walsall property market

2 Bedroom Terraced House, Moncrieffe Street, Walsall, WS1. With Yields Of 5.70%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

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A traditional two bedroom terraced house in the Chuckery area, Walsall, a popular area of Walsall for rented accommodation. Lots of photos here showing a not too shabby property, so it would be prudent to arrange a viewing asap. The location is ideal for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools being les than a mile away). Healthcare amenities such as doctors, dentists and chemists are within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre just a mile away. There is double glazing, gas central heating and parking is on-road.

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Have Walsall Rents Truly Risen?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Have Walsall Rents Truly Risen?
Have Walsall Rents Truly Risen?

Back in the Spring, there was a surge in Walsall landlords buying buy-to-let property in as they tried to beat George Osborne’s stamp duty changes which kicked in on the 1st April 2016. If you are a football fan, think of it like transfer deadline day!

To give you an idea of the sort of numbers we are talking about, below are the property statistics for sales either side of the deadline in the WS1 postcode taken from the Land Registry;

Jan 2016 – 20 properties sold

Feb 2016 – 19 properties sold

March 2016 – 36 properties sold

April 2016 – 9 properties sold

May 2016 – 17 properties sold

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A bit of TLC for a yield of 6.00% on this 2 Bed Terraced House, Whitmore Street, Walsall, WS1.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

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A two bedroom terraced house in the Palfrey area Walsall, WS1. The photos clearly show that the property is in need of a little bit of TLC. What we have here is a blank canvas and for just a relatively small investment, this property can be turned into a top notch lettable spec.

A bog standard two bed terraced house with two double bedrooms. However, the listing lacks a photo of the kitchen, so an urgent viewing would be advantageous. There is double glazing and gas central heating, apparently, though it is hard to see in the published photos.

The asking price is for offers in the region of £90000 and at a pcm rental of £450.00 will give you a nice yield of 6.00%.

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Walsall’s Spare Rooms..Perhaps the Answer to our Housing Crisis?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Walsall’s Spare Rooms..Perhaps the Answer to our Housing Crisis?
Walsall’s Spare Rooms..Perhaps the Answer to our Housing Crisis?

Of the 107,822 households in Walsall, 33,667 of those properties don’t only have one spare bedroom, but two spare bedrooms! Could this be the cure for Walsall’s housing crisis?

The fundamental problem is the fact that the supply of homes to live in has not historically met demand, increasing property values and rents, thus ensuring home ownership becomes an unattainable ambition for the youngsters of Walsall.

Let’s state the obvious..demand needs to drop or supply needs to rise to stop this trend getting worse for the generations to come.  Don’t get me wrong, I admire Downing Street’s plans to build 200,000 starter homes which will be offered to first time buyers under 40 with a minimum 20% discount price.  However, the building of starter homes on current building sites, where new homes builders already have to build a certain number of affordable ‘starter’ homes at the moment under a different scheme, does not increase the stock of new ‘starter’ homes, it simply replaces one affordable scheme with another.

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3 Bedroom Semi, Green Rock lane, Walsall, WS3. With Yields Of 6.60%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

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It’s ok spec wise, but just needs a little TLC to really get the decor up to a lettable standard. Another property billed as a buy-to-let investment by Connells (01922 716 026) priced at offers in the region of £100,000. The property benefits from double glazing and gas central heating.

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2 Bedroom Terraced House, Star Close, Walsall, WS2. With Yields Of 5.87%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

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A two bedroom terraced house in the Bentley area of Walsall, WS2. A pretty much decent spec here and one that could be let as is, but you will want to change the decor at least. The asking price is £92000, which is well below average for a property of this type and area. The location is ideal for local schools, all within a mile. Healthcare amenities such as doctors, dentists and chemists are also within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre about a mile away. There is double glazing and gas central heating as far as I can tell. I would urge a viewing asap.

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Walsall Landlords vs Walsall Savers

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , , ,

A couple of articles back, I did a piece on the effect of the 0.25% base rate on the Walsall property market. This time, I want to look at the situation that Walsall ‘savers’ find themselves in.

What, you might ask, has the plight of Walsall savers have to do with the Walsall property market… well, everything in fact!

Read the newspapers, and every financial wizard is stating that with the decision of the Bank of England’s Monetary Policy Committee in early August to cut the Bank of England base rate to an all time low of 0.25%, savers should prepare themselves for interest rates to stay low well into the early 2020’s.

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One Bedroom Apartment, Camborne Road, WS5. With Yields Of 6.75%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

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A one bedroom apartment, Camborne Road, Walsall, WS5. The asking price is in the region of £80000 with Connells (01922 716 026).

Property details here, brochure here and EPC here.

Park Hall is an excellent and very popular location in Walsall. Some consider it to be the “posh” end of the street and therefore prices in general can be higher.

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2 Bedroom House, Cannon Street, Walsall, WS2. With Yields Of 6.75%.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals , , , , , , , ,

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A two bedroom mid terraced house in Walsall, WS2. With the asking price at £80000 and well below average, here’s a nice little bargain.

The downside as you can see from the photos is that it will need some TLC especially in the decor department despite it having double glazing and gas central heating.

There are a wide variety of schools, health services and amenities locally and the transport services are very good with bus routes and major road networks nearby.

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Nearly Half of Walsall Tenants are ‘Middle Class’!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Nearly half of Walsall tenants are ‘Middle Class’!!
Nearly half of Walsall tenants are ‘Middle Class’!!

With Walsall youngsters not able to buy their own property, my research would suggest the progressively important role the private rented sector has been playing in housing people in need of a roof over their head. This, at a time of increasing affordability problems for first time buyers and growing difficulties faced by social housing providers – local authorities and housing associations – in their ability to secure funding from Westminster and then compete against the likes of the Taylor Wimpey, Barratt and Persimmon Homes of this world to buy highly priced building land.

Renting isn’t like it was in the 1960’s and 70’s, where tenants couldn’t wait to leave their rack-rent landlords, charging sky-high rents for properties with Second World War wood chip wallpaper, no central heating and drafty windows. Since 1997 with the introduction of buy-to-let mortgages and a new breed of Walsall landlord, the private rented sector in Walsall has offered increasingly high quality accommodation for younger Walsall households.

So, whilst I knew in my own mind that the type and ‘class’ of tenant has improved over the last 20 years, I had nothing to back that up… until now.

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