My Buy To Let Deal Of The Day, 3 Bedroom Semi Detached House, West Bromwich Road, Walsall, WS5. With Yields Of 5.78%

A very nice specced 3 bed semi on West Bromwich Road, Walsall, WS5, marketed by Purple Bricks (0121 721 9601). It doesn’t need anything doing to it from what I can see of it and can be let as is as far as I am concerned. There is gas central heating and double glazing. The bathroom is on the ground floor and does not have a bath, but does have a bidet.

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Humongous Change of Walsall’s Shared Households!!

Humongous Change of Walsall’s Shared Households!!
Humongous Change of Walsall’s Shared Households!!

A day in the life of a Property Manager is never dull. One of the joys of my profession is meeting interesting people every day. If I had to choose who I enjoying meeting the most (landlords, tenants, contractors, developers, solicitors, other fellow professionals) then, I would have to say…landlords! The cogs of a landlord have always intrigued me and they can come up with some of the most interesting topics/ thoughts/ questions ever!!

The other day I met with a Walsall landlord who told me that he had been chatting with an architect friend of his who informed him that back in the mid 2000’s, the developments he was asked to draw up were a balance of one and two bed properties, compared to today where the majority of the buildings he is designing are more towards two and sometimes three bedrooms. Now of course, this was all subjective but it made me think if there was any truth in that and how this affected the Walsall property market?

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Walsall’s Spare Rooms..Perhaps the Answer to our Housing Crisis?

Walsall’s Spare Rooms..Perhaps the Answer to our Housing Crisis?
Walsall’s Spare Rooms..Perhaps the Answer to our Housing Crisis?

Of the 107,822 households in Walsall, 33,667 of those properties don’t only have one spare bedroom, but two spare bedrooms! Could this be the cure for Walsall’s housing crisis?

The fundamental problem is the fact that the supply of homes to live in has not historically met demand, increasing property values and rents, thus ensuring home ownership becomes an unattainable ambition for the youngsters of Walsall.

Let’s state the obvious..demand needs to drop or supply needs to rise to stop this trend getting worse for the generations to come.  Don’t get me wrong, I admire Downing Street’s plans to build 200,000 starter homes which will be offered to first time buyers under 40 with a minimum 20% discount price.  However, the building of starter homes on current building sites, where new homes builders already have to build a certain number of affordable ‘starter’ homes at the moment under a different scheme, does not increase the stock of new ‘starter’ homes, it simply replaces one affordable scheme with another.

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