A 2 bedroom semi detached house on Bentley Drive, Walsall, WS2. The property is being marketed by Webbs estate agents (01922 312727). An excellent spec, which doesn’t necessarily need any upgrading, unless you really want to, however, the rear garden is quite large and could do with some TLC.
If I were a buy to let landlord in Walsall today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let.
To add insult to injury, Brexit has caused a tempering of the Walsall property market with property prices not increasing by the levels we have seen in the last few years. There is even a possibility we might even see a very slight drop in property prices this year and, if Walsall property prices do drop, the downside to that is that first time buyers could be attracted back into the Walsall property market; meaning less demand for renting ( ie rents will go down).
Before we all run for the hills, all these things could be serendipitous to every Walsall landlord, almost a blessing in disguise.
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.
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.
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.
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.
A two bedroom semi detached house on the prestigious and popular Tamebridge estate in Walsall. The area is very high profile area for renting and rental prices tend to attract a premium on the estate. The property benefits from double glazing and gas central heating. Parking is off-road. 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 and West Bromwich town centres.
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%.
During a site visit last week I was approached by a mature, friendly gentleman who lives next door to one of the properties I manage in Pelsall. He lives in a Bungalow, which is one of my favourite property types that he owns outright (mortgage free). We got talking about the Walsall property market and then he mentioned something which piqued my curiosity. How many other Walsall pensioners are in a similar situation?!
Walsall people aged over 65 currently hold more housing wealth in their homes than the annual GDP of the whole of Northumberland (strictly speaking a county can’t have a GDP, but as everyone knows the phrase, it works for comparison purposes!)
This is a problem for everyone in Walsall!
Many retiree’s want to move but cannot, as there is a shortage of such homes for mature people to downsize into. Due to the shortage, bungalows command a 10% to 20% premium per square foot over houses of the same size with stairs. To add to the woes, in 2014, just 1% of new builds in the UK were bungalows, according to the National House Building Council – down from 7% in 1996.
This is a two bedroomed terraced house situated on Foster street, Walsall, WS3. On the market with Goodchilds (01922 312 016) and priced at £90000. The full property details can be found here.
Based on the photos that are available the spec is very nice and is complemented by a refitted bathroom. I have written in some previous articles on the regeneration in the North Walsall area and why it is a viable proposition for investing in buy to let properties.
Walsall Property Blog 
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