Thursday 31 March 2016

Stunning Kingsmead 2 bed apartment, £210k with 5.3% gross yield

How nice is this apartment - just look at the space available and the features on offer.....
 
 


 

When did you last see such an apartment as this - good sized rooms, its own garden, parking space AND garage, and in a quiet setting right on the edge of town yet just 5 minutes drive to the centre or Central Milton Keynes train station. With a price of £210k, it certainly is good value today, and with an expected rental income of at least £925 PCM it could return its new owner a 5.3% gross yield.
 
 
 
 
 
 
 
Such a high quality property would be sure to attract professional tenants in a higher income bracket, and even young couples just starting out or with a child would be well accommodated here, with the private outside space and great internal layout.
 
 
 
 
 
 
 
 
 

If you struggling to find anything decent on the property market and need a little help finding potential bargains like the one above, speak to us about how we can keep you appraised of the latest opportunities before the rest of the pack. For more information about other potential investment properties that we could introduce you to (such as ready tenanted properties for sale by our existing landlords), or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or send us an email.
 
 





 



Thursday 24 March 2016

Award for Milton Keynes letting specialist Belvoir

Milton Keynes business owner Stephen Tunney has won a top award in an annual scheme recognising high achievers within Belvoir’s UK network of over 160 residential property specialists. Stephen, whose Belvoir office is at 13 London Road, Stony Stratford, received the award for ‘Best Office in the East Midlands Region’ at an annual presentation at Coombe Abbey in Coventry. The honour holds special significance for Stephen and his team since all nominees and the eventual winner are selected by a voting system amongst peers at other Belvoir offices within the region.

 
Belvoir Chairman and Chief Executive Officer Mike Goddard, who presented the award, said: “This is deserved recognition for a well run and successful office. Stephen set up his business nearly 20 years ago and he and his team have worked hard to establish a great reputation in the local property market.” After collecting his award, Stephen, who enjoyed a long and successful career in the RAF before moving into property management, said: “It’s a real honour to be nominated by fellow property professionals and it’s typical of the team spirit engendered within the Belvoir ‘family’. 

 
“My own team strives to offer a service personal to every client.  We have landlords that have been with us for a long time because they know they can trust us and the decisions we take on their behalf. This award is as much for them as for us and I thank them for their on-going support.”

 

   

Mike Goddard added: “In 2015 Belvoir celebrated 20 years of growth and success and just two weeks ago we were also listed as one of the top 1000 ‘most inspirational’ companies in Britain by the London Stock Exchange Group. “We owe all of this to franchise owners such as Stephen whose commitment to provide the highest standards of professionalism have helped build a progressive and successful business.”

Friday 18 March 2016

Two Mile Ash 2 bed project - £175k with up to 5.7% gross yield

Today we have a project for you, described by the agent as "offered for sale with no upper chain and scope to put your own stamp on it".
 
 
 
 
 
 
 
With no internal photos and just 1 one external photo (and that's of the rear which doesn't look up to much), it tells me this property is in need of significant updating, and the price confirms that. Consider that this property would need replacement UPVC double glazing, a full redecoration, sort out the garden, fit a new kitchen and bathroom and maybe the boiler changing for a combi (although this can be inspected and tested before contracts are signed so you will know what you are getting in to). At £175k it's a fair price for what could be worth in the region of £210-220k when refurbished, yet the cost to achieve this would be around £17k as an estimate, and we could help you manage the transformation and project with quotes for all trades, arranging access for contractors, helping to specify the finish and having it fully cleaned and compliance checked ready for the next tenancy.
 
 
If refurbished to a modern standard, and presented in a clean and fresh manner, we would expect it to achieve around £825 PCM at this time, if not a little more. Smaller 2 bed homes such as this are in great demand, and form the bedrock of the property rental market in Milton Keynes, with a constant 70,000 + searches on Rightmove every month for such properties. With great local schools, excellent road links and a decent, family friendly neighbourhood, this house would make a perfect long term investment - buy it today at a discount, invest in a refurbishment and sit and reap the rewards for the next 5-6 years before needing to worry about further work.
 




