Welcome to the Sutton Coldfield Property Blog. This is narrative on the property market within Sutton Coldfield and surrounding areas (such as Erdington, Great Barr and Coleshill). Each post will provide you with an insight into the details of the current property market within the local area.
Wednesday, 10 September 2014
Where to buy in Walsall, Street Research
Having let out a few properties in the Walsall Area recently I was intrigued to see the range of value of properties in the Area. I looked at the WS5 postcode for comparisons.
Certainly I was surprised to see that the most expensive street in WS5 was Woodlands Avenue with average house price (since 1995) being £705,148. Not cheap you will agree but certainly not the most expensive within the larger Birmingham Area.
What about the bottom end of the property spectrum, where are the cheaper houses? The answer Acacia Avenue with an average value of £72,309. Well priced and competitive with other areas in the wider Birmingham Area.
Most interesting from the data I discovered was that since 1995 Woodlands avenue has had 34 property transactions out of 35 Residences. Meaning on average each house has had a new owner in the last 20 years. Acacia Avenue however has had only 4 transactions in the last 20 years out of 68 residences. Amazing, people in Acacia Avenue just seem to stay put. We cannot determine why this is, educated guesses can be made, but certainly this will be down to affluence in some form.
With the list of least expensive streets in WS5 I am contacting investors who I know to be operating in that area to see what yields they can achieve. Where would you invest if you were looking at becoming a Landlord? Let me know by contacting me on 0121 321 6090.
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