walsall property market

Walsall rental market sees returns of 11.9% in 2015!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , ,
Walsall rental market sees returns of 11.9% in 2015!
Walsall rental market sees returns of 11.9% in 2015!

One of my out of Town property landlords called me as he was coming to visit his family and friends towards the end of the month during the Easter break.  He was born and brought up in Walsall and went to the Alumwell Business and Enterprise College which, as he recalls, used to be called the Alumwell Secondary School (way before my time of course!!).

To enhance his retirement, he has a small portfolio of four properties in the Walsall and surrounding area and wanted my advice on where to purchase his next buy to let property.  As a University lecturer he lives in a college-owned flat and would never dream of buying where he lives in Kensington where the average value of a flat is £1.62m and a house averages out at £4.1m.

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2 Bedroom Mid Terrace House, Sandwell Street, Walsall, WS1. With Yields Of 6.33%.

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

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A pretty standard terraced type house on this popular street for rented accommodation. The property has an acceptable spec, however the bathroom looks like it could do with a good clean. But that should be pretty standard practice anyway and for a terraced house the garden isn’t too shabby either. Set in the heart of Caldmore and adjoining the Highgate border, the location is perfect for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools being just half a mile away). Healthcare amenities such as doctors, dentists and chemists are aplenty and within easy each. Transport services are very good with bus routes and major road networks nearby with Walsall town centre just a mile away.

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2 Bedroom End Terrace House, Phillip Road, Walsall, WS2 With Yields Of 6.30%.

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

 

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This deceptively large two bedroom end terrace house is in absolutely immaculate condition and can be let as it currently stands. The property type and high standard of spec makes it ideal for working professionals, individual or couple.This is further strengthened by its location about half a mile from M6 junction 9, ideal for commuting. For the frustrated footballer in all of us, Bescot stadium is but a short 5 -10 minute stroll away. The return journey could be a little longer if the Saddlers lose that Saturday. For your weekly shopping supplies look no further than the large Morrisons superstore just around the corner. It has a petrol forecourt as well…Handy!

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Walsall landlords heading for financial disaster?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , ,
Walsall landlords heading for financial disaster?
Walsall landlords heading for financial disaster?

One of my Walsall Wood landlords rang me last week after he had been speaking to a friend of his over a Costa (as you do!!).  They were discussing the Walsall property market and neither of them could make their mind up if it was time to either sell or buy property.  If you read the newspapers and the landlord forums on the internet, there is a good helping of ‘doom and gloom’, especially with changes in the taxation towards landlords, new legislation on checking tenants and the general uncertainty in the world economic situation (see last week’s article at https://walsallpropertyblog.com/2016/03/01/walsall-landlords-could-be-fined-1188000/) .

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3 Bedroom Semi Detached, Commonside, Brownhills, WS8. With Yields Of 5.78%.

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

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A three bedroom semi detached house, Commonside, Brownhills, WS8. The asking price is in the region of £110000 with Goodchilds of Brownhills (01543 526 869).

Check it out here:

http://www.zoopla.co.uk/for-sale/details/39524142

Let’s get into the nuts and bolts of this one straight away. This one is already being let at a pcm of £530.00 and if the property sells at the current asking price the yield is in the region of 5.78%. However, a property like this should be achieving a lot more around the £595.00 pcm mark, at least, for me. You may well have to loosen those purse strings and invest a little, but that could be the difference in increasing your yield to 6.49%.

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“The Heat Is On” 2 Bed Terraced House, Hereford Street, Walsall, WS2 With Yields Of 8.77%

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

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A Two bedroom terraced house, Hereford street, Walsall, WS2. The asking price is around £65,000 with Bairstow Eves of Walsall (01911 312 791).

Check it out here: http://www.zoopla.co.uk/for-sale/details/38693844

A traditional terraced house that is for up for a cash only sale. Interestingly, the price has been reduced within the last two weeks. However, despite this decrease the property’s sale history suggests that there is some capital growth of around 14% as well as a fairly healthy yield.

Let’s have a look…

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Walsall landlords could be fined £1,188,000!!

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,
Walsall landlords could be fined £1,188,000!!
Walsall landlords could be fined £1,188,000!!

 

 

 

 

 

 

 

OMG (Oh My Gosh/ God for the old school peeps), said one of our tenants signing up last Saturday!!  This is when they saw the load of paperwork they had to sign.  Gone are the days when you could just ask for a word of mouth referral, collect a copy of a Tenancy Agreement from the local WH Smith and Bob’s your tenant (or is it??).

Amongst the hoard of documents I had were the Right to Rent Guide, copy of the Energy Performance Certificate, a current Gas Cert, an Electric Report, a Schedule of Conditions and Inventory, Prescribed Information and Terms & Conditions of the deposit scheme where the deposit was registered/ kept plus a few other bits…so the sharp intake of breath was understandable.

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“Pristine” 1 Bed Apartment, High Ridge Close, Aldridge, WS9 With Yields Of 8.49%

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

 

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A one bedroom apartment, High Ridge Close, Aldridge, WS9. The asking price is around £70000 with Cross & Co of Darlaston (0121 659 7913).

Check it out here: http://www.zoopla.co.uk/for-sale/details/39608115

This is just another quickie today. The reason being is that the property listing is shockingly lacking in information and details. However, based on the photos alone, it would be very remiss of me not to let you now about this real gem of a find. I’ve just got one word to describe this superb opportunity…Pristine! It really is top notch “good to go-ness”.

Let’s get in there, well…With what we know…

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“Nice Spec” 3 Bed Mid-Terrace House, West Bromwich Road, Walsall, WS1 With Yields Of 6.26%

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

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A three bedroom mid-terrace house, West Bromwich Road, Walsall, WS1. The asking price is around £94950 with I Love Homes of Walsall (01922 321 007).

Check it out here: http://www.rightmove.co.uk/property-for-sale/property-40162419.html

Another typically looking terraced house from the outside, but hiding a very well presented property on the inside.

Let’s have a look…

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Would you rent your Walsall property to a Housing Benefit applicant?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , ,
Would you rent your Walsall property to a housing benefit applicant?
Would you rent your Walsall property to a housing benefit applicant?

“What does the ideal Walsall tenant look like?”, asked one of my landlords from Brownhills the other day, to which he carried on before I could reply, “Let me guess, a professional couple, both in their 30’s, flawlessly tidy, pays their rent early, doesn’t complain or fuss, with no plans to move any time soon and cheerfully accepts annual rent rises”.

Before I can answer that question properly, I have always believed all a landlord wants, and expects, of their tenants is to pay their rent on time and look after the property as if it were their own.  In return, the landlord should provide a property that is warm, clean, and damp free and resolve any maintenance issues quickly and without fuss.

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