Property Lettings Walsall

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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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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Walsall’s humble Semi-Detached house increased by 227% in value

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Walsall's humble semi increased in value by 227%
Walsall’s humble semi increased in value by 227%

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.

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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!

Continue reading →

Walsall Babies Cause Walsall Property Shortage!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,
Walsall Babies Cause Walsall Property Shortage!!
Walsall Babies Cause Walsall Property Shortage!!

What is the relation to babies being born and the Walsall property shortage I hear you ask!  Well…

….as more babies are being born to Walsall mothers, this increase will continue to add pressure to the already strained Walsall property market – and greatly affect the local property market in the future.

The past eight years of ever incremental increasing birth rates, a significant 3.96 babies were born for every new home that was built in the Walsall area in 2016.

My belief is that it has and will continue to aggravate the Walsall housing shortage. This means demand for housing (be it to buy or rent) has remained high.  The high birth rate has meant Walsall rents and property prices have remained resilient and they will continue to remain high in the years to come – even with the challenges the economy has felt over the last eight years.

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The effects of a ‘Hard Brexit’ on the Walsall Property Market…

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,
The effects of a ‘Hard Brexit’ on the Walsall Property Market…
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.

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Walsall Property and the Housing White Paper..Back to the Future Part 2 (2037)!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Walsall Property and the Housing White Paper..Back to the Future Part 2 (2037)!!
Walsall Property and the Housing White Paper..Back to the Future Part 2 (2037)!!

I had an interesting conversation with a landlord who called me last week.  He manages his own portfolio and seemed well versed with the lettings industry.  He kept himself updated of the constant and fast changing world of housing and all the happenings in the Walsall Property Market.  He said he had been receiving my newsletters for some time now and followed my Blog with interest and wanted to pick my brain on the much awaited housing White Paper.  A summary of my thoughts and discussion with the landlord follows…

In case you didn’t know, a few weeks ago, the Government released a White Paper on housing.  It was interesting to note that the Private Rental Sector (PRS) played a key part in the future plans for housing. This is especially important for our increasing Walsall population.  It follows nicely from the article I wrote last week regarding Walsall property since 1981 where we looked back at what has happened since then.  In today’s article we can marry both the White Paper impact on Walsall’s Property Market, together with projections for the future and how they both tie in.

In 1981, the population of Walsall stood at 255,509…

…and today it stands at 278,902.

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Is the Walsall Buy to Let Market Over-Saturated?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Is the Walsall Buy to Let Market Over-Saturated?
Is the Walsall Buy to Let Market Over-Saturated?

If I were a buy to let landlord in Walsall today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let.

To add insult to injury, Brexit has caused a tempering of the Walsall property market with property prices not increasing by the levels we have seen in the last few years.  There is even a possibility we might even see a very slight drop in property prices this year and, if Walsall property prices do drop, the downside to that is that first time buyers could be attracted back into the Walsall property market; meaning less demand for renting ( ie rents will go down).

Before we all run for the hills, all these things could be serendipitous to every Walsall landlord, almost a blessing in disguise.

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