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.
How does Unemployment Drive 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…
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!
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.
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.
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.
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.
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.
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.
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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