tag:blogger.com,1999:blog-50400870799433451362024-03-21T02:24:29.711+00:00The Bingham Property BlogCharlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.comBlogger254125tag:blogger.com,1999:blog-5040087079943345136.post-43554549694509916152019-09-19T16:01:00.002+01:002019-09-19T16:01:21.685+01:002 bed semi in Bingham that could easily let for £750 pcm<span style="font-family: Trebuchet MS, sans-serif;">This lovely 2 bed semi in Bingham is currently being marketed for sale by Hammond Property Services for £189,950. It has a carport and a nice rear garden and I think this would really appeal to tenants. </span><br />
<span style="font-family: Trebuchet MS, sans-serif;">The property is near to Toot Hill school and would let for £750 pcm. This is a potential 4.7% return if it is purchased for the asking price. Definitely worth a look....</span><br />
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<img alt="Image 3 of 22: 03.jpg" height="213" src="https://media.onthemarket.com/properties/7319675/1052597713/image-2-1024x1024.jpg" width="320" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-15464697542226949012019-05-02T15:27:00.002+01:002019-05-02T15:27:58.199+01:00Great Investment Property Ready to Let!<span style="font-family: Trebuchet MS, sans-serif;">This is a lovely example of a popular house type with tenants in Bingham. Having been refurbished by the current owners, it offers a great investment opportunity to any landlord, needing little to no maintenance to get it ready to let.</span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">We would achieve around £695.00 PCM in the current rental market, giving the investor a return of 5.4%.</span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">Full details are below:</span><br />
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<a href="https://www.rightmove.co.uk/property-for-sale/property-71080798.html"><span style="font-family: Trebuchet MS, sans-serif;">https://www.rightmove.co.uk/property-for-sale/property-71080798.html</span></a><br />
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<img alt="Photo 1" src="https://media.rightmove.co.uk/dir/81k/80909/71080798/80909_9512613_IMG_01_0000_max_135x100.jpg" /> <img alt="Photo 8" src="https://media.rightmove.co.uk/dir/81k/80909/71080798/80909_9512613_IMG_02_0000_max_135x100.jpg" /> <img alt="Photo 4" src="https://media.rightmove.co.uk/dir/81k/80909/71080798/80909_9512613_IMG_05_0000_max_135x100.jpg" /></div>
Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-64582625476268550182018-12-03T15:38:00.002+00:002018-12-03T15:38:31.799+00:00Investment property with rental income from day 1!<span style="font-family: Trebuchet MS, sans-serif;">I have found an investment property for sale at the moment in Calverton with William H Brown. it is a 3 bed semi and looks to offer 6.5% return on this £120,000 investment ...</span><br />
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<a href="https://www.rightmove.co.uk/property-for-sale/property-57714108.html"><span style="font-family: Trebuchet MS, sans-serif;">https://www.rightmove.co.uk/property-for-sale/property-57714108.html</span></a><br />
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<br />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-18721780157729127102018-11-24T11:00:00.000+00:002018-11-24T11:00:04.434+00:005.4% potential return on at £110,000 investment<span style="font-family: Trebuchet MS, sans-serif;">This one bedroom quarter house is being marketed by Newton Fallowell. It is on the market for £110,000 and would easily let for £500 pcm. These are popular with individuals and it looks to be in good order...</span><br />
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<a href="https://www.rightmove.co.uk/property-for-sale/property-56978163.html"><span style="font-family: Trebuchet MS, sans-serif;">https://www.rightmove.co.uk/property-for-sale/property-56978163.html</span></a><br />
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<img alt="Image 1 of 9: Dscn6483.jpg" height="150" src="https://media.onthemarket.com/properties/5893429/724231341/image-0-1024x1024.jpg" width="200" /> <img alt="Image 7 of 9: Bath.jpg" height="200" src="https://media.onthemarket.com/properties/5893429/724231341/image-6-1024x1024.jpg" width="150" /> <img alt="Image 5 of 9: Kit1.jpg" height="200" src="https://media.onthemarket.com/properties/5893429/724231341/image-4-1024x1024.jpg" width="150" /><br />
<br />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-44716940287755158602018-11-22T16:51:00.000+00:002018-11-22T16:51:51.378+00:00What is happening to East Midlands House Prices?<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw7Z4dkvSh8jZtHw5xuovOR3mh06YIlyM97EtPv93EJPCtwvEbJT0y4IBzqi_J3HmxgYGch3_ji7fjrCvcrd5UFUHHrTSaZzoPJ05Jf5TuhO7UZ2By7MfuvaNko1ZIXN4oaV5pfOjQw63S/s1600/100px-UK_Bingham_%2528Sign1%2529.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="200" data-original-width="100" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw7Z4dkvSh8jZtHw5xuovOR3mh06YIlyM97EtPv93EJPCtwvEbJT0y4IBzqi_J3HmxgYGch3_ji7fjrCvcrd5UFUHHrTSaZzoPJ05Jf5TuhO7UZ2By7MfuvaNko1ZIXN4oaV5pfOjQw63S/s1600/100px-UK_Bingham_%2528Sign1%2529.jpg" /></a></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">HM Land registry have released this month the data for the House price index for England year to September 2018. It lists the annual price increases for the regions and the East Midlands have seen a 6% increase on house prices achieved 12 months ago. This has to be a reflection of the South and London housing markets slowing down.<o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">You may have seen the Daily Mail reports talking about the North / South divide in property inflation being over. While the West and East Midlands have had a 6.1% and 6% increase - outperforming all other regions - is it enough to say there is no longer a divide? It is certainly showing that the East Midlands is catching up!<o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">We know that the East Midlands is in a great location and with the added economic investment near East Midlands Airport and in the major cities of Leicester, Nottingham, Derby, and Loughborough. </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Bingham is on the edge of Nottingham and has a good supply of excellent primary and secondary schools. It has always been a popular choice for families and sees a high demand for rental properties, the large new housing development currently being built here will certainly be sought after. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">The Daily Mail article talked about people moving looking for a better value property. Bingham certainly offers a lot of house for your money for anyone moving up from the southern regions.<o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Personally I have seen friends returning to the area this year now they are looking to settle down after working in London since graduating. When they are ready to buy it is the East Midlands that can provide access to employment opportunities and is still close enough to easily see friends and visit London. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">I believe the value of the properties in the Bingham area will continue to increase as the East Midlands continues to grow in strength economically and the town will provide a sound investment for anyone looking to purchase a property. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">To get an up to date property valuation or honest opinion on the rental return of a buy to let please do not hesitate to contact me. Katie Archer 01949 714101 <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Katie.archer@belvoir.co.uk</span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-36855561993798396052018-11-21T16:41:00.000+00:002018-11-22T16:41:20.514+00:00Bingham investment property for £125,000 - 5.2% potential yield <span style="font-family: Trebuchet MS, sans-serif;">This 2 bed has just been reduced to £125,000. It's on Brendon Gorve and would easily let for £550 pcm - a potential 5.2% return. </span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">The bathroom and Kitchen look to be in good order and it has a garden. It is marketed by Purple Bricks have a look at the link...</span><br />
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<a href="https://www.rightmove.co.uk/property-for-sale/property-56642685.html"><span style="font-family: Trebuchet MS, sans-serif;">https://www.rightmove.co.uk/property-for-sale/property-56642685.html</span></a><br />
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<img alt="View Of The Property" src="https://media.rightmove.co.uk/dir/152k/151073/56642685/151073_581894-1_IMG_16_0000_max_135x100.JPG" /> <img alt="Bathroom" src="https://media.rightmove.co.uk/dir/152k/151073/56642685/151073_581894-1_IMG_13_0000_max_135x100.JPG" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-37457728781100459742018-07-17T15:28:00.000+01:002018-07-17T15:28:03.781+01:00The performance of Bingham rents over the last 10 years...<div class="MsoNormal">
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The last few years have really felt like the rents have started to increase in Bingham and the surrounding villages. But what does the data show? We have analysed our data for rental values across the whole of the East Midlands over the last 10 years. </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">When the recession hit in 2007 we started tracking the data across the region to pull together the rental figure analysis. We caught it just in time to see the effect of the recession on the private rental sector in our area. </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieGJAGtzx1xTb2xiJESerbqk1NfobqyBSpIkbjWDc0GreI-2vyQ81ivPsQoW2T7kOD-szPtV9B8GSMUBCZo2njFylUaYTth65mbMvKrkKBurFz5eouY9XQb6wJRBKtVHqw8ENRzZ0EJI86/s1600/East+Midlands+rents.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1132" data-original-width="1600" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieGJAGtzx1xTb2xiJESerbqk1NfobqyBSpIkbjWDc0GreI-2vyQ81ivPsQoW2T7kOD-szPtV9B8GSMUBCZo2njFylUaYTth65mbMvKrkKBurFz5eouY9XQb6wJRBKtVHqw8ENRzZ0EJI86/s320/East+Midlands+rents.jpg" width="320" /></a></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">The initial slump in rents when the recession first kicked in can be attributed to the increase in rental stock on the market as property owners were unable to sell property as easily. Although we saw a quick increase in numbers of rentals on the market there were also a lot of tenants looking to rent as there were less mortgages on offer and a much steeper borrowing criteria.</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">As well as property supply affecting rental values, wages also have a large impact on what rent a property can achieve. We believe that </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">wages are the biggest driver of rent increases. </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">Unlike house prices, which can carry on rising irrespective of what</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';"> is</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';"> happening to wages, rents appear to flat-line when wages rise at less than inflation</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">. We don</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">’<span style="font-family: Calibri;">t </span></span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">tend to see rents rise until</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';"> wages are increasing at a faster rate than inflation. This means that in areas where there is a shortage of supply versus demand, we see rents rise for a few quarters, then they tend to flat-line again, even if demand remains higher than supply as tenants simply can</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">no</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">t keep paying more rent than their earnings. </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: SimSun; mso-fareast-font-family: SimSun; mso-hansi-font-family: SimSun; mso-spacerun: 'yes';">This is also likely to be partly linked to tenant referencing / insurance companies requiring 2.5 - 3 times salary to pass affordability tests.</span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">In the Bingham area, after the start of the recession we saw more properties come onto the market to let as property owners could not sell but the demand remained high. This did mean rents dipped slightly then flat lined until 2014 and did not see a growth back to pre 2007 levels until 2015. </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">We are now seeing higher rents achieved each time a property is coming back onto the market to be re-let. For example in 2014 a 3 bed semi detached property in good order with a garage would achieve around £695 pcm and in today's market we would expect to easily achieve £795 pcm - a 14% increase. </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">In the future I believe rents will continue to rise as the supply of rental property in the private rented sector is outstripped by demand from tenants and this should improve the yields available for investors. </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">If you have a property let out and you would like to discuss the rental value or are considering an investment property please feel free to give me a call or pop into our office on the Market Place in Bingham. </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
