SOLD Freehold 2 Bed, St James, £130,000

We're going to have a 2 bed Victorian Terrace coming up very soon at £130,000 - TENANTED at £650.00 - and in good order. In the heart of St James, 5 minutes walk to the station. It's the sort of thing that everyone wants right now. 

Further details when available, but let me know now if provisionally interested.

MIXED USE, £170,000, 8.5%+ return

We're about to be instructed on this mixed use building in St Leonard's Road, Far Cotton comprising:

• downstairs lock up shop, currently trading as a cafe but will be vacant on purchase. Should bring in minimum £6,000 per annum. No shop on this road is currently empty.
• upstairs 1 bed flat, currently bringing in £7000 including bills.
• potential to increase both incomes with relatively nominal works to the premises.

We're expecting this to come to the market at £170,000 but the vendor is keen to sell so some movement may be possible, meaning a return of minimum 8.5% for the purchaser - at that level there's clearly going to be interest from investors so please get in touch with me quickly at:

richard.baker@belvoir.co.uk

Two Freehold Opportunities under £125k

My daily scour of property portals has revealed a couple of decent options today!

http://www.rightmove.co.uk/property-for-sale/property-35634645.html
This is a modern 2 bed house for £125,000 which isn't easy to do in the current market. It looks to be in decent order too with very little required to get it tenantable. On this estate you need to check how it's heated and whether the heaters in there are sufficient to do the job - but upgrading isn't a big job or cost. 
It isn't the best area of town, but we'll rent it privately for MINIMUM £600, making the figures as follows.

Purchase Price	£125,000	Headline Return	5.75%
Rent	£600.00	Tenure	Freehold

http://www.rightmove.co.uk/property-for-sale/property-53722334.html
The other is a 1 bed cluster at £95,000. Again it looks in decent order, and again you need to check the heating. This time we'll get £500 a month for it, but it's just as lettable and in a similar type of area. 

Purchase Price	£95,000	Headline Return	6.3%
Rent	£500.00	Tenure	Freehold

You'll need to contact the selling agents if you want to see these, but please let me know so I stop sending others over. As ever, happy to view for out of area buyers if required.

richard.baker@belvoir.co.uk

St Crispin Coach House, 5.5%, TENANTED, £125,000

I've been advised of a 1 bed Coach House in St Crispin which is coming to the market, tenanted, at £125,000. This is one of the best areas in town, so will appeal to people who are interested in area primarily.

Purchase Price	£125,000	Headline Return	5.5%
Rent	£575.00	Service Charge	£tiny

With any coach house there's going to be some sort of lease, but I'm told the charges on this one are almost zero so it's effectively a freehold property in all but name. It's going to look like one of these, but without the snow! The return of 5.5% is about as much as you can expect in an area like this, so get in touch, and I'll put you in contact with the selling agent. 
As an added bonus it will probably have one of the garages too.

GREAT BUY - 1 bed, £500 rent, £95,000, almost ZERO service charge

A great one for the bargain hunters - this is a 1 bed flat in Far Cotton that we've had tenanted for a number of years. It's a nice little place and rents well at £500PCM. 

Purchase Price	£95,000	Headline Return	6.3%
Rent	£500.00	Lease	110 years

Although it's a leasehold, there's no service charge and the ground rent is a nominal £10 per annum - so effectively it's a freehold property. It's also well positioned on the edge of the town centre and tends to attract a slightly older tenant as a result.
richard.baker@belvoir.co.uk if you're interested. Viewings this Saturday with luck!

WITHDRAWN. Potential 8% return on £55k

We may have something coming up at Blackwood Avenue, Rugby - a 1 bed apartment with tenant in situ at £450 per month.

Purchase Price	£55,000	Headline Return	9.8%
Rent	£450.00	Return After Lease Charges	8.0%

Note : 67 years on the lease, so needs to be a cash purchase - no mortgages.

Blackwood Avenue isn't going to win any beauty awards, but is very rentable to decent tenants. If you're investing in Rugby on a budget and want a decent return, I challenge you to find better! The flat is in decent order and needs no immediate expenditure.

