House Prices in Walsall

Walsall Millennials set to inherit the Earth!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Walsall Millennials set to inherit the Earth
Walsall Millennials set to inherit the Earth

That got your attention… didn’t it!

Last weekend I went to our favourite restaurant in Leamore (North Walsall) with the family.  The owner is a client of mine and so, in between the Biryani and Nan Bread naturally, we started talking about our favourite subject… the Walsall property market.  He informed me that he was a Millennial which is a term I’m familiar with but then he also told me that I was a Generation X!  I had to look this up when I got home as I thought he was teasing me at first.

What is Generation X, let alone Generation Z, Millennials, Baby Boomers…?  These are phrases banded around about the different life stages of our society.  When terminologies like this are used as often and habitually as these phrases (i.e. Gen X this, Millennial that etc.), it appears particularly vital we have some practical idea of what these terms actually mean.  The fact is that everyone uses these phrases, but often, like myself, they are not exactly sure where the lines are drawn… until now…

So, for clarity …

Generation Z:             Born after 1996

Millennials:                 Born 1977 to 1995

Generation X:             Born 1965 to 1976

Baby Boomers:           Born 1946 to 1964

Silent Generation:      Born 1945 and before

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Self-Managing a Walsall Property… I Can DO It…!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Self-Managing a Walsall Property… I Can DO It…!!
Self-Managing a Walsall Property… I Can DO It…!!

During my rounds in Walsall town centre this weekend I bumped into one of our Let Only landlords who I hadn’t seen for a while.  I’m going to call her Ally Monie just for the fun of it!  We decided to have a catch-up over a coffee inside the new Co-Op on Bridge Street (lovely it was too!!).  She told me about the shock and dismay when she recently visited one of her properties after 3 years!

It’s ok, it’s not one of those horror stories that you hear where there was a cannabis factory in the loft, or there were four other people living in the property that shouldn’t have been or worst still the property was deliberately trashed, or is it…

Ally owns a number of properties and used our services to provide our Walsall Tenant Find Only service.  She didn’t need an Agent for management, agency fees are money for old rope, and she had plenty of time to manage.

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Today’s BTL Deal Is A Bargain Yielding 6.91%, 2 Bed Terraced House, Dalkeith Street, Walsall, WS2.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

Earlier this week I was in the enviable position of letting a property on this very street for one of my clients. This is also a two bedroom terraced house on Dalkeith Street, Birchills, Walsall, WS2. So, naturally this property grabbed my eye.

It ticks all the boxes for an investment property. Neutrally decorated throughout, which looks new by the way. Gas central heating, modern fitted kitchen and shower etc . The listing lacks photos of the rear garden, so that would need to be checked out via a viewing. You don’t have to do this, but I would advise providing some flooring throughout with some nice hard wearing carpet, just to give the property a nice clean and fresh appeal.

Schools and healthcare facilities are in abundance with transport services, bus routes and major road networks nearby. Walsall town centre is only a short walk away, however there are some local amenities.

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Today’s Buy To Let Deal Yields 5.04%, Two Bed Terraced, Poppy Drive, Walsall, WS5.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , , , ,

A modern two bedroom terraced house, Poppy Drive, Walsall, WS5 on the very popular Tamebridge estate. The full property details can be found here.

The marketed value is for offers over £125k. Personally, I don’t see this property selling at that price. I have written previous articles on similar properties that the asking price was around £110k, here are just three to have a look at:

https://wp.me/p6vDwd-vt

https://wp.me/p6vDwd-rC

https://wp.me/p6vDwd-r6

Some properties have sold at around the asking price here, but realistically the selling price should be somewhere between £110k – £120k depending on the quality of the spec and that’s where I want to focus on next.

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Walsall Property Sales Drop by 51.83%!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
Walsall Property Sales Drop by 51.83%!
Walsall Property Sales Drop by 51.83%!

I was having a lazy Sunday morning, reading through the newspapers at my favourite coffee shop in Walsall.  I find the most interesting bits are their commentaries on the British Housing Market.  Some talk about property prices, whilst others discuss the younger generation grappling to get a foot-hold on the property ladder with difficulties of saving up for the deposit.

