Well, it’s been a while since I highlighted a property like this. So, for all of you out there in investor land, who want a complete blank canvas to work with, here is my latest offering.
BTL
My Buy To Let Deal Of The Day Is A 3 Bed Semi, Edinburgh Avenue, Walsall, WS2.
Only recently added to the sales market, this is technically a two bed semi with a loft conversion for the third bedroom, but we will call it a three bed just for the sake of argument. Situated on Edinburgh Avenue, Walsall, WS2. Currently marketed with Purple Bricks 0121 721 9601 for an asking price of £125k and based on a minimum pcm rental of £550.00 will yield 5.28%.
More BTL Goodness In Shropshire Close, Walsall, WS2, Yielding 5.33%.
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.
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.
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.
Today’s BTL Deal 3 Bed Semi, New Forest Road, Walsall, WS3 Yields Of 5.21%.
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.
2 Bed Terraced House Walsall WS2 Yielding 5.71% Is My Buy To Let Deal Of The Day
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.
Today’s Buy To Let Deal – 2 Bed Terraced House, Essex Street, Walsall, WS2 – Yields 7.00%
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.
Smokin’! What’s The Deal With Smoke Alarms?
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.
Walsall Property Blog 
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