Thursday 25 August 2016
2 bedroom apartment in Broughton with a 5.8% gross yield
This very tastefully presented 2 bedroom top floor apartment is on the market currently for £185k, in the popular area of Broughton, giving great access to the M1, with no upper chain.
This would definitely appeal to a young professional tenant, and also would be attractive to a relatively new investor or portfolio landlord, as it appears to be ready to go straight out of the box and to be marketed straight away at around £900, giving a decent return with a 5.8% gross yield.
If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send us an email.
Tuesday 23 August 2016
2 bedroom house in Furzton with potential tenants in situ £199,995
Today we have this delightful 2 bed mid-terrace home in Furzton, on sale for £199,995, with easy access to the M1 for commuters and yet still within close striking distance of Central Milton Keynes.
This property is ideal either for a first time investor or a seasoned investor, as the tenant is keen to stay in the property, so could come with a tenant already in situ. We are not sure what rent the current tenant is paying, so it is worth checking this, however we believe you would be able to achieve between £825pcm and £850pcm. This would provide a gross yield of between 4.9% and 5.1%. Looking at the decoration, it would appear that minimal work is needed and void periods would be at a minimum as Furzton is a desirable location amongst tenants. Worth a look at.
If you are thinking of getting into the property rental market as a new investor and don't know where to start or what to look for locally, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or email us on miltonkeynes.enquiries@belvoirlettings.com
Friday 19 August 2016
Perfect for Sharers - 2 bedroom, 2 bathroom apartment with a potential 5.9% yield
Some properties are just made to suit their purpose exactly, and this one is calling out for 2 professional sharers with its 2 double bedrooms and 2 bathrooms, located in Broughton with fantastic access to the M1 for busy commuters.
This immaculately presented apartment is on the market for £200k and with the pristine kitchen and bathroom and gas central heating, there appears to be minimal work to do here. Though I would recommend giving the balcony a little clean, before having new tenants move in.
We would looking at renting this apartment out for between £950pcm and £995pcm, which would achieve a health gross yield of between 5.7% and 5.9%. With the location and standard, there would be minimal void periods as we always have a high demand for this type of property.
If YOU want to be the first to know about what would make a great Buy To Let investment that is currently available either on the open market or via our own sources (landlord to landlord sales etc), call us now and get your name put on our Premier Investor list on 01908 562582, pop through the door of our offices on London Road in Stony Stratford or send us an email.
Thursday 18 August 2016
2 bedroom apartment in Ashland with a potential 5.8% gross yield
Todays deal is quite a nice apartment in the newly redeveloped area of Ashland - for those not local to the area, there used to be a greyhound racing track here and it used to host a huge Sunday market, but it was all removed, landscaped and redeveloped starting around 10 years ago, and new build continues to this day.
This 2 bedroom flat appears to be of good decorative order, but with limited details available, a viewing is a must. However with allocated parking and being positioned within easy reach of Central Milton Milton Keynes and Bletchley, this apartment would appeal to the young professional. For sale at offers in excess of £185k and with a projected income of £900pcm, you would be looking at a potential gross yield of 5.8%.
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 15 August 2016
Great starter home, 1 bed house on Peartree Bridge for £155k, a gross yield of 5.4%
This one bedroom semi detached house could be a nice little addition to any portfolio, or a great way to get on to the buy to let property ladder, as these properties are always popular with young professionals.
This immaculately presented 1 bedroom house has everything a young professional tenant would require, including allocated parking and a communal garden. It is located within close proximity to the Milton Keynes centre, MK hospital and excellent transport links such as the M1 junction 13 and 14, the A5 and MK central train station. For sale today at £154,995, we would happily put this straight onto the rental market with just a quick clean and some white goods in place for at least £700 PCM, which would return a gross yield 5.4%.
This immaculately presented 1 bedroom house has everything a young professional tenant would require, including allocated parking and a communal garden. It is located within close proximity to the Milton Keynes centre, MK hospital and excellent transport links such as the M1 junction 13 and 14, the A5 and MK central train station. For sale today at £154,995, we would happily put this straight onto the rental market with just a quick clean and some white goods in place for at least £700 PCM, which would return a gross yield 5.4%.
If you really can't find what you are looking for on the property rental market and need a little help finding gems 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 11 August 2016
Excellent apartment for professionals, £190k in Walton
If you want really good, professional tenants, you should consider buying in an area where they might also work, and our offering today is located on Walton, a very nice area within the MK7 postcode.
