An abundance of three beds!
We can’t believe our luck with Three Bedroom rental properties at the moment! On with Carter & May is this fantastic three bed situated just outside the ring road within walking distance of Salisbury City Centre and Mainline Station. The property boats neutral decor throughout along with modern fixtures and fittings and good sized rear Garden, the perfect little renter. I would estimate a potential rental value of £875pcm bringing in a respectale yield of 5.1%. Be quick because this one won’t hang around! http://www.rightmove.co.uk/property-for-sale/property-47046471.html
3 bed property just brought to market by unusually both Bassetts and Fox and Sons. Hint: This could indicate that the seller is possibly wanting a quick sale! The property is in excellent decorative order and would make a great BTL with great yield. With a suggested rent of £900 this would give a gross return of over 5% at the asking price. Call either agent quickly as this is likely to sell very quickly.
All you could want from a “step up the ladder” family home in Amesbury. Reasonably priced and in a good area, off road parking and a garage! You even have room for a conservatory if you need a little more room with a modest investment. This property won’t hang around long! Speak to our collegues at Simon Colligan to arrange a viewing.http://www.rightmove.co.uk/property-for-sale/property-64860275.html
Connells have just brought to market this lovely 2 bed flat. I suspect ex local authority but don’t let that put you off. Similar flats in this block have had 999 dating from 1975 (so Only 957 remaining!!). Ground rent and service charges are likely to be £0, and any repairs will be split 4 ways with the other leasees. Insurance generally around £200 pa. If we crunch the numbers, rental will be £700-725pcm giving a very respectable 5.4%. Remember to check lease details with the agent but it means this flat is pretty much Freehold.
Recent statistics published by the Office of National Statistics show that there are 267,704 private rented households in the Country that are occupied by people aged 65 and older, meaning 4.39% of OAP’s are living in private rented property.
It got me thinking two things. How many of these OAP’s have always rented and how many have sold up and become a tenant? In retirement, selling up could make financial sense to the mature generation in Salisbury, potentially allowing them to liquidate the equity of their main home to enhance their retirement income. I wanted to know why these older people rent and whether there was opportunity for the buy to let landlords of Salisbury? Continue reading
We have a number of Tenant Find Landlords who opt not to have Inventories, many whom don’t realise how crucial this step can be when it’s time to check your tenant out. How many tenants leave a property immaculate at the end of their tenancy? Did you know that without a comprehensive Inventory, you will find it difficult to prove the condition of a property when your tenant moved in, therefore finding it incredibly difficult to retain any money from your Tenants deposit when they check-out? Continue reading
Yet another Three Bed… with a twist!
Calling all Developers and Investors alike, this Three Bedroom Property on Ashley Road is in need of refurbishment throughout. For those investors looking for a Buy to Let at a reasonable price, with an estimated rental value of around £850pcm, you could achieve a potential yield of 5.1%. Alternatively, for those developers looking to make a profit, there is a Three Bedroom property on Ashley Road which recently sold with Carter & May for £249,950 meaning there is definitely scope for some profit on this Gem.
The property is currently advertised with Whites, give them a call if this project is of interest to you. http://www.rightmove.co.uk/property-for-sale/property-64793294.html
In my last post, I mentioned that larger properties with a good Yield were hard to find, however this is the second one to have popped up in the last week! Advertised with Austin & Wyatt for £210,000, this property benefits from three good sized Bedrooms, modern Fixtures and Fittings, rear Garden and Driveway Parking. I would expect a rental value of around £895pcm bringing in a potential Yield of 5.1%. http://www.rightmove.co.uk/property-for-sale/property-44220534.html
A typical pre war 1930’s semi detached property – a family home. Ideal as a buy to let or a owner occupier. This house would rent for around £1000 pcm giving a yield of approx. 4.5% based on the current asking price. Would benefit from some updating before letting to achieve the highest rental price. This property would probably return a better than average capital growth due to its location and age. Speak to Hampton International in Salisbury to arrange a viewing.
My first guest article by Adam Nanson, Director of You Mortgage Expert, I hope you enjoyed his insight into BTL Gearing!
We often get asked by property investors how they can help maximise the return on their property investment. Whether you’re an investor who has just one or two properties or you own a wider property portfolio, you might be wondering whether expanding the number of properties you own might make financial sense.
Adam Nanson, Managing Director of Your Mortgage Expert, who has over 15 years working in the mortgage industry, talks about how and why investors can expand their range of properties and potentially earn more return. Continue reading