Enquiries to me please - I'm hoping £55k may be do-able on this but can't guarantee that at this stage.

richard.baker@belvoir.co.uk

SOLD : BRAND NEW WITH RENTAL GUARANTEE

An opportunity here for someone - we sold a number of these 2 bed Bellway apartments when they were released 6 months ago - the whole site has now sold out - bar 2x apartments which recently fell through. Bellway are asking £125k each (not negotiable) but this should include flooring and appliances - so essentially ready to let. You pay that for most other modern apartments currently, which is why these aren't badly priced.

Purchase Price	£125,000	Headline Return	6.2%
Rent	£650.00	LEASE	125 Years

Not everyone goes for new build, but if you're after zero hassle this sort of thing is hard to beat - pretty much everything in the apartment is guaranteed for 2 years, and we'll even guarantee rent on a managed service. 

richard.baker@belvoir.co.uk if you're interested. Demand was significant last time we had some of these, and we anticipate it will be again, so don't leave it too long!

ADD SOME VALUE!

When purchasing a property, many people are scared at the thought of needing to make a few improvements. Hence they pay a premium and go for something that needs no work. 
But the best buys are often those where an element of upgrading is required - look at the example below. This property was featured on the blog a couple of months ago - an investor based out of the UK bought it - we've had the kitchen changed and some decorative improvements made within 3 weeks of purchase, and the tenant moves in during week 4. No fuss, no hassle - because we're geared up to deal with this sort of thing. The money the investor has spent - in the region of £3k - has added at least £6k of value to the property too - so from a business perspective it's been a sensible option for him to take. 
I'm not suggesting people take on properties with excessive damp, or structural issues - but definable jobs such as a new kitchen or bathroom add value and shouldn't scare people as much as they do!

Sales plug......
We replace kitchens, bathrooms, windows, flooring, boilers, fences - basically anything internal (we stop short of full scale building work). We decorate, we clean, we do gardening!
At the moment anyone buying property is struggling to find value, and often the best way to so this is to but something that needs work, but not as much work as the vendor thinks!

UPTON (nice area), £125,000, TENANTED, 6.0% return

Purchase Price	£125,000	Headline Return	6.0%
Rent	£625.00	Return after Lease Charges	5.0%

We're about to be instructed on this - a 2 bed top floor apartment - built less than 10 years ago and tenanted at £625 per month. We've rented it for the owner for the last few years and void periods have been close to zero - tenant quality in this area is also very good. If you're after modern apartments and want a good area too, this is the type of thing you should be considering. It will be advertised at £130,000 but I'm told that £125,000 may be feasible.

richard.baker@belvoir.co.uk if interested.

SOLD. RUGBY. Tenanted. £87k for 6.8% return!

Purchase Price	£87,000	Headline Return	6.8%
Rent	£495.00	Return after Charges	5.5%

Why hasn't this one sold? I'm genuinely not sure - it's been advertised for a few weeks now and in that time I've seen people buy other things that don't stack up as well - from what I can see there's nothing wrong with it!

It's a 1 bed modern apartment, with a private tenant, located about 1 mile from the town centre. An EASY RENTER - simple, well presented - the type of thing that never struggles for a tenant. 
You can't buy cheaper than this in Rugby currently without going onto Blackwood Avenue or similar, so what's the issue with this one - check the property portals, you'll see I'm right! 
Interested parties, please get in touch. richard.baker@belvoir.co.uk

More photos at http://www.zoopla.co.uk/for-sale/details/photos/36649925

SOLD - SUMMER DEAL - Modern, Freehold, Tenanted, £130,000, £650 rent

Purchase Price	£130,000	Headline Return	6.0%
Rent	£650.00	Tenure	FREEHOLD

The hot weather brings a hot deal for someone but PLEASE be quick on this and get in touch with me straight away - richard.baker@belvoir.co.uk if you're interested. It's going on Rightmove later today at £135,000 and will disappear very quickly at that point. 

This is a 3 bed house in Alvis Court, NN3 which I visited yesterday. There's £140,000 of house here - the vendor is looking for a quick sale as he's trying to buy another, and it's been suggested £130,000 may be do-able - can't guarantee this though!

I saw the property yesterday. It's in GOOD CONDITION - bathroom is fairly new, kitchen has a good few years in it yet. The boiler looks dated, so I guess that will need an upgrade at some point - £2k for one of these with a 7 year warranty. Apart from that, at change of tenancy it will need only cosmetic stuff - like every rental property. It's on a good corner plot too.
It's TENANTED ALREADY - nice couple - want to stay on. They are paying £650 per month. You could buy it with them in it.