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

How much are Walsall Buy-to-Let Yields a year?

How much are Walsall Buy-to-Let Yields a year?
How much are Walsall Buy-to-Let Yields a year?

Purchasing your first Walsall buy to let (BTL) property is not the same as buying one to live in.  You have to employ a completely different set of tactics, methodology and mind-set.

The main difference is when purchasing your own property, you may well pay a little more to get the home you and your family want, and are less likely to compromise.  When buying for your own use, it is only human nature you will want the best, so that quite often it is at the top end of your budget; because as my parents always used to tell me – you get what you pay for in this world!

Yet with a Walsall buy to let property, if your goal is a higher rental return – a higher price doesn’t always equate to higher monthly returns – in fact quite the opposite.  Reasonably priced Walsall properties can bring in higher monthly returns.  Most landlords use the phrase ‘yield’ instead of monthly return.  To calculate the yield on a buy to let property one basically takes the monthly rent, multiplies it by 12 to get the annual rent and then divides it by the value of the property.

Continue reading

Walsall Town Centre, Tameway Plaza – ‘No Mortgage’ Investment Opportunity

Tameway Plaza - Walsall Town Centre
Tameway Plaza – Walsall Town Centre

If you follow the Walsall Property Market News like I do (not just the residential) then, you will be well versed with past, present and planned future developments.  Amongst the proposed £90m transformation of the town centre recently it has been announced that more than 100 jobs will be created by developing a piece of derelict land back into commercial use with a further £6.9m investment.

In recent years we have had the new 24hr Tesco, the Primark development (which was extremely busy on Saturday), The Quarter has just been finished with Poundland and B&M taking up occupation anytime now and there are plans to revamp The Saddlers Centre!  So, with all this happening around the commercial side of property “what about residential” I hear you ask…?

Continue reading

Today’s By To Let Deal, Britannia Road, Poppyfields, Walsall, WS1 With Yields Of 5.28%.

A two bedroom end terraced house on the popular Poppyfields estate in Walsall. The area is popular for investors and renters alike. The property benefits from double glazing and gas central heating. Parking is off-road. It would be better appreciated by a viewing. Some improvements/ changes will be needed including the rear garden and bathroom. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall and West Bromwich town centres. For the football aficionados amongst us, Bescot Stadium is just a few mins walk away.

The current asking price is £125000 and based on a rental of £550.00 pcm will return a yield of 5.28%.

Currently on offer with Bairstow eves (01902 312791) click here for the full property details or give them a call.

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

Walsall Property – Jargon Busting Terminology (PART 1)

Walsall Property - Jargon Busting Terminology (PART 1)
Walsall Property – Jargon Busting Terminology (PART 1)

Something different this week for my blog reading friends…in recent months I have been asked on several occasions to explain certain terminology that has cropped up during Walsall property transactions or just in conversation.  For ease of reference I have gone through the list in alphabetical order; the overwhelming array of acronyms and specialist terminology in simple layperson terms.  To save the article from being endless pages I have split this into two parts with part 2 releasing soon – so watch this space!  If there is anything I may have missed please feel free to comment or get in touch.

The meaning behind the lingo…

A

Abandonment – Abandonment is when a tenant leaves the property (usually without notifying the landlord or agent) before the tenancy has ended.  Very often this occurs when the tenant owes rent and the tenant may or may not leave possessions in the property.  Although the tenant is in the wrong for many reasons, they still have a legal tenancy and can return and demand to take up residence at any time, despite not paying rent.  Taking over an abandoned property is fraught with difficulties for the landlord and specialist advice should be sought.

Advance – A mortgage loan – an additional loan is referred to as a further advance.

Adverse Credit – Used to apply to a borrower or application that has past problems with bad credit, for instance frequent late payment, breached arrangement, bankruptcy or County Court Judgement.

Continue reading

Today’s Buy To Let Deal Yields 5.41% 2 Bedroom Semi Detached House, Bank Street, Cannock, WS12.

A two bedroom semi detached house, Bank Street, Cannock, WS12. The asking price is for £127500 and is marketed by Purple Bricks (01926 267659).

An excellent spec throughout with modern kitchen, bathroom, gas central heating and double glazing, however the rear garden will need some attention. Parking facilities are not listed in the description.

The location is ideal for commuting to Cannock town centre. Many other amenities and services are all within a short distance away.

I appraise the pcm at a minimum of £575.00 and if the property sells at the current asking price, this makes a yield of 5.41%.

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

Is Moving Home in Walsall – ‘Mission Impossible’?

Is Moving Home in Walsall - ‘Mission Impossible?
Is Moving Home in Walsall – ‘Mission Impossible?

Moving to a larger home is something Walsall people with growing young families aspire to.  Many people in two bedroom homes move to a three-bedroom home and some even make the jump to a four-bed home.  Bigger homes, especially three-bed Walsall homes are much in demand and it can be a costly move.  However, is jumping to a 4 Bed House a step too far?

If you live in Walsall in a two-bedroom property and wish to move to a four-bedroom house in Walsall, you would need to spend on average, an additional £153,066 (or £604.61 pcm in mortgage payments (based on the UK Bank average standard variable rate)).  However, going straight to a four bed from a two-bed home is quite rare as most people jump from a two to three-bedroom home, then later in life, from a three to four-bedroom home.

Continue reading