walsall property market

What type of property is best to invest in, in Walsall? Detached or Terraced?

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

One of my professional landlords called me towards the end of last week informing me how he thinks he should be purchasing more detached properties in Walsall.  He told me how he thinks they will bring about better returns when he sells them although he hasn’t sold anything yet.  I thought this didn’t ring quiet true in my mind so, me being me, I began to look at the stats to see what the actual numbers was telling us.

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Rightmove announced that average ‘asking prices’ fell slightly last month by 0.6% in the West Midlands, leaving them 2.9% higher than a year ago.

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The Time Bomb of The Walsall Property Market

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

I had an interesting telephone conversation with a local property developer and landlord.  Amongst other matters we began to talk about the future of the Walsall property market.  He wanted to know my thoughts on the future of the Private Rental Sector (PRS) nationally and especially locally.  As usual I had an opinion and it sounded like he wanted to hear it.  Below are my thoughts on how I think the next 10 years will play out and why I think the PRS is set to grow even further in Walsall.

TIME

Thatcher’s government introduced the right to buy of council homes but that’s not where the British obsession for owning your own home began.  Prior to WW2 the aspiration of the people wasn’t to buy but to rent.  Looking at the country as a whole, in 1951, 30% of residential properties were owner occupied, then every ten years that rose incrementally to 39% by 1961, 51% by 1971, 58% by 1981, 68% by 2001 but after that, it dropped to 63.4% by 2011 and continues to drop today.

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3 Bed End Terrace in Leamore, Walsall – Yield of 5.9%!!

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

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Cope Street, Leamore, Walsall, WS3, is on the market with Bairstow Eves Countrywide, Walsall (01922 218043) priced at £100,000.  For full property particulars please click on the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38181058

The yield achievable on this property is what attracted me to this property which just came on the market a few days ago.  What makes this a good investment opportunity is not only that my favourite curry house is a short walk away but as a buy to let (BTL) investor with a small budget this makes an ideal purchase.

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Walsall Property Prices….the long climb back!!

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

Here’s a post that you may have to read a couple of times to get the gist!

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Some landlords have been speaking to me recently about stories in the press and their concerns about booming house prices and the next housing bubble.  Whether you are an established landlord or one considering entering the market for the first time, it is of utmost importance that you do your homework.  Buying a property in Walsall and the surrounding area is an investment, and as such, one needs to do one’s homework.

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