The ‘CRASH’ of the Walsall Property Market 2021?

The ‘CRASH’ of the Walsall Property Market 2021?
The ‘Crash’ of the Walsall Property Market 2021?


Keeping a Blog updated is a full-time job and when you have other full-time commitments, something has to give!  So, like a lot of my readers and followers of the Blog, I must prioritise my workload.  Serving my clients is paramount and comes first therefore, you may have noticed I have not been on the blog much recently.  When I do get a chance, I try and give you a bit of a read instead of my usual word count.  In recent weeks I have had several conversations with Walsall Landlords and Walsall Property owners all asking me the same question time and again if, the Walsall property market will crash in 2021…??

..in the last few months, the Walsall (and UK) property market has resisted and defied every economist’s prediction.  With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half a trillion pounds to pay for Coronavirus support packages etc., all of this has had no effect on Walsall homeowner’s enthusiasm or capability to want to move home.  It highlights the influence of both the emotional impact of lockdown and the enticing appeal of saving thousands of pounds on your Stamp Duty Tax bill.

For the last few months, the Walsall property market has been akin to a surfer, riding an unexpectedly large wave.  The question is, will the surfer crash down (i.e. the property market) into the rocks or will it calmly arrive at the beach unscathed?  Well looking at house prices firstly…

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Walsall’s ‘Trapped Landlords’

Walsall’s ‘Trapped Landlord’

Since going into lockdown in March, the Government proclaimed a ban on tenant evictions, pledging that no tenant in a private rented home, who had lost their wages due to Covid-19 would be kicked out of their private rented home until the late summer. Fast forward to August and the press were being briefed as late as Wednesday 19th August that this freeze in evictions in England and Wales would cease on the 23rd August. That was until just after 4pm Friday 21st August when Mr Jenrick, the Housing Minister, announced that the eviction ban would be extended for a further four weeks and buy to let landlords must also now give their tenants six months notice to gain possession.

Cue crocodile tears for all the 4,291 Walsall landlords 

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Covid-19 (Coronavirus): Walsall Landlord & Tenant Information

Covid-19 Coronavirus – Walsall Landlord and Tenant Information

 

There is no doubt we are living in challenging times.  Until recently I thought, the main talking points this April would be around changes to EPCs and EICRs – but things are a little different now.

Walsall Landlords and tenants have a lot of questions about what all of this means for them and what support will be available during the coronavirus pandemic if they need it.

Over the past couple of weeks information/ announcements have been coming through thick and fast.  To help you as best as possible I’ve put together some of the primary information issued by the government for the private rental sector. We’re all aware that things are changing almost daily, and we’re keeping a close eye on the news as the government continues to issue further guidance and support.  The information I have to date is as of 31/03/2020.

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My BTL Deal of the Week 2 Bed Semi Walsall WS4 With A Minimum Yield of 4.93%.

More good news for Walsall landlords is this 2 bedroom semi detached house on Station Road, Walsall, WS4 with a sitting tenant. The property is being marketed by Goodchilds (01922 312016). The full property details can be viewed here.

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The Best Type of Walsall Property For Buy To Let is…

The Best Type of Walsall Property For Buy To Let is…
The Best Type of Walsall Property For Buy To Let is…

In today’s Walsall property market, the Walsall homeowners and Walsall landlords I talk to are always asking me which attributes and features are likely to make their property comparatively more attractive and which ones may detract from the price. Over time buyers’ and tenants’ wants and needs have changed.

The conformist way of categorising property in Britain is to look at the number of bedrooms rather than its size in square metres (square feet for those of you over 50!). My intuition tells me that homeowners and tenants are happy to pay for more space. It’s a little obvious, the more bedrooms a house or apartment has, the bigger the property is likely to be. Also, it’s not only the physical additional bedrooms, but those properties with additional bedrooms tend to have larger (and more) reception (living) rooms. However, if you think about it, this isn’t so surprising given that properties with more bedrooms would typically accommodate more people and therefore require larger reception rooms.

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My BTL Deal of the Week is a 2 Bedroom Terraced House Walsingham Street Walsall WS1 Yielding 6.25%.

A traditional two bedroom terraced house in the Chuckery area of Walsall and a popular area for rentals.

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My BTL Deal of the Week 3 Bed Mid Terrace Anson Road Walsall WS2 with Yields of 5.73%

Roll up, roll up guys and gals and feast your eyes on this little beauty! My advice? Get in there now and arrange a viewing! Marketed by Connells (01922 716026) at £110k and stated as a ‘Fantastic buy to let investment opportunity’. The spec is bang on the money and ready to go. The full property details can be found here.

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My BTL Deal of the Day 2 Bed Semi Ludlow Lane Walsall WS2 with Yields of 5.49%.

A two bedroom semi detached house on a popular Reedswood estate in Walsall, WS2. The property is an absolutely wonderful spec and is very much good-to-go.

There are two double bedrooms, modern kitchen and bathroom, a low maintenance rear garden and off-road parking. The property also benefits from double glazing and gas central heating. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall town centre plus Reedswood Retail Park is just around the corner.

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My BTL Deal of the Day is a 3 Bed Semi Edinburgh Avenue Walsall WS2 Yields 6.54%

Just added to the sales market today. This very nicely specced property is situated on Edinburgh avenue, Walsall, WS2. Currently marketed with Paul Dubberley (0121 659 6109) for an asking price of over £110k and based on a minimum pcm rental of £600.00 will yield 6.54%.

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My BTL Deal of the Day 2 Bed Semi Walsall WS2 with Yields of 5.54%.

Carrying on from my last BTL deal of the day and keeping it to the same estate. This is a two bedroom semi detached house in the Beechdale/ Reedswood area of Walsall, WS2. An excellent spec and very well kept propertyy. Again, this is not a typical neutral décor, but is in keeping with the rest of the property. I would recommend booking a viewing sooner rather than later.

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