Today’s Buy To Let Deal. Ready Made Tenant! 2 Bed, West Street, Walsall, WS3. With Yields Of 6.75%.

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In my previous buy to let deal of the day, I asked what could be more ready to go than a newbuild..? Well, this one can! Why? It’s got a ready made tenant, that’s why.

A traditional two bedroom terraced house in the Leamore area of Walsall. It’s a pretty good spec actually and it doesn’t need anything doing to it. But, if I was buying it with a sitting tenant, I would sort the back garden out just to show them what a cool and groovy landlord I was. Why not? The money I’m saving by not having to have a void period whilst trying to find a tenant, paying agent fees when I do, updating the decor etc to provide a nicer looking garden for my tenant, it’s a no brainer.

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Buy To Let Deal Of The Day 2 Bedroom Semi, Waters Keep, Walsall, WS3. With Yields Of 6.13%.

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How’s this for a ship shape and ready to go deal? You don’t get more ready to go than a newbuild, do you? This 2 bedroom semi detached house on Waters Keep in Walsall, WS3 is part of a newbuild development in the north Walsall area, which continues to grow in popularity and re-development. The property is being marketed by Reed Rains (01543 439087) at £116500.

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Today’s Buy To Let Deal, Harebell Close, Walsall, WS5 With Yields Of 5.28%.

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A two bedroom terraced house, Harebell Close, Tamebridge, Walsall, WS5. The asking price is £124950 with Henley Charles (0121 659 5777).  Full property details are here.

Nestled in the highly popular and very desirable Tamebridge estate, speaks volumes as to the location and therefore the potential for long term letting.

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Today’s Buy To Let Deal Pargeter Street, Walsall, WS2. With Yields Of 6.33%.

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I’m going to say right up front that the decor here is not to everyone’s taste, however, do not let that stop you from letting it as it is, because the spec is top-notch. Get in there now and arrange a viewing! Plenty of photos to really soak up the presentation of the property.

A two bedroom terraced house in the Birchills area of Walsall, WS2, The asking price is £90000 and though there are other properties in the area that go for less, the price is still below average for the area and the specs are not of the same quality.

It is marketed as a two/ three bed house as one of the reception rooms is being used as third bedroom and from what I can see it hasn’t been converted and changing it back to a reception room shouldn’t be too much of a hassle.

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Buy To Let Deal Of The Day Tanacetum Drive, Walsall, WS5 With Yields Of 5.52%.

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A two bedroom semi detached house on the prestigious and popular Tamebridge estate in Walsall. The area is very high profile area for renting and rental prices tend to attract a premium on the estate. The property benefits from double glazing and gas central heating. Parking is off-road. 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 and West Bromwich town centres.

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Are Walsall Landlords Exploiting Walsall Property?

Are Walsall Landlords Exploiting Walsall Property?
Are Walsall Landlords Exploiting Walsall Property?

I can’t remember who coined it first but the first time I heard it was when Mrs Thatcher said it…“An Englishman’s home is his castle-and everyone should own their own home”.

In 1971, around 50% of people owned their own home and, as the baby-boomers got better jobs and pay, that proportion of homeowners rose to 69% by 2001.  Homeownership was here to stay as many baby boomers assumed it’s very much a cultural thing here in Britain to own your own home.

But on the back of TV programmes like Homes Under the Hammer, these same baby boomers started to jump on the band wagon of Walsall buy to let properties as an investment. Walsall first time buyers were in competition with Walsall landlords to buy these smaller starter homes… pushing house prices up in the 2000’s beyond the reach of first time buyers. Alas, it is not as simple as that. Many factors come into play, such as economics, the banks and government policy. But are Walsall landlords fanning the flames of the Walsall housing crisis by adding to the bonfire?

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Open House Viewing For This 3 Bedroom Semi, Reservoir Street, Walsall, WS2. With Yields Of 6.49%.

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A 3 bedroom semi detached house in the Alumwell area of Walsall, currently marketed by Bairstoweves (01922 312 791).

There is an open house viewing on Saturday 21st January 2017 from 10.00am so get yourself along to it and have a look for yourself.

Looks like a decent spec, but the decor will need to be changed for obvious reasons. However, without a internal viewing it is impossible to assess if any other improvements need to be made.

The pcm rental you could expect for this property is in the region of £595.00 and therefore if the property sells at the current asking price of £110k this will result in a yield of 6.49%.

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2 Bed Terraced House in Bloxwich, Walsall, WS3 Yields 6.33%

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This is a two bedroomed terraced house situated on Foster street, Walsall, WS3.  On the market with Goodchilds (01922 312 016) and priced at £90000.  The full property details can be found here.

Based on the photos that are available the spec is very nice and is complemented by a refitted bathroom.  I have written in some previous articles on the regeneration in the North Walsall area and why it is a viable proposition for investing in buy to let properties.

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How Much Rent Can I Get For My Walsall Property?

How Much Rent Can I Get For My Walsall Property
How Much Rent Can I Get For My Walsall Property

Welcome back to the first Walsall Property Market blog article of the New Year! I hope you enjoyed a well deserved break over the holidays?

Over the weekend I received a call from a newbie landlord living in the south who was purchasing his first buy to let Walsall property.  He said he had been following my blog for a while and wanted to ask a few questions. His first question was “How much rent can I achieve for my property?”  A question I get asked once or twice a year…!!

I thought it was only fair to explain the thoughts behind an appraisal and how I arrive at the appraisal level when I go out to a property.  Below are the key points of that conversation and my thoughts…

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“Inception”? 2 Bed House, Miner Street, Walsall, WS2. With Yields Of 7.70%.

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I’m getting a lot of deja vu these days and there I go again! Or did I? I wrote about this one back in August. The difference being that when I first found this property it was listed with Purple Bricks and now it is listed with Great Move. Ok, fair enough. Now, IF the reason for the switching agents was because there was no interest in the 4 months that the property was posted with Purple Bricks, I completely understand, why not give another agent a go? However, since moving over to Great Move the asking price has increased by £5000. So, it does beg the question, if there was no interest for 4 months with one agent at £69000, why would more interest be generated in the same property for an extra five grand? Well, not everyone may have seen the original posting and have absolutely no idea the price has been hiked. So ladies and gents, this is exactly where I come in, your friendly neighbourhood blogger. I like to inform and help advise my readers with what the latest news is within the Walsall property market as we all know, forewarned is forearmed.

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