Partridge Way, Old Sarum, Salisbury – £175,000

‘A great first time buyer home’ in the words of Fox & Sons, the advertising agent, although i think this property would make a cracking BTL!

Old Sarum is an increasingly popular area for both tenants and owner occupiers, soon to be even larger once the Longhedge development is completed!

This property has been recently redecorated throughout and boasts driveway parking for two cars along with its own private garden and views across the park to the rear. Accomodation comprises large Lounge, Kitchen, one double Bedroom, one single Bedroom and family Bathroom.

I would estimate a rent of around £750pcm, meaning a potential yield of 5.1%!

http://www.rightmove.co.uk/property-for-sale/property-60141238.html

Fotherby Crescent, Salisbury – £130,000

Have you spent your Bank Holiday Weekend in front of ‘Homes under the Hammer’? Are you now considering being a Landlord? This could well be the property for you!

This cracking one bedroom property, situated on the edge of the popular Bishopdown area is ‘deceptively spacious’ in the words of Fox & Sons, the advertising agent. The accomodation comprises large Lounge, seperate fitted Kitchen, large Double Bedroom and seperate fitted Bathroom. The property also benefits from its own private rear garden with outbuilding. There is 125 years remaining on the lease.

With a lick of paint, this could be a fantastic starter BTL! I would estimate a rental value of around £600pcm, meaning you could be looking at a potential yield of around 5.5%! Of course the £10 per annum Ground Rent and £150 per annum service charge including buildings insurance will effect this slightly! http://www.rightmove.co.uk/property-for-sale/property-60095167.html

 

Hard Brexit could cause 9,602 properties to be dumped onto the local Property market

So all cards up in the air! A general election will be on the books, but one thing is for sure … whoever gets the job to deal with Brexit has a hard job on their hands (I’m just glad its not me!) As it currently stands, by not assuring the rights of EU citizens in the UK, Theresa May has squandered an opportunity to give peace of mind to our EU co-workers working and living in Salisbury (and the rest of the UK). No.10 Downing Street’s point of view is that in promising the rights of EU citizens in the UK, it will postpone the same guarantee to the 1.5 million UK citizens living in the other nations of the EU.

Putting aside the politics for one second, the simple fact is now Article 50 has been triggered, we have two years to make a deal with the EU; otherwise it will be a ‘hard Brexit’. Now you might not think a hard Brexit will affect you in your home in Salisbury … but nothing could be further from the truth. Continue reading

Reduced! Churchill Court, Wilton – £145,000

Recently reduced, this two bedroom flat offered to the market with vacant posession. Accomodation comprises Living/Dining Room, Kitchen, two double Bedrooms and Shower Room with seperate WC. With a lick of paint and some new carpets, this would make a cracking BTL.

Fox & Sons, the advertising agent for this flat, are currently advertising a similar flat within the same block for rent for a figure of £725pcm. http://www.rightmove.co.uk/property-to-rent/property-59857771.html. With the current asking price in mind, you could be looking at a potential return of 6%. One thing to note would be the £10.00 per annum Ground Rent and £500.00 per annum Service Charge and Buildings Insurance as of course this will affect your yield.

Give Fox & Sons a call to arrange your viewing! http://www.rightmove.co.uk/property-for-sale/property-48256527.html

 

Hastings Court, Devizes Road – £155,000

Currently advertised with Goadsby is this two bedroom first floor flat, the perfect BTL Opportunity! The property is situated within walking distance of Salisbury Mainline Station, fantastic for commuters, and also within walking distance of Salisbury City Centre. Acommodation comprises Living Room, Kitchen/Diner, two double Bedrooms and family Bathroom, with the added benefit of Communal Gardens, Garage and off-road Parking. Very little work would be required to bring this flat up to scratch, so perfect for those Landlords looking for something they can rent out straight away.

There is a flat within the same block currently being marketed for rent by Jordans at a figure of £665pcm, I believe that we could achieve around £675pcm, meaning a potential return of 5.2%! http://www.rightmove.co.uk/property-for-sale/property-43400409.html

If you would like our advice on the rental potential of this property, or any other property, whether that be your own property, one you are purchasing, or one that you have seen advertised, please do not hesitate to contact a member of the team!

