SOLD VERY SMART HOUSE for £135k / £650PCM rent

The days of discount deals seem to be gone - certainly in the short term. I've seen average properties selling for £lots! in recent weeks. 

However here is a 3 bed property that will make sense for someone. It's very well presented inside and out, will rent very easily, and should attract a good quality tenant.

Advertised at £135k, it's going to sell for very close to that, and will rent for £650PCM. In terms of upgrading required, we can't see anything but have allocated £500 on the basis that every property needs something!

Return on Investment Figures Here. 

Agent is michael.haig@horts.co.uk 

NEW BUILD : Ultra Easy Investment For Someone!

I visited this development recently, which features new build apartments, and is well located - as with all new build it will rent really well. 

It's not the sort of thing that I usually promote, but the Return on Investment figures are pretty decent here (18%), assuming you're buying with a mortgage. And as it's new, the builder guarantees for the first 2 years so there should be no nasty surprises - very easy to do the projections. For the cautious investor, who wants to be completely hands off, these things will be fine. 

Asking prices from the builder of £101k (1 bed) and £118k (2 bed). Clearly you negotiate.

Return on Investment Figures Here.

My contact details here.

Landlords : Keep your financial calculations REALISTIC.

There's been a lot of coverage in the national media recently about the Bank of Ireland raising interest rates on mortgages that people thought would always track the base rate. Apparently there's some small print in the mortgage terms that permits this - in some cases from around 1% to around 5% in a matter of months. If you're affected, they will have written to you, but it seems to relate to mortgages taken out BEFORE 2007 and either with the Bank of Ireland or with Bristol & West (who were subsequently taken over). 
Clearly there's been a big backlash from landlords already (see http://www.property118.com/index.php/bank-of-ireland-increase-differential/37002/) and it will be interesting to see if the bank maintains it's position, whether there's a legal challenge, and what the outcome eventually is. However the whole episode should serve as a reminder to all property owners that things can down as well as up. 
In the early 2000's many landlords convinced themselves that property prices could only ever go up, and were brought back to reality by events from 2007 onwards. Today we benefit from an exceptionally low Bank of England base rate, and there are even whisperings this may fall further. As a result some people are lucky enough to have very low tracker mortgages - but it will not always be like this. Interest rates, in the medium term, can only go one way, and sensible landlords will to consider how they will respond when their rate starts creeping up. Others, certainly, will somehow allow themselves to believe that low rates will last for ever.
Equally we should all be mindful of the dreaded 'variable rate' where banks can pretty much charge what they want - most of these are currently just below 5%, but there's little stopping lenders from raising them if they see fit. I have a couple of these myself and am mindful of this. 

Then of course there is the rental value of property itself. The London-centric national media loves to print stories about rents going up "nationally", but Belvoir colleagues in other areas of the UK tell me that the opposite is true, and whilst in Northampton & Rugby rents have increased slightly, we're starting to see Landlords struggling to get premium rents in a few locations. Sensible landlords understand this and haven't based their entire financial calculations on always getting a premium rent. Others have done exactly that and struggle financially when this doesn't come to fruition. The over-riding message to all property owners is to do your figures based on a worst case scenario and don't end up in a situation where you NEED a rising housing market, low interest rates, and high rents to make your investment work.

SOLD Semilong, 2 Bed Terrace, 20% Return on Investment

Baker Street, Semilong, Northampton, 2 Bed House, Return on Investment of 20%

Just seen this nice little house in Semilong, great return on investment figures and a good buy in the current market. It's a 2 bed terraced house that's pretty much ready to go and will tenant quickly @ £600 PCM. A little top-heavy maybe at £115k, but it's not out of the question that it will sell for that in the current market. Can you get it for less is the question!

Return on Investment Figures Here

If you're interested, email us here.