A traditional two bedroom terraced house in the Chuckery area of Walsall and a popular area for rentals.
A very spacious 3 bedroom semi detached property, Walsall WS3. Currently marketed by Purple Bricks (0121 721 9601) with an asking price of £115k. It has a very nice neutral spec with gas central heating and double glazing.
A family home with a spacious garden at the rear and a curtilage at the front of the property, which could be used for off-road parking. All three bedrooms are double sized, with the smallest bedroom having some form of storage space.
Another property on Yorkshire Grove on the Shropshire Close estate is a very nice 2 bed semi.
Today, we are still on the Shropshire Close estate, but this time a different road, Yorkshire Grove, a splendid 2 bed semi for your delectation.
An immaculately presented two bedroom Semi Detached house, Shropshire Close, Walsall, WS2. The asking price is for offers over £130k and currently marketed by Bairstow Eves (01922 321033). At a rental of at least £600.00 the yield will be 5.54%. Let’s check out why this is such a good investment. The full property details can be found here.
The location is ideal for an investment property being on a very popular estate for rentals and close enough to Walsall and Bloxwich town centres. There is easy access to major transport routes, school and other amenities.
Lets’s take a look inside…
I wrote my thoughts in an article in October 2016 after interest rates were slashed to 0.25%. You can read the full article by clicking here. Then in December 2017 I wrote a further article when it was announced interest rates would be increased to 0.50%. The full article can be found by clicking here. Existing clients and Blog reading friends alike have been asking me for my thoughts on the recently announced increase…the current average value of a property in Walsall currently stands at £181,994 so what will the recent increase in the base rates to 0.75% from 0.50% do to the local property market?
In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 months or the last 5 years), but to answer this question we need to go back over 40 years, to 1975.
The average value of a Walsall property in 1975 was £8,285
However, since 1975, we have experienced in the UK, inflation of 807.5%.