3 Bed End Terrace in Leamore, Walsall – Yield of 5.9%!!

26/09/201526/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, How to Rent My Property Walsall, letting agent walsall, walsall property, walsall property market

Cope Street, Leamore, Walsall, WS3, is on the market with Bairstow Eves Countrywide, Walsall (01922 218043) priced at £100,000. For full property particulars please click on the link below:

http://www.zoopla.co.uk/for-sale/details/photos/38181058

The yield achievable on this property is what attracted me to this property which just came on the market a few days ago. What makes this a good investment opportunity is not only that my favourite curry house is a short walk away but as a buy to let (BTL) investor with a small budget this makes an ideal purchase.

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New Build – 2 Bed Semi in Leamore – Yield of 5.5%

19/09/201519/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, letting agent walsall, property deals walsall, walsall property

Yorkshire Grove, Leamore, Walsall, WS2 is on the market with Goodchilds, Bloxwich (01922 312016) priced at £130,000. The full property advert can be found at:

http://www.zoopla.co.uk/for-sale/details/38157133

Search for this property with a postcode on Google Maps or on any other navigation system and you’ll probably end up taking a scenic tour of Walsall! Situated on a new development (joint venture by Mar City Homes and Taylor Wimpey), called Jubilee Gardens I think this makes an ideal investment property for a few reasons. This site used to be the old dumping ground for the local authority which was occupied by the DWP and warehouses/ storage for old buses. Now transformed by the developers which has plans to build approximately 200 new homes. Like with any new development under section 106 rules there is some social housing present however, these are given under the owner-occupier tenure of shared ownership leases.

Personally I like new builds which are built well. They usually come with a retention period of at least 12 months from the builder and NHBC guarantee of 10 years. There is no refurbish work to undertake and with the decoration done all the tenant has to do is move in with furniture to make it a home. What I particularly like about this development is the potential for capital appreciation. In recent years, whilst many areas of Walsall has undergone regeneration of one type or another the northern part of Walsall has seen, by way of comparison, very little. The good news is that many developments are now going up with lots of other regenerative plans for the area. Over time these areas will become attractive and appealing to both home buyers and renters. A healthy recipe for potential capital appreciation.

Slightly pricey at £130,000 I would certainly negotiate and see if I can reduce the asking price but even at this price you would be able to easily achieve a yield of 5.5%.

If you would like my opinion on any investments please feel free to send me the links and I’ll happily share my opinion with you. I can also assist with the whole buying process if you are a new buy-to-let investor from negotiating to assisting with arranging a mortgage and of course finding you a half decent tenant!

Email: salekm@ashmorelettings.co.uk

Phone: 0345 257 9850/ 01922 637672

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Walsall Property Prices….the long climb back!!

14/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, capital growth, landlords, letting agent walsall, walsall property, walsall property market

Here’s a post that you may have to read a couple of times to get the gist!

Some landlords have been speaking to me recently about stories in the press and their concerns about booming house prices and the next housing bubble. Whether you are an established landlord or one considering entering the market for the first time, it is of utmost importance that you do your homework. Buying a property in Walsall and the surrounding area is an investment, and as such, one needs to do one’s homework.

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Is George Osbourne Pro Landlord?

07/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, letting agent walsall, rental properties, walsall property

Well, the last few weeks have been rather hectic as Walsall landlords. Some who use us to manage their properties and other landlords who just read our Walsall Property Blog, have been sending me emails or picking the phone up to me about the new rules on buy to let taxation announced in the recent budget and the side effects of such policies.

George Osborne confirmed in the recent summer budget that the tax relief given to landlords on mortgage interest payments, on their buy to let Buy-to- Let (BTL) properties, would be reduced over the coming years for higher rate income tax payers. The Chancellor said the tax relief that private BTL landlords (who pay the higher rate of income tax) would change in 2017 from the current 45%/40% and would steadily reduce over the following four years to the existing 20% by 2020.

