Bingham House Values Increased by Over 9% Since the Last Election

We last went to the polls in May 2015 and a lot has changed for the UK since then.    So how has this affected the Bingham housing market?

There is a lot of talk at the moment of how Brexit could affect the housing market.    I believe much of this focuses on the London property market which could be greatly affected as there is so much foreign investment to consider.

I wanted to look closer to home; I like to understand how the properties my landlords have invested in have performed for them.   Many of my landlords have invested in Bingham as they are local to the area and investing in a location one is familiar with will always feel a safe option.

Give me bricks and mortar any day over stocks and shares!

I looked at the properties in NG13 to see what had sold and what prices had been achieved.

I researched sold prices for detached and semi-detached since May 2015.   Interestingly I found that overall house prices in NG13 have seen an average increase of 9.46% in that short time.

Furthermore, since May 2015, semi detached properties had seen a 4.23% rise in value; detached properties had seen an average of 11.84% increase during the same period.

Who knows what will happen over the next 2 years?    I am sure of this – people will still need a roof over their heads and with an expanding population, a good location for employment and education, I believe the Bingham area will continue to be in demand by buyers and renters alike.

The high prices seen in the London property market may take a hit.   But if you are looking at ‘buy to let’ and choose wisely then you can have a successful property investment.

Contact me for honest advice on the properties for sale in and around the Bingham area.  

3 Bed Family Home in Popular Calverton - Great Investment at 5%

A great example of a family property which would be easy to let, bringing the investor a 5% yield.

Calverton is a popular village with good schools and amenities, with easy access to Nottingham.

On the market with Northwood for an asking price of IRO £170,000:

http://www.rightmove.co.uk/property-for-sale/property-66181901.html

2 Bed Investment in Sought After Burton Joyce

This 2 bedroom property in popular Burton Joyce would make a fantastic investment. Rental properties in the village get snapped up, and when they do let, tenants tend to stick around for lengthy periods.  

The property itself offers flexible living arrangements, with an annex in the garden which would make a great office / workshop or games room.  It is in good order, with a quality kitchen and modern decor.

Being marketed with Lesley Greaves Estate Agents for an asking price of £190,000, see some of their photos below (or click the link for full details):

       

http://www.rightmove.co.uk/property-for-sale/property-48377391.html

Why should you consider investing in a Buy to Let property in Bingham?

Bingham’s great location close to Nottingham and The A46 make it a popular location with professionals commuting daily. It also has great Primary and Secondary Schools so it appeals to families – after all it was in 2013 named the best place to raise a family. 

What’s on the market that would make a good buy to let investment for professionals?

I have seen a 2 bed apartment for sale with Newton Fallowell for £ 132,950, this apartment is in a gated complex and is private and modern with an en suite.  

It would easily achieve £600 pcm – giving a potential return of 5.4% but any investor must take into account the leasehold management fees payable monthly. It is worth checking what apartments in this development have sold for in the past and there are 2 that sold in 2016 for a higher price than this apartment’s asking price.

http://www.rightmove.co.uk/property-for-sale/property-59700841.html

Alternatively you might like to consider an investment aimed at the family market.  Frank Innes are marketing a 3 bed semi detached property on Skylark Close. It has off road parking, a dining kitchen and a garden. This is being marketed for £190,000 and would achieve £ 700 pcm. Whilst the rental return on this is slightly lower than the apartment at 4.4%, there are not the leasehold fees to consider and I would expect it to would see a better rate of capital growth over the years.

http://www.rightmove.co.uk/property-for-sale/property-64519412.html

If you are considering investing in property please give me a call. As we only deal with letting property we are able to give you an honest opinion of the rent that is achievable and help you to make an informed decision.

Keep an eye on my property blog for potential investment properties from across the market. Katie Archer  01949 714101.

Great investment property for sale £190,000 Skylark Close Bingham

Frank Innes currently have this nice 3 bed semi for sale at £190,000 - they reduced it in March. 

Skylark Close in Bingham is a popular location and has with a good parking area and would let easily for £700 pcm. Family properties are in high demand in Bingham and this would let quickly.

http://www.rightmove.co.uk/property-for-sale/property-64519412.html

BTL Potential with over 5% yield - Long Acre, Bingham

This is a very popular development in a quiet area of the town, whilst still being within walking distance of the town and station.

The property is in great condition, meaning that any investor could purchase the property and have it let very quickly.  Being on the ground floor and with 2 double bedrooms means that it will appeal to many different types of tenant.

On the market for sale with Richard Watkinson & Partners for an asking price of £146,750. I would imagine the apartment would achieve around £650 PCM, giving the investor a potential yield of just over 5%.

Details can be found here: 

http://www.rightmove.co.uk/property-for-sale/property-65678918.html

Immaculate Investment Potential on Popular Development in Bingham

This is a fine example of a modern 'coach house' style property, offering private, spacious living arrangements.

With 2 bedrooms, fitted wardrobes, upgraded kitchen and bathroom, and a garage, this property would appeal to many of the professional tenants we have waiting on our books.

I would say we should achieve around the £750 PCM mark for a property of this style in such great condition, giving the landlord a yield of 5.5%.

Click the link below for all details and to arrange a viewing to buy this fab investment:

http://www.rightmove.co.uk/property-for-sale/property-65776418.html