My BTL Deal of the Week is a 2 Bed Semi Walsall WS2 By Modern Method of Auction Yields 8.25%

A 2 bed semi detached house on Monmouth Road, Bentley, Walsall, WS5. On the market with Lovett & Co (01543 526007) and priced at £80k Full details can be found here.

Continue reading

How does Unemployment Drive the Walsall Property Market?

Unemployment and the Walsall Property Market
Unemployment and the Walsall Property Market

If you have been reading my articles on the Walsall property market, you will see that in the three years since the referendum we have proved beyond doubt that ‘Brexit’ has had no effect on the Walsall property market (or the UK as a whole).

So one might ask, what does affect the property market locally? Well many things on the demand side include wages, job security, interest rates, availability of mortgages, confidence in the economy, inflation, speculative demand … the list goes on. Yet as my blog reading friends will note, I like to delve deeper into the numbers which has led me to find an interesting correlation between unemployment and the number of properties sold (i.e. transactions).

Why transaction levels and not house prices? Well just looking at Walsall house prices as a leading indicator has flaws. Many property market commentators and economists believe transaction numbers (the number of properties sold) give a more accurate and truthful indicator of the health of the property market than just house values alone. The reason is twofold. First most people when they sell also buy, so if property values have dropped by 10% or risen by 10% on the one you are selling, it would have done the same on the one you are buying – meaning to judge the health of a property market is very one dimensional.  Secondly…

Continue reading

My BTL Deal of the Week 2 Bed Terraced Walsall WS2 with Minimum Yields of 5.53%.

A two bedroom terraced house in the Beechdale/ Reedswood area of Walsall, WS2. A perfect spec with décor that fits the bill for a ‘good to go’ let. Please book an appointment asap, this is going to get snapped up!

Continue reading

My BTL Deal Of The Week Tamebridge 2 Bed Semi Yields a Minimum 5.78%

A two bedroom Semi detached house, Woodruff Way, Tamebridge, Walsall, WS5. Ideal for a buy to let (BTL) investment opportunity for the right Walsall landlord. Marketed by Purple Bricks (024 7511 8874) and at the asking price of better than 135k. You can find the full property details here.

Situated in the highly popular Tamebridge estate, which is very conducive for long term letting.

Continue reading

My BTL Deal of the Week 2 Bed Semi Walsall WS4 With A Minimum Yield of 4.93%.

More good news for Walsall landlords is this 2 bedroom semi detached house on Station Road, Walsall, WS4 with a sitting tenant. The property is being marketed by Goodchilds (01922 312016). The full property details can be viewed here.

Continue reading

MY BTL Deal of the Day 3 Bed Semi, Walsall, WS3 Yielding a Minimum 5.54%

Good news for Walsall landlords and investors, an extended 3 bedroom semi detached property, Clare Road, Walsall WS3 that has just been marketed by Acorns & Co. (01922 312060 ) with an asking price of £130k. It has a varied neutral decor and perfect spec. and has gas central heating and double glazing.

A family home with low maintenance gardens and a block paved curtilage at the front of the property, which could be used for off-road parking. Two of the bedrooms are double sized, with the third being a single.

The extension includes a utility room and a sitting/ reception room. Top this all off with a modern kitchen and bathroom (Ground floor) and you have a rental property that is good to go.

Continue reading

My BTL Deal of the Week 2 Bed Terraced House Yew Tree Walsall WS5 Yields 7.33%

A 2 bed terraced house on Birchfield Way, Delamere Drive, Walsall, WS5. On the market with Connells (01922 716026) and priced at £90k Full details can be found here.

Continue reading