A 2 bedroom terraced house, West Street, Walsall, WS3. The property is being marketed by Purple Bricks (01926 267 659). A good enough spec which allows the property to be let as it is. Marketed at offers of £85000. There is some capital growth here at just under 50% in the last 13 years.
A 3 bedroom end terraced house, Neale Street, Walsall, WS2. The property is being marketed by Dixons (01922 312 792). A pleasing spec, which looks like it could be let as is based on the available photos. Marketed at offers of £90000. Interestingly, the property has been reduced by 10% in the last 3 months.
This one caught my eye as the post states, ‘Attention investors 7.50% rental return can be sold with current tenant”. Well, if the yield is correct that would make the rental in the region of £530.00 pcm. Which I hasten to add is well above average for a property of this type in this area. However, considering the photos, the spec of the property is well below average. So, if you are thinking of taking a punt on this one I would take it with the sitting tenant…Well, why wouldn’t you? The converse would be to market it as it is and to be brutally honest the only interest you would likely get would be from benefit claimants and that would mean a rental of £454.00 pcm (Based on the maximum Local Housing Allowance entitlement) leading to a yield of 6.41%.
Renting used to be a dirty word in the 60’s and 70’s. You either lived in a ‘Rigsby Rising Damp’ style bedsit with wood chip on the wall and a coin operated electric meter that buzzed in the night, or you lived in a council house. In the latter part of the 20th Century, the British were persuaded that rent payments were ‘wasted money’. However, owning often makes less financial sense than renting and as the rate of home ownership is starting to drop substantially, as we roll the clock forward to today, there is no stigma at all to renting.. everyone is doing it. In fact, of the 269,323 residents of Walsall, 96,418 of you rent your house from the local authority, housing association or private landlords – meaning 35.8% of Walsall people are tenants.
Well, this one is right out of the bargain bin and by the looks of the photos with good reason. No point in sugar coating this one, the required upgrades are blindingly obvious. However, the upside is that it is in the heart of a popular area for rented accommodation and the rewards are a very nice yield as well as a potential in capital growth.
The location additionally benefits from being within easy reach of junction 9 of the M6 and in the vicinity of other major transport routes leading to Walsall, Willenhall and Wolverhampton town centres. There is also a wide selection of schools within a mile including the Grace Academy.
A deceptively large end terraced house on the outskirts of the Beechdale estate in Walsall. The area has gone through some major redevelopment over the last decade or so, which has certainly helped in raising the area’s profile. The décor looks very nice and unless major changes are required, I would advise leaving as is. The flooring looks hard wearing and doesn’t look like it requires changing. Unfortunately, there is no photo of the bathroom, which seems a bit odd, but as I always say, that’s what viewings are for. However, the piece-de-resistance of this little baby is the huge garden. I mean, it looks like you could build another house on it! The location benefits from being within easy reach of the Reedswood Retail Park and junction 10 of the M6 and in the vicinity of other major transport routes leading to Walsall, Willenhall and Bloxwich town centres. There is also a wide selection of schools within a mile or so radius including the Mirus Academy.
Another attractively priced traditional terraced house. I would suggest before letting that the décor be upgraded and also changing the flooring to a hard wearing type. The location is ideal being about two miles from M6 junction 9 and in the vicinity of other major transport routes leading to Walsall, Wednesbury and West Bromwich town centres. There is also a wide selection of schools within a mile radius including Palfrey Junior School and Joseph Leckie Academy.
As the post states, ‘Attractively priced for a quick sale’. A lettable spec as it currently stands, but I would suggest making some improvements to the flooring and décor. The location is ideal being about a mile or so from M6 junction 10. There is also a wide selection of schools within half a mile radius including Lodge Farm junior and mixed infant school and Willenhall E-ACT Academy.
A traditional two bedroom terraced house in the centre of Caldmore, a popular area of Walsall. Unfortunately the photos that have been posted on the listing are too small to get a good look at it properly. However, by the look of the refurbished kitchen and what you can see, I would urge a viewing, the spec looks perfect to let as is. The location is ideal for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools being just half a mile away). Healthcare amenities such as doctors, dentists and chemists are within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre just a mile away.
In recent weeks concerned Walsall landlords have been asking my opinion on the looming EU vote. “As a landlord which way should we vote”? “IN or OUT”? So, this week I thought I would share my thoughts on this subject.
If you read all the tabloids, the ‘Brexit’ debate seems to be focused solely on central London. Many commentators have said Brexit would mean central London would have a lower standing in the world, meaning less people would be employed in central London, with the implication of lower wages, fewer jobs etc… but we are in Walsall, not Marylebone, Mayfair or any part of Zone 1 London!
For years – no, decades – the anti-EU camp has suggested that Britain’s natural habitat is not among its continental neighbours but in ‘the Anglosphere’, that solar system of English-speaking planets which revolves around the United States. Break free from Brussels and we could embrace our kindred spirits in Sydney, Toronto and especially New York, Washington and Los Angeles. The Brexit camp has long been like the man who dreams of leaving his wife for another woman, one who really understands him.
Walsall Property Blog 
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