Letting Agents Walsall

What type of property is best to invest in, in Walsall? Detached or Terraced?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , ,

One of my professional landlords called me towards the end of last week informing me how he thinks he should be purchasing more detached properties in Walsall.  He told me how he thinks they will bring about better returns when he sells them although he hasn’t sold anything yet.  I thought this didn’t ring quiet true in my mind so, me being me, I began to look at the stats to see what the actual numbers was telling us.

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Rightmove announced that average ‘asking prices’ fell slightly last month by 0.6% in the West Midlands, leaving them 2.9% higher than a year ago.

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6 Bed Semi on Broadway North, Walsall, WS1 – Potential for HMO??

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

Broadway North Main Pic

This 6 bed semi is situated at Broadway North (Nr. Arboretum Park), Walsall, WS1.  On the market with Acorn & Co (01922 312060).  Priced at £250,000.  Full details can be found by following the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38476827

This property which has just come on the market as of yesterday (23/10/15), made me think…hmm…maybe one as a HMO (House in Multiple Occupation)?  Looking at the yields by making some minor changes (i.e. fire doors, alarms, locks and possibly some furniture) we are looking at minimum yields of 10.6%.  Personally, I would make some further changes looking to achieve an even healthier yield of around 14.1% and upwards with minimal outlay for maximum returns.  But is all as rosy as it looks….???

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The Time Bomb of The Walsall Property Market

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , ,

I had an interesting telephone conversation with a local property developer and landlord.  Amongst other matters we began to talk about the future of the Walsall property market.  He wanted to know my thoughts on the future of the Private Rental Sector (PRS) nationally and especially locally.  As usual I had an opinion and it sounded like he wanted to hear it.  Below are my thoughts on how I think the next 10 years will play out and why I think the PRS is set to grow even further in Walsall.

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Thatcher’s government introduced the right to buy of council homes but that’s not where the British obsession for owning your own home began.  Prior to WW2 the aspiration of the people wasn’t to buy but to rent.  Looking at the country as a whole, in 1951, 30% of residential properties were owner occupied, then every ten years that rose incrementally to 39% by 1961, 51% by 1971, 58% by 1981, 68% by 2001 but after that, it dropped to 63.4% by 2011 and continues to drop today.

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2 Bed Bungalow with potential yields upwards of 7.5% in Shelfield, Walsall!

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

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This 2 bed semi detached Bungalow is situated at an over 55’s development in Deepwood Close, Shelfield, Walsall, WS4.  On the market with Lovett & Co (01543 526007).  Priced at £95,000.  Full details can be found by following the link below:

http://www.zoopla.co.uk/for-sale/details/38410327

I like bungalows, I just like them.  Probably down to many factors more to do with the heart than the head but perhaps it’s to do with the space, no stairs, grandma’s cookies, grandpa’s jokes and that holiday feeling etc..etc….

Anyway, before I drift off I would like to share with you the reason why I think this particular bungalow caught my eye today and why I think this makes a great buy to let investment.

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2 Bed Apartment with potential yield of 7.9% in Bentley, Walsall!!

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

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This 2 bed semi is situated at Solar House, Pendlebury Close, Bentley, Walsall, WS2.  On the market with Centrick Property Nationwide (0121  411 0671).  Priced at £89,950.  Full details can be found by following the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38341722

My readers/ clients & followers all know that I’m not keen on flats/ apartments (I say this and you say that…) for various reasons I have shared in past articles.  However, I am noticing some great deals and can’t help but share these with you.  As I searched for some buy to let deals today I was wondering what I would come across.  The above apartment caught my eye as it has just come on the market and the potential yields achievable is very impressive to say the least.

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Anyone for a do-it-uppy? 3 bed semi in Palfrey, Walsall

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

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This 3 bed semi is situated on Alexandra Road, Palfrey, Walsall, WS1.  On the market with Visum (0121 411 0838).  Priced at £75,000.  Full details can be found by following the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38243357

Now first thing first.  I’m not sure what your thoughts are on these on-line agents but I’m not a fan whether buying, selling, letting out or looking to rent.  To me there are more cons than pros which sway me to look away the moment I see a property with a so-called on-line agent.  Anyway, that topic’s for another day….

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Why it makes sense to invest in property in Walsall…..

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , ,

So I had an interesting conversation with a landlord recently from the south who was looking to invest in Birmingham.  Even though he has a property we manage for him in Shenstone he still calls it Birmingham so when I informed him about some mouth watering deals you could have in Walsall, he asked me where that was!   Anyway, we started to talk about the local property market in Walsall and I shared with him my thoughts and why, to me at least, it makes sense.

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The Land Registry have just released their latest set of figures for the Walsall Property Market, and it makes interesting reading – as average property values in Walsall rose by 0.2% in May.

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