Walsall Property Blog on Holiday!

Walsall Property Blog on Holiday
Walsall Property Blog on Holiday

Keeping a blog updated can be an exhausting affair so I’ve decided to take a break especially, since the children have holidays.  The wedding season is also in full swing (I’m attending two weddings next week!!).  I hope to return to the blog towards the end of the month.

 

In the meantime, why not visit these property related websites to hone your property investor acumen?

http://www.landlordlaw.co.uk/ – This is a great resource of useful information, especially on legal issues.

www.periodproperty.co.uk is, as you can imagine, the place to find a thatched, listed or historic home, while www.propertyauctions.com lists dates and reserve prices on upcoming auctions plus tips for those bidding for the first time.

www.firstrungnow.com targets first-time buyers and has information on low cost properties for sale. Young buyers wanting to pool resources can find a co-buyer on www.sharedspaces.co.uk or www.co-buywithme.co.uk.

Whilst I’m away if there is anything you would like me to pick up on/ discuss/ write about upon my return please send me an email or message me via any of my social media sites.  Take care and happy holidays…

Phone: 01922 311016

Email: salekm@ashmorelettings.co.uk

 

3 Bed Terrace in WS1 With a Super Yield of 6.3%

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Lord Street, Palfrey, Walsall, WS1 is on the market with Homepoint – Walsall (01922 312002) priced at £99,950.  Full particulars are available on the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38039763

It may not be the prettiest type of property or in the most affluent area of Walsall but there are many other pros which attracted me to this property.  The first point is the yield which at 6.3% is a good return in any investor’s book.  Also, the property seems like not much work is required (other than decoration preference).  Being in a community where family accommodation is highly sought after this should rent out all day with very little void periods in between tenancies.

Close to Bescot Retail Park, Bescot Stadium (Sunday Market), Morrisons, J9 of the M6, Palfrey Park and my favourite Kebab Shop!  Just on the market I would have no hesitation in recommending this to investors seeking a good return in perhaps an unlikely investment property.

If you wish to discuss the above or have any other property related matter you’d like to discuss, I’m happy yo hear your thoughts.  Please feel free to contact me or why not send me a link to the property you would like to discuss.

Phone: 0345 257 9850/ 01922 637672

Email: salekm@ashmorelettings.co.uk

3 Bed Semi with Conservatory – Yield of 5.4%

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Wrexham Avenue, Bentley, Walsall, WS2 is on the market with Love Your Postcode B’ham (0121 659 7776) priced at £114,950.  For the full particulars please click on the link to the agent’s advert below:

http://www.zoopla.co.uk/for-sale/details/photos/37949696

I have to say that I like the look of this property which is situated ideally near J10 of the M6.  It has plenty of plus points such as a nice fitted kitchen/ diner and a spacious lounge and conservatory downstairs.  A low maintenance rear garden and an upstairs bathroom which you sometimes do not get with these types of houses.  Not to mention the cul-de-sac location.  The only con is that the driveway is shared and I personally don’t like the argy-bargy of sharing.  However, there is plenty of space to make suitable future changes with a garden out front which looks like you would be able to fit several cars after adding a driveway.

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2 Bed Maisonette with sitting tenants – potential yield of 6.4%

Thorncroft Way - 2 Bed Kitchen

Thorncroft Way, Yew Tree, Walsall, WS5 is on the market with Shipways (0121 659 1499) at £80,000

http://www.zoopla.co.uk/for-sale/details/photos/36422634

The Yew Tree area of Walsall has been the focal point of regeneration for the past 15-20 years now.  Development is still ongoing with new housing nearby which is a good indicator of potential capital growth.  This property was on the market in March 2015 with an asking price of £100,000 recently reduced to £80,000.  Looking at the pictures I would suggest that very little is required by way of improvement to the property and an astute buyer would look to negotiate further on the price.

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Buying a house for the same price as a TV!

An elderly gentleman popped into the office a couple of days ago to ask about, of all things, inheritance tax!  He had read an article in our recent newsletter and wanted some more information so I put him in touch with our tax specialist to arrange a chat.  We got talking about investing in the Walsall property market and he reminded me that in his day, you could have bought a property for the same price as a decent second hand car would sell for today and that his father was buying property for the same price as a decent 50 inch LCD TV!

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This two bedroom apartment near Wolverhampton University (Walsall Campus) will give you a great yield.

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Spring Court on Birmingham Road, Walsall, WS1 is on the market with Homepoint (01922 312002) at £95,000

http://www.zoopla.co.uk/for-sale/details/photos/34782409

Now I’ll be honest and tell you that I’m not a fan of apartments but I have to tell you that this one is set in lovely grounds with more pros than cons.  Therefore, I have been compelled to inform you that I think this makes an ideal buy-to-let investment.  With a really good potential yield of 6.25% I feel this will make an ideal investment for any type of landlord be it novice or professional.  Ideally situated near the University and major commuting routes/ town centre.  If you are thinking of investing in a buy-to-let in Walsall why not get in touch.  If you want my opinion on any property in Walsall and how I think it will perform in the rental market please send me a link to the property at salekm@ashmorelettings.co.uk and I will be more than happy to pass judgement.