Carrying on from my last BTL deal, here’s another that could potentially be a fine investment opportunity. Well, disappointingly only one photo present, so get on the blower and make an appointment for a viewing!
Today, we are still on the Shropshire Close estate, but this time a different road, Yorkshire Grove, a splendid 2 bed semi for your delectation.
Rather than duplicate the same information again, I will just give some basic info as the properties presented are pretty much the same. Where there are more obvious differences I will highlight these.
Just added to the market by Yopa (01322 584 475) is a three bedroom semi detached house in the Reedswood area of Walsall. My first impression is that it is a nice sized property, but the decor would need to be changed to something more neutral for a rental property. The property has everything that is to be expected for a property of this quality. There is off-road parking to the front in the form of a blocked paved driveway. there is a garage, but would not be able to be used as such, but as storage. The front and rear gardens are low maintenance and of average sizes. All three bedrooms are double sized and the kitchen and bathroom are of modern design. Additionally, there is a dining room, conservatory and utility room. Top it all off with gas central heating and double glazing and you have a very nice rental property in a highly sought after area.
This 3 bed semi detached home is situated on Burton Avenue, Rushall, Walsall, WS4. On the market with Express Estate Agency (0161 300 3987) and marketed at £140k. The full details can be found here.
If you would like an instant online appraisal as to the rental value of your property, please click here.
From the outset I have to admit that the kerb appeal of this property isn’t that great, however, open the front door and it’s like you have entered through the tradesmans’ entrance to the secret world of Narnia. It’s large, open, full of light and neutrally decorated.
A very nicely presented three bedroom semi detached house on Larchwood Road, Tamebridge, Walsall, WS5. The asking price is £140k with Yopa (01322 584475), you can find the full property details here.
Located in the highly popular and very desirable Tamebridge estate, speaks volumes as to the location and therefore the potential for long term letting.
There are two double bedrooms and a single bedroom. There is a conservatory extension to the rear.
A question posed by a local portfolio landlord of mine last week. Who would be the gainers and losers…?
Those Walsall people wanting property values to drop would be those 30 or 40 something’s, sitting on a sizeable amount of equity and hoping to trade up (because the percentage drop of your current ‘cheaper’ property will be much less than the same percentage drop of the more expensive property– and trading up is all about the difference). If you have children planning to buy their first home or you are a 20 something wanting to buy your first home – you want them to drop. Also, Walsall landlords looking to add to their portfolio will want to bag a bargain (or two) and they would love a drop!
Yet, if you have recently bought a Walsall property with a gigantic mortgage, you’ll want property values to rise. If you are retired and are preparing to downsize, you will also want Walsall property values to rise (because you will have more cash left over after the move). Also, if you, a landlord looking to sell your portfolio or a Walsall home owner, who has remortgaged to raise money for other projects (meaning you have very little equity), you will want property values to rise to enable you to put a bigger deposit down on the next purchase.
So, before I discuss my thoughts on the future, it’s important to look at the past…