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<span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';">Katie Archer 01949 714101 </span><span style="font-family: Calibri; font-size: 12.0000pt; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-26861439396280981892018-07-14T16:54:00.000+01:002018-07-14T16:54:00.961+01:006% return in Bingham for a £134,950 investment<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<span style="font-family: Trebuchet MS, sans-serif;">These apartments on Eden Walk let for £675 pcm and this one is on the market with Hammond Property Services for £134,950. </span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">This is a lovely development and is popular with professional tenants. You must remember to include any leasehold fees with apartments that will affect the yield. </span><br />
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<a href="https://www.rightmove.co.uk/property-for-sale/property-54783018.html"><span style="font-family: Trebuchet MS, sans-serif;">https://www.rightmove.co.uk/property-for-sale/property-54783018.html</span></a><br />
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<img alt="Image 17 of 27: 17 bed 1.JPG" height="213" src="https://media.onthemarket.com/properties/5035664/595381883/image-16-1024x1024.jpg" width="320" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-31897097545523302632018-07-12T16:24:00.000+01:002018-07-12T16:24:17.481+01:002 bed ideal investment property in Bingham £165,000<span style="font-family: Trebuchet MS, sans-serif;">This property has just been listed with William H Brown for £165,000 and it is a smart 2 bed on Rockingham Grove. </span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">This looks to require no work to get it ready to let and would easily achieve £675 pcm.</span><br />
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<a href="https://www.rightmove.co.uk/property-for-sale/property-66326935.html"><span style="font-family: Trebuchet MS, sans-serif;">https://www.rightmove.co.uk/property-for-sale/property-66326935.html</span></a><br />
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<img height="240" src="https://lc.zoocdn.com/7e5c81fed2a2cd3396a4af244a39c10de04f36a7.jpg" width="320" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-87623886589438070972018-06-27T17:35:00.003+01:002018-06-27T17:35:47.368+01:005% potential return on a 2 bed for sale at £135,000 in Bingham<span style="font-family: Trebuchet MS, sans-serif;">This 2 bed property is listed with Frank Innes for £135,000. Its on Brendon Grove and has an off road parking space and the second bedroom is a single. It says there is an enclosed rear garden but there are no pictures so this may need work. </span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">Taking into account the current condition this would easily let for £575 pcm and provide a potential yield of 5.1%...</span><br />
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<span style="font-family: Trebuchet MS, sans-serif;"><a href="https://www.rightmove.co.uk/property-for-sale/property-74032013.html">https://www.rightmove.co.uk/property-for-sale/property-74032013.html</a></span><br />
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<img height="240" src="https://lc.zoocdn.com/c2c6be2e03cc05cf1f2130c8ec9cfb9f2f6ae4ef.jpg" width="320" /> <img height="240" src="https://lc.zoocdn.com/76fd14417b67ad7794acdcdec1a62643ffb975dc.jpg" width="320" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-62312709333832931822018-04-05T16:56:00.000+01:002018-04-05T16:56:08.782+01:00Bingham 5.5% potential Yield for £135,000 investment <span style="font-family: Trebuchet MS, sans-serif;">This second floor apartment is marketed by FHP City Living and is on the market for £135,000. It has 2 double bedrooms and allocated parking and only a short walk from Bingham Town Centre. </span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">This would easily let for £625 pcm - giving a potential rental return of 5.5%. </span><br />
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<span style="font-family: Trebuchet MS, sans-serif;">With apartments though it is important to consider any leasehold management fees. </span><br />
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<a href="http://www.rightmove.co.uk/property-for-sale/property-53641803.html"><span style="font-family: Trebuchet MS, sans-serif;">http://www.rightmove.co.uk/property-for-sale/property-53641803.html</span></a><br />
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<img height="213" src="https://lc.zoocdn.com/449a45db870bc9775b13a3d1b98f357ac85a262e.jpg" width="320" /> <img height="213" src="https://lc.zoocdn.com/a781e5c13287613d0833ec5ed0196e312549e5dd.jpg" width="320" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-66421498497289109212018-03-19T12:19:00.000+00:002018-03-19T12:19:38.632+00:00Fancy a challenge? 6% potential return in Bingham<span style="font-family: "trebuchet ms" , sans-serif;">This 1 bed quarter house need some refurbishment but it looks to be mainly cosmetic! William H Brown are advertising this for £90,000 and it looks to be mainly cosmetic work. </span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">These properties appeal to professionals looking to live on their own and easily let for £450 pcm. It could achieve more depending on what was done with the refurbishment.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">It could achieve a yield of 6%, there are rarely good investment properties coming onto the market for less than £100k these days!</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;"><a href="http://www.rightmove.co.uk/property-for-sale/property-64157407.html">http://www.rightmove.co.uk/property-for-sale/property-64157407.html</a></span><br />
