Staying in the same area as my last buy to let deal because the bargains keep on a comin’. A 3 bedroom semi detached house in the WS3 area of Walsall, currently marketed by Webbs Estate Agents (0121 312727). It appears to be a very decent spec with a distinct ready to let fee…Whoa! What’s going on in the kitchen? That, is it a colour? Well, whatever it is, has to go. But to be honest doing a bit of decorating in the kitchen is no great shakes, we’re in it for the long run.
Priced at £110000 for a three bed semi, this is a good deal. I could show you comparisons with other three bed terraced houses going for more than this one is marketed at.
The full property details are here.
The pcm for this property would be in the region of £550.00 giving a rental yield of 6.00%
Oddly, for some reason, as a 5 year old back in 1981, I remember some things quiet vividly and others not so much thankfully! I can remember there was a lot of snow and black ice everywhere which had me and my father playing games such as taking a running slide to see who can ski the furthest! In other parts of the living world I was happily oblivious to the fact that; Mrs. T was in power, we had a Royal Wedding, England won the Ashes, Walsall FC were managed by Alan Buckley and Bucks Fizz won Eurovision!!
So what has happened to property prices since then I thought? How have things transformed? The number of homeowners and property investors who wished they had in hindsight, purchased up every house in Walsall all those years ago, particularly when you consider what has happened to Walsall property prices since…
…Walsall Property Values since 1981 have risen by 646%!
A 3 bedroom mid terraced house on Irvine Road, Walsall, WS3, being marketed by Purple Bricks (01926 267 659). A nice spec for rental with little or no changes to make, which is improved by a modern kitchen and bathroom. Priced at offers over £115000.
A three bedroom terraced house in the Pleck area of Walsall, WS2. It has literally just been added (two days ago). plenty of photos show a property that has an acceptable spec. Certain aspects of the decor and fixtures and fittings you may want to change over time, but this one could be let as is. It does have central heating and double glazing.
The selling price is good for the type and area being £90000 and it is located in an area popular for rented accommodation. How do I know this? I already manage a property in this very street.
Do you remember the good old days of the 1970’s and 1980’s? The new generation may be surprised to learn certain facts such as the days when we had 24% inflation, 17% interest rates, a 3 day working week, 13% unemployment and power cuts! But hey…at least people could afford to buy their own home! So why aren’t the 20 and 30 year old’s buying in the same volume as they were 30 or 40 years ago?
A number of people blame the credit crunch and global recession of 2008, which had an enormous impact on the Walsall (and UK) housing market. For the most part, the 20-something first-time buyers who, faced with a tricky mortgage market, the perceived need for big deposits, reduced job security and diminishing disposable income, discovered it simply too challenging to get on to the Walsall property ladder.
A 3 bedroom terraced house in the Beechdale area of Walsall. Marketed with Webs estate agents (01922 312727). This is an impressive spec and absolutely ready to let.
A 3 bedroom semi detached house in the north Walsall area, currently marketed by Acorns & Co (01922 312060). The property could be rented as is, but I would recommend making changes in certain areas eg parts of the decor and carpets.
A two bedroom semi detached house on the popular Beechdale estate in Walsall. The property is s very nice spec and good to go, that’s right, drive it straight off the forecourt.
There are two double bedrooms, one with en-suite as well as a family bathroom. A modern kitchen with integrated white goods, a fair sized rear garden and off-road parking. 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.
A 2 bedroom semi detached house on Bentley Drive, Walsall, WS2. The property is being marketed by Webbs estate agents (01922 312727). An excellent spec, which doesn’t necessarily need any upgrading, unless you really want to, however, the rear garden is quite large and could do with some TLC.
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