If you struggling to find anything decent on the property market and need a little help finding potential bargains like the one above, speak to us about how we can keep you appraised of the latest opportunities before the rest of the pack. For more information about other potential investment properties that we could introduce you to (such as ready tenanted properties for sale by our existing landlords), or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or send us an email.
 
 


Thursday 10 March 2016

Extended 4 bed house, West Bletchley, £240k with 5.5% yield

How about an extended home now, they say up to 5 bedrooms but realistically it is 4 bedroom with a separate reception room.........
 
 
 
 
 
 
Originally a 3 bed semi with a garage, the garage been converted to a bedroom with a linked downstairs WC (possibly a 'granny annex'), an extended kitchen and another room which could be a small bedroom/office/dining room have also been added to the rear. In reality, this makes an interesting space for growing families, as they can have a children's play room or TV room along with guest accommodation or a teenagers bedroom and WC to the rear of the building.
 
 
 
 
 
 
With an asking price today of £240k, it represents fair value for such a large house, and being in the catchment of good primary schools really will appeal to the family market. This street is very well established and has a good reputation locally, and is part of the Scots Estate within West Bletchley, a safe and friendly environment in which to bring up children. With shops and services all just a few streets away, along with well served public transport links and leisure close by, it makes a strong case for itself to family oriented tenants. This would rent today for around £1100 PCM, a decent 5.5% return for a savvy investor, so do get along and have a look at the rest of the property to see how it all measures up
 
 
 
 
 



If you struggling to find anything decent on the property market and need a little help finding potential bargains like the one above, speak to us about how we can keep you appraised of the latest opportunities before the rest of the pack. For more information about other potential investment properties that we could introduce you to (such as ready tenanted properties for sale by our existing landlords), or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or send us an email.
 
 


Monday 7 March 2016

Let the train take the strain - Bletchley Park 3 bed house, £235k with 5.4% yield

How about this lovely 3 bed family sized home, within walking distance of the west coast main line station at Bletchley, and built on the prestigious Bletchley Park development - what an address!






 
For sale right now at £235k, we would expect this to rent for around £1050 now that we are in a strong new year market with lots of activity. Offering space for a family and also great transport links, something like this won't hang around for long, so don't delay and make an appointment to view this. We can't comment on the internal condition as there are no photos at this stage, so do ask if there is already a tenancy in place and if so look at the terms, current rental amount and take good note of the condition of the property and any outstanding repairs or maintenance.


 



If you struggling to find anything decent on the property market and need a little help finding potential bargains like the one above, speak to us about how we can keep you appraised of the latest opportunities before the rest of the pack. For more information about other potential investment properties that we could introduce you to (such as ready tenanted properties for sale by our existing landlords), or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or send us an email.
 
 


Thursday 3 March 2016

Family home, budget price! Oldbrook nice 3 bed house, £220k with at least 5.4% yield

You don't always have to spend a King's ransom to pick up a decent rental property, some need a bit of TLC and are offered at a sensible price, today we have one such property.....
 
 
 
 
 
 
With no internal photos, this tells me it is either already rented, or it needs some work, so do investigate further and arrange an internal viewing. With many schools located within a very short walk, easy access to Central Milton Keynes by foot, the mainline train station just 8 minutes walk away, and decent internal specification, this would make a good family home for long term tenants. Offered for sale at £220k today, even if you had to invest further to improve or refurbish, this would repay itself in the long run as the area is suitable for a family with all facilities they require on the doorstep. Rented today in good clean condition, this would achieve at least £995PCM (a 5.4% yield), maybe more if the quality and space is attractive and appeals to growing families, but remember it is all subject to internal viewings. With a garage and driveway, en-suite bathroom & downstairs WC, this appears to have what a family would want, so don't delay and speak to the agent before the next investor grabs the opportunity.
 
 


If you struggling to find anything decent on the property market and need a little help finding potential bargains like the one above, speak to us about how we can keep you appraised of the latest opportunities before the rest of the pack. For more information about other potential investment properties that we could introduce you to (such as ready tenanted properties for sale by our existing landlords), or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or send us an email.