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Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-40687305200492499462018-03-18T15:27:00.003+00:002018-03-19T15:41:18.097+00:00Energy Efficiency Regulations for Landlords Effective 1st April 2018<div class="separator" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9YdL0P9YMkPqPwGXtNnKIZQz5Dx4NLtgSYAt3Dy4vXfEwAPZ9LyqQxf8LZCXb6j_q-iRv-rS_J1eATj7VQnsCG2d1E-Ohq2nhtqal7f7Tk_7hFZOg7REPz0VB6BbsjRRpmC5XE9FSgY7I/s1600/epc+image.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="150" data-original-width="335" height="143" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9YdL0P9YMkPqPwGXtNnKIZQz5Dx4NLtgSYAt3Dy4vXfEwAPZ9LyqQxf8LZCXb6j_q-iRv-rS_J1eATj7VQnsCG2d1E-Ohq2nhtqal7f7Tk_7hFZOg7REPz0VB6BbsjRRpmC5XE9FSgY7I/s320/epc+image.png" width="320" /></a></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">From the 1<sup><span style="vertical-align: super;">st</span></sup> of April 2018 all properties rented out in the private rented sector must have an EPC rating of E or above. This applies to all tenancy renewals and new tenancies after the 1<sup><span style="vertical-align: super;">st</span></sup> April.<o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">It will become unlawful to let out a property with an F or a G rating unless there is an applicable exemption.<o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Landlords doing so can face a civil penalty of up to £4000. Demonstrating that a tenancy has been correctly set up is required when looking to carry out an eviction so it is crucial that landlords are aware of the regulations. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">The government have also announced that from the 1<sup><span style="vertical-align: super;">st</span></sup> April 2020 every let property with an EPC rating of F or G will be required to improve the energy efficiency of the property. It really is time to plan improvements if your property falls into the F and G bands.<o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">There are exemptions that can be applied for, if the property is listed or in a conservation area for example, where the work would not meet planning guidelines. The local planning office will advise on this and I am sure there will be a cost to applying for the exemptions. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">It is a good idea for landlords to be prepared and plan for any improvements prior to their property coming up for re let. Many properties have EPCs dating back to when they were first required and are due to be re done as they have now reached to 10 year mark. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">The first thing to do is to get an up to date EPC done as the way in which these are assessed has changed over the years and it may be that the rating on the property has changed. Before this is done it is advisable to take some cost effective measures to improve the properties chance to get above the F. Sometimes simple things like energy efficient light bulbs can make all the difference. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Some local authorities also offer grants to help landlords improve the properties and there are schemes out there to help with insulation. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">We are talking to all our landlords that this may affect and should you wish to discuss anything related to your rental property please feel free to give me a call.<o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Katie Archer, Belvoir Bingham 01949 714101 </span><span style="font-family: "calibri"; mso-bidi-font-family: 'Times New Roman'; mso-fareast-font-family: SimSun; mso-spacerun: 'yes';"><o:p></o:p></span></div>
Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-66251192939134380702018-01-26T13:11:00.003+00:002018-01-26T13:11:21.590+00:00Exciting Times Ahead For Bingham<br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizs3pP8sU4aNbDSbUigTGvSks2q0mSxka-Yr5CmsCA6VhrdxLyVDlYKJl_A2FFs9fB1lWvge5GDyI6HQW9xx7WvE6oAYGxaCbCVk1lSPMcAFcyPfZUhjWjFOIUq0WLWV0t2CLRtUeiFsZb/s1600/Bingham+sign.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Trebuchet MS, sans-serif;"><img border="0" data-original-height="210" data-original-width="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEizs3pP8sU4aNbDSbUigTGvSks2q0mSxka-Yr5CmsCA6VhrdxLyVDlYKJl_A2FFs9fB1lWvge5GDyI6HQW9xx7WvE6oAYGxaCbCVk1lSPMcAFcyPfZUhjWjFOIUq0WLWV0t2CLRtUeiFsZb/s1600/Bingham+sign.jpg" /></span></a></div>
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<span style="font-family: Trebuchet MS, sans-serif;">The end of 2017 saw news of Barratts applying for planning
permission for just over 300 houses as part of the 1050 planned homes to the
north of the Bingham.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">There has also been
funding secured from Highways England for a pedestrian and cycle overpass to
connect the former RAF Newton housing estate and Bingham. This will put this
estate within walking distance of the Bingham amenities and will support the
550 new homes proposed in Newton.</span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">As local residents pointed out when interviewed by the
Nottingham Post – any development that is proposed should include a plan to
improve the infrastructure available.<span style="mso-spacerun: yes;">
</span>The Bingham development has proposed, alongside the 1050 new homes, to
include a new primary school, employment space as well as a small retail area. </span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">These new houses will really give a boost to Bingham’s town
centre and I am sure will bring more business to the local shops. Bingham is
very well placed for people commuting to Nottingham, Leicester and Newark so I
am sure there will be no shortage of families looking to move into the
properties. </span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">There is currently a shortage of rental property in Bingham
and we are hoping that a proportion of these new build properties will be
purchased by buy to let investors. New build developments are popular with
investors as they expect the maintenance requirements to be low and tenants
like the modern fittings and economical running costs a new build offers. They
always let quickly and as more and more tenants are looking for long term
rentals void periods are minimal. </span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">If you are considering investing in property follow our
property blog <a href="http://www.binghamproperty.com/">www.binghamproperty.com</a>
for honest rental returns on properties for sale in the Bingham area or give me
a call on 01949 714101. Katie Archer </span></div>
