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 Terraced House, Yew Tree, Walsall, WS5 Yields 5.49%

A 3 bed terraced house on Birchfield Way, Yew Tree, Walsall, WS5. On the market with Bairstoweves (01922 312791) and priced at £130k. Full details can be found here.

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2 Bed Semi Penmire Grove WS4 Yields 5.28% Gets My Buy To Let Deal Of The Day

A 2 bedroom semi deatched house on Penmire Grove a new build housing estate about half a mile south of Rushall, Walsall, WS4. The property is being marketed by Bairstow eves (01922 321791).

The spec looks right on the money with no major issues that need immediate attention. Marketed at offers of over £142k. It is interesting to note that the price has been reduced by £8k since February when it was first listed. The last sale was for £132k in 2013.

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Today’s Buy To Let Deal In Delves, Walsall, WS5 Yields 6.00%.

This 2 bed semi is situated on Segundo Road, Delves, Walsall, WS5.  On the market with Paul Dubberley (0121 659 6109) and priced at £130k.  Full details can be found here.

Properties in this area are turning up for sale at reasonable prices and coupled with its popularity and long term rental propensity, it just makes sense.

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The Buy To Let Let Deal Of The Day Is A Unique 3 Bed Semi Going Once, Going Twice…

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.

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Today’s BTL Deal Is A Bargain Yielding 6.91%, 2 Bed Terraced House, Dalkeith Street, Walsall, WS2.

Earlier this week I was in the enviable position of letting a property on this very street for one of my clients. This is also a two bedroom terraced house on Dalkeith Street, Birchills, Walsall, WS2. So, naturally this property grabbed my eye.

It ticks all the boxes for an investment property. Neutrally decorated throughout, which looks new by the way. Gas central heating, modern fitted kitchen and shower etc . The listing lacks photos of the rear garden, so that would need to be checked out via a viewing. You don’t have to do this, but I would advise providing some flooring throughout with some nice hard wearing carpet, just to give the property a nice clean and fresh appeal.

Schools and healthcare facilities are in abundance with transport services, bus routes and major road networks nearby. Walsall town centre is only a short walk away, however there are some local amenities.

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Are Walsall landlords denying our Walsall youngsters?

Are Walsall landlords denying our Walsall youngsters?
Are Walsall landlords denying our Walsall youngsters?

I received a very interesting letter the other day from a Walsall resident. He affirmed he was a Walsall homeowner, retired and mortgage free. In the letter he stated how unaffordable Walsall’s rising property prices were and that he worried how the younger generation of Walsall could ever afford to buy? He went on to ask if it was right for landlords to exploit the inability of others to buy property and if, by purchasing a buy to let property, Walsall landlords are denying the younger generation the ability to, in fact, buy their own home?

Whilst doing my research for my many blog posts on the Walsall Property Market, I know that a third of 25 to 30 year olds still live at home. It’s not surprising then that people are kicking out against buy to let landlords; as they are the gluttonous bad people who are cashing in on a social woe. In fact, most people believe the high increases in Walsall’s (and the rest of the UK’s) house prices are the very reason owning a home is outside the grasp of these younger would-be property owners.

However, the numbers tell a different story…

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