MY BTL Deal Of The Day 3 Bed Semi Poukhill Close, Walsall, WS2, Yields 5.12%.

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.

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My BTL Deal Of The Day 2 Bed Semi Walsall WS2 Yields 5.31%

A good looking 2 bed semi on Darlaston Road, Walsall, WS2. It has a decent sized rear garden with an overlooking sun room. It’s a pretty good spec and  by the looks of the photos, doesn’t need anything doing to it, but as I always say, “that is what viewings are for”. There are two double bedrooms, a Modern style bathroom, but unfortunately there is no picture of the kitchen. There is a Veranda, which looks like it is being used as a utility room. Parking is off-road. Located on the main Darlaston Road it is not far from Walsall, Darlaston and Wednesbury town centres.

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The ‘Hodgepodge’ of Walsall Property Mini Markets

The ‘Hodgepodge_ of Walsall Property Mini Markets
The ‘Hodgepodge_ of Walsall Property Mini Markets

A Royal Wedding, Russia, Facebook, Brexit, Trump, House prices up, House prices down … the Press is full of column inches on Brit’s favourite subjects of politics, scandal, weather and not forgetting (and I appreciate the irony of this!) the property market. As an agent belonging to a national group of letting and estate agents, talking to my fellow property professionals from around the UK, the one thing that is immediately apparent is the UK does not have one property market. It is a hodgepodge patchwork (almost like a fly’s eye) of lots of small property markets all performing in different ways.

… And that made me think … is there just one Walsall Property Market or many?

I like to keep an eye on the property market in Walsall on a daily basis because it enables me to give the best advice and opinion on what (or not) to buy in Walsall, be that a buy-to-let property for a Walsall landlord or an owner occupier house for a home owner.  So, I thought, how could I scientifically split the Walsall housing market into segments, so I could see which part of the market was performing the best and/ or the worst.

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Today’s Buy To Let Deal Is A 3 Bed End Terraced House In Walsall WS3 Yielding 5.20%.

Technically an end terraced house, but looks like a semi, with three bedrooms and is beautifully presented. It is situated on Roebuck Road, Walsall, WS3. It is for sale at a current asking price of £149,950k. Reserve your viewing now by contacting Webbs Estate Agents Ltd on 01922 345939.

There are plethora of images, showingb off absolutely every angle of the property. It has everything you could want in a property including double glazing, gas central heating, modern fitted kitchen and shower room. Three double bedrooms, a conservatory, a lounge, dining room, conservatory, guest wc and a games room with a pool table, yes that’s right, a full sized pool table! Parking is off-road at the front of the house. Top it all off with a medium sized rear garden with patio area and plenty of room for outer buildings.

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.

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Property in Walsall purchased for £1k!!

Property in Walsall purchased for £1k!!
Property in Walsall purchased for £1k!!

At a recent family gathering my sister and I were talking about various sibling stuff when the conversation shifted to how she ended up at the property she resides at now.  It became very interesting when she brought out a folder with a plethora of information and history left by the previous owners.

Walsall property owners may be interested in knowing the property built in 1947 was purchased for £1,000 with a mortgage of £700!!

The monthly mortgage payments were £4, 4S which I have no idea how much that translates to in today’s money…however…the thought of buying property for £1k and paying a £4-5 mortgage nowadays is one of dreams.

1947 Walsall Co-op Society Mortgage Agreement
1947 Walsall Co-op Society Mortgage Agreement
Mortgage payments schedule for Walsall property 1947
Mortgage payments schedule for Walsall property 1947

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Get out of the Walsall Property Rental Market!

Get out of the Walsall Property Rental Market!
Get out of the Walsall Property Rental Market!

I was recently reading a report by the Home website which suggested that landlords are selling en-masse their buy-to-let investments due to increasing burdens on them in the buy-to-let market.  Their findings suggest the number of new properties that came onto the market nationally (for sale) jumped by 11% across the UK as a result.

Those increasing burdens include new tax rules coming in over the next 3 to 4 years and the announcement that all self-managing landlords (i.e. landlords that don’t use a letting agent to look after their buy-to-let property) will soon need to register with a compulsory redress scheme to resolve tenant arguments and disputes; as Westminster wants to heighten standards in the Private Rented Sector.

Interestingly, a few weeks ago I was chatting with a self-managed landlord from Bloxwich, when I was out who didn’t realise the other recent legislations that have hit the Private Rented sector, including the ‘Right to Rent’ regulations which came in to operation last year.  Landlords have to certify their tenants have the legal right to live in the UK.  This includes checking and taking copies of their tenant’s passport or visa before the tenancy is signed.  Of course, if you use a letting agent to manage your property, they will usually sort this for you (as they will with the redress scheme when that is implemented).

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Walsall Millennials set to inherit the Earth!!

Walsall Millennials set to inherit the Earth
Walsall Millennials set to inherit the Earth

That got your attention… didn’t it!

Last weekend I went to our favourite restaurant in Leamore (North Walsall) with the family.  The owner is a client of mine and so, in between the Biryani and Nan Bread naturally, we started talking about our favourite subject… the Walsall property market.  He informed me that he was a Millennial which is a term I’m familiar with but then he also told me that I was a Generation X!  I had to look this up when I got home as I thought he was teasing me at first.

What is Generation X, let alone Generation Z, Millennials, Baby Boomers…?  These are phrases banded around about the different life stages of our society.  When terminologies like this are used as often and habitually as these phrases (i.e. Gen X this, Millennial that etc.), it appears particularly vital we have some practical idea of what these terms actually mean.  The fact is that everyone uses these phrases, but often, like myself, they are not exactly sure where the lines are drawn… until now…

So, for clarity …

Generation Z:             Born after 1996

Millennials:                 Born 1977 to 1995

Generation X:             Born 1965 to 1976

Baby Boomers:           Born 1946 to 1964

Silent Generation:      Born 1945 and before

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