Buy To Let Deal Of The Day, Gower Street, Walsall, WS2. Yields 4.95%.

A two bedroom semi detached house in the Pleck area of Walsall, WS2. It has been listed with Zoopla just two days ago. There are plenty of photos, which show decent property spec including a modern kitchen and bathroom. The decor is neutral, both bedrooms are large and there is double glazing and central heating. This one could be let as is, but I would recommend doing something with the grass in the rear garden, it does look a bit worse for wear. Parking looks like it is on-road.

The selling price is £120k and it is located in an area popular for rented accommodation.

There are a selection of local schools, healthcare amenities such as doctors, dentists and chemists within easy each. Transport services are very good with bus routes and major road networks nearby and Walsall town centre only a couple of miles away.

I appraise the rental to be £495.00 pcm giving a yield of 4.95%. Currently on offer with Connells (01922 716026) 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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17.7% of Walsall owner-occupying OAP’s are in poor health!

17.7% of Walsall owner-occupying OAP’s are in poor health!
17.7% of Walsall owner-occupying OAP’s are in poor health!

“Why should Walsall’s pensioners be forced to downsize? A question I received via social media a couple of weeks ago.  The mature member of a Walsall society came across my article I wrote at the start of the year (see article HERE), about Walsall pensioners feeling trapped in their homes.

There are around 24,000 home owning OAP’s in Walsall.

After working hard for a life time and buying a home for themselves and their family, the children have flown the nest and now they are left to rattle around in a big house. Many feel trapped in their large homes, hence I dubbed these Walsall home owning mature members of our society, ‘Generation Trapped’.

So, should we force OAP Walsall homeowners to downsize?

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Are Walsall Pensioners ‘Trapped’ in their Homes?!

Are Walsall Pensioners ‘Trapped’ in their Homes?!
Are Walsall Pensioners ‘Trapped’ in their Homes?!

During a site visit last week I was approached by a mature, friendly gentleman who lives next door to one of the properties I manage in Pelsall. He lives in a Bungalow, which is one of my favourite property types that he owns outright (mortgage free). We got talking about the Walsall property market and then he mentioned something which piqued my curiosity. How many other Walsall pensioners are in a similar situation?!

Walsall people aged over 65 currently hold more housing wealth in their homes than the annual GDP of the whole of Northumberland (strictly speaking a county can’t have a GDP, but as everyone knows the phrase, it works for comparison purposes!)

This is a problem for everyone in Walsall!

Many retiree’s want to move but cannot, as there is a shortage of such homes for mature people to downsize into. Due to the shortage, bungalows command a 10% to 20% premium per square foot over houses of the same size with stairs. To add to the woes, in 2014, just 1% of new builds in the UK were bungalows, according to the National House Building Council – down from 7% in 1996.

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