A three bedroom semi detached house on a prestigious and popular estate in the Coalpool area in Walsall. Since major redevelopment in the area, the area’s profile has now been raised substantially making it a popular choice for rental.
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.
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.
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
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.
My Blog reading friends and existing clients will know that at some point over the Christmas break I get fed up of all the eating, drinking and partying. “Bah! Humbug!” I hear you say…but in reality I think it’s simply that as a busy business owner, my mind and body can’t take the change in pace from mad and hectic to practically a vegetative like state.
So it’s usually around this time of the year, when I hit that point and I need to re-engage my brain, this is what I plan to do…
The marketed value is for offers around £124950k. Now, if the stats on the listing are correct, the last sale of the property on 22/08/2017 was £90k. Therefore, this means in just under 4 months, the property has increased in value by almost £35k! Now that’s some mad capital growth in such a short space of time!
Again, I don’t see this property selling at the asking price. Seems to me the seller bought it at a bargain price and is now trying to capitalise quickly, but as to whether it is worth the asking price, I don’t think it is. The spec is absolutely what you would expect from a property on Tamebridge and there is nothing out of the ordinary nor unique that would set it apart from other similar properties on the estate