Rather than duplicate the same information again, I will just give some basic info as the properties presented are pretty much the same. Where there are more obvious differences I will highlight these.
Best Letting Agency Walsall
My BTL Deal Of The Day Is Another 2 Bed Semi, Shropshire Close, Walsall, WS2, Yielding 5.33%.
In my research to discover potential properties for buy to let investment it does appear that there are other properties on this newbuild housing estate up for sale, therefore, I will probably be covering more properties of these types in my upcoming posts over the next few weeks. Shropshire Close and it’s locality is a burgeoning area for rental properties. I have helped many of my clients to buy and rent out the properties for sale on this estate. They are selling at a reasonable price and achieve above average yields. They are newbuild and in general need very little work doing to them in order to bring them up to a lettable standard even if they have been previously occupied and in addition are ideally located. So, let’s get on with the show…
My BTL Deal Of The Day 2 Bed Terraced House Bloxwich Road, Walsall, WS2 Yields 5.50%
A traditional two bedroom end terraced house in Leamore, Walsall. This outstanding spec is well worth your time and effort to view immediately.
The effect of the recent Interest Rate increase on Walsall Property…
I wrote my thoughts in an article in October 2016 after interest rates were slashed to 0.25%. You can read the full article by clicking here. Then in December 2017 I wrote a further article when it was announced interest rates would be increased to 0.50%. The full article can be found by clicking here. Existing clients and Blog reading friends alike have been asking me for my thoughts on the recently announced increase…the current average value of a property in Walsall currently stands at £181,994 so what will the recent increase in the base rates to 0.75% from 0.50% do to the local property market?
In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 months or the last 5 years), but to answer this question we need to go back over 40 years, to 1975.
The average value of a Walsall property in 1975 was £8,285
However, since 1975, we have experienced in the UK, inflation of 807.5%.
My BTL Deal Of The Day Is A Two Bed End Terrace House North Walsall, WS3 Yielding 5.73%.
A traditional two bedroom end terraced house on Wenlock Gardens in the Coalpool area of Walsall. The spec is pretty decent and not a lot, if any, requiring attention. However, I would recommend changing the blue and green painted walls and go for something more neutral and in keeping with the rest of the property.
MY BTL Deal Of The Day 3 Bed Semi Poukhill Close, Walsall, WS2, Yields 5.12%.
Just added to the market by Yopa (01322 584 475) is a three bedroom semi detached house in the Reedswood area of Walsall. My first impression is that it is a nice sized property, but the decor would need to be changed to something more neutral for a rental property. The property has everything that is to be expected for a property of this quality. There is off-road parking to the front in the form of a blocked paved driveway. there is a garage, but would not be able to be used as such, but as storage. The front and rear gardens are low maintenance and of average sizes. All three bedrooms are double sized and the kitchen and bathroom are of modern design. Additionally, there is a dining room, conservatory and utility room. Top it all off with gas central heating and double glazing and you have a very nice rental property in a highly sought after area.
My BTL Deal Of The Day 2 Bed End Terraced House Bloxwich Road, Walsall, WS2 Yields 5.73%
A traditional two bedroom end terraced house in between Walsall and Bloxwich town centres. The spec is decent enough with the decoration having been recently upgraded.
My BTL Deal Of The Day Is A 3 Bed Semi In Rushall, Walsall, WS4 Yielding 5.57%.
This 3 bed semi detached home is situated on Burton Avenue, Rushall, Walsall, WS4. On the market with Express Estate Agency (0161 300 3987) and marketed at £140k. The full details can be found here.
If you would like an instant online appraisal as to the rental value of your property, please click here.
From the outset I have to admit that the kerb appeal of this property isn’t that great, however, open the front door and it’s like you have entered through the tradesmans’ entrance to the secret world of Narnia. It’s large, open, full of light and neutrally decorated.
“Will the Walsall Property Market Crash…?”
A question posed by a local portfolio landlord of mine last week. Who would be the gainers and losers…?
Those Walsall people wanting property values to drop would be those 30 or 40 something’s, sitting on a sizeable amount of equity and hoping to trade up (because the percentage drop of your current ‘cheaper’ property will be much less than the same percentage drop of the more expensive property– and trading up is all about the difference). If you have children planning to buy their first home or you are a 20 something wanting to buy your first home – you want them to drop. Also, Walsall landlords looking to add to their portfolio will want to bag a bargain (or two) and they would love a drop!
Yet, if you have recently bought a Walsall property with a gigantic mortgage, you’ll want property values to rise. If you are retired and are preparing to downsize, you will also want Walsall property values to rise (because you will have more cash left over after the move). Also, if you, a landlord looking to sell your portfolio or a Walsall home owner, who has remortgaged to raise money for other projects (meaning you have very little equity), you will want property values to rise to enable you to put a bigger deposit down on the next purchase.
So, before I discuss my thoughts on the future, it’s important to look at the past…
My BTL Deal Of The Day Is A 3 Bed Semi In Shelfield, WS4 Yielding 7.50%.
This 3 bed semi detached home is situated on Woodbridge Close, Shelfield, Walsall, WS4. On the market with Bairstow Eves (01922 312791). Priced at £100k, but asking for offers over that amount. The full details can be found here.
If you would like an instant online appraisal as to the rental value of your property, please click here.
The property looks well maintained and in good decorative order, but without an internal viewing it is difficult to assess what improvements are required, if any.
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