Meads Road Durrington – £160,000

Auctions are always worth keeping your eye on, especially with cracking properties like this being listed.

This three bedroom property would certainly make a fantastic first time buy or BTL opportunity. The accomodation comprises Living Room, Kitchen/Breakfast Room, downstairs Bathroom and three Bedrooms. The property is also situated on a reasonable size plot providing large rear Garden, off-road Parking for several Cars along with the benefit of a Single Garage. With the relevant planning consent, the accomodation could be made more family friendly, creating a large Kitchen Diner to the rear of the property aswell as moving the bathroom upstairs, much like this property sold in 2013. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=28217844&sale=76548675&country=england

The front and rear Gardens could also do with a little TLC to make the exterior of the property a little more appealing. If the property was finished to a high standard, I would estimate the resale value to be between £190,000 and £200,000. If the proprty was finished to a high standard, I would estimate a rental value of around £850pcm, meaning a potential return of 5.3%!

If you require further details, contact Clive Emson Auctioneers, Maidstone. If you can see the potential in this property, get yourself to the Ageas Bowl on the 16th June!

http://www.rightmove.co.uk/property-for-sale/property-48523419.html

 

Mill Green Road, Amesbury – £189,950

Currently advertised with Simon Colligan is this two bedroom semi-detached property with accomodation comprising Living Room, Kitchen, Two Bedrooms and Family Bathroom. The property also benefits from a rear garden with patio and off-road Parking. With a potential rental value of £750pcm, You could be looking at a reasonable yield of 4.7%. Alternatively, like many other of the properties we list, this would make a cracking first time buy. http://www.rightmove.co.uk/property-for-sale/property-48492756.html

 

Should the 6,220 home owning OAP’s of Salisbury be forced to downsize?

This was a question posed to me on social media a few weeks ago, after my article about our mature members of Salisbury society and the fact many retirees feel trapped in their homes. After working hard for many years and buying a home for themselves and their family, the children have subsequently flown the nest and now they are left to rattle round in a big house. Many feel trapped in their big homes (hence I dubbed these Salisbury home owning mature members of our society, ‘Generation Trapped’).

So, should we force OAP Salisbury homeowners to downsize?

Well in the original article, I suggested that we as a society should encourage, through building, tax breaks and social acceptance that it’s a good thing to downsize. But should the Government force OAP’s? Continue reading

Randalls Croft Road Wilton – £165,000

Ideal investment opportunity situated on the outskirts of Wilton

Currently advertised with Goadsby is this two double Bedroom house, situated on the outskirts of Wilton within a mixed development of houses and flats. Accomodation comprises Lounge, open plan Kitchen/Diner, two double Bedrooms and Shower Room. The property also benefits from a small front Garden and Patio to the rear plus residents Parking.

The agent states ‘The property is currently tenanted, who has expressed and interest to remain in situ should an investment buyer be interested. Alternatively it can be purchased with vacant possession,’ This property would therefore be fantastic for those looking for a ready made BTL, without the hassle of finding a Tenant.

I would expect to achieve a rental figure of around £750pcm, meaning that at the current asking price, you could be looking at a potential return of 5.4%. http://www.rightmove.co.uk/property-for-sale/property-48446034.html

 

Poores Road, Durrington – £210,000

This cracking three bedroom property, currently advertised with purple bricks, would make a fantastic BTL with a reasonable yield, or alternatively a lovely ready made family home. The property has evidently been upgraded throughout to a high standard by the current owners. Accomodation comprises Lounge/Diner, Seperate fitted Kitchen, Downstairs WC, three good sized Bedrooms and Family Bathroom along with rear Garden, allocated parking and the added bonus of a garage! I would estimate a rental value of £900pcm, meaning a very respectable return of 5.1%. If you’re looking for a high spec family home or ready-made BTL, give Purple Bricks a call! http://www.rightmove.co.uk/property-for-sale/property-59375995.html