Before we begin… no, that’s not a location picture of Walsall-on-Sea!!
Within my blog about the Walsall Property Market I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ (or council housing as some people call it).
In previous articles, I have spoken at length about the crisis in supply of property in Walsall (i.e. not enough property is being built), but in this article I want to talk about the other crisis – that of affordability. It is not just about the pure number of houses being built but also the balance of tenure (ownership vs rented) and therein, the affordability of housing, which needs to be considered carefully for an efficient and effectual housing market.
An efficient and effectual housing market is in everyone’s interests, including Walsall homeowners and Walsall landlords, so let me explain ..
Ashmore Lettings are true experts on the property market in Walsall and have a range of quality houses available to let.
Whether you’re a young professional looking to rent near Birmingham, a family looking for your next home, or a landlord investing in property, Ashmore Lettings help a wide range of clients in this part of the UK.
We want to help you make the most of the property market in Walsall, which remains one of the most affordable parts of the West Midlands and is a popular commuter town, making it a great place to invest.
In fact, prices have been found to be cheaper here than they were a decade ago although it’s not known how long this will last. Unemployment figures are also down in this area and there are many exciting building developments taking place in Walsall.
Why buy a house to let out in this area of the West Midlands?
Rent in this town has been outstripping inflation since 2005, making it an excellent place for landlords to make the most of the boom in the number of millennials renting. The average rent in Walsall at the moment is over £600 and it frequently attracts those looking to commute to Wolverhampton or Birmingham, both of which are only half an hour away.
Why not check out our blog for more information?
A good looking 2 bed semi on Darlaston Road, Walsall, WS2. It has a decent sized rear garden with an overlooking sun room. It’s a pretty good spec and by the looks of the photos, doesn’t need anything doing to it, but as I always say, “that is what viewings are for”. There are two double bedrooms, a Modern style bathroom, but unfortunately there is no picture of the kitchen. There is a Veranda, which looks like it is being used as a utility room. Parking is off-road. Located on the main Darlaston Road it is not far from Walsall, Darlaston and Wednesbury town centres.
Millennials were born between the mid 1980’s and late 1990’s making them between the age of around 22 to late 30’s. They are the imaginative, artistic youngsters who grew up with the newest tech and computers and who are huge enthusiasts of music festivals, gourmet pizzas, emoji’s, selfies and old school nostalgia AKA…generation rent.
Countless Millennials have discovered that renting is a good choice for their shelter and accommodation needs without the hassle that comes from buying a home. Nonetheless, that is not the only reason they don’t buy property. When they should be concentrating on their profession, putting down roots and starting a family, Millennials are still going through the pressures and constraints on their finances of student loan liabilities whilst, at the same time, finding it hard-hitting to pay rent.
The hot topic at the moment is the cost of renting, as both our main political parties have seen mileage in wooing these Millennial Generation Renters. The average rent in Walsall is currently £618 per month making this a big-ticket item on the monthly budget. I was inquisitive to find out exactly how much Walsall Millennials will spend on rent by the time they reach their mid 30’s. The average age people leave home in the UK is 22; so looking at a Walsall 22-year-old (or Millennial) who left home in 2005 then between 2005 and today that Walsall Millennial will have shelled out £90,348 in rent.
When you’re looking for houses to let in Walsall, don’t forget to get in touch with our team at Ashmore Lettings.
Renowned as one of the most reputable letting agents in the local area, we understand that your property is one of your most valuable assets and for many people it’s one of their most important forms of income.
We have a range of houses available to let in Walsall, including family homes that will be popular with customers in the local area.
Three of the West Midland’s top seven property hotspots are now in the West Midlands, making this a great place to invest.
Ashmore Lettings work hard to meet the needs of both landlords and tenants.
With recent reports that one in four private-rented homes in the West Midlands are not suitable for humans to live in, we also strongly appreciate the needs of tenants. We offer a varied choice of properties that are always maintained to the highest standards.
Based in Walsall itself, Ashmore Lettings are true experts on the property market in this area. Our management team have over 50 years of combined experience and look after every tenant we place in our properties. We are part of the UK Association of Letting Agents and are locally accredited by the Midlands Landlords Accreditation Scheme.