Carrying on from my last BTL deal, here’s another that could potentially be a fine investment opportunity. Well, disappointingly only one photo present, so get on the blower and make an appointment for a viewing!
Keeping a blog updated can be an exhausting affair and the last time I took a break was August 2017 so, I’ve decided to take a well earned rest!! I hope to return to the blog towards the end of November 2018.
In the meantime, why not visit these property related websites to hone your property investor acumen?
http://www.landlordlaw.co.uk/ – This is a great resource of useful information, especially on legal issues and Tessa Shepperson’s Blog has some golden nuggets…
www.periodproperty.co.uk is, as you can imagine, the place to find a thatched, listed or historic home, while www.propertyauctions.com lists dates and reserve prices on upcoming auctions plus tips for those bidding for the first time (great resource if you are seeking a fixer-upper.
This resource/ guide from Martin Lewis is extremely useful for first-time buyers www.moneysavingexpert.com.
Think you can’t afford to buy a property just yet? How about buying as a co-sharer with a friend or family? Visit www.ourproperty.co.uk to learn more about turning this possibility into reality.
Whilst I’m away if there is anything you would like me to pick up on/ discuss/ write about upon my return please send me an email or message me via any of my social media sites. Take care and wish me happy holidays…
Phone: 01922 311016
Today, we are still on the Shropshire Close estate, but this time a different road, Yorkshire Grove, a splendid 2 bed semi for your delectation.
An immaculately presented two bedroom Semi Detached house, Shropshire Close, Walsall, WS2. The asking price is for offers over £130k and currently marketed by Bairstow Eves (01922 321033). At a rental of at least £600.00 the yield will be 5.54%. Let’s check out why this is such a good investment. The full property details can be found here.
The location is ideal for an investment property being on a very popular estate for rentals and close enough to Walsall and Bloxwich town centres. There is easy access to major transport routes, school and other amenities.
Lets’s take a look inside…
A traditional two bedroom end terraced house in Leamore, Walsall. This outstanding spec is well worth your time and effort to view immediately.
I wrote my thoughts in an article in October 2016 after interest rates were slashed to 0.25%. You can read the full article by clicking here. Then in December 2017 I wrote a further article when it was announced interest rates would be increased to 0.50%. The full article can be found by clicking here. Existing clients and Blog reading friends alike have been asking me for my thoughts on the recently announced increase…the current average value of a property in Walsall currently stands at £181,994 so what will the recent increase in the base rates to 0.75% from 0.50% do to the local property market?
In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 months or the last 5 years), but to answer this question we need to go back over 40 years, to 1975.
The average value of a Walsall property in 1975 was £8,285
However, since 1975, we have experienced in the UK, inflation of 807.5%.
Just added to the market by Yopa (01322 584 475) is a three bedroom semi detached house in the Reedswood area of Walsall. My first impression is that it is a nice sized property, but the decor would need to be changed to something more neutral for a rental property. The property has everything that is to be expected for a property of this quality. There is off-road parking to the front in the form of a blocked paved driveway. there is a garage, but would not be able to be used as such, but as storage. The front and rear gardens are low maintenance and of average sizes. All three bedrooms are double sized and the kitchen and bathroom are of modern design. Additionally, there is a dining room, conservatory and utility room. Top it all off with gas central heating and double glazing and you have a very nice rental property in a highly sought after area.