Newport Pagnell project - £215k, needs modernising, yield of 5% after refurbishment

Our find today is in need of some 'TLC' shall we say - this is definitely a timewarp property, with hints of 70's style and décor, but nothing that can't be sorted within a month....

 

 

 

 

 

 

 

If nothing else, the main structure and fabric of the building seems to be in order, with updated UPVC windows and gas to radiator central heating, but of course don't take for granted that this all works efficiently (or even at all). I would certainly consider as a minimum the following works:

 

 

- Full repaint

- Complete new flooring

- New kitchen

- New bathroom & WC including hiding the ugly pipework

- Full electrical inspection

 

 

With a good builder on side (we have a number of these on our books, reasonably priced and they do a great job) and 4 weeks of your time, you will see change from £15k for the above schedule of works, but of course there could also be hidden horrors to discover or extra remedial work worth attending to while you have the house in pieces.

 

 

 

 

 

 

On the market for a very reasonable £215k, I would imagine the house to be worth £235k when completely updated to a modern standard, so there is immediate capital growth to be had, not only that but you will future proof the property and find it much easier to let over the coming 5-7 years without any significant further expense. As for the rental value, I would pitch this between £950-995 PCM when it goes onto the market, and given that it sits pretty much 100 metres away from and opposite a fantastic secondary school, this will be snapped up by local families who wish to stay for a good few years, ensuring long tenure, no re-letting fees and a steady income stream.

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-59083709.html

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.

 





miltonkeynes.enquiries@belvoirlettings.com

Cash buyers only - Old Stratford maisonette, £120k with 6.3% gross yield

Small yet perfectly formed, this 1 bedroom ground floor maisonette would make a fantastic starter property or nice addition to any portfolio, with ongoing high demand for similar rental properties locally.

 

 

 

 

 

 

 

Offered for sale at £120k cash only, this is because the lease will be too short to be able to mortgage against, likely to be around 60 years or so. For a canny cash buyer though, this could be a lovely little gem that could be smartened up for just a few thousand pounds, with the addition of more modern kitchen units, some new white goods, maybe look at the bathroom (no photos of this) and a quick lick of paint. With UPVC double glazed units already installed and a gas supply also connected, it is virtually all in place already, just needs a slight cosmetic lift.

 

 

 

 

 

 

 

On the rental market right now, this would easily rent for £625 PCM, maybe even up to £650 PCM if literally everything was sorted including fitting an efficient gas boiler. This would yield at least a 6.3% gross return, far better than having the cash in the bank - plus, do look into the price of renewing the lease, because it could well be viable and would certainly add to the resale value in the future when you come to dispose of this.

http://www.rightmove.co.uk/property-for-sale/property-53808139.html

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.

 





miltonkeynes.enquiries@belvoirlettings.com

Right property, right location - Walnut Tree 2 bed semi, £215k with 5% yield

This is such a good location in which to invest in a smaller family home, and this particular example looks ready to let as it is.....

 

 

 

 

 

 

 

Located on Walnut Tree, within easy walking distance of 3 schools, a vast range of shops, a Doctors surgery and pharmacy, and with gas central heating and a huge garden, this property is calling out to young families or couples wishing to have children shortly. Long term capital growth is the real benefit of this property, as it will ALWAYS be popular and in great demand from tenants, so if it is kept in good order it will never be without a paying tenant family, as this location is a magnet for them with so much to offer.

 

 

 

 

 

 

 

The asking price of £215k seems reasonable given the condition of the property but try to get a little knocked off, as we have now passed the mad rush to beat the stamp duty deadline for purchasers of a second or investment property, but with a rental yield of 5% at £895 PCM today, this at least represents a good return and in a fairly safe location when it comes to future rental potential. Why do I say that - because literally over the road is The Open University which employs thousands of people, many of whom are new to the area and want to be close by in a decent property. There is also excellent road access via the A5, A421 and M1 all located very close by, along with numerous other great local employers with world class reputations, such as John Lewis at Magna Park, Red Bull Formula 1 racing team at Tilbrook and Mercedes Benz Finance at Caldecotte to name but a few.

http://www.rightmove.co.uk/property-for-sale/property-53679751.html

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.

 





miltonkeynes.enquiries@belvoirlettings.com

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.

 

 

 

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-53511370.html

 

 

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.

 

 





 





miltonkeynes.enquiries@belvoirlettings.com

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.”

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.

