walsall property market

Do Walsall Landlords ‘Regret’ voting for a Tory government…?!

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

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Do you still remember that inevitable night of Thursday, 7th May 2015 at 10.05pm….??  With the shocking news that the BBC Exit Polls suggested the Conservatives would be returning into government with a majority.  Well let’s face it…it wasn’t that shocking as a two-horsed race can only be won by one.  The middle classes in Parkhall and Aldridge exhaled a huge sigh of relief, as Walsall landlords, faced with rent controls from Red Ed Milliband and the Labour Party, now had something to cheer about as the Tories were always considered to be a political party that accepted the importance of the rental market, supported its development whist properly targeting the lawbreaker/ slum landlords renting out sub standard rental accommodation.

Since May though, George Osborne announced future rises in stamp duty for buy to let landlords and a change in the interest relief on buy to let mortgages,some people have started to question that loyalty.

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“Turn That Frown Upside Down” 1 Bedroom Apartment, Elmsdale Court, Walsall, WS1. With Yields Of 7.84%.

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

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A one bedroom second floor apartment, Elmsdale Court, Birmingham Road, Walsall, WS1. The asking price is in the region of £64995 with Homepoint of Walsall (01922 312 002).

Check it out here:

http://www.zoopla.co.uk/for-sale/details/35775944

Well, well, what do we have here? Another of what I like to call a “Good To Go” property. Already a rental property in its own right and appraised at £425.00 pcm and if sold at the asking price gives “a nice little earner” of a 7.84% yield.

Let’s have a look inside…

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Values of Walsall’s Semi-Detached Houses smash through the £185/sqft barrier

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

Rising property prices

In Walsall, I am speaking to more and more landlords, be they seasoned professional landlords or FTL’s (first time landlords), as they read reports that the Walsall rental market is doing reasonably well, with rents and property values rising.  Interestingly, one landlord recently asked how much he should be paying per square foot (more of that in a second).

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“Lock, Stock and Two Smoking Tenants”. 2 Bedroom End Terrace House, Station Street, Wednesbury, WS10. With Yields Of 7.20%.

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

 

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A two bedroom end terrace house, Station Street, Wednesbury, WS10. The asking price is in the region of £75000 with housesimple.com (01787 275 038).

Check it out here:

http://www.zoopla.co.uk/for-sale/details/39134182

Just a brief hello today as I’m just about to go and meet with a landlord. However, here is my latest buy to let investment deal.

I haven’t seen one of these in a while, but extremely intriguing none the less. Here’s what’s on offer…

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“A Nice Little Package”. 3 Bedroom End Terrace House, Bridgwater Close, Walsall Wood, Walsall, WS9 With Yields Of 7.33%.

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

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A three bedroom end terrace house, Bridgwater Close, Walsall Wood, Walsall, WS9. The asking price is in the region of £90000 with Bairstow Eves Countrywide of Walsall (01922 218 043).

Check it out here:

http://www.zoopla.co.uk/for-sale/details/27343055

This property is another excellent example of a property, which is very much ready to go letting-wise. Finished to a high standard with all the right boxes ticked. There are a couple of downsides though.

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Freehold or Leasehold? What type of property to buy in Walsall?

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

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The life of a property manager is never dull!!  I love what I do and every day is different as you never know what you can wake up to (although I do try to plan my day).  What makes it extra special are the interactions I have with potential clients on a daily basis with new people looking to enter the buy to let market.

One such case was of a lovely gentleman I had an initial email enquiry from.  His children had grown up and flown the nest.  Some extra cash was to hand; he saw my blog and became interested in entering the market.  We later met up for a coffee.  He was considering making his first purchase and amongst the usual questions, one question stood out for me:

Do I buy a freehold house or a leasehold flat in Walsall?

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SOLD!! 3 Bed Semi in Delves, Walsall, WS5 – Yields of 6.0%

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

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Just thought for a change I would inform you about a property I wrote about on the blog a few weeks ago.  The property has now been sold (STC).  At this stage I’m not sure if it has been purchased as a principal home or for buy to let.  I will monitor this and confirm on a later post once the figures are in.  The full details of my post can be found below by following the link:

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The Key To A “Lettable Standard”. One Bedroom Maisonette, Cedar Road, Burntwood, Walsall, WS7 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 maisonette, Cedar Road, Burntwood, Walsall, WS7. The asking price is in the region of £79950 with Chariot Estates of Burntwood (01543 526 005).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/38010900

It’s a question I get asked a lot by landlords and that question is, “What improvements do I need to make to my property in order to let it”…Or words to that effect.

There are many facets to consider of course, but the best way for me to answer that very question is to show you. The property highlighted in this article is an excellent example of what a lettable standard is.

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The ‘Liquorice Allsorts’ – Walsall Property Market!

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

ALLSORTS

I had an interesting meeting with one of my local Walsall landlords this weekend.  He wanted some advice around his current existing portfolio which he was looking to expand in a new direction by adding properties that would give him a higher rental yield today.  I’ve always advocated having a portfolio of a mixed bag of properties.  Looking at his current portfolio I noticed that they consisted of properties with generally a low or average yields so as usual this made me think about the Walsall Property Market.  In general a mixed bag of ‘liquorice allsorts’ (in property terms) can ease current cash flow and build you a nice nest egg for the future.

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“If The Slipper Fits…” Two Bedroom First Floor Apartment, Brook Lane, Great Wyrley, Walsall, WS6 With Yields Of 6.35%.

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

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A two bedroom first floor apartment, Brook Lane, Great Wyrley, Walsall, WS6. The asking price is in the region of £85000 with Butters Jon Bee of Cannock (01543 526 779).  Check it out here:

http://www.zoopla.co.uk/for-sale/details/37939427

I have to be honest with you, I almost overlooked this one, a “plain Jane” of a property I thought with nothing that stands out. However, I am very much a firm believer in looking beyond the immediate and “seeing” the potential a property can offer. This is very much a case in point. With a lot of TLC this can definitely be turned from a “Cinderella” into the “belle of the ball”.

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