Today’s Buy To Let Deal Yields 5.04%, Two Bed Terraced, Poppy Drive, Walsall, WS5.

A modern two bedroom terraced house, Poppy Drive, Walsall, WS5 on the very popular Tamebridge estate. The full property details can be found here.

The marketed value is for offers over £125k. Personally, I don’t see this property selling at that price. I have written previous articles on similar properties that the asking price was around £110k, here are just three to have a look at:

https://wp.me/p6vDwd-vt

https://wp.me/p6vDwd-rC

https://wp.me/p6vDwd-r6

Some properties have sold at around the asking price here, but realistically the selling price should be somewhere between £110k – £120k depending on the quality of the spec and that’s where I want to focus on next.

There aren’t a vast array of photos here, but what there are show a property a little tired and in need of some TLC. Despite the modern kitchen, bathroom, double glazing and gas central heating, from what we can see the decor needs updating and the same with the flooring plus the rear garden requires attention. No photos of the bedrooms either. Parking is off-road. I would recommend a viewing to really appreciate this one.

One thing is for sure that the property will let, but you will need to upgrade it and it won’t cost the earth to do so.

A property of this type will attract a minimum pcm rental of £525.00 meaning a rental yield of 5.04% based on the current sale price. You should expect a better return with upgrades and haggling the price down somewhat.

If you would like an instant online appraisal as to the rental value of your property, please click here.

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment.

For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01922 311016, you can always email me on salekm@ashmorelettings.co.uk.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

Blog: www.walsallpropertyblog.com

Facebook:https://www.facebook.com/AshmoreLettings

Twitter: https://twitter.com/AshmoreLettings

 

Today’s Buy To Let Deal yields 5.50% is a 2 Bed Terraced house with Loft Conversion, Walsall, WS4.

A 2 bedroom terraced house in the Rushall area of Walsall, WS4, currently marketed by Purple Bricks (0121 721 9601). Plenty of photos here showing the property off at its best. The decor is all neutral and does not need anything doing to it from what I can see.

Without an internal viewing it is impossible to assess if anything needs to be done as regards upgrades, but as it stands it looks good to go. You could expect a rental of £550.00 pcm.   Therefore, if the property sells at the current asking price will result in a yield of 5.50%.

If you would like an instant online appraisal as to the rental value of your property, please click here.

Continue reading

Is the Walsall Buy to Let Market Over-Saturated?

Is the Walsall Buy to Let Market Over-Saturated?
Is the Walsall Buy to Let Market Over-Saturated?

If I were a buy to let landlord in Walsall today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let.

To add insult to injury, Brexit has caused a tempering of the Walsall property market with property prices not increasing by the levels we have seen in the last few years.  There is even a possibility we might even see a very slight drop in property prices this year and, if Walsall property prices do drop, the downside to that is that first time buyers could be attracted back into the Walsall property market; meaning less demand for renting ( ie rents will go down).

Before we all run for the hills, all these things could be serendipitous to every Walsall landlord, almost a blessing in disguise.

Continue reading

1303% returns for Walsall landlords since 1999…

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!

ROI

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.

Continue reading