A three bedroom semi detached house on a prestigious and popular estate in the Coalpool area in Walsall. Since major redevelopment in the area, the area’s profile has now been raised substantially making it a popular choice for rental.
A two bedroom end terraced house on the popular Reedswood estate in Walsall, WS2. The property is a modern newbuild only being only 10 years old. The spec is very nice and could be let as is.
There are two double bedrooms, a modern bathroom and a modern kitchen with integrated oven/hob. There is also a small low maintenance rear garden and off-road parking. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall town centre plus Reedswood Retail Park is just around the corner.
A traditional terraced house on the north side of the town. The spec is very good and should be good to go pending an actual viewing, which I would highly recommend.
Back in 2015 The Smoke Alarm Regulations came into being. Now, apparently approx 30% of UK residents have never tested their smoke alarms so, what does all of this mean for landlords and tenants?
Let’s talk about landlords first:
- Landlords must install a smoke alarm on every floor of their rental property.
- Landlords must install a carbon monoxide alarm in any room with a solid fuel burning appliance (E.g. Coal fire, wood burning stove). Though not a requirement, it is advisable to also install one near a gas appliance.
- Licensed HMOs are exempt from this regulation as they must comply with separate fire safety regulations.
- Social housing landlords are exempt.
- Live-in landlords are exempt.
Whether exempt or not, it would behove all landlords to ensure the safety of their tenants.
- All alarms should be in working order at the start date of a new tenancy as per the tenancy start date stated in the tenancy agreement. This does not include tenancy renewals.
- It is advisable to obtain the tenant’s signature for them to confirm that the alarms were tested and working in their presence. This could be included in a document that also confirms they have received all documentation as per the “How To Rent Guide“.
- Or, it could be included in an inventory and schedule of condition.
There are no requirements for a specific type of alarm or on the location of the alarm installation. It is recommended to follow manufacturer’s instructions and that they are installed on a ceiling in a circulation space i.e. hall or landing. Carbon Monoxide detectors should be placed at head height and approx one to three metres from the solid fuel/ gas appliance. If in doubt on the installation of alarms you can also contact you local fire service for advice.
The failure to comply with these regulations is a fine of up to £5000 if the 28 day remedial notice has not been adhered to.
Right ladies and gents, we are back in Dalkeith street, Birchills, Walsall again. Why, you ask? Well, I’m going to tell you. Firstly, and you may find this hard to believe, but Dalkeith street is blowing up right now, the level of interest from renters is insane. You may remember I mentioned in my last BTL deal post that I helped one of my clients rent out a two bed terraced just like this one recently! The second reason is as follows…I’ve repeated myself over and over again about renters’ expectations and what landlords actually provide. If you are serious about your property empire and want to maximise your portfolio as much as possible, what I am about to show you is the standard you should set yourself on every property you rent out. This is a bog standard two bed terraced house in the heart of Walsall, nothing at all special. However, by just investing a relatively small amount of money to showcase your let, this is what you can and should be achieving. I’m going to let the photos speak for themselves.
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:
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.
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.