My BTL Deal of the Week is a 2 Bedroom Terraced House Walsingham Street Walsall WS1 Yielding 6.25%.

A traditional two bedroom terraced house in the Chuckery area of Walsall and a popular area for rentals.

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Brexit – What’s the ‘Deal’ with Walsall House Prices?

Brexit – What’s the ‘Deal’ with Walsall House Prices?
Brexit – What’s the ‘Deal’ with Walsall House Prices?

On a daily basis in Walsall I am talking to landlords and homeowners from all walks of life. Some are serial investors whilst others are accidental landlords or holding a small portfolio. I have always shared my thoughts on the local property market in Walsall and Brexit has come up a few times. Here are some links to past articles I have written on the topic:

25/04/2016  EU vote!! Which way should Walsall landlords vote?

24/06/2016  EU Referendum – 67.9% of Walsall Voters Vote With Their Feet…

20/09/2016  Walsall’s Generation Gap & Brexit – Did the Older Generation Let Down the Young?

09/05/2017  The effects of a ‘Hard Brexit’ on the Walsall Property Market…

I have been holding off giving my thoughts, as I did not want to add fuel to the stories being banded around in the national press. However, it’s obviously a topic that you as Walsall buy to let landlords and Walsall homeowners are interested in…

We may or may not as the case may be, have a potential deal in the offering, there is still an amount of ambiguity about the exit plan so I am going to try and give you what I consider a fair and impartial piece on what would happen in Walsall if a hard Brexit takes place in March 2019.

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My BTL Deal of the Week 3 Bed Mid Terrace Anson Road Walsall WS2 with Yields of 5.73%

Roll up, roll up guys and gals and feast your eyes on this little beauty! My advice? Get in there now and arrange a viewing! Marketed by Connells (01922 716026) at £110k and stated as a ‘Fantastic buy to let investment opportunity’. The spec is bang on the money and ready to go. The full property details can be found here.

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My BTL Deal of the Day 2 Bed Semi Ludlow Lane Walsall WS2 with Yields of 5.49%.

A two bedroom semi detached house on a popular Reedswood estate in Walsall, WS2. The property is an absolutely wonderful spec and is very much good-to-go.

There are two double bedrooms, modern kitchen and bathroom, a low maintenance rear garden and off-road parking. 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 lending easy access to Walsall town centre plus Reedswood Retail Park is just around the corner.

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My Buy To Let Deal of the Day is a 2 Bed Semi Walsall WS2 with Yields of 5.59%.

A 2 bedroom semi detached house in the Beechdale area of Walsall. Marketed with Purple Bricks (024 7511 8874). The decor will need changing to something more neutral, otherwise it looks just the ticket.

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My BTL Deal of the Day is a 3 Bed Semi Edinburgh Avenue Walsall WS2 Yields 6.54%

Just added to the sales market today. This very nicely specced property is situated on Edinburgh avenue, Walsall, WS2. Currently marketed with Paul Dubberley (0121 659 6109) for an asking price of over £110k and based on a minimum pcm rental of £600.00 will yield 6.54%.

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Walsall Landlords – Are you abiding by all the laws?

Walsall Landlords – Are you abiding by all the laws?
Walsall Landlords – Are you abiding by all the laws?

 

As the dust finally settles on the manic world of returning to work after a small hiatus, my thoughts return to the Blog.  I have been asked on many occasions where I get inspiration from when writing such ‘out there’ and ‘interesting’ articles (which I take with compliment).  The truth is a lot of my inspiration comes from talking to Walsall landlords and Walsall property owners.

Approximately a fortnight ago I was talking to a professional landlord who has an extensive portfolio up and down the country including a few in Walsall.  We got talking about Housing Law and all the regulations/ legislation that landlords need to adhere to.

Did you know, there are over 125 individual acts of legislation that landlords must adhere to if they’re to remain on the right side of the law?  Most landlords can’t name the specific acts but know and understand the basics, which are:

  • Tenancy deposit protection
  • Annual gas safety inspections
  • Energy Performance Certificates
  • Smoke alarms
  • Carbon monoxide alarms, and;
  • Serving of prescribed information

But, can you name the acts these rules come from?  Can you name the recent legislation that demands an energy efficiency assessment be ordered before the property to marketed to let and a valid EPC in place within 7 days and where reasonable to do so, this can be extended up to 21 days. This is detailed in the act The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015.

What about the relevant act that gives tenants the powers to report poor housing conditions?  This is covered by Section 11 of the Landlord and Tenant Act 1985.  It is this act that obliges tenants to keep the property in a “tenant-like manner”.  Later acts gave tenants the right to complain without fear of revenge evictions making it a criminal offence to evict a tenant who requests “too many” repairs.

More legislation is working its way through parliament, being written into law, including the upcoming tenant fee ban, deposit cap and potential three-year minimum tenancies!!

Now, more than ever, landlords should give strong consideration to letting their property and managing it themselves.  With more than 125.. and counting.. acts of legislation that landlords must be aware of and adhere to, it is no wonder that we regularly see Walsall landlords and Walsall Letting Agents regularly falling short of fulfilling their obligations.

A full list of the 125+ acts are listed below:

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