<br />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-25741566492238172102018-01-10T17:02:00.001+00:002018-01-26T13:14:03.741+00:00Great New Year Investment! Langdale Grove, Bingham<span style="font-family: "trebuchet ms" , sans-serif;">This smart 2 bedroom property is situated in a popular area of Bingham. It is within walking distance of the town centre and has excellent transport links. The property is for sale with Rex Gooding for just under £170,000.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">With off road parking, an easy to maintain garden and a modern interior, it offers just what tenants are looking for, making it a great investment option for any landlord.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">See here for full property details:</span><br />
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<a href="http://www.rightmove.co.uk/property-for-sale/property-68788739.html#"><span style="font-family: "trebuchet ms" , sans-serif;">http://www.rightmove.co.uk/property-for-sale/property-68788739.html#</span></a><br />
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<img height="213" src="https://lc.zoocdn.com/1d92c459299d1f5742ee95d6b0faabd3a0a644f2.jpg" width="320" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-41476238517763016332017-11-27T16:05:00.000+00:002017-12-06T10:25:13.239+00:00Portfolio Landlords Facing Mortgage Difficulties<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLKe18KBUrzS6nX9pEy-02HVh_txxUF2LHZEy9_KmU1BeJ2XSCOaxyMeoImVtUj471Q6lVp5srlYHsrkpnC1k4OEMqXiX5HrI6z40czC71AvVlVzNnhyphenhyphenlxVKyCAWyZJ3sSH-YhIidlJorO/s1600/bingham+church.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="333" data-original-width="500" height="213" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLKe18KBUrzS6nX9pEy-02HVh_txxUF2LHZEy9_KmU1BeJ2XSCOaxyMeoImVtUj471Q6lVp5srlYHsrkpnC1k4OEMqXiX5HrI6z40czC71AvVlVzNnhyphenhyphenlxVKyCAWyZJ3sSH-YhIidlJorO/s320/bingham+church.jpg" width="320" /></a></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Buy to let investors with 4 or more properties in their
portfolio are starting to feel the impact of the change in regulations for
lending that came into force in September this year. I was speaking to
Tom James at Thomas Nicholas Financial Services, to
find out what impact this has had for local investors.<u5:p></u5:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">He explained that previously lenders assessed a buy-to-let
mortgage applications based on the rental income and property value of the
property they are lending against. From 30 September 2017, any landlord who owns
four or more mortgaged buy-to-let properties will have to submit income and
mortgage details on all of them<b> </b>every time they re-finance one, or
purchase a new property. <u5:p></u5:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">This has hit investors looking to purchase another property
for their portfolio or looking to re-finance their properties. The criteria has
become much stricter than we have seen in the past so lenders are refusing to
remortgage a property that previously fit their criteria. <u5:p></u5:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">This is resulting in some landlords increasing the equity
they have in a property, considering selling their investment property and in
some cases deciding not to invest in additional properties. This is not good
news for tenants, who in Bingham are seeing rents continue to rise as
the stock of available rental property does not satisfy the high demand in the
area. <u5:p></u5:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">You can do something to minimise the impact of these changes.<u5:p></u5:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">It’s vital that a landlord with a portfolio of properties
regularly asses the rental levels to ensure they keep up with the current market
rates. Inspect the condition of your properties, it is vital they are
being kept in a good condition to ensure you receive the maximum return on your
investment and to minimise void periods. <u5:p></u5:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">If you would like to review your current portfolio
performance please contact me to arrange a no obligation meeting to assess the
current rent and property conditions. <u5:p></u5:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">You should also contact Tom and look at the lending you have
in place to ensure you are fully aware of what you should expect when you need
to renegotiate your borrowing. <u5:p></u5:p></span></div>
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<span style="background: rgb(236, 236, 236);"><span style="font-family: "trebuchet ms" , sans-serif;">Katie Archer - Belvoir Lettings Bingham 01949 714101<u5:p></u5:p></span></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Tom James - Whole of market, free of charge mortgage advice:
<span style="background: rgb(236, 236, 236);">0330 1200324<u5:p></u5:p></span><o:p></o:p></span></div>
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Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-34021260849680747732017-11-14T12:18:00.001+00:002017-11-14T12:19:46.365+00:00Are Village Properties Becoming More Popular?<div class="MsoNormal" style="text-align: left;">
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<span style="font-family: "trebuchet ms" , sans-serif;">Recently we have had various different properties to let in
the Vale of Belvoir and villages surrounding Bingham. Village
properties are seeing an increase in popularity whether it be a one bedroom
cottage or detached farmhouses.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">When we first started managing properties to let in the Vale
of Belvoir area 19 years ago many of the village properties were less well
cared for by landlords and often cold, draughty properties. Today our Landlords are building or renovating rural properties to appeal to a
different type of tenant.</span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">As renting becomes the norm many are seeing it as a
lifestyle choice and many rural properties offer easier commutes to larger
cities and a quiet space for those working from home. Villages also
benefit from improved broadband speeds. </span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: "trebuchet ms" , sans-serif;">Tenants get the opportunity to live in a home that they may
not have considered in the past or have the opportunity to buy, and enjoy a
rural lifestyle. We find tenants may use their time in rented
