£90,348 spent in Rent by Walsall Millennials Age 35

Walsall Rent Inreases Outstrips Inflation Since 2005
Walsall Rent Inreases Outstrips Inflation Since 2005

Millennials were born between the mid 1980’s and late 1990’s making them between the age of around 22 to late 30’s. They are the imaginative, artistic youngsters who grew up with the newest tech and computers and who are huge enthusiasts of music festivals, gourmet pizzas, emoji’s, selfies and old school nostalgia AKA…generation rent.

Countless Millennials have discovered that renting is a good choice for their shelter and accommodation needs without the hassle that comes from buying a home. Nonetheless, that is not the only reason they don’t buy property. When they should be concentrating on their profession, putting down roots and starting a family, Millennials are still going through the pressures and constraints on their finances of student loan liabilities whilst, at the same time, finding it hard-hitting to pay rent.

The hot topic at the moment is the cost of renting, as both our main political parties have seen mileage in wooing these Millennial Generation Renters. The average rent in Walsall is currently £618 per month making this a big-ticket item on the monthly budget. I was inquisitive to find out exactly how much Walsall Millennials will spend on rent by the time they reach their mid 30’s. The average age people leave home in the UK is 22; so looking at a Walsall 22-year-old (or Millennial) who left home in 2005 then between 2005 and today that Walsall Millennial will have shelled out £90,348 in rent.

Continue reading

Do Walsall Landlords need Letting Agents?!

Do Walsall Landlords need Letting Agents?!
Do Walsall Landlords need Letting Agents?!

So far 2018 has been hectic or what…??!!  Time seems to be running through my hands like water.  As a landlord and a property manager my daily workload is varied and that’s what I like about my life (afterall, as the saying goes – ‘variety is the spice of life’).  The planned stuff mixed in with the unplanned keeps a working day interesting.  However, if you are prone to anxiety attacks and don’t like uncertainty of a day in the life of a property manager, then perhaps you would be best advised to seek out the assistance of an expert…

So, the short answer to the question posed by a friend of mine (who is also a self-managing Walsall landlord) is that landlords don’t need to use the services of a Walsall letting agent.  Many Walsall landlords decide to be hands-on and undertake the whole lettings process themselves.

I started investing in Walsall buy-to-let property nineteen years ago in 1999 and I was keen to learn and control the whole process myself.  I was wary of entrusting others with what was ultimately my financial future and my thoughts were that no agent could possibly care about my Walsall property as much as me.

Continue reading

Today’s Buy To Let Deal, 3 Bed Semi Detached House, Chestnut Road, Walsall, WS3. With Yields Of 5.03%.

A very nice 3 bed semi detached house in Harden, Walsall, WS3. Currently marketed by House Network (01245 409116). It has a very nice spec with gas central heating and double glazing.

It is certainly a family home with spacious gardens and being fairly low maintenance. Parking is off-road. The master bedroom has an en-suite shower room and there is a separate dining room.

Continue reading

Today’s Buy To Let Deal, 2 Bed Terraced House, Camomile Close, Walsall, WS5.

A two bedroom terraced house, Camomile Close, Tamebridge, Walsall, WS5. Ideal for a buy to let investment opportunity. Marketed by Bairstow eves (01922 312791) and at a very reasonable £120k asking price. You can find the full property details here.

Situated in the highly popular Tamebridge estate, which is very conducive for long term letting.

Continue reading

Today’s Buy To Let Deal Is A 3 Bed Terraced House, Yew Tree, Walsall, WS5 Yields 5.49%

A 3 bed terraced house on Birchfield Way, Yew Tree, Walsall, WS5. On the market with Bairstoweves (01922 312791) and priced at £130k. Full details can be found here.

Continue reading

Buy To Let Deal Of The Day Springfields, Walsall, WS4. Yields 6.00%

A modern 3 bedroom terraced house in the Rushall area of Walsall, WS4, currently marketed by Acorns & Co (01926 312060). Plenty of photos showing a very nice spec. The decor is neutral which is excellent news and the carpeting may need to be changed, but not essential.

I would highly recommend a viewing. Based on what we can see you could expect a rental of £625.00 pcm.   Therefore, if the property sells at the current asking price of £125k will result in a yield of 6.00%

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

Continue reading

Buy To Let Deal Of The Day Via Auction Yields Over 10%

This one bed roomed  apartment is situated at Bridge Lofts, Leicester Street, Walsall, WS1.  On the market with Cottons chartered surveyors (0121 396 0665).  Priced at £52k, which is a guide price as the property is up for auction on 27/03/2018. The full details can be found here.

A yield of 10.61% was what caught my eye, which is based on an already achieved rent of £460.00 pcm. It really is a steal for anybody wishing to invest as a part of their extensive portfolio or as a first investment.  Situated in the heart of the town centre the property is ideal for the single professional.

Continue reading