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3 Bed Semi with Conservatory – Yield of 5.4%

03/09/201503/09/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, letting agent walsall, properties, property deals walsall, rental properties, walsall property

Wrexham Avenue, Bentley, Walsall, WS2 is on the market with Love Your Postcode B’ham (0121 659 7776) priced at £114,950. For the full particulars please click on the link to the agent’s advert below:

http://www.zoopla.co.uk/for-sale/details/photos/37949696

I have to say that I like the look of this property which is situated ideally near J10 of the M6. It has plenty of plus points such as a nice fitted kitchen/ diner and a spacious lounge and conservatory downstairs. A low maintenance rear garden and an upstairs bathroom which you sometimes do not get with these types of houses. Not to mention the cul-de-sac location. The only con is that the driveway is shared and I personally don’t like the argy-bargy of sharing. However, there is plenty of space to make suitable future changes with a garden out front which looks like you would be able to fit several cars after adding a driveway.

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2 Bed Maisonette with sitting tenants – potential yield of 6.4%

31/08/201531/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, letting agent walsall, properties, property deals walsall, walsall property

Thorncroft Way, Yew Tree, Walsall, WS5 is on the market with Shipways (0121 659 1499) at £80,000

http://www.zoopla.co.uk/for-sale/details/photos/36422634

The Yew Tree area of Walsall has been the focal point of regeneration for the past 15-20 years now. Development is still ongoing with new housing nearby which is a good indicator of potential capital growth. This property was on the market in March 2015 with an asking price of £100,000 recently reduced to £80,000. Looking at the pictures I would suggest that very little is required by way of improvement to the property and an astute buyer would look to negotiate further on the price.

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Buying a house for the same price as a TV!

29/08/201529/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, letting agent walsall, properties, rental properties, walsall property

An elderly gentleman popped into the office a couple of days ago to ask about, of all things, inheritance tax! He had read an article in our recent newsletter and wanted some more information so I put him in touch with our tax specialist to arrange a chat. We got talking about investing in the Walsall property market and he reminded me that in his day, you could have bought a property for the same price as a decent second hand car would sell for today and that his father was buying property for the same price as a decent 50 inch LCD TV!

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This two bedroom apartment near Wolverhampton University (Walsall Campus) will give you a great yield.

19/08/201525/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, letting agent walsall, properties, property deals walsall, rental properties, Walsall, Walsall area, walsall property

Spring Court on Birmingham Road, Walsall, WS1 is on the market with Homepoint (01922 312002) at £95,000

http://www.zoopla.co.uk/for-sale/details/photos/34782409

Now I’ll be honest and tell you that I’m not a fan of apartments but I have to tell you that this one is set in lovely grounds with more pros than cons. Therefore, I have been compelled to inform you that I think this makes an ideal buy-to-let investment. With a really good potential yield of 6.25% I feel this will make an ideal investment for any type of landlord be it novice or professional. Ideally situated near the University and major commuting routes/ town centre. If you are thinking of investing in a buy-to-let in Walsall why not get in touch. If you want my opinion on any property in Walsall and how I think it will perform in the rental market please send me a link to the property at salekm@ashmorelettings.co.uk and I will be more than happy to pass judgement.

What type of property is best to purchase as a buy-to-let in Walsall?

14/08/201515/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Property Market buy-to-let in walsall, letting agent walsall, property deals walsall, walsall property

I received a call from an investor this week looking to buy a property for rental in the Walsall area. He said he has a varied portfolio around the country but Walsall had piqued his interest as it sits right in the middle of two cities; Wolverhampton and Birmingham. With so many properties and many sub-areas of Walsall, what type of property and in which location would bring about the best returns? What to do?

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Great opportunity for Buy-to-Let in Coalpool, Walsall, WS3 (potential yield of 5.15%)

11/08/201512/08/2015 Head of Juicing @Ashmore Lettings & Sales Ltd Walsall Buy to Let Property Deals buy-to-let in walsall, property deals walsall, walsall property

Reduced from £159,995 to £157,495 this 3 Bed Detached property is worth a punt and given the short time the property has been on the market with a price reduction already, I would suggest the seller is keen to sell. Play your cards right and you could negotiate your way to a further decrease in price, increasing on the potential yield of this detached property.

On the market with Debra Ball Homes (01922 312069) the full particulars can be found by clicking on this link below:

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