As if Walsall landlords and landlords across the country don’t have enough to contend with, new rules on Electrical Inspection Condition Reports (EICR) has kicked in from this month.
In my day job at Ashmore Lettings & Sales, historically we have always advised landlords to conduct this check to obtain a condition report. Therefore, most of our clients are already ahead of the game. I have to admit, explaining this to some landlords has been an uphill battle especially, when my colleagues in the industry dissuaded many Walsall landlords to not obtain an EICR.
It may be a case of de-ja-vu but I’m pretty certain I went to see this property last year when it was on the market with another agent. At the time I was sourcing a BTL property for one of my property sourcing clients and knew, with a bit of TLC, this property would make a great rental. It was snapped up very quickly back then but it seems, for some reason, the sale probably fell through which, can sometimes happen if the buyer is not able to secure a mortgage or arrange the funds etc. For Walsall landlords this is a perfect property for a long-term BTL. Listed 3 days ago this two bedroom semi detached house is being marketed at offers over £130k by our colleagues iLove Homes (01922 345905). Another perfect spec ready for a quick let. From the pictures and if my memory serves me correct, I would say the property has had an upgrade of the kitchen units and bathroom suite. The decor looks in good order but I would definitely change the carpet in the lounge and one of the bedroom upstairs to something more hard wearing and neutral.
“So where is the Walsall property market heading?”. “How will a recession affect the market?”. Just a couple of common questions I’ve been fielding recently. As usual, for the benefit of my Blog reading friends, here are my thoughts…
There are plenty of investors who think nothing of legally committing to buying a property ‘off plan’ before it’s built – yet over the last few weeks, it has become the norm in the resale (second-hand) Walsall property market and they have now stolen a march and bagged some property bargains.
Normally, the physical viewing is the first step of the resale house buying process … yet now it’s becoming the ‘new normal’ that some Walsall agents are carrying out semi-professional video viewings or video tours. Even homeowners are getting in on the act and managing a Facetime or Zoom video viewing by walking around their house with their mobile phone.
On the 13th May 2020 the Government announced that the Estate & Letting Agency industry could reopen meaning people could view houses, visit agents and move home be they tenants, buyers, landlords or home sellers. This is all subject to general and specific social distancing rules, specific hygiene regulations and suitable PPE being used.
So what has been happening in the last few weeks in the Walsall property market?
When it comes to buy-to-let (BTL) deals in Walsall, there hasn’t been much to sing and dance about in recent times. But if you look underneath the covers…there are always hidden gems to be found. Some of my Blog reading friends may know that I have been quietly plugging away in the background looking at deals and helping clients connect the dots to help make those all important life changing decisions. Like people come in all shapes and sizes so does their area of knowledge/ expertise. In recent times I have had my Walsall Property Sourcing Clients ask me a similar question which, I thought I would answer here by providing an insight into some of the reasons why I view Walsall BTL investments the way I do…
…so without further ado…!! Above pictures are of two seemingly investable properties for a Walsall Landlord to consider. However, when you delve a little deeper and past the numbers, what do you actually see…?
I got stopped in the street the other day…not for a stop and search but by a local landlord who recognised me! As the story goes, we started to talk about the local property market. He was uncertain which way to vote and wanted my opinion. There is so much talk with a nauseas amount of noise from all corners that it’s almost impossible to weigh up the pros and cons for Walsall landlords and Walsall property owners. I mean if I could have it my way, I would love to take some manifesto ideas I like from one party and attached it to the manifesto of another to create my own…wishful thinking…
…so, as Thursday 12th December draws closer, I’m keen to find out which parties Walsall landlords are backing in the General Election. If you’re unsure on who to vote for, I have put together a summary of each party’s housing and rental plans to help you find out everything you need to know before polling day.
I’m returning to another very popular estate for rental property for Walsall landlords. Listed 3 days ago this two bedroom semi detached house is being marketed at offers for £140k by Connells (01922 716026). Another perfect spec ready for a quick let. I would say the asking price is slightly over the ‘going rate’ for similar property types and specs on the estate.
There are two double bedrooms, as well as a family bathroom. A modern kitchen with integrated white goods, 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.
A two bedroom semi detached house on the popular Reedswood estate in Walsall, WS2. The property will need some changes to the decor, but otherwise is perfect for rental.
There are two double bedrooms, one with fitted wardrobes. A modern kitchen with integrated oven/ hob, a family bathroom with shower, a fair sized 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 2 bedroom terraced house on Penmire Grove a new build housing estate about half a mile south of Rushall, Walsall, WS4. The property is being marketed by I Love Homes (01922 345905).
The spec looks perfectly on the money. Marketed at offers of over £140k, however it is I think that the price is a bit too optimistic as the last sale price was £131k 7 years ago.
The estate has an exclusive feel about it as it is somewhat off the beaten track. There is double glazing and gas central heating and off-road parking and is within easy reach of the major transport networks making quick commuting to other town centrs close by. There are a large variety of schools all within a mile plus healthcare and shopping amenities locally.