In my previous buy to let deal of the day, I asked what could be more ready to go than a newbuild..? Well, this one can! Why? It’s got a ready made tenant, that’s why.

A traditional two bedroom terraced house in the Leamore area of Walsall. It’s a pretty good spec actually and it doesn’t need anything doing to it. But, if I was buying it with a sitting tenant, I would sort the back garden out just to show them what a cool and groovy landlord I was. Why not? The money I’m saving by not having to have a void period whilst trying to find a tenant, paying agent fees when I do, updating the decor etc to provide a nicer looking garden for my tenant, it’s a no brainer.

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How’s this for a ship shape and ready to go deal? You don’t get more ready to go than a newbuild, do you? This 2 bedroom semi detached house on Waters Keep in Walsall, WS3 is part of a newbuild development in the north Walsall area, which continues to grow in popularity and re-development. The property is being marketed by Reed Rains (01543 439087) at £116500.

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A two bedroom terraced house, Harebell Close, Tamebridge, Walsall, WS5. The asking price is £124950 with Henley Charles (0121 659 5777).  Full property details are here.

Nestled in the highly popular and very desirable Tamebridge estate, speaks volumes as to the location and therefore the potential for long term letting.

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I’m going to say right up front that the decor here is not to everyone’s taste, however, do not let that stop you from letting it as it is, because the spec is top-notch. Get in there now and arrange a viewing! Plenty of photos to really soak up the presentation of the property.

A two bedroom terraced house in the Birchills area of Walsall, WS2, The asking price is £90000 and though there are other properties in the area that go for less, the price is still below average for the area and the specs are not of the same quality.

It is marketed as a two/ three bed house as one of the reception rooms is being used as third bedroom and from what I can see it hasn’t been converted and changing it back to a reception room shouldn’t be too much of a hassle.

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A 3 bedroom semi detached house in the Alumwell area of Walsall, currently marketed by Bairstoweves (01922 312 791).

There is an open house viewing on Saturday 21st January 2017 from 10.00am so get yourself along to it and have a look for yourself.

Looks like a decent spec, but the decor will need to be changed for obvious reasons. However, without a internal viewing it is impossible to assess if any other improvements need to be made.

The pcm rental you could expect for this property is in the region of £595.00 and therefore if the property sells at the current asking price of £110k this will result in a yield of 6.49%.

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I’m getting a lot of deja vu these days and there I go again! Or did I? I wrote about this one back in August. The difference being that when I first found this property it was listed with Purple Bricks and now it is listed with Great Move. Ok, fair enough. Now, IF the reason for the switching agents was because there was no interest in the 4 months that the property was posted with Purple Bricks, I completely understand, why not give another agent a go? However, since moving over to Great Move the asking price has increased by £5000. So, it does beg the question, if there was no interest for 4 months with one agent at £69000, why would more interest be generated in the same property for an extra five grand? Well, not everyone may have seen the original posting and have absolutely no idea the price has been hiked. So ladies and gents, this is exactly where I come in, your friendly neighbourhood blogger. I like to inform and help advise my readers with what the latest news is within the Walsall property market as we all know, forewarned is forearmed.

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Even if you are new to the Private Rented Sector or an experienced investor with a portfolio, I think you seriously should take a look at this property.

Priced at £100000 for a three bed semi, this is an absolute steal. I could show you many three bed terraced houses going for the same, just under or even greater than this one is marketed for. So the question is, why would you buy a terraced house for the same price when obviously there is potential for capital growth and almost certainly the rental yield will be higher? No-brainer as far as I am concerned.

The full property details are here.

The pcm for this property would be in the region of £595.00 based on the property being upgraded. This would give a rental yield of 7.14%

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