property to really get to know an area before they purchase.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Of course the other big draw is schools. With
many village primary schools offering an excellent level of teaching, we find
this does draw many families to rent in the Vale of Belvoir and Bingham.</span></div>
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<b><span style="font-family: "trebuchet ms" , sans-serif;">What should you consider if you have a rural property to
let?</span></b></div>
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<b><span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></b></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Parking and secure outside storage is important for any
family living rurally as hobbies are important and come with lots of expensive
gear! Many people looking to rent in the villages have or would like to
have pets – is your property suitable?</span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: "trebuchet ms" , sans-serif;">If you are thinking of letting out a property please give me
a call and we can talk through the important things to consider. Every rural
property is different and requires a different approach so for honest advice
from a local letting specialist speak to me on 01949 714101.</span><br />
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Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-24094340882959428242017-10-17T11:31:00.000+01:002017-10-17T15:06:37.471+01:00Selective Licensing Facing Some Nottingham Landlords<div class="MsoNormal">
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<span style="font-family: "trebuchet ms" , sans-serif;">One of our landlords asked us this week if he was likely to
be affected by the Selective licensing scheme which could be brought in by
Nottingham City Council. </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj66o5xlOSx04DpsPLRpOT2HAcBMWqjaITlkCYj86XXtAzo8eDSBrv73HVB1rf7pSmNiGwv6wBJ_m7SCaRrINnaq3NQIbsVISpAJ9dwdyTowxquoqSqNuaWwhH3G0X-efJxz0QF9AMgGgl6/s1600/IMG_8511.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="640" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj66o5xlOSx04DpsPLRpOT2HAcBMWqjaITlkCYj86XXtAzo8eDSBrv73HVB1rf7pSmNiGwv6wBJ_m7SCaRrINnaq3NQIbsVISpAJ9dwdyTowxquoqSqNuaWwhH3G0X-efJxz0QF9AMgGgl6/s320/IMG_8511.JPG" width="320" /></a></div>
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif;">The proposed scheme which could be brought in during 2018
would see areas with a high proportion of rented homes fall under the licensing
requirements – some 32,000 properties. The aim of the licence is to tackle poor
housing standards in the private rented sector that do not fall into the HMO
category. </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Landlords in these areas would see a cost of a licence
ranging from £400 to £655 depending on what accreditation they had.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">The East Midlands Property Owners Association who represent a large
number of landlords in the city have expressed concerns. </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Will the Nottingham City Council be able to improve
standards in Nottingham’s private rented sector if they are proposing to only
visit 50% of the properties where landlords are not accredited?</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">EMPO believe that the new powers under the Housing and
Planning Act now provide the council with the sufficient tools it needs to
address the issues that the licensing scheme proposes to resolve. It’s now up to the Secretary of State to
authorise this size of scheme so we will see what the decision is.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">What is for certain – if the licensing goes ahead it is
another cost the landlord will face and this could be the final straw for some
investors who may decide to exit the Nottingham private rented sector. </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">What about my landlord with a property in Bingham? If the licensing
goes ahead it could push rents up in the city if landlords try to recover costs
and the supply of rented property decreases.
Bingham could see an increased demand from tenants which would potentially
improve rental yields. </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">If you are considering investing in property then it’s very
important to consider the local climate and ensure you have a good
understanding of what tenants are looking for. </span></div>
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<div class="MsoNormal">
<span style="font-family: "trebuchet ms" , sans-serif;">For honest advice on realistic returns for buy to let
investments contact your local lettings specialist Katie Archer 01949 714101.</span></div>
Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-36333154131202896842017-10-05T15:29:00.002+01:002017-10-05T15:29:22.010+01:00Fab 2 bed in Calverton £125k 5.3% return...<span style="font-family: Trebuchet MS, sans-serif;">Thomas James have just listed this lovely 2 bed property in Calverton. It is has been advertised for sale at £125,000 and comes with a garage. A property in this condition in this area would let for around £550 pcm which would give a potential return of 5.3%. </span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<span style="font-family: Trebuchet MS, sans-serif;">Its not often we see property advertised at this sort of price that doesn't require a lot of work so I am sure it will sell as quickly as it would let!</span><br />
<a href="https://www.blogger.com/goog_1693655394"><span style="font-family: Trebuchet MS, sans-serif;"><br /></span></a>
<a href="http://www.rightmove.co.uk/property-for-sale/property-69216305.html"><span style="font-family: Trebuchet MS, sans-serif;">http://www.rightmove.co.uk/property-for-sale/property-69216305.html</span></a><br />