For sale today a 2 bedroom apartment that is situated in close proximity to Red Bull Racing, The Open University or Mercedes Benz Finance, making it a really strong option as it would rent really fast to professional tenants moving to the area to work for these brands. The location and the high quality new build development means that you can ask a premium for the rental, which would be around £925-950pcm here. With the asking price set at £190k, this would achieve a yield of around 6% gross, and it will always attract a higher quality tenant in the future, so don't worry about the property being looked after and kept in good order - have a look at the internal finish in the photos and you can see why this would be very attractive to a tenant, and why you should be giving this some serious thought.
For sale today a 2 bedroom apartment that is situated in close proximity to Red Bull Racing, The Open University or Mercedes Benz Finance, making it a really strong option as it would rent really fast to professional tenants moving to the area to work for these brands. The location and the high quality new build development means that you can ask a premium for the rental, which would be around £925-950pcm here. With the asking price set at £190k, this would achieve a yield of around 6% gross, and it will always attract a higher quality tenant in the future, so don't worry about the property being looked after and kept in good order - have a look at the internal finish in the photos and you can see why this would be very attractive to a tenant, and why you should be giving this some serious thought.
If you are thinking of getting into the property rental market and don't know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or pop along and speak to us in person at our offices in Stony Stratford.
Tuesday 9 August 2016
One bed cluster house in Furzton, 5.2% gross yield
One bed cluster houses are always popular with young professionals who have just left university or a young couple looking for their first house. Today we have a 1 bedroom house in Furzton which is sure to be snapped up at only £165,000, with no upper chain.
This property appears to be in good decorative order with a recently fitted kitchen and bathroom so a new tenant could move in straightaway. These properties are in high demand, and with its own garden and off road parking it wouldn't stick around for long. It would look to achieve £725pcm, which would leave a healthy gross yield of 5.2%.
This property appears to be in good decorative order with a recently fitted kitchen and bathroom so a new tenant could move in straightaway. These properties are in high demand, and with its own garden and off road parking it wouldn't stick around for long. It would look to achieve £725pcm, which would leave a healthy gross yield of 5.2%.
If you really can't find what you are looking for on the property rental market and need a little help finding gems 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 8 August 2016
Modern living in Broughton, 2 bedroom apartment 5.4% gross yield
Properties in Broughton are in high demand due to their proximity to Kingston, the M1 and Central Milton Keynes, and this two bedroom apartment should be no exception, with a asking price of £199,950.
There is always high demand in this location as it has a modern, energetic vibe and acts like a magnet for the younger generation who tend to move with their employment, so do expect a certain level of 'churn' here. This property appears to generally be in a good condition, but looks like it could do with a carpet clean and light redecoration. After this is completed, I would expect a rental figure of £900pcm to £925pcm, which would show a gross yield of between 5.4% and 5.5%.
There is always high demand in this location as it has a modern, energetic vibe and acts like a magnet for the younger generation who tend to move with their employment, so do expect a certain level of 'churn' here. This property appears to generally be in a good condition, but looks like it could do with a carpet clean and light redecoration. After this is completed, I would expect a rental figure of £900pcm to £925pcm, which would show a gross yield of between 5.4% and 5.5%.
If you are thinking of getting into the property rental market as a new investor and don't know where to start or what to look for locally, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01908 562582 or email us.
Thursday 4 August 2016
Greater starter home! 1 bedroom maisonette in Old Stratford £130k
Smaller properties are very popular with the working professional
and this one bedroom maisonette should be no exception. Situated close to the primary school, it would be perfect for a teacher.
This ground floor 1 bedroom maisonette offers all that
one might need, whether for a single professional or a young couple looking to
start out with their first little home. A modern kitchen and bathroom, with a good sized front room will ensure this attracts the right kind of tenant,
and whenever we have such properties they don't stay on the market for very
long at all, demand just never drops off for entry level properties. The rental
value today would be around £650 PCM, so at a purchase price of £130k with a
long lease in place, this would represent a gross yield of 6%. I would
expect this to re-let each time with no real problem, and at this level of the
market there are always tenants looking, so don't worry about the size of any
future market with this one.
If you are one of the hundreds of investors reading this
blog daily, why not take the next step and give us a call to see how we could
assist you in your search for potential investment properties - or to ask about
our thoughts on your own choices - call us now on 01908 562582 to
see how we can help, or send us an email.
Wednesday 3 August 2016
Grange Farm, 2 bedroom apartment 190k with a 5.8% yield
Another day,
another good investment opportunity, this time it is a ground floor two
bedroom apartment in the sought after area of Grange Farm.
For sale
today at the price of £190k, this great apartment would be very sought after by
some of the many employees of Santander on Shenley Wood or possibly a teacher
at one of the 3-4 fantastic local schools, so you would get a young professional
person or couple who are looking for a modern property with minimum fuss. We
would be happy to offer this on the rental market right now for around £925pcm
subject to seeing the internal condition and specification, but if it achieved
that rent you could enjoy a gross yield of around 5.8% which is fantastic in
the current climate. Don't delay and get along to see this as soon as you can,
it won't hang around for long and someone else will be enjoying the rewards.
