A three bedroom end terraced house, Holford Avenue, Bescot, Walsall, WS2. This property is presented very nicely and with a very acceptable spec. It can be let as it currently stands though I would take a closer look at the rear garden, it could do with some sprucing up. The property type and high standard of spec makes it ideal for working professionals.This is further strengthened by its location about half a mile from M6 junction 9, ideal for commuting. For the frustrated footballer in all of us, Bescot stadium is but a short 10 minute stroll away. The return journey could be a little longer if the Saddlers lose that Saturday. For your weekly shopping supplies look no further than the large Morrisons superstore just around the corner. It has a petrol forecourt as well…Handy!
A three bedroom end town house, Norfolk New Road, Reedswood, Walsall, WS2. It has an excellent spec with all the mod cons one would come to expect from a newbuild property; Modern kitchen and bathroom with double glazing and gas central heating.
It is ideally positioned in the Reedswood area of Walsall, close to the Reedswood Way Retail park. There are a large selection of schools locally and many are within a mile distance including the Reedswood E-Act Academy and Castle Business and Enterprise College. Healthcare amenities eg doctors, dentists etc are also nearby. Transport services are very good with bus routes and major road networks adjacent lending easy access to Walsall, Bloxwich and Willenhall. Junction 10 of the M6 is literally about a mile down the road.
The current asking price are for offers over £130k and based on my appraised rent pcm of £625.00 will return a yield of 5.77%. Now let’s talk about the selling price. In my opinion it is overpriced as other similar proprieties on the same road, not just the estate, have been selling for 120k.
Currently on offer with Prestige Estates (01902 596006) the full property details are here.
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“Why should Walsall’s pensioners be forced to downsize? A question I received via social media a couple of weeks ago. The mature member of a Walsall society came across my article I wrote at the start of the year (see article HERE), about Walsall pensioners feeling trapped in their homes.
There are around 24,000 home owning OAP’s in Walsall.
After working hard for a life time and buying a home for themselves and their family, the children have flown the nest and now they are left to rattle around in a big house. Many feel trapped in their large homes, hence I dubbed these Walsall home owning mature members of our society, ‘Generation Trapped’.
So, should we force OAP Walsall homeowners to downsize?
Do you remember the good old days of the 1970’s and 1980’s? The new generation may be surprised to learn certain facts such as the days when we had 24% inflation, 17% interest rates, a 3 day working week, 13% unemployment and power cuts! But hey…at least people could afford to buy their own home! So why aren’t the 20 and 30 year old’s buying in the same volume as they were 30 or 40 years ago?
A number of people blame the credit crunch and global recession of 2008, which had an enormous impact on the Walsall (and UK) housing market. For the most part, the 20-something first-time buyers who, faced with a tricky mortgage market, the perceived need for big deposits, reduced job security and diminishing disposable income, discovered it simply too challenging to get on to the Walsall property ladder.
I don’t know about you but at some point over the Christmas break I get fed up of all the eating, drinking and partying. “Bah! Humbug!” I hear you say…but in reality I think it’s simply that as a busy business owner, my mind and body can’t take the change in pace from mad and hectic to practically a vegetative like state.
So when I hit that point and I need to re-engage my brain, this is what I plan to do…
Recently I read a really interesting article by Christopher Watkin, renowned property guru, which really made me think about whether landlords and vendors actually know who they are instructing when putting their property for let or for sale and the implications of being unaware of whether one of the large corporate owns your local agency!
I have noted my opinions and thoughts at the bottom of the article..
When my research showed me this statistic, the first question that popped into my mind was; “Is this a problem or an opportunity?”
The orthodox way of classifying property in the UK is to look at the number of bedrooms rather than its size in square metres – although now we are leaving the EU, I wonder if we can go back to feet and inches!
It seems that homeowners and tenants are happy to pay for more space. It’s quite obvious, the more bedrooms a house or apartment has, the bigger it is likely to be. The reason being, not only the actual additional bedroom space, but the properties with more bedrooms tend to have larger or more reception/ living rooms. However, if you think about it, this isn’t so astonishing given that properties with more bedrooms would typically accommodate more people.
In today’s Walsall property market, Continue reading