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<img alt="IMG_9993.JPG" src="https://media.rightmove.co.uk/dir/131k/130564/69216305/130564_27306783_IMG_01_0000_max_135x100.jpg" /> <img alt="IMG_9964.JPG" src="https://media.rightmove.co.uk/dir/131k/130564/69216305/130564_27306783_IMG_04_0000_max_135x100.jpg" /> <img alt="IMG_9984.JPG" src="https://media.rightmove.co.uk/dir/131k/130564/69216305/130564_27306783_IMG_06_0000_max_135x100.jpg" /> <img alt="IMG_9950.JPG" src="https://media.rightmove.co.uk/dir/131k/130564/69216305/130564_27306783_IMG_09_0000_max_135x100.jpg" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-41348347953437123862017-09-27T16:40:00.001+01:002017-09-27T16:40:18.923+01:00Fancy a Project? Carnarvon Close, Bingham<span style="font-family: Trebuchet MS, sans-serif;">This flat requires work to bring it up to the current standard for lettings, but I believe it could make a sound investment for any landlord, if they are prepared to put in a bit of work. </span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<span style="font-family: Trebuchet MS, sans-serif;">Lettings in Bingham are few and far between at the moment, and we are attracting highest ever rental incomes. With a new kitchen and bathroom, carpets and a lick of paint I would imagine this flat could achieve £595 - £650 PCM.</span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<span style="font-family: Trebuchet MS, sans-serif;">Full details are here:</span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<a href="http://www.rightmove.co.uk/property-for-sale/property-69025463.html"><span style="font-family: Trebuchet MS, sans-serif;">http://www.rightmove.co.uk/property-for-sale/property-69025463.html</span></a><br />
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<br />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-48604493330048576822017-09-27T16:26:00.000+01:002017-09-27T16:43:19.534+01:00Has the Bingham Housing Market stalled?<div style="text-align: center;">
<img alt="Image result for bingham town plan" height="362" src="http://this-is-bingham.co.uk/wp-content/uploads/2013/11/1.png" width="400" /></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">I wish they would get on a start building the new houses they have been talking about. Waiting for the developments to take shape has taken longer than anyone imagined and I believe this has had an impact on properties for sale in Bingham. </span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif;">There seems to be fewer houses on the market for sale and we have found that properties are achieving higher rents than this time last year.</span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif;">Waiting for the new developments feels like the housing market in the town has stalled. There certainly seems little available in the price range for your traditional first time buyers in Bingham. There is a massive demand from families in the area and this is pushing up rents as there are fewer homes on the market for them to purchase.</span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif;">If you are looking to move up or down the housing ladder your options are limited and there is a reluctance to pay over and above the market rate as the impact of the new development could affect this further down the line.</span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif;">Investors are usually looking to spend in the region of £150,000 to £180,000 and achieve a yield of at least 5% and there are not many options currently available so fewer rented properties are coming onto the market. This could a reason for the increase in rent seen in the town.</span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif;">I expect the new build development will enable a lot of people waiting to move to proceed up the ladder and this will increase the number of properties on the market throughout the town. There will be more options available and this could affect the values. </span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif;">If you are considering investing in property in the area you must look ahead to the future planning of the area. It is vital for an investor to consider the capital growth they expect to achieve. For honest opinion on rental returns for investment properties please give me a call 01949 714101 or email me the details katie.archer@belvoirlettings.com. </span><br />
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<img src="https://futurebingham.co.uk/wp-content/uploads/sites/2/2014/03/large-map.jpg" />Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-64871801324567851522017-08-31T12:22:00.001+01:002017-09-07T15:25:48.228+01:00Bingham Regeneration Plans<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0dmo9yyzYUrC0c4Hww_TIdjnZUS4CdZqnTDZ8AIV1kl6_a70J-KCLxKVFFmYNkBjNy8LCpQnSUNmrryZ7Ztdbcwc3x5-mJJsIiMN45OkEK2WpJcWOHhD-gINkH6lIW-9LRv9hBg4Q13nN/s1600/IMG_8511.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="480" data-original-width="640" height="240" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0dmo9yyzYUrC0c4Hww_TIdjnZUS4CdZqnTDZ8AIV1kl6_a70J-KCLxKVFFmYNkBjNy8LCpQnSUNmrryZ7Ztdbcwc3x5-mJJsIiMN45OkEK2WpJcWOHhD-gINkH6lIW-9LRv9hBg4Q13nN/s320/IMG_8511.JPG" width="320" /></a></div>
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<span style="font-family: "trebuchet ms" , sans-serif; font-size: 17px;">Rushcliffe Borough Council recently reported on the progress of the Master plan being developed by the Bingham and Radcliffe on Trent Growth Board. The aim of the board is to shape the future of economic development and regeneration for Bingham and Radcliffe on Trent. </span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">It's clear the Borough Council believe Bingham will continue to see significant growth over the next 5 to 10 years. The Growth Board aims to manage this and develop a clear vision for the future of the town.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">The council have been able to acquire land at Chapel Lane in Bingham with the intention of providing employment opportunities in the area, this follows the council's purchase of land to extend the existing industrial estate.</span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Councillors believe that the master plan has the potential to be a major influence in terms of employment and community provision in Bingham. </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">We feel that the town is ideally located for commuting to larger towns and cities, with additional employment opportunities in the town the popularity of living in Bingham will only increase. </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span></div>
<div style="font-size: 17px;">
<span style="font-family: "trebuchet ms" , sans-serif;">Families are drawn to the town for its location as well as the good primary and secondary schools. If you are considering investing in a buy to let then you need to consider who will be looking to let in Bingham. </span><br />
<span style="font-family: "trebuchet ms" , sans-serif;"><br /></span>
