Over the last couple of decades, the rise in the number buy to let properties in Walsall has been nothing short of extraordinary. Many in the “left leaning” press have spoken of a broken nation, the fact many youngsters are unable to buy their first home with the rise of a new cohort of younger renters, whom have been daubed ‘Generation Rent’ as landlords hoover up all the properties for their buy to let property empires. Government has been blamed in the past for giving landlords an unfair advantage with the tax system. It is also true many of my fellow professionals have done nothing to cover themselves in glory, with some suspect, if not on some rare occasions, downright dubious practices.
Yet has the vilification and unfair criticism of some Walsall landlords gone too far?
It was only a few weeks ago, I read an article in a newspaper of one landlord who had decided to sell their modest buy to let portfolio for a number of reasons, one of which being the new tax rules on buy to let that were introduced last year. The comments section of the newspaper and the associated social media posts were pure hate, and certainly not deserved.
Like all aspects in life, there are always good (and bad) landlords, just like there are good (and bad) letting agents… and so it should be said, there are good tenants and in equal measure bad tenants. Bad Walsall letting agents and bad landlords should be routed out… but not at the expense of the vast majority who are good and decent.
But are the 3,983 Walsall portfolio buy to let landlords at fault?
Rather than duplicate the same information again, I will just give some basic info as the properties presented are pretty much the same. Where there are more obvious differences I will highlight these.
Are you considering letting a property in Walsall, one of the most up and coming locations of the West Midlands?
With a multi-million pound revamp of Walsall town centre taking place, these are exciting times for this former industrial town. The ambitious plans will mean the waterfront and train station will be transformed, bringing much-needed regeneration to the town.
When considering letting a property in Walsall, don’t forget to get in touch with Ashmore Lettings to help you find your next property. We offer the utmost support for landlords looking to make their next property investment in the West Midlands, offering a wide range of properties that are guaranteed to attract quality tenants.
Why choose Ashmore Lettings for letting a property in Walsall?
Our services include carrying out instant property valuations, which are available on our website. Since we are landlords ourselves, we understand the importance of property management and can easily take the strain of managing a tenancy off your hands.
If you’re thinking of letting a property in Walsall, Ashmore Lettings can offer full property management which includes finding the best tenants, dealing with inventories, maintaining a property and much more. With over 35 years of experience, we understand exactly what landlords are looking for from this type of service.
For more information on letting a property in Walsall, why not download our letting guide?
In my research to discover potential properties for buy to let investment it does appear that there are other properties on this newbuild housing estate up for sale, therefore, I will probably be covering more properties of these types in my upcoming posts over the next few weeks. Shropshire Close and it’s locality is a burgeoning area for rental properties. I have helped many of my clients to buy and rent out the properties for sale on this estate. They are selling at a reasonable price and achieve above average yields. They are newbuild and in general need very little work doing to them in order to bring them up to a lettable standard even if they have been previously occupied and in addition are ideally located. So, let’s get on with the show…
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…