Walsall Property Blog

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Today’s Buy To Let Deal, Pimpernel Drive, Walsall, WS5 With Yields Of 5.73%.

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A modern two bedroom terraced house, Pimpernel Drive, Tamebridge, Walsall, WS5. The asking price is £110k with Purple Bricks (01926 267659). The full property details can be found here.

Located on the very popular and desirable Tamebridge estate and therefore has the potential for long term letting.

There are some changes to be made in terms of the decor and the rear garden will need to be attended to. It has a modern kitchen and bathroom, gas central heating, double glazing and off-road parking.

This top notch property will attract a minimum pcm rental of £525.00 meaning a rental yield of 5.73% based on the current sale price.

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.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

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Do we have a ‘triple speed’ Walsall property market?

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As you might imagine…“What’s happening to the Walsall Property Market?” is a question I am asked often & repeatedly. Well, would it be a surprise to hear that my own research suggests that there isn’t just one big Walsall property market – but many small micro-property markets? In the past I have written about the dual speed Walsall property market but now I’m seeing the emergence of three!

For ease, I have named them the…

‘lower’ Walsall Property Market.
‘lower to middle’ Walsall Property Market.
‘middle’ Walsall Property Market.

The ‘lower’ and ‘lower to middle’ sectors of the Walsall property market have been fuelled over the last few years by two sets of buyers. The first set, making up the clear majority of those buyers, are cash rich landlord investors who are throwing themselves into the Walsall property market to take advantage of enticingly low prices and even lower interest rates. The other set of buyers in the ‘lower’and ‘lower to middle’ Walsall property market are the first-time buyers (FTB), although the FTB market is in a state of unparalleled deadlock as it’s been trampled into near-immobility and incapacity by the new 2014 stricter mortgage affordability regulations and also fewer mortgages with low deposits.

Some of you may be interested to know how I have classified the three sectors…

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Today’s Buy To Let Deal 2 Bed Terraced House, Penmire Grove, Walsall, WS4. With Yields Of 5.08%.

02/10/2017 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, buying property in Walsall, Find Affordable Rental Properties in Walsall, How to Rent My Property Walsall, letting agent walsall, Renting Property in Walsall, Top Letting Agency Walsall, walsall property market, Walsall Property News

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 Bairstow eves (01922 321791).

The spec looks right on the money with no major issues that need immediate attention. Marketed at offers of over £130k, however it is interesting to note that the price has been reduced by £5k 2 months ago. I think that any offers over £130k are a bit too optimistic as the last sale price was £130k in Feb of this year.

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.

The appraised rental value is at £555.00 and if the property sells at the current asking price, this would mean a yield of 5.08%.

For the full property details click here.

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.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

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Today’s Buy To Let Deal Is A Bargain Yielding 8.64% In The Heart Of Walsall Town Centre.

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This 1 bed flat is situated at Tudor House, Bridge Street, Walsall, WS1. On the market with House Network (01245 409116) and priced at £50k, the full details can be found here.

My readers and clients will know that I do not generally highlight flats, apartments and the like, however, I just couldn’t pass this one up as it has just become available and generates impressive yields.

In contrast to the neighbouring cities (Birmingham & Wolverhampton), you would not only net a bargain with this flat at a relatively decent price but at a gross yield of 8.64% at a rental of £360.00 pcm, the buy to let landlord can hope to achieve a healthy gain. Set right in the heart of Walsall town centre makes this an ideal location for retail and transport access. Unfortunately, there is no parking.

The spec is pretty decent. However, there is no central heating and there is no gas supply, so any heating system installed would have to be all electric. The good news is that an all-electric, cost effective and efficient system could be installed for as little as £1200.00.

Before buying I would enquire about the service charges and the terms of the lease needs to be scrutinised by a qualified professional. I’ve seen many developments over the years which have deteriorated quickly due to the set-up of service charges either being inadequate or the appointed managing agents being completely incompetent. Leases can be a minefield and one has to be fully conversant of the consequences if they are not fully understood from the start. Net yields can be just as quickly decimated if you are not careful with inappropriate costs of Section 20 (major works) due to a lack of foresight by property managers not to mention inexcusable mismanagement of the service charge.

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.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

If you would like an instant online appraisal as to the rental value of your property, please click here.

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Today’s Buy To let Deal Yields 5.77%. Newbuild 2 Bed Terraced House, Elter Close, Willenhall, WV12.

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A newbuild two bedroom terraced house, Elter Close, Willenhall, WV12. It sits on the new Spring Lane estate in the Ashmore Park area of Wilenhall. The asking price is £130k and currently marketed by Bairstow eves (01922 312791). At a rental of at least £625.00 the yield will be 5.77%.

The internal spec is immaculate and absolutely ready to go. Two double bedrooms with en-suite in one, a modern kitchen and bathroom. This is all complimented with gas central heating and double glazing with a small sized low maintenance rear garden. But as always my advice is to book a viewing and go and have a look for yourself.

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.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

A two bedroom semi detached house, Lindon Drive, Brownhills, Walsall WS8. The asking price is in the region of £123500k with Goodchilds of Brownhills (01543 526869).

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Today’s Buy To Let Deal Yields 6.07% 2 Bedroom Semi Detached House, Lindon Drive, Walsall, WS8.

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It’s a newbuild property and was last sold in 2007 for £120k, but I can’t see it reaching the current asking price this time around. It’s a pretty good spec and very much good to go as a rental, but the garden is on the small side.

You can get away with the decor as it is, but you may want to get rid of the lime green in the one of the bedrooms. Just a thought since everything else is neutral.

As to be expected from a newbuild property it has all the mod cons including a modern fully fitted kitchen with oven/ hob, modern bathroom, double glazing, gas central heating and there are two allocated parking spaces.

The location is ideal for commuting. Not far from the Chester and Lichfield roads leading to Cannock, Walsall, Lichfield and Streetly. Many other amenities and services are all within a short distance away.

I appraise the pcm at a minimum of £625.00 and if the property sells at the current asking price, this makes a yield of 6.07%.

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.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

If you would like an instant online appraisal as to the rental value of your property, please click here.

Thank you for your response. ✨

Today’s Buy To let Deal Yields 7.14%. 2 Bed Semi Detached House, Rochester Croft, Walsall, WS2.

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This is just a quick buy to let deal today. I spotted this one as it has been reduced by £10k to £100k, but unfortunately there are no internal photos, so this is all I have to go on.

A two bedroom Semi Detached house, Rochester Croft, Walsall, WS2. The asking price is for offers over £100k and currently marketed by Bairstow eves (01922 312791). At a rental of at least £595.00 the yield will be 7.14%.

If you want an idea as to what it may look like internally, check out another one of my buy to let deals on the same estate in Balmoral Way, here. But my advice as always is to book a viewing and go and have a look for yourself.

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.

Don’t forget to visit the links below to view back dated deals and Walsall Property News