Thursday, March 30, 2017

Free Property Investors' Event

We are really excited to be a part of this! 
Email to book a place.

Wednesday, March 22, 2017

Fantastic apartment in Burton Joyce, could give investor a 5% yield

This apartment in sought after Burton Joyce is crying out to be purchased by an investor.  With well proportioned rooms and lovely light, airy feel, it would appeal to many professional tenants.  With quality properties being let within 24 hours, this is a great time to invest.

Being an apartment there is of course the leasehold and service charge to investigate, but as long as that all adds up, I think this is a sound investment for any landlord.

Check out the photos below, or click here for full details:

Tuesday, March 21, 2017

Rents in the East Midlands have seen higher % rises than rents in London

Back in February I looked at how Bingham's house prices had performed over the last 12 months and I have been searching for data around the performance of rents in our area.   

The Office of National Statistics have released the Index of Private Rental Housing Prices (IPHRP) which looks at the percentage changes of rents over the last 12 months.

The Index of Private Housing Rental Prices measures the change in price of renting residential property from private landlords.  The index does not measure the change in newly advertised rental prices only, but reflects price changes for all private rental properties.

It does this by looking at the data collected by the Valuation Office Agency (VOA) who use rental officers to collect the price paid for privately rented properties. 

The data is broken down into regions and its good news for East Midlands landlords.

The East Midlands have seen a greater % increase in rents over the last 12 months than London and was also higher than the average for England.   Between January 2016 and January 2017 London rents have seen an increase of 2.1%, in the East Midlands we have seen an increase  of 2.8%.   This was matched by the South West and beaten only by the East of England at 3% and South East which saw a 3.3% rise in rents.

% change in Rents from January 2016 – January 2017

The report summarised that the increase in rents was due to demand for rental property outpacing supply.   RICS (Royal Institute for Chartered Surveyors) and ARLA (Association of Residential Letting Agents) are both reporting a continued rise in tenant demand.

We are certainly seeing increased tenant demand in and around Bingham and properties are letting really quickly.   If you are considering investing in a property please give me a call or pop in to see me at our office on The Market Place in Bingham for an honest opinion on rental returns. 

Friday, March 10, 2017

The Private Rented Sector doubles in size since 2002

The office of national statistics have released the first set of data from the 2015-2016 for the English Housing Survey.  This survey is a national survey of people's housing circumstances and the condition and energy efficiency of housing in England.

It makes interesting reading about the nations approach to housing and gives us an idea of how the private rented sector is performing. 

The report found that in 2015-16, the private rented sector accounted for 4.5 million or 20% of households.   Throughout the 1980s and 1990s, the proportion of private rented households was steady at around 10% but since 2002 the sector has more than doubled in size.

This report also looked at who was renting property – they identified that over the last 10 years the proportion of young people renting property in the private rented sector has increased dramatically.

In 2005-2006, 24% of those aged 25 – 34 lived in the private rented sector but by 2015 -2016 this increased to 46%.

Over the same period, the proportion of 25-34 year olds buying with a mortgage decreased from 53% to 35%.   Households aged 25-34 are more likely to be renting privately than buying their own home, a continuation of a trend first identified in 2012-13.

Interestingly in the private rented sector, the proportion of households with children increased from 30% to 36%.   Given the sizeable growth of the private rented sector over this period, this six percentage point increase equates to about 945,000 more households with dependent children in the private rented sector.

It just goes to show that we need a healthy private rental sector to cater for the needs of families as well as young people.    

Bingham is a great small town - ideally located for commuters to Nottingham, Newark and Leicester. With its great Primary schools and secondary School it will continue to attract families and I hope that we continue to see investors coming into the private rented sector.

If you are thinking of purchasing a property to let follow my blog for possible investment properties from across the market.  

Friday, March 3, 2017

Bingham Detached House Prices See Increase of 8.14% During 2016

This week we have seen reports in the media surrounding house prices.   The Office for National Statistics has just released data collected from December 2016.

They have produced a comparison of the monthly inflation of house prices, calculated using data from Land Registry, for all areas across the UK.  The National average price of a property has risen by 7.2% during 2016.

I had a closer look at the local authority for Bingham which is Rushcliffe and came up with some interesting results. We must remember though the Rushcliffe borough is a large one and includes diverse suburbs and villages.

The average price of a property sold during the year to December 2016 had risen by 7.63% according to the ONS results.

The report had broken the increases down even further by each property type:
Detached houses 8.14% increase
Semi detached 7.64% increase
Terraced house 6.49% increase
Flat/maisonette 7.15% increase

Remember these figures are on sold prices as recorded at Land Registry not the advertised asking prices.   These results are very encouraging to see for anyone who already has an investment in property or who is considering becoming a Landlord.

Buying the right type of property is always going to be very important though – it needs to have minimal void periods as well as seeing some capital growth.  If you are looking to purchase a ‘buy to let’ property keep an eye on my blog for potential investment opportunities across the market.  

Wednesday, March 1, 2017

Potential Investment in Sought After East Bridgford

I've mentioned it before, but buying to let isn't just about the rental yield per month.  There is capital growth to think about too.

A landlord with around £200k to spend came to see me today, and I showed him this potential in East Bridgford.

The property looks great and, if bought at the right price, could give the investor a good monthly return, plus hopefully capital growth in the years to come.

Being marketed with Rex Gooding, full details are below: