Why it makes sense to invest in property in Walsall…..

So I had an interesting conversation with a landlord recently from the south who was looking to invest in Birmingham. Even though he has a property we manage for him in Shenstone he still calls it Birmingham so when I informed him about some mouth watering deals you could have in Walsall, he asked me where that was! Anyway, we started to talk about the local property market in Walsall and I shared with him my thoughts and why, to me at least, it makes sense.

The Land Registry have just released their latest set of figures for the Walsall Property Market, and it makes interesting reading – as average property values in Walsall rose by 0.2% in May.

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3 Bed End Terrace in Leamore, Walsall – Yield of 5.9%!!

26/09/201526/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, How to Rent My Property Walsall, letting agent walsall, walsall property, walsall property market

Cope Street, Leamore, Walsall, WS3, is on the market with Bairstow Eves Countrywide, Walsall (01922 218043) priced at £100,000. For full property particulars please click on the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38181058

The yield achievable on this property is what attracted me to this property which just came on the market a few days ago. What makes this a good investment opportunity is not only that my favourite curry house is a short walk away but as a buy to let (BTL) investor with a small budget this makes an ideal purchase.

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1303% returns for Walsall landlords since 1999…

22/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market Best Letting Agency Walsall, BTL, Find Affordable Rental Properties in Walsall, How to Rent My Property Walsall, Renting Property in Walsall, Walsall

Investing in property is essentially different from investing in stocks and shares or putting money in the Building Society. Whilst these other investments (Building Society Passbooks, Stocks and Shares etc) are passive i.e. once the money has been invested it you leave it alone, with BTL, things are more hands on, in fact it’s almost a business!

One thing the landlords I speak to say is the fact that they like BTL because it is both an investment as well as a business. It is this factor that attracts many of my Walsall landlords – they are making their own decisions rather than entrusting them to others – such as City Whizz Kids in London playing roulette with their pension pots.

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New Build – 2 Bed Semi in Leamore – Yield of 5.5%

19/09/201519/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, letting agent walsall, property deals walsall, walsall property

Yorkshire Grove, Leamore, Walsall, WS2 is on the market with Goodchilds, Bloxwich (01922 312016) priced at £130,000. The full property advert can be found at:

http://www.zoopla.co.uk/for-sale/details/38157133

Search for this property with a postcode on Google Maps or on any other navigation system and you’ll probably end up taking a scenic tour of Walsall! Situated on a new development (joint venture by Mar City Homes and Taylor Wimpey), called Jubilee Gardens I think this makes an ideal investment property for a few reasons. This site used to be the old dumping ground for the local authority which was occupied by the DWP and warehouses/ storage for old buses. Now transformed by the developers which has plans to build approximately 200 new homes. Like with any new development under section 106 rules there is some social housing present however, these are given under the owner-occupier tenure of shared ownership leases.

Personally I like new builds which are built well. They usually come with a retention period of at least 12 months from the builder and NHBC guarantee of 10 years. There is no refurbish work to undertake and with the decoration done all the tenant has to do is move in with furniture to make it a home. What I particularly like about this development is the potential for capital appreciation. In recent years, whilst many areas of Walsall has undergone regeneration of one type or another the northern part of Walsall has seen, by way of comparison, very little. The good news is that many developments are now going up with lots of other regenerative plans for the area. Over time these areas will become attractive and appealing to both home buyers and renters. A healthy recipe for potential capital appreciation.

Slightly pricey at £130,000 I would certainly negotiate and see if I can reduce the asking price but even at this price you would be able to easily achieve a yield of 5.5%.

If you would like my opinion on any investments please feel free to send me the links and I’ll happily share my opinion with you. I can also assist with the whole buying process if you are a new buy-to-let investor from negotiating to assisting with arranging a mortgage and of course finding you a half decent tenant!

Email: salekm@ashmorelettings.co.uk

Phone: 0345 257 9850/ 01922 637672

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Walsall Property Prices….the long climb back!!

14/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, capital growth, landlords, letting agent walsall, walsall property, walsall property market

Here’s a post that you may have to read a couple of times to get the gist!

Some landlords have been speaking to me recently about stories in the press and their concerns about booming house prices and the next housing bubble. Whether you are an established landlord or one considering entering the market for the first time, it is of utmost importance that you do your homework. Buying a property in Walsall and the surrounding area is an investment, and as such, one needs to do one’s homework.

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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!