Renting Property in Walsall

Is it possible that inflation could benefit landlords in Walsall?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
Is it possible that inflation could benefit landlords in Walsall?

For those who are old enough to recall the 1970s, memories may include fashion trends such as bell-bottom trousers, frayed jeans, and disco glitter balls, as well as economic challenges like HYPER-INFLATION. Presently, with inflation rates at 10.4%, some may long for the past few years of sub-2% inflation.

However, during the 1970s, the UK experienced a decade marked by sustained double-digit inflation for seven of its ten years.  Inflation was a significant issue in the UK during the 1970s, with the average annual inflation rate reaching 12.3% per year.

In fact, prices surged by as much as 25% in 1975 alone, reflecting the extent of the inflationary pressures faced by the economy during that decade.

The high inflation of the 1970s in the UK was attributed to various factors, such as the quadrupling of oil prices during the 1973 Oil Crisis (which may sound familiar), powerful unions, a high level of growth and investment in the 1950s and 1960s, all of which made it easier for inflationary pressures to build up in the 1970s. The property market was not exempt from these inflationary pressures either.

Between the beginning of 1970 and the end of 1979, the average price of a house in Walsall increased significantly, rising from £3,758 to £19,465.

Continue reading →

Walsall Home Ownership Drops – Smashing Thatcher’s Dream…

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

Walsall Home Ownership Drops – Smashing Thatcher’s Dream…

The housing data for Walsall has just been released from the 2021 Census and it makes interesting reading.  In 1975, Margaret Thatcher declared her conviction in a ‘property-owning democracy’.  Throughout the 1980s homeownership exploded and continued to grow for several decades thereafter.  What has happened to that dream nearly 50 years later?

Through prudence, saving and hard work, she believed that everyday British families should be able to purchase their own homes. Thus giving them security, self-esteem and independence and freeing them from the nanny state of local authority landlords. 

Although that idea was a Labour idea initially in the mid-1970s, Margaret Thatcher introduced legislation (Right-To-Buy) in 1980 to allow local authority tenants to buy their own council homes at significant discounts.  In the 1980s, homeownership boomed, although it had been on the increase for the previous two decades, the country and economy was led by Mrs. Thatcher into the direction to which house buying became a national passion. 

Between 1981 and 1990, home ownership went up from 11.88m to 15.47m.

Continue reading →

Is it time to jump ship for the Walsall Landlord? A Summary of the Rental Reform White Paper

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , ,
Is it time to jump ship for the Walsall Landlord? A Summary of the Rental Reform White Paper

In recent weeks I have been approached by many Walsall Landlords concerned about the impending changes proposed by the Government to reform the property rental market. In this article I will summarise the proposed changes and share my thoughts.

In June, the Government introduced a White Paper called “A Fairer Rented Private Sector”. It proposes the greatest changes to residential lettings law for 30 years. It talks about striking a balance between the need for tenants to live without fear of eviction but balanced against the need for landlords to recover possession of their properties…

The headline from the White Paper is that the Section 21 procedure, the so called “no fault eviction,” will be abolished…

Continue reading →

Walsall Landlords – a 2 Bed Semi Detached House, Yorkshire Grove, Walsall, WS2 With Yields of between 5.62% – 5.81%.

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

If you are a Walsall Landlord looking to expand your portfolio or getting into the Buy-to-Let (BTL) market for the first time then, you’ll know that there hasn’t been much fair pickings in recent times with the buoyant property market conditions. Added just four days ago is this two bedroom semi detached house marketed at offers in the region of £160k by Open House (020 8012 6473).

It isn’t always easy to assess the condition of the decoration/ fixtures from pictures therefore, I always recommend a physical viewing is arranged especially, if you don’t wish to make an expensive mistake that could have perhaps been avoided.

Continue reading →

My BTL Deal for the end of the Year, is a 2 Bed Semi Detached House, Shropshire Close, Walsall, WS2 With Yields of 5.29%.

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

2021 001-3

More good news for Walsall landlords. Added to the market at the beginning of this month is this two bedroom semi detached house marketed at offers over £170k by Dixons (01902 596801) & Connells (01922 312536). What I would say here, is that having multiple agents marketing a property is good news for the investor landlord. This may be a sign of desperation from the vendor, but it also confuses any potential buyer. So there is some mileage in negotiation on the selling price.

Another perfect spec ready for a quick let.

Continue reading →

My BTL Deal of the Week 2 Bed Semi Northumberland Way Walsall WS2 With Yields Of 5.57%.

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

I’m returning to another very popular estate for rental property for Walsall landlords. Listed 3 days ago this two bedroom semi detached house is being marketed at offers for £140k by Connells (01922 716026). Another perfect spec ready for a quick let. I would say the asking price is slightly over the ‘going rate’ for similar property types and specs on the estate.

There are two double bedrooms, as well as a family bathroom.  A modern kitchen with integrated white goods, a small low maintenance rear garden and off-road parking. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall town centre.

Continue reading →

My Buy To Let Deal of The Week 2 Bed Semi Yorkshire Grove Walsall WS2 Yields 5.57%.

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

A two bedroom semi detached house on a popular newbuild estate in Walsall, WS2. Marketed by Goodchilds (Call 01922 312016 ) with an asking price of £140k.

Continue reading →

My BTL Deal of the Week 2 Bed Terraced House, Penmire Grove, Walsall, WS4. With Yields Of 4.93%.

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

A 2 bedroom terraced house on Penmire Grove a new build housing estate about half a mile south of Rushall, Walsall, WS4. The property is being marketed by I Love Homes (01922 345905).

The spec looks perfectly on the money. Marketed at offers of over £140k, however it is I think that the price is a bit too optimistic as the last sale price was £131k 7 years ago.

The estate has an exclusive feel about it as it is somewhat off the beaten track. There is double glazing and gas central heating and off-road parking and is within easy reach of the major transport networks making quick commuting to other town centrs close by. There are a large variety of schools all within a mile plus healthcare and shopping amenities locally.

Continue reading →

My BTL Deal of the Week, is a 2 Bed Coach House, Northumberland Way, Walsall, WS2 With Yields Of 6.00%.

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

More good news for Walsall landlords. Just adde to the market this two bedroom coach house is being marketed at offers of £120k by Purple bricks (024 7511 8874). Another perfect spec ready for a quick let. I would say the asking price is about right for this property on the estate.

There is one double bedroom and one single bedroom as well as a family bathroom.  A modern kitchen with integrated white goods, a small low maintenance rear garden and off-road parking along with a garage. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall town centre.

Continue reading →

My BTL Deal Of The Week 3 Bed Terrace House Dickinson Drive WS2 Yielding 5.56%

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

This has been just added today. A three bedroom end terraced house, Dickinson drive, Bescot, Walsall, WS2. This property will need some upgrading to the decor and flooring as it’s kind of living in the past at the moment. On the plus side there are two double bedrooms and a single. A utility room with plumbing for white goods and a separate wc. The family bathroom is downstairs, however the master bedroom has an en-suite. Add to this a medium sized rear garden which is low maintenance along with off-road parking to the front alowing space for two cars. There is also gas central heatin and double glazing. The property is is further strengthened by its location about half a mile from M6 junction 9, ideal for commuting. For the frustrated footballer in all of us, Bescot stadium is but a short 10 minute stroll away. For your weekly shopping supplies look no further than the large Morrisons superstore also  just around the corner.

Continue reading →