Others feature articles about the severe lack of new homes being built (which is especially true in Walsall!).  A group of people that don’t often get any column inches however are those existing Walsall homeowners who can’t move!

You would think that with ultra-low interest rates at 0.50% (albeit recently increased in the budget from 0.25%) the number of people moving would be booming – wouldn’t you?  However, this has not been the case.  Less people are moving because of the following reasons:

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Today’s BTL Deal, One Bed Semi, Wareham Close, Walsall, WS3 Yields Of 7.20%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals, Walsall Property Market , , , , , , , , , , ,

A one bedroom terraced house in a popular estate in Walsall for rentals. It is a very nice spec and billed as a buy to let opportunity and already being let as is. However, it is not clear from the listing whether the property comes with the current “Sitting tenant”. It is a modern build with all the relevant features e.g. double glazing, gas central heating type, fitted kitchen, bathroom with shower, low maintenance gardens 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.

The current asking price is fore offers over £75k and based on the current rental of £450.00 pcm will return a yield of 7.20%. However, I feel that offers “Over” the asking price are asking a little too much.

Currently on offer with Goodchilds (01922 312016) click here for the full details http://www.zoopla.co.uk/for-sale/details/40817062 and the EPC can be found 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.

For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01922 311016, you can always email me on salekm@ashmorelettings.co.uk.

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

Blog: www.walsallpropertyblog.com

Facebook: https://www.facebook.com/AshmoreLettings

Twitter: https://twitter.com/AshmoreLettings

 

Today’s Buy To Let Deal yields 5.50% is a 2 Bed Terraced house with Loft Conversion, Walsall, WS4.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , , , , ,

A 2 bedroom terraced house in the Rushall area of Walsall, WS4, currently marketed by Purple Bricks (0121 721 9601). Plenty of photos here showing the property off at its best. The decor is all neutral and does not need anything doing to it from what I can see.

Without an internal viewing it is impossible to assess if anything needs to be done as regards upgrades, but as it stands it looks good to go. You could expect a rental of £550.00 pcm.   Therefore, if the property sells at the current asking price will result in a yield of 5.50%.

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

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Is Moving Home in Walsall – ‘Mission Impossible’?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Is Moving Home in Walsall - ‘Mission Impossible?
Is Moving Home in Walsall – ‘Mission Impossible?

Moving to a larger home is something Walsall people with growing young families aspire to.  Many people in two bedroom homes move to a three-bedroom home and some even make the jump to a four-bed home.  Bigger homes, especially three-bed Walsall homes are much in demand and it can be a costly move.  However, is jumping to a 4 Bed House a step too far?

If you live in Walsall in a two-bedroom property and wish to move to a four-bedroom house in Walsall, you would need to spend on average, an additional £153,066 (or £604.61 pcm in mortgage payments (based on the UK Bank average standard variable rate)).  However, going straight to a four bed from a two-bed home is quite rare as most people jump from a two to three-bedroom home, then later in life, from a three to four-bedroom home.

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What if…the UK Population lived on One Street??!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
What if…the UK Population lived on One Street??!!
What if…the UK Population lived on One Street??!!

In my line of work I meet many property entrepreneurs…from budding enthusiasts…to seasoned developers.  Meetings whether face-to-face, by phone, Skpe or email lead on to many interesting conversations some of which, I write about.  I don’t profess to have all the answers but I like reading and learning about property.

This sometimes takes me away from our local Walsall property market, to conversations about our region and the national geographic area as a whole.  My expertise is in the local area where I ‘ply’ my trade to ‘eek’ out a living.  Anyway, I thought I would share something different with you this week, my blog reading friends, which I found really interesting and entertaining at the same time…hope you do too!

If the population of the UK were condensed into just a single street, more than a third of us would live in a semi-detached house worth £207,000.

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

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Do we have a ‘triple speed' Walsall property market?
Do we have a ‘triple speed’ Walsall property market?

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…

  1. ‘lower’ Walsall Property Market.
  2. ‘lower to middle’ Walsall Property Market.
  3. ‘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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