Walsall Property Values Rise by 3.65% in the Last 12 Months!

Walsall Property Values Rise by 3.65% in the Last 12 Months
Walsall Property Values Rise by 3.65% in the Last 12 Months

Now the headline may not mean much to some of us but when you compare & contrast the value increase against the average national salary drop of 1%…just goes to show that a positive spread of 4.65% is actually quite healthy!

The most recent set of data from the Land Registry has stated that property values in Walsall and the surrounding area were 3.65% higher than 12 months ago and 25.20% higher than September 2012.

Despite the uncertainty over Brexit as Walsall (and most of the UK’s) property values continue their medium and long-term upward trajectory. As economics is about supply and demand, the story behind the Walsall property market can also be seen from those two sides of the story.

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Today’s Buy To Let Deal Yields 6.07% 2 Bedroom Semi Detached House, Lindon Drive, Walsall, WS8.

A two bedroom semi detached house, Lindon Drive, Brownhills, Walsall WS8. The asking price is in the region of £123500k with Goodchilds of Brownhills (01543 526869).

It’s a newbuild property and was last sold in 2007 for £120k, but I can’t see it reaching the current asking price this time around. It’s a pretty good spec and very much good to go as a rental, but the garden is on the small side.

You can get away with the decor as it is, but you may want to get rid of the lime green in the one of the bedrooms. Just a thought since everything else is neutral.

As to be expected from a newbuild property it has all the mod cons including a modern fully fitted kitchen with oven/ hob, modern bathroom, double glazing, gas central heating and there are two allocated parking spaces.

The location is ideal for commuting. Not far from the Chester and Lichfield roads leading to Cannock, Walsall, Lichfield and Streetly. Many other amenities and services are all within a short distance away.

I appraise the pcm at a minimum of £625.00 and if the property sells at the current asking price, this makes a yield of 6.07%.

If you would like an instant online appraisal as to the rental value of your property, please click here.

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment.

For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01922 311016, you can always email me on salekm@ashmorelettings.co.uk.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

Blog: www.walsallpropertyblog.com

Facebook: https://www.facebook.com/AshmoreLettings

Twitter: https://twitter.com/AshmoreLettings

Today’s Buy To let Deal Yields 7.14%. 2 Bed Semi Detached House, Rochester Croft, Walsall, WS2.

This is just a quick buy to let deal today. I spotted this one as it has been reduced by £10k to £100k, but unfortunately there are no internal photos, so this is all I have to go on.

A two bedroom Semi Detached house, Rochester Croft, Walsall, WS2. The asking price is for offers over £100k and currently marketed by Bairstow eves (01922 312791). At a rental of at least £595.00 the yield will be 7.14%.

If you want an idea as to what it may look like internally, check out another one of my buy to let deals on the same estate in Balmoral Way, here. But my advice as always is to book a viewing and go and have a look for yourself.

If you would like an instant online appraisal as to the rental value of your property, please click here.

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment.

For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01922 311016, you can always email me on salekm@ashmorelettings.co.uk.

Don’t forget to visit the links below to view back dated deals and Walsall Property News

Blog: www.walsallpropertyblog.com

Facebook: https://www.facebook.com/AshmoreLettings

Twitter: https://twitter.com/AshmoreLettings

Would you buy a leasehold house in Walsall?

Would you buy a leasehold house in Walsall?
Would you buy a leasehold house in Walsall?

Following on from last week’s article and my marathon break from the blog – I’ve had some interesting queries around freehold and leasehold property.  I have written about this subject in the past (click HERE for the previous article) however, the theme I’ve noticed amongst my blog reading friends requests is…’which one is the more beneficial?’

In total there are 23.36 million properties in England and Wales with 64% being of owner occupied tenure and 36% being rented (includes both the private and social landlords).

Over nine out of ten of those English and Welsh owner-occupied properties are a whole house or bungalow. Now, most people would assume they would be freehold – however, of those renting nearly half of rental properties, 44% to be precise, lived in other leasehold apartments and flats.

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Today’s Buy To let Deal Yields 5.71%. 2 Bed Semi Detached House Balmoral Way, Walsall, WS2.

An immaculately presented two bedroom Semi Detached house, Balmoral Way, Walsall, WS2. The asking price is for offers over £125k and currently marketed by Purple Bricks (01926 267659). At a rental of at least £595.00 the yield will be 5.71%. Let’s check out why this is such a good investment.

Firstly, the location is absolutely spot-on. Close enough to Walsall town centre and located on the border of the burgeoning Reedswood estate. Quick and easy access to the M6, Reedswood Retail park on Reedswood Way, over a dozen schools plus numerous healthcare and sports facilities.

Lets’s take a look inside…

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Walsall Property Market Update – After the Holiday & Since the General Election…

Walsall – After the Holiday & Since the General Election
Walsall – After the Holiday & Since the General Election

Back on the Blog after the longest break I’ve had in two years and a record number of weddings attended!!  With schools opening up this week, I don’t know about you, but I’ll be glad to see the back end of the kids.  Whilst away I have received numerous email requests to discuss various topics of interest by my readers.  I picked the one requested most but I promise to try and get around addressing them all over the coming weeks.

Housing has always been the Cinderella issue at General Elections.  Policing, NHS, Education, Tax and Pensions etc., are always headline grabbing stuff and always seem to go to ‘the ball’. However, housing, which affects all our lives, always seems to get left behind and forgotten.

Nonetheless, the way the politicians act on housing can have a fundamental effect on the wellbeing of the UK plc and the nation as a whole.

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Today’s Buy To Let Deal Yields 5.77%, 3 Bed Terraced House, Hadley Way, Walsall, WS2.

A 3 bedroom terraced house in the Beechdale area of Walsall. Marketed with Webs estate agents (01922 312727). A highly impressive spec on this one and could be absolutely ready to let.

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