Bargain BTL in Newton

This 2 bedroom property has just come on to the open market, with an attractive asking price, it could prove a lucrative choice for investors.  Newton is a great little village, popular with commuters who wish to live out of the city.  

On the market for just £116,000, I would expect it to achieve a yield of around 6%.

Follow the link below for all the details:

http://www.rightmove.co.uk/property-for-sale/property-47731946.html

3 Bed Family Home - Musters Road, Bingham

This property will not be around for long!  Beautiful garden.  Great area for families, close to good schools and leisure centre, 5.5% yield if a cheeky offer of £165,000 is accepted.

Click the link below to view full details and photos:

http://www.rightmove.co.uk/property-for-sale/property-31860684.html?premiumA=true

2 Bed Semi on Charlock Gardens, Bingham

I was informed of this great little 2 bed semi coming to the market and asked if I knew of any interested investors.  It is a great house, situated on a popular estate.  It may not be brand new but it is neat, tidy and neutral.  No upward chain so it should be a straight forward purchase for an investor.

Here are the details:

http://www.rightmove.co.uk/property-for-sale/property-31737153.html?premiumA=true

Tidy 2 Bed - Kestrel Drive, Bingham

I came across this lovely 2 bedroom semi for sale in Bingham.  Situated on a smart development, yet still within walking distance of the town centre, it is the perfect rental property. Little to no maintenance required in order to get this onto the rental market.

On the market for £150k, if bought for £145k and let at £650 PCM, brings a yield of just over 5%.

http://www.rightmove.co.uk/property-for-sale/property-32166093.html

Modern 2 Bed Apartment in Calverton - 7% yield!

This is every investor's dream - a 7% yield!  This apartment is situated on a quiet development and at only 3 years old, still benefits from 7 years NHBC guarantee.

Great price, on the market for £90k, it will not be around for long.  Make an offer today!

http://www.rightmove.co.uk/property-for-sale/property-43196353.html

Large 3 Bed Family Home in Bingham

This property is going to auction on 23rd July at a guide price of £155,000.  It may need some interior improvements (there are no photos) however there could be a bargain to be had here and it would make a sound, long term investment.
It is a good sized family home that will let easily.

If the property was bought for £140k it could achieve a yield of 6.4%.

http://www.rightmove.co.uk/property-for-sale/property-49181753.html

Rising Court costs for Possession ..How to protect yourself

It’s always a sensible idea to make sure you have the right protection if you’re a landlord but new government plans to increase fees for the eviction court costs could make an oversight far more painful to your bank balance.

From the 22^nd April 2014 the government plans to increase the cost of application for possession and accelerated possession claims from £175 to £280 and the cost of possession claim online is due to rise from £100 to £250.

This will effect landlords finding themselves in the already unfortunate position of having to start eviction proceedings if a tenant is in arrears or refuses to vacate a property. Thankfully these situations are quite rare but when they do occur, they can be very costly in court fees but also in unpaid rent and in some cases, property damage.

At Belvoir Melton Mowbray we help our landlords with any possession proceedings or rent arrears notices as part of the service. We also offer protection for unpaid rent and court costs from as little as £11 per month. This also includes 75% of the rent for the 2 months after the property has been taken back.

Please contact Charlotte or Katie to discuss the Rent Guarantee and Legal Expenses Cover available for Belvoir landlords in more detail.