Best Letting Agency Walsall

The Number of Days it takes to Sell my Walsall Home is…?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
The Number of Days it takes to Sell my Walsall Home is…?

The Number of Days it takes to Sell my Walsall Home is…?

The past 15-17 months has been an interesting time in the Walsall property market without question. I can only speak for myself but many of my fellow professionals, clients and associates will attest to the feeling of being on a rollercoaster ride. With that being said, often I am asked the same question…how long is the average time it takes to sell my Walsall home? Well…     

…with 213,120 UK house buyers and 58,580 UK tenants moving home in September, the time has been manic for many people. This means that some Walsall homeowners are asking if they should be staying put? Or, should they wait for the best home to come onto the market before putting their home up for sale or find a buyer but be unable to find a property – it’s all rather confusing.

Then we have some Walsall landlords who are asking themselves if they should buy another property investment and some even wondering if they should sell and cash in on the boom.

Finally, with 95% mortgages back, first-time buyers are asking if they should look to take the plunge and buy their first home or wait.

In this article, I hope I can help you with the decisions you might want to make and to navigate this unusual post lockdown housing market. Let me start with some stats to show you what is happening at the moment in Walsall.

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Are we heading for a House Price Crash in Walsall?

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

Are we heading for a House Price Crash in Walsall?

Walsall house prices rose by 2.7% last month, according to the Land Registry. This means the annual rate of house price growth in Walsall has increased from 3.9% last year to 19.8% this year.  That is a whopping increase of 15.9%!!

Looking at the national figures, many people were concerned the UK property market was overheating as spring saw annual growth of 9.9%, the highest rate of house price growth documented since June 2007 when national house prices were rising by 10.8% p.a.

It was only a matter of a few months later the Credit Crunch hit, and the average value of a UK home plummeted from £190,032 to £154,452 in 18 months, a drop of 18.7%.

Government economic measures such as the Furlough Scheme and the Stamp Duty Holiday have so far shielded the Walsall property market from the worst economic recession since 1709.

So, the question is, can this growth in Walsall house prices continue, or is this the start of a house price crash?

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The Government’s 5% Mortgage Scheme and it’s Effect on the Walsall Property Market Explained

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , ,
Walsall’s Goverment Backed 5% Deposit Mortgage Scheme

Just before lockdown there were around 400 ‘5% deposit mortgage’ deals and first-time buyers were able to shop around to get the best deal. When the first lockdown hit, 5% deposit mortgages disappeared, meaning that as many Walsall would-be first-time buyers were about to buy their first Walsall home in 2020, the rug was pulled from under their feet.

Today, you can count on two hands the number of mortgage deals which allow a 5% deposit.  Even worse, the number of hoops one has to jump through to get a 5% deposit mortgage is very high.  On top of that, you have to pay handsomely for the privilege, with mortgage rates of at least 3.95%.

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My Walsall BTL Deal of the Week, A 2 Bed Terraced in WS3 With Minimum Yields Of 5.14%

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

A two bed terraced house on Plover street, Walsall, WS3. Listed just over a week ago. A very good investment opportunity if you are a Walsall landlord.

The property is situated on a newbuild site in Bloxwich, which is fantastic for rental properties. Plenty to look at in the listing and is really shown off well. The property is ideal and does not require any changes to it on the face of it, unless of course, you really want to. I do urge a viewing ASAP!

It’s on the market with Webbs Estate Agents 01928 265021 and Arrange a viewing today!

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My Walsall BTL Deal of the Week, A 2 Bed Semi Detached Terraced in WS2 With Minimum Yields Of 5.57%

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

Yes, that’s right two buy to let opportunities in the same week, nay the same day! A two bed terraced house on Balmoral Way, Walsall, WS2. Listed 7 – 10 days ago. Another very good investment opportunity if you are a Walsall landlord.

The property is situated on a newbuild site in Reedswood, which is fantastic for rental properties. Plenty to look at in the listing and is really shown off well. The property is ideal and does not require any changes to the decor, unless you really, really want to. I do urge a viewing ASAP!

It’s on the market with Bairstow eves call them on 01922 312791 and Arrange a viewing today!

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My Walsall BTL Deal of the Week, A 2 Bed Terraced House in WS5 With Yields Of 6.00%

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

A two bed terraced house on Delamere drive, Walsall, WS5. Listed 3 days ago. Another very good investment opportunity if you are a Walsall landlord,.

The property is situated on a newbuild site on the Yew Tree estate, which is excellent for rentals. There are Plenty of photos for the property showing it off well. The property is ideal and does not require any changes to the decor, garden or driveway. I do urge a viewing ASAP!

It’s on the market with Acorns & Co. (01922 312060).  Arrange a viewing today!

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My Walsall BTL Deal of the Week, A 2 Bed Semi in WS2 With Yields Of 5.57%

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

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A two bed semi detached house on Yorkshire grove, Walsall, WS2. Listed approx. three weeks ago, therefore I smell a potential bargain. This is a very good investment opportunity if you are a Walsall landlord,.

The property is situated on a very popular estate for rentals just off Bloxwich road leading out of Walsall town centre. Plenty of photos for this property, really show it off well. The property is ideal and does not require any changes to the decor, just maybe a small amount of tlc to the rear garden. I do urge a viewing ASAP!

It’s on the market with Webbs Estate Agents (01922 345939).  Arrange a viewing today!

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My Walsall BTL Deal of the Week, A 2 Bed Semi in WS2 With Potential Yields Of 6.22%

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

A two bed semi detached house on Northumberland Way, Walsall, WS2. Listed yesterday, another top notch investment opportunity if you are a Walsall landlord, viewing higly recommended.

The property is situated on a very popular estate for rentals. I don’t know what is happening with some agents recently and the lack of photos, but this one has suffered the same fate. At least we have photos of the kitchen, living room and rear garden as well as the external front elevation. It ticks all the right boxes, but I do urge a viewing ASAP!

It’s on the markert with Lovett & Co. (01543 526007).  Arrange a viewing today!

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My Walsall BTL Deal of the Week, A 2 Bed Semi in WS2 With Yields Of 6.50%

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

A two bed semi detached house on Nottingham New Road, WS2. This is just a quickie today and if you are a Walsall landlord you need to act on this one NOW!

The property is situated on a very popular estate for rentals. Unfortunately the listing on Zoopla lacks all the necessary photos. There are four and all of the external of the property, nothing internal and the proeprty has been on the market since 02/07/2020, go figure. On the face of it, the property hits all the marks for a rental, but without knowing what the property has to offer visually, it’s a moot point. Therefore, you need to arrange a viewing ASAP!

It’s on the markert with Homepoint (01922 312002).  Arrange a viewing today!

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My Latest Walsall BTL Deal of the Week, A 2 Bed Semi in WS2 With Yields Of 6.00%

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

A two bed semi detached house on Kenilworth Crescent, WS2. If you are a Walsall landlord you may or may not know that right now properties like this are selling like hot cakes in the BTL market. So, if you are in a position that you have 130k cash to invest in a property like this, I would seriously recommend that you take a look at this bad boy asap. How do i know this? I am currently sourcing properties for my local clients at this moment in time and I have my eye on thhis one. If you don’t snap it up, someone will, very quickly.  This is a perfect property for a long-term BTL.  Listed 3 days ago this two bedroom semi detached house is being marketed at £130k by Bairstow eves (01922 312791).  Unfortunately, there are photos missing of the kitchen and bathroom, but as I always say, that is what viewings are for. The decor looks pretty much half decent and the garden looks like it needs some minor outlay and tlc to bring it up to spec, but other than that it is pretty much good to go.

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