A very nicely presented three bedroom semi detached house on Larchwood Road, Tamebridge, Walsall, WS5. The asking price is £140k with Yopa (01322 584475), you can find the full property details here.
A question posed by a local portfolio landlord of mine last week. Who would be the gainers and losers…?
Those Walsall people wanting property values to drop would be those 30 or 40 something’s, sitting on a sizeable amount of equity and hoping to trade up (because the percentage drop of your current ‘cheaper’ property will be much less than the same percentage drop of the more expensive property– and trading up is all about the difference). If you have children planning to buy their first home or you are a 20 something wanting to buy your first home – you want them to drop. Also, Walsall landlords looking to add to their portfolio will want to bag a bargain (or two) and they would love a drop!
Yet, if you have recently bought a Walsall property with a gigantic mortgage, you’ll want property values to rise. If you are retired and are preparing to downsize, you will also want Walsall property values to rise (because you will have more cash left over after the move). Also, if you, a landlord looking to sell your portfolio or a Walsall home owner, who has remortgaged to raise money for other projects (meaning you have very little equity), you will want property values to rise to enable you to put a bigger deposit down on the next purchase.
So, before I discuss my thoughts on the future, it’s important to look at the past…
This 3 bed semi detached home is situated on Woodbridge Close, Shelfield, Walsall, WS4. On the market with Bairstow Eves (01922 312791). Priced at £100k, but asking for offers over that amount. The full details can be found here.
Are you searching for houses to let in Walsall?
There’s never been a better time to become a landlord in Walsall, with house prices extremely competitive: according to a recent study they’ve fallen by 27% compared to a decade ago. In fact, property prices in Walsall are currently some of the most affordable in the UK.
Plenty of commuters looking to rent a property near Birmingham will choose Walsall as their destination.
At Ashmore Lettings we understand that letting can be a stressful business but with our support you can easily make the most of your property investment in Walsall. Our letting team are true experts on the property market in the West Midlands and know the local area like the back of our hand.
Whether you’re looking to rent, sell or let your home, Ashmore Lettings can deliver a quality bespoke service tailored to your needs.
We have an in-depth knowledge of the property market and will always work hard to attract the best tenants.
We have many properties available to let, which you can explore on our website. As an independent lettings agency, we offer a much more personalised service than larger property groups. Our services include promoting your property online and ensuring it’s marketed properly.
Why not check out our blog for more information?
Don’t know about you but I had heard so much about the new GDPR laws which came into force towards the end of May 2018 that I thought many of my Blog reading friends wouldn’t wish to hear another word on the matter!! On the contrary…I’ve received several requests to clear matters up for you guys especially, around your personal responsibility when it came to staying on the right side of the law.
If you are letting a property in Walsall or indeed the UK for that matter, GDPR for landlords certainly affects you in a few key ways. Before I address these major changes, let’s take a quick look at how we got to this point.
A brief history of UK data protection
In essence, data protection regulation has been enforced in the UK as a way to ensure that businesses and business owners do not abuse or misuse the data of their customers. The purpose is to ensure it is not just used correctly but also stored safely. In the UK, the first Data Protection Act was introduced in 1984.