My BTL Deal of the Week 2 Bed Terraced House, Penmire Grove, Walsall, WS4. With Yields Of 4.93%.

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.

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My BTL Deal of the Week, is a 2 Bed Coach House, Northumberland Way, Walsall, WS2 With Yields Of 6.00%.

More good news for Walsall landlords. Just adde to the market this two bedroom coach house is being marketed at offers of £120k by Purple bricks (024 7511 8874). Another perfect spec ready for a quick let. I would say the asking price is about right for this property on the estate.

There is one double bedroom and one single bedroom as well as a family bathroom.  A modern kitchen with integrated white goods, a small low maintenance rear garden and off-road parking along with a garage. 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.

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How does Unemployment Drive the Walsall Property Market?

Unemployment and the Walsall Property Market
Unemployment and the Walsall Property Market

If you have been reading my articles on the Walsall property market, you will see that in the three years since the referendum we have proved beyond doubt that ‘Brexit’ has had no effect on the Walsall property market (or the UK as a whole).

So one might ask, what does affect the property market locally? Well many things on the demand side include wages, job security, interest rates, availability of mortgages, confidence in the economy, inflation, speculative demand … the list goes on. Yet as my blog reading friends will note, I like to delve deeper into the numbers which has led me to find an interesting correlation between unemployment and the number of properties sold (i.e. transactions).

Why transaction levels and not house prices? Well just looking at Walsall house prices as a leading indicator has flaws. Many property market commentators and economists believe transaction numbers (the number of properties sold) give a more accurate and truthful indicator of the health of the property market than just house values alone. The reason is twofold. First most people when they sell also buy, so if property values have dropped by 10% or risen by 10% on the one you are selling, it would have done the same on the one you are buying – meaning to judge the health of a property market is very one dimensional.  Secondly…

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My BTL Deal of the Week 2 Bed Terraced Walsall WS2 with Minimum Yields of 5.53%.

A two bedroom terraced house in the Beechdale/ Reedswood area of Walsall, WS2. A perfect spec with décor that fits the bill for a ‘good to go’ let. Please book an appointment asap, this is going to get snapped up!

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My BTL Deal Of The Week 3 Bed Terrace House Dickinson Drive WS2 Yielding 5.56%

This has been just added today. A three bedroom end terraced house, Dickinson drive, Bescot, Walsall, WS2. This property will need some upgrading to the decor and flooring as it’s kind of living in the past at the moment. On the plus side there are two double bedrooms and a single. A utility room with plumbing for white goods and a separate wc. The family bathroom is downstairs, however the master bedroom has an en-suite. Add to this a medium sized rear garden which is low maintenance along with off-road parking to the front alowing space for two cars. There is also gas central heatin and double glazing. The property is is further strengthened by its location about half a mile from M6 junction 9, ideal for commuting. For the frustrated footballer in all of us, Bescot stadium is but a short 10 minute stroll away. For your weekly shopping supplies look no further than the large Morrisons superstore also  just around the corner.

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My BTL Deal Of The Week, Nottingham New Road, Walsall, WS2 With Yields Of 6.50%.

A two bedroom semi detached house on the popular Reedswood estate in Walsall, WS2.

This is just a quick one this week following on from my involvment with the letting of a similar property on the same estate this week.

Sadly, there are no other photos on the listing, but suffice to say it has two double bedrooms, a modern kitchen, a family bathroom with shower, a 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.

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MY BTL Deal of the Week Has Been Reduced in Price Yielding A Minimum 5.54%

A two bedroom end terraced house first listed in May of this year, but now has been reduced by 10k just two months later! Now, c’mon Walsall landlords how can you pass up this opportunity on such a well presented and ready to go rental property?

There are two double bedrooms, a family bathroom.  A modern kitchen with integrated white goods, 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.

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