 

http://www.rightmove.co.uk/property-for-sale/property-53446627.html

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.

 

 





 





miltonkeynes.enquiries@belvoirlettings.com

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

 

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-40525386.html

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.

 

 





 





miltonkeynes.enquiries@belvoirlettings.com

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.

 

http://www.rightmove.co.uk/property-for-sale/property-52603288.html

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.

 

 





 





miltonkeynes.enquiries@belvoirlettings.com

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.

 

 

http://www.rightmove.co.uk/property-for-sale/property-52427731.html

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.

 





miltonkeynes.enquiries@belvoirlettings.com

Watling Manor stunning new build 2 bedroom apartments, buy off plan for June completion

We have championed this new West Flank development in Milton Keynes long since before the ground was broken, and today we are proud to be able to offer our readers a look at the latest stock offerings from David Wilson Homes, a range of stunning and spacious 2 bedroom apartments and coach houses to buy off plan today for June completion, in the beautiful new neighbourhood of Fairfield, just a few hundred metres south of the historic market town of Stony Stratford.

http://www.dwh.co.uk/new-homes/milton-keynes/H704501-Watling-Manor/

The latest release consists of a range of 2 bedroom apartments, most with 2 bedroom & 1 bathroom and high end interior finish, white goods to include cooker, hob, washing machine and dishwasher, allocated residents parking, lockable bike stores and much more, all available from £235k in Stratford House and Watling House. Also available is a more spacious version of the same apartment with an en-suite bathroom and separate dressing room available to the master bedroom, these will retail for £260k. A third variant is the Wincham coach house, effectively a 2 bedroom 1 bathroom detached apartment sat across the top of the entrance to the private parking and bike store, cost for this is £250k and there are extremely limited number of these units on site so will be snapped up quickly.

So as investments how do they stack up? All include a 2 year on site customer service call out to help with snagging and minor inconveniences that your first tenants identify, 10 year NHBC guarantee, are highly energy efficient with low energy lighting and gas combi boilers, and will generate a gross yield of between 5.3-5.6%. Buildings insurance is included within the annual charges and all come with brand new 125 year leases. With the benefit of a modern, well designed development, these new homes are the first green shoots of a brand new community which will soon start to flourish as shops, schools and communal spaces come online later this year. The nearest existing local town centre is Stony Stratford which is just 5 minutes walk away, and here you can find everything you need for daily living.

As a local partner to David Wilson Homes, we are working closely with them to market and manage these properties on behalf of buy-to-let investors, so if you would like to talk to us and find out more, call Chris on 01908 562582 at Belvoir, or go to direct to the sales office on site and speak to Lucy Sutherland from David Wilson Homes to register your interest.

If you struggling to find a high quality new build buy-to-let property investment 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 new build investment properties that we could introduce you to or to ask about our thoughts on your own investment choices, call us now or send us an email.

 

 





miltonkeynes.enquiries@belvoirlettings.com

Smart family home in Bletchley, £225k with 5.3% yield

Looking for a 'ready to let' affordable family home as your next property investment, if so then this could be for you........

 

 

 

 

 

Located in West Bletchley on the very popular and established Sutherland Grove, with virtually nothing to do to it except sort out the legal compliances that are required, this could be turned around and rented in no time to a family wanting their children to attend the local schools. The asking price of £225k is completely reasonable in today's market for such a property in this condition, and this would comfortably rent for around £995 PCM to a long term tenant family.

 

 

 

 

 

 

We never have enough property to rent in this area, yet demand is always strong as there are numerous schools and facilities specifically aimed at families around here. With virtually nothing to spend on preparation, your costs will be kept in check here, and for a house of this size the price represents great value for money and would be a safe property in which to invest for long term capital growth.

 

http://www.rightmove.co.uk/property-for-sale/property-39882891.html

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 on 01908 562582 and get your name put on our Premier Investor list or send us an email.

 

 







miltonkeynes.enquiries@belvoirlettings.com

Modern apartment, Central Bletchley opposite the leisure centre, £160k with 5.4% gross yield

Looking for a modern apartment with great train connections but don't want to break the bank? Have a look at this property.......

 

 

 

 

 

 

Located just 3-4 minutes walk from Bletchley train station, and located very close to the centre of town and directly opposite the new leisure centre, this property offers quite a lot for the money - a beautifully specced kitchen and bathroom, spacious rooms, 2 (yes 2!) balconies and allocated parking for 2 cars. Sure to appeal to young professional tenants, maybe they work in London and take the train, or they could be locals who want a town centre pad and all the high specification trimmings.

