Today’s Buy To Let Deal Is A Winner, Winner Chicken Dinner!

Leading on from my last BTL deal, I came across another similar property on Tamebridge on Harebell Close this time. Namely, a two bedroom terraced house, WS5. The full details here.

The marketed value is for offers around £124950k. Now, if the stats on the listing are correct, the last sale of the property on 22/08/2017 was £90k. Therefore, this means in just under 4 months, the property has increased in value by almost £35k! Now that’s some mad capital growth in such a short space of time!

Again, I don’t see this property selling at the asking price. Seems to me the seller bought it at a bargain price and is now trying to capitalise quickly, but as to whether it is worth the asking price, I don’t think it is. The spec is absolutely what you would expect from a property on Tamebridge and there is nothing out of the ordinary nor unique that would set it apart from other similar properties on the estate

So, what kind of BTL deal would this make Firstly, the property will let. The estate is amazingly popular for rentals. The true value of the property, in my opinion, is somewhere between £110k – £120k. Therefore, the rental yield based on a minimum pcm rent of £525.00 would be between 5.25% and 5.73%. There should be plenty of wiggle room to negotiate the asking price down, which in turn increases the yield. The seller gets more on his investment and you get more on your yield, winner, winner chicken dinner!

The photos speak for themselves, but get the rear garden sorted. It’s small and shouldn’t cost the earth (Pun intended). Parking is off-road.

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 BTL Deal, One Bed Semi, Wareham Close, Walsall, WS3 Yields Of 7.20%.

A one bedroom terraced house in a popular estate in Walsall for rentals. It is a very nice spec and billed as a buy to let opportunity and already being let as is. However, it is not clear from the listing whether the property comes with the current “Sitting tenant”. It is a modern build with all the relevant features e.g. double glazing, gas central heating type, fitted kitchen, bathroom with shower, low maintenance gardens 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.

The current asking price is fore offers over £75k and based on the current rental of £450.00 pcm will return a yield of 7.20%. However, I feel that offers “Over” the asking price are asking a little too much.

Currently on offer with Goodchilds (01922 312016) click here for the full details http://www.zoopla.co.uk/for-sale/details/40817062 and the EPC can be found 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

 

Walsall Property – 5 Helpful Tips on Getting the Best Out of a Refurbishment

Walsall Property – 5 Helpful Tips on Getting the Best Out of a Refurbishment
Walsall Property – 5 Helpful Tips on Getting the Best Out of a Refurbishment

Not everything you do to a property adds a premium to the price.  A question I get asked time and time again from landlords, who think by maintaining a property where they replaced a boiler or a tenant, who through choice, changed the flooring and some minor decorative work feel they have done. So what does constitute value and how does this work with Walsall property?

Below are my thoughts and examples of 5 improvements that will add the most value to your next Walsall refurbishment (weigh up the costs against the extra you will achieve in rent though, each project is different):

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