WALSALL LANDLORDS – THREE THINGS I’ll be doing over Christmas 2017!!

WALSALL LANDLORDS - THREE THINGS I’LL BE DOING OVER CHRISTMAS
WALSALL LANDLORDS – THREE THINGS I’LL BE DOING OVER CHRISTMAS 2017

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…

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Today’s Buy To Let Deal Yields 5.04%, Two Bed Terraced, Poppy Drive, Walsall, WS5.

A modern two bedroom terraced house, Poppy Drive, Walsall, WS5 on the very popular Tamebridge estate. The full property details can be found here.

The marketed value is for offers over £125k. Personally, I don’t see this property selling at that price. I have written previous articles on similar properties that the asking price was around £110k, here are just three to have a look at:

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Some properties have sold at around the asking price here, but realistically the selling price should be somewhere between £110k – £120k depending on the quality of the spec and that’s where I want to focus on next.

There aren’t a vast array of photos here, but what there are show a property a little tired and in need of some TLC. Despite the modern kitchen, bathroom, double glazing and gas central heating, from what we can see the decor needs updating and the same with the flooring plus the rear garden requires attention. No photos of the bedrooms either. Parking is off-road. I would recommend a viewing to really appreciate this one.

One thing is for sure that the property will let, but you will need to upgrade it and it won’t cost the earth to do so.

A property of this type will attract a minimum pcm rental of £525.00 meaning a rental yield of 5.04% based on the current sale price. You should expect a better return with upgrades and haggling the price down somewhat.

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

 

Today’s 3 Bed Semi Buy To Let Deal Yields 5.57%, Alderley Crescent, Walsall, WS3.

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.

There are plenty of photos to show off the very attractive spec of this property. My personal experience with this estate is that the estate is very popular and highly sought after for rentals.

The location benefits from being within easy reach of all the major road networks, services and other amenities lending easy access to Walsall and Bloxwich town centres.

The property is of modern design and has off-road parking as well as a garage. There is a fully fitted kitchen and has gas central heating and double glazing. Additionally there is a large lounge, two double bedrooms and a fair sized garden. the only blip on the horizon for me is the bathroom, which looks a little dated and could do with an upgrade. However, do not let that be a deal breaker, the property can definitely be let as is. But don’t take my word for it, go and take a look for yourself and book a viewing appointment.

The current asking price is £139950k and based on a rental of £650.00 pcm will return a yield of 5.57% though I do feel that the property is slightly overpriced.

Currently on offer with House Simple (0330 098 9870) 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

 

Today’s By To Let Deal, Britannia Road, Poppyfields, Walsall, WS1 With Yields Of 5.28%.

A two bedroom end terraced house on the popular Poppyfields estate in Walsall. The area is popular for investors and renters alike. The property benefits from double glazing and gas central heating. Parking is off-road. It would be better appreciated by a viewing. Some improvements/ changes will be needed including the rear garden and bathroom. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall and West Bromwich town centres. For the football aficionados amongst us, Bescot Stadium is just a few mins walk away.

The current asking price is £125000 and based on a rental of £550.00 pcm will return a yield of 5.28%.

Currently on offer with Bairstow eves (01902 312791) click here for the full property details or give them a call.

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

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

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

What if…the UK Population lived on One Street??!!

What if…the UK Population lived on One Street??!!
What if…the UK Population lived on One Street??!!

In my line of work I meet many property entrepreneurs…from budding enthusiasts…to seasoned developers.  Meetings whether face-to-face, by phone, Skpe or email lead on to many interesting conversations some of which, I write about.  I don’t profess to have all the answers but I like reading and learning about property.

This sometimes takes me away from our local Walsall property market, to conversations about our region and the national geographic area as a whole.  My expertise is in the local area where I ‘ply’ my trade to ‘eek’ out a living.  Anyway, I thought I would share something different with you this week, my blog reading friends, which I found really interesting and entertaining at the same time…hope you do too!

If the population of the UK were condensed into just a single street, more than a third of us would live in a semi-detached house worth £207,000.

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

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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