A superb spec on this semi in the Bentley area of Walsall. A good sized property with two double bedrooms and a single. It also has double glazing and gas central heating. This is the definition of a buy to let deal that does not need a thing doing to it and is good to go as it is.
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Walsall’s humble Semi-Detached house increased by 227% in value
The humble semi-detached house with its bay windows and net curtains has long been ridiculed as an emblem of safe, lacklustre and desperately uncool suburban life; the homes of the likes of Hyacinth Bucket in ‘Keeping up Appearances’ and more latterly Alan Partridge – but they could have the last laugh – having enjoyed one of the highest price growths of any property type in Walsall, up by an average 227% increase in the last twenty years!
The semi is, of course, still hugely popular on new build developments; although slightly more modern in appearance compared to its older ancestor!
The semi can now laugh in the face of its posher detached counterpart, which saw a rise of only 161% in the same 20-year period. Looking at smaller properties, flats/apartments rose 106%, whilst terraced houses did slightly better at 229% although they were starting from a lower base and demand from buy to let landlords has had a big part in driving up the values on that type of house based upon its rental potential.
5 reasons why NOT to use Gumtree to let a Walsall Property
Honestly I could write a book about this. Time and time again through my agency career I would have landlords calling me, desperate for advice after they’ve placed a “lovely” tenant in their property using a free (or low cost) DIY advertising website. The tenant presented themselves as honest, open, and above all very capable of paying the rent.
But the truth is a different matter. They got into the property by deception, and ended up costing these landlords thousands of pounds in damages, unpaid rent, and above all…the stress. These landlords had to cover the mortgage whilst funding the legal battle. One made very difficult because they weren’t aware of all the legislation surrounding lettings. This could prejudice their position in court. Didn’t serve the Prescribed Information? Didn’t register the deposit within 30 days? That means the tenant could actually sue you for 3 times the deposit amount! And there’s more…
It has been said that some 30% of the PRS is made up of accidental landlords (Source: Landlordnews.co.uk). Here lies the problem. As an accidental, or amateur (not a bad thing!) landlord, it is unlikely that they invest the time to make themselves aware of all the legislation surrounding lettings. There is a lot, but as the saying goes “you don’t know what you don’t know,” so most are blissfully unaware – until it goes wrong, and they can do with disastrous consequences!
Today’s Buy To Let Deal, 3 Bed Semi, Beatrice Street, Walsall, WS3. With Yields Of 6.52%.
A 3 bed semi with three reception rooms, utility room and a garage. Not bad going for starters. It’s a decent spec overall, but will need some changes here and there with regard to the decor. Currently marketed with Purple Bricks (01926 267659) with offers over £115k.
Today’s Buy To Let Deal, 3 Bedroom Semi Detached, Valley Road, Walsall, WS3. With Yields Of 7.14%.
This is a must see! A very nice semi detached corner plot in Blakenall Heath, Walsall. I know I keep banging on about it, but the area has changed for the better due over the last few years due to the housing regeneration that has happened in the area. Currently marketed Your Move (01902 596633). It’s a decent spec, but will need some attention in certain areas e.g. the decor. It has gas central heating and double glazing.
Today’s Buy To Let Deal, 3 Bed Terraced House, West Street, Walsall, WS3. With Yields Of 6.00%.
There is very nice spec here and can be let as is. Marketed by Goodchilds (01922 312016) and priced at £110k. There is double glazing and gas central heating.
Today’s Buy To Let Deal Of The Day, 2 Bed Terraced House, Vincent street, Walsall, WS1. With Yields Of 5.50%.
A 2 bedroom terraced house in the Highgate area of Walsall. Marketed by Acorns & Co (01922 312060). This is a very nice spec overall, but the jungle of a rear garden will need some work. It is situated in a highly sought after area for residential lettings with all local amenities within easy reach.
The effects of a ‘Hard Brexit’ on the Walsall Property Market…
Through the many conversations I have with my clients on a daily basis I find the Brexit effect is a real and worrying one for many. This is usually the case when there is uncertainty in the air and as many questions remain unanswered…we can but attempt to make educated guesses on the how, what, when and if’s of the Brexit effect on the Walsall Property Market. I can only comment on matters as they unravel and we learn together what the strategies of this exit may be as and when these are revealed to us.
Recently I feel Theresa May has wasted an opportunity to give peace of mind to our EU co-workers by not confirming their rights as EU citizens working and living in Walsall (and the rest of the UK). No.10 Downing Street’s point of view is that in promising the rights of EU citizens in the UK, it will postpone the same guarantee to the 1.5 million UK citizens living in the other nations of the EU.
For a moment let’s put aside the politics…the simple fact is now Article 50 has been set in motion, we have two years to make a deal with the EU, otherwise it will be a ‘hard Brexit’. Now you might not think a hard Brexit will affect you in your home in Walsall…but nothing could be further from the truth.
Today’s Buy To Let Deal, 2 Bed Terraced House, Tong Street, Walsall, WS1. With Yields Of 5.85%.
A traditional two bedroom terraced house in the Chuckery area, Walsall, a popular area of Walsall for rented accommodation. Many photos here showing a not too shabby property, so it would be prudent to arrange a viewing asap. Though I would say the decor looks like it needs some improving.
The location is ideal for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools being less than a mile away). Healthcare amenities such as doctors, dentists and chemists are within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre just a mile away. There is double glazing, gas central heating and parking is on-road.
Today’s Buy To Let Deal Of The Day 3 Bed Town House, Walsall, WS2. With Yields Of 6.25%.
A three bedroom town house, Norfolk New Road, Reedswood, Walsall, WS2. An excellent spec on this one and ideally positioned in the Reedswood area of Walsall, close to the Reedswood Way Retail park. There are a large selection of schools locally and many are within a mile distance including the Reedswood E-Act Academy and Castle Business and Enterprise College. Healthcare amenities eg doctors, dentists etc are also nearby. Transport services are very good with bus routes and major road networks adjacent lending easy access to Walsall, Bloxwich and Willenhall. Junction 10 of the M6 is literally about a mile down the road.
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