 

 

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-39771198.html

 

 

 

With an asking price of £160k, this would rent today for at least £725 PCM if not a little more, that equates to a decent 5.4% gross yield, so definitely ask the vendor about lease length and maintenance charges, and ask if there is also a tenancy in place as this is not clear from the advertisement but could be implied to be the case.

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.

 

 





miltonkeynes.enquiries@belvoirlettings.com

Simply stunning! Crownhill 2 bed house, £185k, 5.5% yield

Houses in this condition are rare, and at this price it really won't be around for long and will make a fantastic buy-to-let investment.....

 

 

 

 

 

 

 

On the established Crownhill estate, this area has seen a resurgence of demand in the past few years, as there are excellent schools and new shopping facilities locally now, along with a huge new residential development about to come online just across the road, and this is not only lifting prices but injecting a bit more life into this erstwhile sleepy estate.

 

 

 

 

 

 

The property needs virtually nothing doing to it in order to hit the rental market, and at £185k represents true value for money. Rental values around here would see this achieve at least £850 PCM which is a 5.5% yield, and remember this is a freehold house in top condition, just screaming out to professional tenants to come and live here. I haven't seen one this nice for a while, they are typically owner occupied hence the money spent on internal fittings is substantially more than a typical landlord would spend on a rental property, and it is small details like this that will elevate it above its peers.

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-39880122.html

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.

 

 





miltonkeynes.enquiries@belvoirlettings.com

Even better value - Bletchley 3 bed reduced to £220k, potential 5.4% yield

We recently showed this property in our blog, and I have recently visited it with an investor. Today I can tell you that it is reduced by £10k to £220k and is offered WITH NO CHAIN but tenants in situ, more about them in a moment......

 

 

 

 

 

 

This 3 bed end terraced home has been usefully extended, and has a modern bathroom and kitchen, good size bedrooms and a huge rear garden, all the things a young family will need. There are a number of great schools locally as well as local shops and facilities, and with a rental value on todays market of around £995 this yields a 5.4% financial return, and will always appeal to families in the future so will continue to rent well throughout it's life.

 
However, we now know that the tenants that have lived there for a number of years (and they keep the place spotless and tidy and would like to stay on) are about to have another baby, and probably cannot afford the sudden increase in rent from the lowly £800 PCM the current owner is charging them. As such, you may wish to accept an increase mid-way between both values, or you may feel the need to issue notice and re-market the property at the correct current rate, or some other combination in agreement with the tenants. It just needs a little paint and plaster repair and some very minor bits and pieces here and there, the reason for such a low rent currently is that the owner has lost interest and just wants to sell this, and is no longer prepared to spend time or money on it having owned it for many years.

 

 

 

http://www.rightmove.co.uk/property-for-sale/property-52679398.html?premiumA=true

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.

 

 





miltonkeynes.enquiries@belvoirlettings.com

Beautiful in Broughton! 1 bed apartment with new tenants in place, £149k with 5.6% gross yield

This apartment is one of our own rental stock, and our long term client now wishes to sell this and release the capital. In order to make this an interesting and attractive proposition, this is being sold with a new tenant in place, includes all white goods and chattels as supplied in the inventory and is in top condition throughout.

 

 

 

 

  

With an asking price of £149k, and a new tenant paying £695 PCM, this currently shows a 5.6% gross yield, and there is scope for a higher rental income in the future by adding some basic furnishings and potentially achieving around £750 PCM for any future tenancy. I can tell you that this property always lets quickly and to high quality, young professional tenants as it is so well suited to that particular market demographic. Internally it is in fantastic condition, very spacious, has a nice balcony with a view, and sits on it's own with just 1 apartment per floor in the block of 3 residences - being on the second floor, nobody else ever comes up this far, so effectively you have a private penthouse apartment. It comes with an allocated parking space in the private car park to the rear, and the lease remaining is 113 years as of 2016.

 

 

 

 

 

This is not on the open market, so do speak to us if you would like to know more details or to arrange a viewing. It won't be around for long at this price and specification, the new tenant even enquired about potentially purchasing this himself later in the year, so don't hang about and miss this great little starter property.
 

 

 

 http://www.belvoir.co.uk/staverton-grove-broughton-milton-keynes/61675

 

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.

 

 





miltonkeynes.enquiries@belvoirlettings.com