This one bed roomed apartment is situated at Bridge Lofts, Leicester Street, Walsall, WS1. On the market with Cottons chartered surveyors (0121 396 0665). Priced at £52k, which is a guide price as the property is up for auction on 27/03/2018. The full details can be found here.
A yield of 10.61% was what caught my eye, which is based on an already achieved rent of £460.00 pcm. It really is a steal for anybody wishing to invest as a part of their extensive portfolio or as a first investment. Situated in the heart of the town centre the property is ideal for the single professional.
Walsall is a highly affordable part of the West Midlands, with house prices having fallen by nearly one third since 2007, but nonetheless it’s a town which is on the up. Unemployment figures have fallen and there’s been a great deal of development going on in this area.
If you’re considering becoming a landlord, now is an excellent time to invest in a property in Walsall.
If you need help marketing and letting your property in Walsall, Ashmore Lettings regularly help landlords to make the most of their property in the Black Country. We offer a variety of services to landlord which include a comprehensive property appraisal, advertising and marketing, and attracting the best possible tenants.
We want to help you achieve the best possible return for your property with minimal void loss.
One of Walsall’s most reputable letting agencies, we pride ourselves on offering a first-class service to landlords and tenants alike. Based in the town itself, we know the local area extremely well and can offer all the advice you need on marketing a property.
Read more information on our services for landlords today.
I was recently reading a report by the Home website which suggested that landlords are selling en-masse their buy-to-let investments due to increasing burdens on them in the buy-to-let market. Their findings suggest the number of new properties that came onto the market nationally (for sale) jumped by 11% across the UK as a result.
Those increasing burdens include new tax rules coming in over the next 3 to 4 years and the announcement that all self-managing landlords (i.e. landlords that don’t use a letting agent to look after their buy-to-let property) will soon need to register with a compulsory redress scheme to resolve tenant arguments and disputes; as Westminster wants to heighten standards in the Private Rented Sector.
Interestingly, a few weeks ago I was chatting with a self-managed landlord from Bloxwich, when I was out who didn’t realise the other recent legislations that have hit the Private Rented sector, including the ‘Right to Rent’ regulations which came in to operation last year. Landlords have to certify their tenants have the legal right to live in the UK. This includes checking and taking copies of their tenant’s passport or visa before the tenancy is signed. Of course, if you use a Walsall letting agent to manage your property, they will usually sort this for you (as they will with the redress scheme when that is implemented).
A two bedroom terraced house on a popular newbuild estate approx 1 mile from Walsall town centre, WS2. The property has a very nice spec and is ready to go.
There are one double bedroom and one single bedroom. A fully fitted modern kitchen, a fair sized rear garden and off-road parking. It would be better appreciated by a viewing. The location is within easy reach of all the major road networks, services and other amenities lending easy access to Walsall town centre.
If you’re searching for local estate agents in Walsall, you naturally want somebody who knows this part of the Black Country like the back of their hand.
Walsall is currently a highly affordable area, but with prices rising all over the West Midlands it’s an increasingly excellent place to invest in property.
Whether selling or letting your property in Walsall, look towards Ashmore Lettings for highly experienced local estate agents who offer excellent customer service. Rated highly by our customers, Ashmore Lettings can help you attract quality tenants, negotiate the best possible terms and oversee a tenancy to its smooth conclusion.
Whether you’re selling, renting or need a landlord seeking property management, our team are more than happy to help you make the most of the property market in Walsall.
Highly efficient, our estate agents are constantly looking for ways to improve our service by keeping up to date with the latest trends. We understand that many people are put off using estate agents because they think they will be extortionate, but with Ashmore Lettings, you’ll always enjoy the most competitive fees.
If you’re looking to let your property in Walsall, simply get in touch today.
0345 257 9850.