<span style="font-family: "trebuchet ms" , sans-serif;">We see a high demand for 3 bedroom properties, keep an eye on our blog for honest rental returns on properties that come on the market for sale or give me a call on <a href="tel:01949%20714101" x-apple-data-detectors-result="0" x-apple-data-detectors-type="telephone" x-apple-data-detectors="true">01949 714101</a>. Katie Archer. </span></div>
Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-34302510124829128482017-07-11T13:24:00.000+01:002017-07-13T13:54:14.949+01:00Average Rents increase across the UK<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHwSNYie4A_I4M2HMxuHFgtotTPVT2mafa7sWUpYFMXde6DDqKxLtoWyC3ajS9IeqbPkIl3QVplXtFSReeTSUaQKEQOy0GI8hJE5Qi387QKHK8Zx3K5q_06HH1ZNI5EofPGv0PVGu205np/s1600/Bingham+sign.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="210" data-original-width="251" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHwSNYie4A_I4M2HMxuHFgtotTPVT2mafa7sWUpYFMXde6DDqKxLtoWyC3ajS9IeqbPkIl3QVplXtFSReeTSUaQKEQOy0GI8hJE5Qi387QKHK8Zx3K5q_06HH1ZNI5EofPGv0PVGu205np/s1600/Bingham+sign.jpg" /></a></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">The
rental index for Belvoir Quarter 1 2017 has been released which looks at the
rents Belvoir offices are achieving across the UK. It is produced by property professional Kate
Faulkner and is available at <a href="http://www.belvoir.co.uk/">www.belvoir.co.uk</a>. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">The
overall trend for the UK shows the average rent of a property is at an all time
high and up 4.5% versus Q1 2016. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">Looking
more locally at the East Midlands our rents in Q1 2017 have recorded a 7.5 %
increase when compared to the same period in 2016. This certainly reflects what we are seeing in
Bingham. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">The
reasons for the increase can be due to the larger number of higher value
properties, which when coupled with less rental stock in the market can
artificially raise the year on year rental increase. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">However
we are seeing a new trend in offices throughout the UK. There are increases in rents where there is a
low availability of properties on the rental market. This is something we see in the Bingham and
surrounding villages. The demand from
tenants and the lack of supply of rental property is certainly increasing the
rents we can achieve. <o:p></o:p></span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">If
you would like advice on what a rental property can achieve give me a call
on </span><span style="font-family: "trebuchet ms" , sans-serif;">01949 714101 or look at my blog for
potential buy to let properties in the area. </span></div>
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Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-83425178829085228382017-06-29T14:05:00.000+01:002017-06-29T14:05:05.940+01:00Bingham investment opportunity £125,000<div style="text-align: left;">
<span style="font-family: Trebuchet MS, sans-serif;">This is a large 3 bed semi on the market with Purple Bricks for £125,000, its on Chestnut Avenue and is in need of a new kitchen and possibly a new bathroom. </span></div>
<div style="text-align: left;">
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: Trebuchet MS, sans-serif;">If these were replaced you have to expect to achieve at least £650 pcm and of course the capital value of the property would be increased. These are large 3 beds and with its close proximity to the town centre it could be a desirable family home that would attract a long term tenant. </span></div>
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Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0tag:blogger.com,1999:blog-5040087079943345136.post-7516854260866085212017-06-14T13:00:00.000+01:002017-06-14T13:00:01.019+01:00How Much 'Flipping' Going on in Bingham?<div class="MsoNormal">
<span style="font-family: "trebuchet ms", sans-serif;">I keep reading in the papers about 'flipping' property and how
many are seeing it as an alternative property investment to the traditional buy
to let investments.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">Flipping property is the current term for buying a house
that requires work and selling it on for a profit after the renovations. In a fast moving city market this can be a
lucrative business but what about Bingham?</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">Have there been many properties flipped in our town or are
we a more traditional property market? I looked through the pages and pages of
Land Registry Data to see what properties had been bought and sold again in a
short time scale and had achieved a much higher price when re sold. Remember Land
Registry show the achieved prices for the sales not the advertised prices. </span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">Interestingly there were only 5 properties in the NG13
postcode that could have been flipped and sold in the last year. Looking at previous details of these properties on rightmove, m</span><span style="font-family: "trebuchet ms", sans-serif;">any of the properties were semi detached family homes
purchased originally for around £ 150,000 and they were sold for an average of
48% increase in value after a renovations that were completed in under 12
months.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">I had expected to see more examples of flipping in Bingham, but perhaps due to the lack of property on the market and a high demand from
buyers keeps the prices of properties needing work higher than you might
find in a city.</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">If you are looking to buy a property in need of
refurbishment then you really need to keep a sharp eye on the market as when
they come up for sale they don’t seem to hang around for long!</span><br />
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<span style="font-family: "trebuchet ms" , sans-serif;">There are lot<a href="https://www.blogger.com/null" name="_GoBack"></a>s of things to consider
if you are investing in a property, if you are looking to sell after a
renovation then you must calculate borrowing cost for the duration of the works
or you could find yourself at a loss after all the hard work! </span></div>
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<span style="font-family: "trebuchet ms" , sans-serif;">If you are looking for a property investment then give me a call for honest advice on potential rental returns
and to get an understanding of the right areas to invest in Bingham.</span></div>
Charlotte Bakerhttp://www.blogger.com/profile/10868316257848749106noreply@blogger.com0