Letting Agents Walsall

Buy To Let Deal Of The Day, Gower Street, Walsall, WS2. Yields 4.95%.

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

A two bedroom semi detached house in the Pleck area of Walsall, WS2. It has been listed with Zoopla just two days ago. There are plenty of photos, which show decent property spec including a modern kitchen and bathroom. The decor is neutral, both bedrooms are large and there is double glazing and central heating. This one could be let as is, but I would recommend doing something with the grass in the rear garden, it does look a bit worse for wear. Parking looks like it is on-road.

The selling price is £120k and it is located in an area popular for rented accommodation.

There are a selection of local schools, healthcare amenities such as doctors, dentists and chemists within easy each. Transport services are very good with bus routes and major road networks nearby and Walsall town centre only a couple of miles away.

I appraise the rental to be £495.00 pcm giving a yield of 4.95%. Currently on offer with Connells (01922 716026) click here for the full property details.

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

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Today’s Buy To Let Deal Yields 5.41% 2 Bedroom Semi Detached House, Bank Street, Cannock, WS12.

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

A two bedroom semi detached house, Bank Street, Cannock, WS12. The asking price is for £127500 and is marketed by Purple Bricks (01926 267659).

An excellent spec throughout with modern kitchen, bathroom, gas central heating and double glazing, however the rear garden will need some attention. Parking facilities are not listed in the description.

The location is ideal for commuting to Cannock town centre. Many other amenities and services are all within a short distance away.

I appraise the pcm at a minimum of £575.00 and if the property sells at the current asking price, this makes a yield of 5.41%.

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

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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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Today’s Buy To Let Deal, 3 Bedroom Semi Detached House, Booth Street, Walsall, WS3. With Yields Of 7.52%.

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

A very nice 3 bed semi detached house in Blakenall Heath, Walsall. The area has changed for the better over the last few years due to the housing regeneration that has happened. Currently marketed by Webbs estate agent (01922 312727). It’s a decent spec, but will need some attention in certain areas of the decor. It has gas central heating and double glazing.

It is certainly a family home with a spacious rear garden with awning over a patio area and being low maintenance. Parking is off-road on the front curtilage with space for at least two vehicles.

The location is ideal commuting distance to Walsall town centre and close to the major transport routes. Schools and healthcare centres are aplenty and within easy reach.

The minimum pcm you could expect is £595.00 and if the property sells at the current asking price, this would mean a yield of 7.52%.

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

Click here for full property details or call Webbs estate agent (01922 312727) to arrange a viewing, I highly recommend it.

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: http://www.walsallpropertyblog.com

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

Twitter: https://twitter.com/AshmoreLettings

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Avoiding a ‘Nightmare’ Walsall tenancy!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
Avoiding a ‘Nightmare_ Walsall tenancy!
Avoiding a ‘Nightmare_ Walsall tenancy!

My neighbour came to see me the other day.  I’m old fashioned like that…Yes, I talk to my neighbours!  He knows I work in Property Management so thought he would pick my brains on a tenancy that has gone ‘awry’ for him.

If there is one thing that all landlords dread, it’s the ‘tenants from hell’!  Whilst the vast majority of tenants cause no problems and will treat your property with respect it is an inherent risk of being a landlord.  However, there are ways to minimise the likelihood of nightmare tenants becoming your tenants!

Now, I’ll help him to get his property back by following the legal process but I also wanted you, my Blog reading friends, to benefit from some tips I shared to ensure you have your risks covered.  By following the 5-step-guide below you just might avoid a nightmare tenancy…

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5 reasons why NOT to use Gumtree to let a Walsall Property

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
5 reasons why NOT to use Gumtree to let a Walsall Property
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!

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Today’s Buy To Let Deal Is A Bargain Yielding 8.64% In The Heart Of Walsall Town Centre.

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

This 1 bed flat is situated at Tudor House, Bridge Street, Walsall, WS1.  On the market with House Network (01245 409116) and priced at £50k, the full details can be found here.

My readers and clients will know that I do not generally highlight flats, apartments and the like, however, I just couldn’t pass this one up as it has just become available and generates impressive yields.

