.  This property was on the market in March 2015 with an asking price of £100,000 recently reduced to £80,000.  Looking at the pictures I would suggest that very little is required by way of improvement to the property and an astute buyer would look to negotiate further on the price.

Continue reading →

Buying a house for the same price as a TV!

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

An elderly gentleman popped into the office a couple of days ago to ask about, of all things, inheritance tax!  He had read an article in our recent newsletter and wanted some more information so I put him in touch with our tax specialist to arrange a chat.  We got talking about investing in the Walsall property market and he reminded me that in his day, you could have bought a property for the same price as a decent second hand car would sell for today and that his father was buying property for the same price as a decent 50 inch LCD TV!

TV-300x188

Continue reading →

This two bedroom apartment near Wolverhampton University (Walsall Campus) will give you a great yield.

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

62745132a0fee4058c9e04fffc025225d2501527

Spring Court on Birmingham Road, Walsall, WS1 is on the market with Homepoint (01922 312002) at £95,000

http://www.zoopla.co.uk/for-sale/details/photos/34782409

Now I’ll be honest and tell you that I’m not a fan of apartments but I have to tell you that this one is set in lovely grounds with more pros than cons.  Therefore, I have been compelled to inform you that I think this makes an ideal buy-to-let investment.  With a really good potential yield of 6.25% I feel this will make an ideal investment for any type of landlord be it novice or professional.  Ideally situated near the University and major commuting routes/ town centre.  If you are thinking of investing in a buy-to-let in Walsall why not get in touch.  If you want my opinion on any property in Walsall and how I think it will perform in the rental market please send me a link to the property at salekm@ashmorelettings.co.uk and I will be more than happy to pass judgement.

What type of property is best to purchase as a buy-to-let in Walsall?

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

I received a call from an investor this week looking to buy a property for rental in the Walsall area.  He said he has a varied portfolio around the country but Walsall had piqued his interest as it sits right in the middle of two cities; Wolverhampton and Birmingham.  With so many properties and many sub-areas of Walsall, what type of property and in which location would bring about the best returns?  What to do?

confusion_111

Continue reading →

Great opportunity for Buy-to-Let in Coalpool, Walsall, WS3 (potential yield of 5.15%)

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

909c04d6ad398890a2e822c24488313e25db13b6

Reduced from £159,995 to £157,495 this 3 Bed Detached property is worth a punt and given the short time the property has been on the market with a price reduction already, I would suggest the seller is keen to sell.  Play your cards right and you could negotiate your way to a further decrease in price, increasing on the potential yield of this detached property.

On the market with Debra Ball Homes (01922 312069) the full particulars can be found by clicking on this link below:

Continue reading →

To Extend or Not To Extend? That Is The Question….

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

Last week, a Walsall landlord emailed me, after reading one of my local articles, to ask if he should extend his terraced house, making an extra bedroom in the loft. He had a builder friend who owed him a favour, and thought it a good way to achieve an ‘inexpensive’ extension.

Having more useable space is generally thought to be consistent with better quality accommodation and homeowners and tenants are prepared to pay for it. If you added a bedroom to a two bed terraced to make a three bed terrace, it will add around 10% to the value of the property.  Turn a three bed terraced into four bed terraced, and approximately 9% will be added to the value. Looking at semi-detached properties, turning a two into a three bed and around 12% will be added to the value, whilst making a three bed semi into a four bed will add 9% in value.

Bedrooms

Continue reading →

Buy-To-Let in Walsall. It’s All About Supply And Demand.

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

I had a lot of enquiries and conversations following my recent article about the state of the Walsall & Surrounding Area Property market and in particular what had happened to rents in the area since 2008. If you recall, I said that rents in Walsall are still 4.68% lower than they were in 2008. One particular Walsall landlord rang me after reading the Property Blog wanting to know more of the story of what was happening to rents in the Town. The reason he asked was that his current agent hadn’t increased his rent for a number of years and he was questioning whether he was getting the best return from his buy to let investment.

supplydemand

Continue reading →

Do We Have A Dual Speed Property Market in Walsall?

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

Looking specifically at it from a Walsall landlord’s point of view, the Walsall properties favoured by investors are in short supply in many parts of the town because of a number of factors. One of the factors has been that we have seen the number of first time buyers coming to buy their first home increase over the last 12 months in Walsall.  Another factor has been the fact that the banks have been pushing ‘let to buy’ – yes ‘let to buy’ is different to ’buy to let’! – to homeowners (more of ‘let to buy’ in an up and coming article). Next, because of the banks, who are chasing low risk landlords with high deposits with very low mortgage rates – and the low risk landlords with high deposits tend to be attracted to the safer modern two and three bed town houses and semis in Walsall.

2speed

Continue reading →

Are Walsall Landlords On Par With Politicians and Traffic Wardens?

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

At the time of the last census in 2011, there are 3,401,675 properties in England that were privately rented, of which it is estimated, were owned by over 1.25 million private landlords. The rapid growth of buy-to-let is hugely controversial, especially as only ten years before that, there were only 1,798,864 properties under private renting in England. Buy to let landlords have been held responsible for forcing up property prices and preventing our younger generations from being able to buy. There is also growing resentment toward the billions of pounds in tax relief (estimated to be nearly £10 billion) landlords claim on their mortgage interest tax relief not available to home-owners.

They may be asset rich thanks to recently rising property values, but let us not make the landlords the warlocks they could easily be called! They are not quite on a par with the traffic rangers who raise around £1.4 million a year for the Council! Despite all these benefits enjoyed by private landlords, let us not forget the good they have done, especially in Walsall.

Traffic Warden

 

Continue reading →