A two bedroom terraced house, Sorell Drive, Tamebridge, Walsall, WS5. Ideal for a buy to let (BTL) investment opportunity. Marketed Bairstow eves (01926 312791) and at a very reasonable £110k asking price. You can find the full property details here.
Situated in the highly popular Tamebridge estate, which is very conducive for long term letting.
A modern 3 bedroom terraced house in the Rushall area of Walsall, WS4, currently marketed by Acorns & Co (01926 312060). Plenty of photos showing a very nice spec. The decor is neutral which is excellent news and the carpeting may need to be changed, but not essential.
I would highly recommend a viewing. Based on what we can see you could expect a rental of £625.00 pcm. Therefore, if the property sells at the current asking price of £125k will result in a yield of 6.00%
If you would like an instant online appraisal as to the rental value of your property, please click here.
This three bedroom semi detached house is beautifully presented. It is situated in Blakenall Lane, Leamore, Walsall, WS3. It is for sale via auction and there is a an open house viewing on Wednesday 7th March 2018 between 3.00 pm and 4.00 pm. Reserve your booking via Goodchilds 01922 312016. It is noted that cash buyers are preferred.
There are plenty of photos to show off the very attractive spec of this property with its many original features which include Minton tiled entrance and stained glass double glazing to mention just two. It has everything you could want in a property including double glazing, gas central heating, modern fitted kitchen and bathroom.
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. Additionally there are two double bedrooms and a single. Topped off with off-road parking and a large courtyard style rear garden.
Over the weekend I had an email from one of my Blog reading friends. I thought I would post this below and discuss in this week’s Blog post as it may benefit the rest of my friends who follow the Walsall Property Blog…
Landlord’s Question:
”Dear Salek,
Over the past two years I have had three different tenants in my rental property in the Delves area of Walsall. At first each of them came across like ideal tenants. However, not long into each of their tenancies, problems started to arise. To cut a long story short, between the three tenancies there have been months of non-payment, plenty of damage to the property and harassment (in the sense that I was called over 40 times in the space of 4 weeks with requests to change light bulbs, locking themselves out of the property etc).
Why am I attracting these tenants? Is this a common thing with being a Walsall landlord?’’
My Response:
A three bedroom end terraced house, Holford Avenue, Bescot, Walsall, WS2. This property is presented very nicely and with a very acceptable spec. It can be let as it currently stands though I would take a closer look at the rear garden, it could do with some sprucing up. The property type and high standard of spec makes it ideal for working professionals.This 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. The return journey could be a little longer if the Saddlers lose that Saturday. For your weekly shopping supplies look no further than the large Morrisons superstore just around the corner. It has a petrol forecourt as well…Handy!
I am getting more and more enquiries from my blog reading friends on some technical aspects of property management. In the past I’ve avoided writing about these types of questions on the Blog by answering them directly. I find writing about the Walsall property market more interesting but people power has to prevail and I feel I must provide the readership what they seek.
There are various reasons why you may need to recover possession of your rental property. Below is an enquiry I received recently and my answer. Hope you find it informative and as always I welcome your feedback. Do let me know if you have any burning questions you would like me to answer in a similar vein and I’ll do my best to accommodate.
Question:
‘Dear Salek,
I rented my property out when I moved into my husband’s house about 6 years ago and we are now going through a divorce. I need my property back as I need to move in as soon as possible, so I know I will need to evict the current tenants. How do I correctly serve a notice?
Thank you,
Sue.
Right ladies and gents, we are back in Dalkeith street, Birchills, Walsall again. Why, you ask? Well, I’m going to tell you. Firstly, and you may find this hard to believe, but Dalkeith street is blowing up right now, the level of interest from renters is insane. You may remember I mentioned in my last BTL deal post that I helped one of my clients rent out a two bed terraced just like this one recently! The second reason is as follows…I’ve repeated myself over and over again about renters’ expectations and what landlords actually provide. If you are serious about your property empire and want to maximise your portfolio as much as possible, what I am about to show you is the standard you should set yourself on every property you rent out. This is a bog standard two bed terraced house in the heart of Walsall, nothing at all special. However, by just investing a relatively small amount of money to showcase your let, this is what you can and should be achieving. I’m going to let the photos speak for themselves.
A 2 bedroom terraced house in the Rushall area of Walsall, WS4, currently marketed by Purple Bricks (0121 721 9601). Plenty of photos here showing the property off at its best. The decor is all neutral and does not need anything doing to it from what I can see.
Without an internal viewing it is impossible to assess if anything needs to be done as regards upgrades, but as it stands it looks good to go. You could expect a rental of £550.00 pcm. Therefore, if the property sells at the current asking price will result in a yield of 5.50%.
If you would like an instant online appraisal as to the rental value of your property, please click here.
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
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I have had a massive response from my Blog reading friends since I posted last weeks article on Jargon Busting. The thought had crossed my mind to do something different this week however, my readers have convinced me otherwise. So without further ‘ado’ here is part 2 (part 1 can be found here – just in case you missed it…)!!
Negative Equity – When the value of the mortgage which is outstanding on the property, is more than the market value of the property.
NHBC – National House Building Council. A warranty scheme for new properties providing cover against major structural defects for 10 years.
Non Resident Landlords – If you live overseas and are not a UK tax payer you can apply to receive rent without tax being deducted. For more information and details on how to apply for the Non Resident Landlords (NRL) Scheme – click HERE
Office Copy Entries – If the property has a registered title, the vendor’s (seller) solicitor will need to apply for office copy entries from the Land Registry before a draft contract can be prepared.
Ombudsman – An independent professional body which is set up by law to help settle individual disputes between consumers and firms, for example, estate agents, solicitors and insurance companies. There are now three ombudsman schemes.
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