3 Bedroom Semi Detached, Castle Street, Walsall, WS8. With Yields Of 6.49%.

 

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A three bedroom semi detached house, Castle Street, Walsall, WS8. The asking price is in the region of £110000 with Bairstow Eves of Walsall (01922 392 791).

Check it out here: http://www.zoopla.co.uk/for-sale/details/39047550

I really like the look of this one, however not all the aspects of the property have been covered in the posted photos. The spec is excellent with a large lounge, modern fitted kitchen and bathroom. I appraise the rental as £595.00 pcm, which is very much in keeping with properties of this type and in this area. If the property sells at the current asking price the yield is in the region of 6.49%.

Interestingly, the asking price has been reduced by 8% already for the four months it has been on the market and I hasten to add, if it sells at the current asking price there is a slight increase in capital growth as well, at around 11%.

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2 Bedroom Terraced House in Walsall, Rugeley Road, Chase Terrace, WS7. With Yields Of 6.00%.

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A two bedroomed terraced house on Rugeley Road, Chase Terrace, WS7. There doesn’t appear to be many improvements to make apart from a few minor decor changes. However, the major focus needs to be the rear garden. It isn’t a large garden so the cost can be kept to a minimum.

A nicely sized property with living and dining area. The kitchen is of modern design and has space for white goods. The two bedrooms are of comparable size and large enough for double beds and plenty of storage. The parking is on-road by the looks of things. The property is finished off with double glazing and gas central heating throughout.

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2 Bedroom Semi Detached House, Hill Street, Cheslyn Hay, WS6. With Yields Of 5.48%.

 

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A two bedroomed semi detached house on Hill Street, Cheslyn Hay, WS6. No reason to get the “Blues” over this one. I picked it due to the fact that it was marketed in January and by February the asking price had been reduced by 8%. This signals to me that the owners are eager to sell and that there may be more “Wiggle Room” available. It can be rented as it is, but I would recommend that it is updated at some point, whether this is done in one go or over a period of time.

A decently sized property with lounge and dining area. The kitchen is of moderate size and seems to have all the necessary space for white goods. The two bedrooms are of equal size and large enough for double beds and plenty of storage. The parking is on-road, but there is also a garage. There is double glazing and gas central heating, but it is not clear from the property details whether it is partial or full.

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2 Bedroom End Terrace House, Walstead Road West, Walsall, WS5 With Yields Of 6.60%.

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This is a large two bedroom end terrace house in superb condition and can be let as it currently stands. However, I do feel that some of the flooring and décor could do with updating, but not essential. It is ideal for the working professionals, an individual or couples. The location is ideal being about a mile or so from M6 junction 9. There is also a wide selection of schools within a mile radius including the Joseph Leckie Academy. For food shopping the large Morrisons superstore (With petrol forecourt) is just around the corner.

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3 Bedroom Terraced House, Daw End Lane, Rushall, WS4. With Yields Of 6.00%.

 

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A 3 bedroom mid terraced house on Daw End Lane, Rushall, Walsall, WS4. The property is being marketed by Bairstow Eves (01922 312 791). A pleasing spec with a very rustic décor and hard wearing flooring and a modern kitchen and shower room and two reception rooms in a very popular area of Walsall. An ideal property for rental with little or no changes to make. Marketed at offers of £110000.

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3 Bedroom Mid Terraced House, Glastonbury Crescent, Walsall, WS3. With Yields Of 6.73%.

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A 3 bedroom mid terraced house on Glastonbury Crescent, Mossley, Walsall, being marketed by Purple Bricks (01926 267 659). A satisfactory spec for rental with little or no changes to make, which is improved by a modern kitchen and bathroom. Priced at offers of £98000.  Interestingly, there is some room for capital growth, within the last 10 years if the property sells at the current asking price, this will mean the value of the property has increased by almost 10%.

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2 Bedroom Semi Detached House, Bevin Road, Bentley, Walsall, WS2. With Yields Of 7.24%.

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A two bedroomed semi detached house on Bevin Road, Bentley, Walsall. To get straight to the point on this one, this property requires some serious time warping from the 70s and straight into the the 21st Century. on the positive side, however the bathroom has been modernised and the rear garden has been blocked paved and both look “the business”.

A decently sized property with lounge and dining area. The kitchen is on the small side, but there is a utility room big enough for a washer and dryer. The two bedrooms are double sized. The property has  walled boundary at the front and is also gated giving complete privacy. The driveway does look big enough for a vehicle and there is also a garage. There is double glazing and partial gas central heating. The property has a lot of potential, but will require a major overhaul and some serious cash spent.

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3 Bedroom End Terraced House, Palfrey, Walsall, WS1. With Yields Of 6.30%.

 

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A 3 bedroom end terraced house in Palfrey, Walsall, being marketed by Acorns & Co estate agents of Walsall (01922 312 060). A decent spec, which is improved by a refitted modern kitchen and bathroom. Priced at offers over £100k.  Some decor changes may be in order, but are not essential. There is double glazing and gas central heating. There are two reception rooms, one of which can be utilised as a dining room.

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3 Bedroom Semi Detached, Hollemeadow Road, Walsall, WS3. With Yields Of 6.60%.

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A very nicely presented semi detached on an up and coming area of Walsall due to the housing development in the area. Another property billed as a buy-to-let investment by Goodchilds of Bloxwich (01922 312 016). A nice spec on this one and can be let as is, but I would recommend changing the décor in the living room and at least one of the bedrooms. It appears that full gas central heating and double glazing is present.

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Walsall’s Private Rental sector explodes by a whopping 1,093.7% in 20 years!

Walsall’s Private Rental sector explodes by a whopping 1,093.7% in 20 years!
Walsall’s Private Rental sector explodes by a whopping 1,093.7% in 20 years!

I find myself in a reflective mood today as I want to talk about the future of investing in property in Walsall.  Especially since my last article (which was a little gloomy) and the fast changing dynamics in recent times of the Private Rented Sector (PRS).

The truth is that we have got lethargic, with many property investment people having mistaken the ever-rising Walsall property market since the 1960’s as the eternal gift that kept giving as property prices constantly rose and doubled every five to seven years.

The days of making easy money from any old property investment in Walsall are over.

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