3 Bed Terrace in WS1 With a Super Yield of 6.3%

11/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, properties, property deals walsall, rental properties

Lord Street, Palfrey, Walsall, WS1 is on the market with Homepoint – Walsall (01922 312002) priced at £99,950. Full particulars are available on the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38039763

It may not be the prettiest type of property or in the most affluent area of Walsall but there are many other pros which attracted me to this property. The first point is the yield which at 6.3% is a good return in any investor’s book. Also, the property seems like not much work is required (other than decoration preference). Being in a community where family accommodation is highly sought after this should rent out all day with very little void periods in between tenancies.

Close to Bescot Retail Park, Bescot Stadium (Sunday Market), Morrisons, J9 of the M6, Palfrey Park and my favourite Kebab Shop! Just on the market I would have no hesitation in recommending this to investors seeking a good return in perhaps an unlikely investment property.

If you wish to discuss the above or have any other property related matter you’d like to discuss, I’m happy yo hear your thoughts. Please feel free to contact me or why not send me a link to the property you would like to discuss.

Phone: 0345 257 9850/ 01922 637672

Email: salekm@ashmorelettings.co.uk

Is George Osbourne Pro Landlord?

07/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, letting agent walsall, rental properties, walsall property

Well, the last few weeks have been rather hectic as Walsall landlords. Some who use us to manage their properties and other landlords who just read our Walsall Property Blog, have been sending me emails or picking the phone up to me about the new rules on buy to let taxation announced in the recent budget and the side effects of such policies.

George Osborne confirmed in the recent summer budget that the tax relief given to landlords on mortgage interest payments, on their buy to let Buy-to- Let (BTL) properties, would be reduced over the coming years for higher rate income tax payers. The Chancellor said the tax relief that private BTL landlords (who pay the higher rate of income tax) would change in 2017 from the current 45%/40% and would steadily reduce over the following four years to the existing 20% by 2020.

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3 Bed Semi with Conservatory – Yield of 5.4%

03/09/201503/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, letting agent walsall, properties, property deals walsall, rental properties, walsall property

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.

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

31/08/201531/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, letting agent walsall, properties, property deals walsall, walsall property

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.

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Buying a house for the same price as a TV!

29/08/201529/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, letting agent walsall, properties, rental properties, walsall property

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!

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

19/08/201525/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, letting agent walsall, properties, property deals walsall, rental properties, Walsall, Walsall area, walsall property

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?

14/08/201515/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, letting agent walsall, property deals walsall, walsall property

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?

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

11/08/201512/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, property deals walsall, walsall property

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:

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

02/08/201511/08/2015 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.

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

19/07/201511/08/2015 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.