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…
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%.
A traditional two bedroom end terraced house in Leamore, Walsall. This outstanding spec is well worth your time and effort to view immediately.
Did you know the West Midlands property market is continuing to outperform the rest of the country?
This part of the UK has seen the highest month-on-month rise in asking prices, with an increase of 2.6%, making it a brilliant place to be investing in the next few months. While this might come as a surprise to some people, it’s becoming more and more well-known with investors.
Walsall still have many highly affordable properties that are perfect for first-time buyers and landlords looking to invest in this commuter town.
Whether you’re a prospective landlord or a family of tenants looking for your next property, Ashmore Lettings offer a wide range of services to our valued customers.
Our letting agents have a combined experience of over 35 years and will work hard to meet your needs. We know the property market in the West Midlands inside-out and have a number of properties available in Walsall.
We are committed to providing a quality bespoke service to meet your needs, including negotiating the best possible terms for you. Based in Walsall itself, we are a letting agent that look to always exceed your expectations.
Why not check out our blog for the latest news? Here you can check out our deal of the day and find out more about the property market in Walsall.