If you
really can't find what you are looking for on the property rental market and
need a little help finding gems 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.
Tuesday 2 August 2016
Brexit Property Crash? .... More like a soft landing claims Nationwide
Property Eye has recently reported that according to the Nationwide house prices continued to rise 0.5% in July and up by 5.2% annually. Although their chief economist, Robert Gardener, warns that demand could still fall.
"This is the first month's data following the EU referendum. However, it is important to note that, in constructing the index, we use data at the mortgage offer stage, this means any impact from the vote may not be fully evident in July's figures, as there is a short time lag between a buyer making the decision to purchase a property and applying for a mortgage."
"It would be tempting for commentators to assign any trends in the coming months to the impact of the referendum. Housing market transactions were always likely to soften over the summer after the surge in activity in March, as buyers bought forward purchases of second homes to avoid the Stamp Duty levy, which took affect in April."
Commentators and speculators all have differing opinions of how much impact the referendum will have overall but as a result of the tax changes on Buy to Let's and uncertainty over the economy there will inevitably be an overall softening of the housing market.
The lack of supply and Estate Agents stock levels already being so low has lead to more of a 'soft landing' than a full blow crash. The same is very much true for Lettings, new investment landlords are being generally cautious about buying properties until they see how prices fair and tenants are tending to stay to see how much rents will rise or fall, all leading to a lack of supply in the rental sector. This continued lack of supply will inevitably lead to a continued rise in rents and house prices as demand continues to outstrip supply.
This has been backed up by The National Association of Estate Agents' whose June housing market report found 57% of agents reported a drop in demand and 58% saw supply fall in the week following the vote. However, agents remain positive, predicting this would level out over July.
Mark Hayward, managing director of the NAEA, said: "In periods of extreme political and economic uncertainty, the housing market will always respond.
" We remain upbeat and need others in the industry to do so as well. The new housing minister confirming his commitment to building a million new homes will be encouraging for many buyers, especially those looking to buy their first home. Hopefully we should soon see housing market confidence bouncing back to the levels pre-brexit."
"This is the first month's data following the EU referendum. However, it is important to note that, in constructing the index, we use data at the mortgage offer stage, this means any impact from the vote may not be fully evident in July's figures, as there is a short time lag between a buyer making the decision to purchase a property and applying for a mortgage."
"It would be tempting for commentators to assign any trends in the coming months to the impact of the referendum. Housing market transactions were always likely to soften over the summer after the surge in activity in March, as buyers bought forward purchases of second homes to avoid the Stamp Duty levy, which took affect in April."
Commentators and speculators all have differing opinions of how much impact the referendum will have overall but as a result of the tax changes on Buy to Let's and uncertainty over the economy there will inevitably be an overall softening of the housing market.
The lack of supply and Estate Agents stock levels already being so low has lead to more of a 'soft landing' than a full blow crash. The same is very much true for Lettings, new investment landlords are being generally cautious about buying properties until they see how prices fair and tenants are tending to stay to see how much rents will rise or fall, all leading to a lack of supply in the rental sector. This continued lack of supply will inevitably lead to a continued rise in rents and house prices as demand continues to outstrip supply.
This has been backed up by The National Association of Estate Agents' whose June housing market report found 57% of agents reported a drop in demand and 58% saw supply fall in the week following the vote. However, agents remain positive, predicting this would level out over July.
Mark Hayward, managing director of the NAEA, said: "In periods of extreme political and economic uncertainty, the housing market will always respond.
" We remain upbeat and need others in the industry to do so as well. The new housing minister confirming his commitment to building a million new homes will be encouraging for many buyers, especially those looking to buy their first home. Hopefully we should soon see housing market confidence bouncing back to the levels pre-brexit."
Monday 1 August 2016
Newport Pagnell, Lovely two bed mid terrace, £200k with a 5.2% yield
Seems like barely a day goes by, when a good opportunity comes up in
Newport Pagnell. This two bedroom mid terrace house with a garage has just come
on to the market at £200k!
With a garage, this represents fair value for money and would rent well to a professional couple or a small family for between £875pcm and £900pcm, which would represent a healthy yield of between 5.2% and 5.4%. The property appears it may be in need of a quick lick of paint, but otherwise generally in a good condition, which would allow for new tenants to move in fairly quickly.
If you are one of the hundreds of investors reading this blog daily, why not take the next step and give us a call to see how we could assist you in your search for potential investment properties - or to ask about our thoughts on your own choices - call us now on 01908 562582, or pop along to our offices for a more detailed chat about your requirements and how we can help you.
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