In contrast to the neighbouring cities (Birmingham & Wolverhampton), you would not only net a bargain with this flat at a relatively decent price but at a gross yield of 8.64% at a rental of £360.00 pcm, the buy to let landlord can hope to achieve a healthy gain.  Set right in the heart of Walsall town centre makes this an ideal location for retail and transport access. Unfortunately, there is no parking.

The spec is pretty decent. However, there is no central heating and there is no gas supply, so any heating system installed would have to be all electric. The good news is that an all-electric, cost effective and efficient system could be installed for as little as £1200.00.

Before buying I would enquire about the service charges and the terms of the lease needs to be scrutinised by a qualified professional.  I’ve seen many developments over the years which have deteriorated quickly due to the set-up of service charges either being inadequate or the appointed managing agents being completely incompetent.  Leases can be a minefield and one has to be fully conversant of the consequences if they are not fully understood from the start.  Net yields can be just as quickly decimated if you are not careful with inappropriate costs of Section 20 (major works) due to a lack of foresight by property managers not to mention inexcusable mismanagement of the service charge.

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

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17.7% of Walsall owner-occupying OAP’s are in poor health!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
17.7% of Walsall owner-occupying OAP’s are in poor health!
17.7% of Walsall owner-occupying OAP’s are in poor health!

“Why should Walsall’s pensioners be forced to downsize? A question I received via social media a couple of weeks ago.  The mature member of a Walsall society came across my article I wrote at the start of the year (see article HERE), about Walsall pensioners feeling trapped in their homes.

There are around 24,000 home owning OAP’s in Walsall.

After working hard for a life time and buying a home for themselves and their family, the children have flown the nest and now they are left to rattle around in a big house. Many feel trapped in their large homes, hence I dubbed these Walsall home owning mature members of our society, ‘Generation Trapped’.

So, should we force OAP Walsall homeowners to downsize?

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As a Walsall landlord is it wise to set up a Limited company?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
As a Walsall landlord is it wise to set up a Limited company?
As a Walsall landlord is it wise to set up a Limited company?

A question I get asked all too often is around whether to set up a limited company or not?  I’ve always maintained my expertise is not around tax (as much as it is the Accountant’s job and that’s why I have one..you should do too), but on this platform I can always share my thoughts with you.

In November 2015, George Osborne disclosed plans to restrain the buy to let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market.  One of things he brought in was that tax relief on BTL mortgages would be capped, starting in April 2017.  Before April 2017, a private landlord could claim tax relief from their interest on their BTL mortgage at the rate they paid income tax – (i.e. 20% basic /40% higher rate and 45% additional rate).

So, for example, let’s say we have a Walsall landlord, a high rate tax payer who has a BTL investment where the rent is £600 a month and the mortgage is £400 per month.  In the tax year just gone (16/17), assuming no other costs or allowable items …

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Walsall needs to build 5,400 mixed tenure properties in 7 years..

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
Walsall needs to build 5,400 mixed tenure properties in 7 years..
Walsall needs to build 5,400 mixed tenure properties in 7 years..

I was having a most interesting chat the other day with a Walsall landlord when we were looking at a property he was thinking of buying. As I am sure you are aware, I am always happy to cast my eye over any potential buy-to-let purchase in Walsall, be that you emailing me a Rightmove/ Zoopla link, a brochure in the post or even treading the carpet and seeing it together. I don’t charge for that, and you don’t even need to be a client of mine.

We got talking about the Walsall Property Market and this landlord brought up the subject of a report he had read that stated almost 1.8m new rental homes are needed by 2025 to keep up with current demand from tenants. He wanted to know what this meant for Walsall.

Well my blog reading friends, some commentators said last winter that buy-to-let was about to die, what with the new stamp duty changes and how mortgage tax relief will be calculated. Others even said 500,000 rental properties would flood the market nationally in the 12 months after the new Stamp Duty rules came into force on the 1st April 2016 as landlords left the rental market. Well, all I can say is, I wish all the landlords of those half a million properties would hurry up and put them on the market – because I have plenty of other potential landlords wanting to buy them!

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