A three bedroom semi detached house on a popular Bentley estate in Walsall. The property has a very nice spec and could be let as is.
There are one double bedroom and two single bedrooms plus a family shower room, no bath in this one. Top this off with a modern kitchen and an extension to the property which has been turned into a sun room. The rear garden is large and is for the gardeners amongst us. parking is on-road. 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 plus Reedswood Retail Park is just around the corner.
Every now and again a surprise package of a property turns up and I thought I would share my latest find with you.
Priced at £120k for a three bed semi is about average for the type and area. It is immaculately presented with a modern fitted kitchen and bathroom. The surprise feature is the large curtilage at the front of the property, which can easily accommodate several vehicles, but obviously as a landlord you wouldn’t want to turn this part of the property into a small caravan park. However, the reality of the situation is that professional couples/ families generally have more than one car. So, this would be ideal in meeting that requirement.
The full property details are here. I appraise the property at £625.00 pcm producing a yield 6.25%.
A two bedroom semi detached house on a newbuild estate in the Brownhills area of Walsall. This is completely ready to go. The spec is immaculate. The property has two double bedrooms, the master bedroom has an en-suite shower room. There is also a guest WC. The property also benefits from double glazing and gas central heating. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities.
A very nice spec indeed on this semi in the Bentley area of Walsall. A good sized property with two double bedrooms and a single. It also has double glazing and gas central heating. Another great buy to let deal that requires little or no change to the decor. Normally I would say that a property like this would rent for just under £600.00 pcm, but the large curtilage parking at the front of the property allows for a little extra squeeze to £625.00.
A traditional two bedroom terraced house in the Palfrey area, Walsall, and a popular one for rentals. It checks all the boxes in terms of the size, style and price, but as a ready to go rental it isn’t. Well, If you are willing and I think you should be, to spend a little to gain a little more. Then changing the flooring and the decor is a must. The kitchen may need looking at as well, but it’s hard to tell from just the one photo. The property has two reception rooms and both bedrooms are double and there is a cloakroom WC as well.
The location is ideal for local schools both public and private (Mayfield Prepatory and Queen Mary’s Grammar schools are approx 2 miles 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.
Walsall needs to build 5,400 mixed tenure properties in 7 years..
I was having a most interesting chat the other day with a Walsall landlord when we were looking at a property he was thinking of buying. As I am sure you are aware, I am always happy to cast my eye over any potential buy-to-let purchase in Walsall, be that you emailing me a Rightmove/ Zoopla link, a brochure in the post or even treading the carpet and seeing it together. I don’t charge for that, and you don’t even need to be a client of mine.
We got talking about the Walsall Property Market and this landlord brought up the subject of a report he had read that stated almost 1.8m new rental homes are needed by 2025 to keep up with current demand from tenants. He wanted to know what this meant for Walsall.
Well my blog reading friends, some commentators said last winter that buy-to-let was about to die, what with the new stamp duty changes and how mortgage tax relief will be calculated. Others even said 500,000 rental properties would flood the market nationally in the 12 months after the new Stamp Duty rules came into force on the 1st April 2016 as landlords left the rental market. Well, all I can say is, I wish all the landlords of those half a million properties would hurry up and put them on the market – because I have plenty of other potential landlords wanting to buy them!
A superb spec on this semi in the Bentley area of Walsall. A good sized property with two double bedrooms and a single. It also has double glazing and gas central heating. This is the definition of a buy to let deal that does not need a thing doing to it and is good to go as it is.
A 3 bed semi with three reception rooms, utility room and a garage. Not bad going for starters. It’s a decent spec overall, but will need some changes here and there with regard to the decor. Currently marketed with Purple Bricks (01926 267659) with offers over £115k.
This is a must see! A very nice semi detached corner plot in Blakenall Heath, Walsall. I know I keep banging on about it, but the area has changed for the better due over the last few years due to the housing regeneration that has happened in the area. Currently marketed Your Move (01902 596633). It’s a decent spec, but will need some attention in certain areas e.g. the decor. It has gas central heating and double glazing.
Are Walsall landlords stifling the Walsall property market…?
Following the publication of a recent blog article about ‘Generation Rent’ a local homeowner of Walsall contacted me. He said that he felt that the plight of our Walsall youngsters (first time buyers), was that like of a novice football player trying to bend it like Beckham! You’re in a minus game playing Beckham at his own game right? Play him a 100 times and you’re bound to lose 100 times!! There is no doubt that buy to let landlords have played a major role in driving up property values in Walsall (and the UK) and from that made housing a lot less affordable for the 20-30 somethings of Walsall.
Let us look at how affordable Walsall is. The best way to measure affordability is to measure Walsall property prices against Walsall average salary (the higher the ratio, the less affordable properties are). Looking at the table below, for example in 2014, the average value of a Walsall property was 5.95 times higher than the average annual wage in Walsall.
Walsall Property Blog 
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