This 2 bed semi is situated on Segundo Road, Delves, Walsall, WS5. On the market with Paul Dubberley (0121 659 6109) and priced at £130k. Full details can be found here.
Properties in this area are turning up for sale at reasonable prices and coupled with its popularity and long term rental propensity, it just makes sense.
I recently discovered that one of our rental properties in Walsall has Japanese Knotweed growing in the garden. My immediate thought was “ouch this is going to be expensive and potentially very troublesome!”.
I knew from discussions with past colleagues and fellow industry professionals how much damage Japanese Knotweed can cause, especially if it gets under the structure of the property. If found on a survey, mortgage lenders won’t even consider lending so it could potentially leave your property with zero value!
What is Japanese Knotweed?
I found the following definition from the Royal Horticultural website:-
“Japanese knotweed (Fallopia Japonica) is a weed that spreads rapidly. In winter the plant dies back to ground level but by early summer the bamboo-like stems emerge from rhizomes deep underground to shoot to over 2.1m (7ft), suppressing all other plant growth. Eradication requires determination as it is very hard to remove by hand or eradicate with chemicals. New legislation now covers its control”
People say buying a house or moving home is stressful. I totally agree and whilst at my Agency we do our best to make things easy believe me, when I say it’s nothing compared to online shopping!!
My close friends and family know that I dislike self service tills and the impersonal detachment of internet shopping. I can be honest and admit that I absolutely hate it. Don’t get me wrong, I think it has its place especially when I enviously see my neighbour’s food shopping being brought by a kindly man driving a Morrison’s van bringing their weekly shop to the door. Seeing this made me think how great it would be and how much time I would save if I or my wife didn’t have to go food shopping.
The one and only time I tried food shopping online I received all sorts of stuff. Some I ordered and some I didn’t… other times I tried Birthday gifts which didn’t arrive on time, clothes which looked lovely on the internet model are not what I had hoped for – sack of spuds springs to mind!
A long awaited mother’s day gift for my sister was delivered by courier to my house and because no one was home they very kindly left it in a safe place… the recycling bin which was emptied on the same day! So, if you don’t mind, I’m sticking to high street shopping in the future.
Thank goodness we don’t buy houses online. Can you imagine it…?!
This one bed roomed apartment is situated at Bridge Lofts, Leicester Street, Walsall, WS1. On the market with Cottons chartered surveyors (0121 396 0665). Priced at £52k, which is a guide price as the property is up for auction on 27/03/2018. The full details can be found here.
A yield of 10.61% was what caught my eye, which is based on an already achieved rent of £460.00 pcm. It really is a steal for anybody wishing to invest as a part of their extensive portfolio or as a first investment. Situated in the heart of the town centre the property is ideal for the single professional.
A two bedroom terraced house on a popular newbuild estate approx 1 mile from Walsall town centre, WS2. The property has a very nice spec and is ready to go.
There are one double bedroom and one single bedroom. A fully fitted modern kitchen, 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.
Back in 2015 The Smoke Alarm Regulations came into being. Now, apparently approx 30% of UK residents have never tested their smoke alarms so, what does all of this mean for landlords and tenants?
Whether exempt or not, it would behove all landlords to ensure the safety of their tenants.
There are no requirements for a specific type of alarm or on the location of the alarm installation. It is recommended to follow manufacturer’s instructions and that they are installed on a ceiling in a circulation space i.e. hall or landing. Carbon Monoxide detectors should be placed at head height and approx one to three metres from the solid fuel/ gas appliance. If in doubt on the installation of alarms you can also contact you local fire service for advice.
The failure to comply with these regulations is a fine of up to £5000 if the 28 day remedial notice has not been adhered to.
This three bedroom semi detached house is beautifully presented. It is situated in Blakenall Lane, Leamore, Walsall, WS3. It is for sale via auction and there is a an open house viewing on Wednesday 7th March 2018 between 3.00 pm and 4.00 pm. Reserve your booking via Goodchilds 01922 312016. It is noted that cash buyers are preferred.
There are plenty of photos to show off the very attractive spec of this property with its many original features which include Minton tiled entrance and stained glass double glazing to mention just two. It has everything you could want in a property including double glazing, gas central heating, modern fitted kitchen and bathroom.
The location benefits from being within easy reach of all the major road networks, services and other amenities lending easy access to Walsall and Bloxwich town centres. Additionally there are two double bedrooms and a single. Topped off with off-road parking and a large courtyard style rear garden.
One of the best things I love about my job as an agent is helping Walsall landlords with their strategic portfolio management. Gone are the days of making money by buying any old Walsall property to rent out or sell on. These days, property investment is both an art and science. The art is your gut reaction to a property, but with the power of the internet and the way the Walsall property market has gone in the last 10-15 years, science must also play its part on a property’s future viability for investment.
As a property professional I use many metrics (as do others), when deciding the viability of a rental property i.e. the price, the average rent, the yield and one you may not be too familiar with is – an average value per square foot.
However, another metric I like to use is the average rent per square foot. The reason being is that it’s a great way to judge a property from the point of view of the tenant … what space they get for their money. Now of course, location plays a huge influencing factor when it comes to rents (and hence rent per square foot). Like people buying a property, tenants also have that balancing act between better/worse location, more vs. less money and size of accommodation (bigger and more rooms equalling more money) and where they live (location) verses making ends meet.
I am getting more and more enquiries from my blog reading friends on some technical aspects of property management. In the past I’ve avoided writing about these types of questions on the Blog by answering them directly. I find writing about the Walsall property market more interesting but people power has to prevail and I feel I must provide the readership what they seek.
There are various reasons why you may need to recover possession of your rental property. Below is an enquiry I received recently and my answer. Hope you find it informative and as always I welcome your feedback. Do let me know if you have any burning questions you would like me to answer in a similar vein and I’ll do my best to accommodate.
Question:
‘Dear Salek,
I rented my property out when I moved into my husband’s house about 6 years ago and we are now going through a divorce. I need my property back as I need to move in as soon as possible, so I know I will need to evict the current tenants. How do I correctly serve a notice?
Thank you,
Sue.
A good 18 months has passed since annual rental price inflation in Walsall peaked at 10.7% (June 2016). Since then we have seen increasingly more humble rent increases to 7.3% in November 2017. In fact, in certain parts of the Walsall rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend?
Well, possibly in the short term, but in the coming few years, it is my opinion Walsall rents will regain their upward trend and continue to increase as demand for Walsall rental property will outstrip supply, and this is why…
The way I see it is this…the counterbalance to that improved rental growth would be to meaningfully increase rental stock (i.e. the number of rental properties in Walsall). However, because of the Government’s new taxes on landlords being introduced between 2017 and 2021, that means buy-to-let has (and will) be less attractive in the short term for certain types of landlords resulting in fewer new properties being purchased to rent out.
Walsall Property Blog 
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