Walsall Property News

Today’s Buy To Let Deal, Hucker Road, Walsall, WS2. With Yields Of 6.00%.

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

A three bedroom terraced house in the Pleck area of Walsall, WS2. It has literally just been added (two days ago). plenty of photos show a property that has an acceptable spec. Certain aspects of the decor and fixtures and fittings you may want to change over time, but this one could be let as is. It does have central heating and double glazing.

The selling price is good for the type and area being £90000 and it is located in an area popular for rented accommodation. How do I know this? I already manage a property in this very street.

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Walsall And The Next Generation Of Households.

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Walsall And The Next Generation Of Households
Walsall And The Next Generation Of Households

Do you remember the good old days of the 1970’s and 1980’s? The new generation may be surprised to learn certain facts such as the days when we had 24% inflation, 17% interest rates, a 3 day working week, 13% unemployment and power cuts! But hey…at least people could afford to buy their own home! So why aren’t the 20 and 30 year old’s buying in the same volume as they were 30 or 40 years ago?

A number of people blame the credit crunch and global recession of 2008, which had an enormous impact on the Walsall (and UK) housing market. For the most part, the 20-something first-time buyers who, faced with a tricky mortgage market, the perceived need for big deposits, reduced job security and diminishing disposable income, discovered it simply too challenging to get on to the Walsall property ladder.

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Today’s Buy To Let Deal, An Impressive 3 Bed Terrace, Kelvin Place, Walsall, WS2. With Yields Of 6.49%.

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

A 3 bedroom terraced house in the Beechdale area of Walsall. Marketed with Webs estate agents (01922 312727). This is an impressive spec and absolutely ready to let.

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Today’s Buy To Let Deal 3 Bedroom Semi, Archer Road, Walsall, WS3. With Yields Of 6.27%.

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

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A 3 bedroom semi detached house in the north Walsall area, currently marketed by Acorns & Co (01922 312060). The property could be rented as is, but I would recommend making changes in certain areas eg parts of the decor and carpets.

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Walsall Unemployment Rates Drop to 7.3%! What Does This Mean for Walsall’s Property Owners?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Walsall Unemployment Rates Drop to 7.3%! What Does This Mean for Walsall’s Property Owners?
Walsall Unemployment Rates Drop to 7.3%! What Does This Mean for Walsall’s Property Owners?

It was late May 2016, The Right Hon. Member for Tatton, Mr George Osborne, published an official HM Treasury analysis stating UK house prices would be lower by at least 10% (and up to 18%) by the middle of 2018 compared with what is expected if the UK remained in the European Union.  So, eight months on from the Referendum, are we beginning to show signs of that prophecy?

The simple answer is yes and no.

Good barometers of the housing market are the share prices of the big UK builders. Much was made of Barratt’s share price dropping by 42.5% in the two weeks after Brexit, along with Taylor Wimpey’s equally eye watering drop in the same two weeks by 37.9%. Looking at the most recent set of data from the Land Registry, property values in Walsall are 5.75% up month on month (however, the month before that, they had seen decrease of 0.1%) – so is this the time to panic and shout?

Doom and Gloom then?  Well, let me consider the other side of the coin.

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Today’s Buy To Let Deal, Yorkshire Grove, Walsall, WS2 With Yields Of 5.25%.

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

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A two bedroom semi detached house on the popular Beechdale estate in Walsall. The property is s very nice spec and good to go, that’s right, drive it straight off the forecourt.

There are two double bedrooms, one with en-suite as well as a family bathroom.  A modern kitchen with integrated white goods, 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 plus Reedswood Retail Park is just around the corner.

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Today’s buy To Let Deal, 2 bed Semi, Bentley Drive, Walsall, WS2. With Yields Of 5.48%.

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

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A 2 bedroom semi detached house on Bentley Drive, Walsall, WS2. The property is being marketed by Webbs estate agents (01922 312727). An excellent spec, which doesn’t necessarily need any upgrading, unless you really want to, however, the rear garden is quite large and could do with some TLC.

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Is the Walsall Buy to Let Market Over-Saturated?

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , , ,
Is the Walsall Buy to Let Market Over-Saturated?
Is the Walsall Buy to Let Market Over-Saturated?

If I were a buy to let landlord in Walsall today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let.

To add insult to injury, Brexit has caused a tempering of the Walsall property market with property prices not increasing by the levels we have seen in the last few years.  There is even a possibility we might even see a very slight drop in property prices this year and, if Walsall property prices do drop, the downside to that is that first time buyers could be attracted back into the Walsall property market; meaning less demand for renting ( ie rents will go down).

Before we all run for the hills, all these things could be serendipitous to every Walsall landlord, almost a blessing in disguise.

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Today’s Buy To Let Deal. Ready Made Tenant! 2 Bed, West Street, Walsall, WS3. With Yields Of 6.75%.

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

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In my previous buy to let deal of the day, I asked what could be more ready to go than a newbuild..? Well, this one can! Why? It’s got a ready made tenant, that’s why.

A traditional two bedroom terraced house in the Leamore area of Walsall. It’s a pretty good spec actually and it doesn’t need anything doing to it. But, if I was buying it with a sitting tenant, I would sort the back garden out just to show them what a cool and groovy landlord I was. Why not? The money I’m saving by not having to have a void period whilst trying to find a tenant, paying agent fees when I do, updating the decor etc to provide a nicer looking garden for my tenant, it’s a no brainer.

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Walsall Properties…”How Much to Buy Them All?!”

Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market , , , , , , , ,
Walsall Properties…”How Much to Buy Them All?!”
Walsall Properties…”How Much to Buy Them All?!”

My 14 year-old has started his GCSE’s this year. He wants to be a Chartered Surveyor as he loves buildings and anything to do with cars. He posed the fascinating question last week which got me thinking…

So this weekend, I sat down and calculated what the total value of all the properties in Walsall are worth … and just for fun, worked out how much they have gone up in value since he was born back in the summer of 2002! I used information from the latest census, land registry and the ONS.

So, here you are…

In the last 14 years, since the autumn of 2002, the total value of Walsall property has increased by 95% or £8.3 billion to a total of £16.1 billion. Interesting, when you consider the FTSE100 has risen by 68.9% and inflation (i.e. the UK Retail Price Index) rose by 38.7% during the same 14 years.

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