As they say it all about location, so with this place on Bargeman Road which is just off Shoppenhangers Road its great for access to the Maidenhead Train station! This is a highly rentable property once you've given that much needed lick of paint to satisfy the demanding tenants! Its on the market with Roger Platt for £325K and for that you can expect a yield of 4% which is not going to set the world a light.....but with this location you can expect some top end capital growth.
Houses in this location tend to move quickly so get on the phone.....see the link below for more details.....
http://www.zoopla.co.uk/for-sale/details/37919243
Thursday, August 27, 2015
Tuesday, August 25, 2015
Blakeney Court, Maidenhead - Attractive 2 bed Maisonette!
I may sound like a broken record, but the 2 bed properties in Maidenhead are so much in demand that I had to bring this one to your attention. Unlike many other Maisonette's this one is set in attractive looking property and therefore stands out from the crowd....as a result I think this will get some interest. Its in with Prospect for £229,950 which will give you a return of well over 5%.....
More pics below....its in pretty good condition so worth a look!
http://www.zoopla.co.uk/for-sale/details/37886591
More pics below....its in pretty good condition so worth a look!
http://www.zoopla.co.uk/for-sale/details/37886591
Monday, August 24, 2015
The ‘Liquorice Allsorts’ Maidenhead Property market
Despite the UK economy heading in the right direction with
record low mortgage rates and unemployment figures dropping, the rate of
property prices rising in Maidenhead have tempered since the start of the year.
This slow but sure downward trend in the rate of growth has been in evidence
since mid-2014. Property value increases
continue to outpace the growth in salaries, however the gap is closing, helped
by a lift in salaries over the last 6 months.
Property values in the South East region as a whole are 9.1% higher than
a year ago. Compare this to the
neighbouring regions of the East at 8.8% higher and South West at 3.6%, the
majority of the country continue to see annual house price gains - the
exception being Wales which recorded a slight decline of -0.6%.
Even with the tempering in house price inflation, it does
not necessarily change my outlook that property prices are likely to be firmer
over the second half of 2015 amid heightening activity in the Maidenhead
property market. As stated in a previous
article, there is a current shortage of properties on the market, restricting
supply, which in turn will provide stability and support to Maidenhead property
prices. Therefore, my overall opinion is that Maidenhead property prices will
rise by 6% over 2015 and roughly the same in 2016.
Property investment is a long term business. Buying the right sort of property is vital. I
have recently been speaking with a number of Maidenhead landlords about the
importance of a balanced portfolio, when buying and renting out property. The
balance between buying properties that offer good monthly returns (high yields)
but quite often offer poor capital growth (i.e. they don't increase in value
that much over the years compared with the average) verses properties that do
go up in value quicker but often offer a lower yield. So, what type of properties have performed
best over the last few years in Maidenhead, especially in terms of their
capital growth?
When comparing what the average price of detached, semi
detached, terraced and flats were selling for back at the start of the
Millennium to the present. The results
are quite remarkably different, almost like a bag of Liquorice Allsorts, as the
different types of property have performed poles apart over the last 15 years:
Detached Houses in 2000 were selling on average for £326,598
and so far in 2015, they have been selling on average in Maidenhead for £675,820
a rise of 107%
Semi -Detached Houses in 2000 were selling on average for £171,499
and so far in 2015, they have been selling on average in Maidenhead for £425,000
a rise of 148%
Terraced Houses in 2000 were selling on average for £154,260
and so far in 2015, they have been selling on average in Maidenhead for £379,086
a rise of 146%
Flats and Apartments in 2000 were selling on average for £103,588
and so far in 2015, they have been selling on average in Maidenhead for £222,081
a rise of 114%
Moving forward, what should new and existing buy to let
landlords do with this information? Well,
the questions I seem to be asked on an almost daily basis by landlords are:
“Should I sell my property in Maidenhead?”
“Is the time right to buy another buy to let property in Maidenhead
and if not Maidenhead, where?”
“Are there any property bargains out there in Maidenhead to
be had?”
I get contacted by a number of landlords who like to discuss
the Maidenhead property market and how Maidenhead compares to other local
markets…..hopefully answering the questions above!
Sunday, August 23, 2015
St. Marys Walk, Maidenhead - 3 Bed Maisonette - Maidenhead Town Centre!
Its pretty rare to see properties like this, which is literally in the town centre! Its on with Romans for £315K - With all the plans a foot for the development of Maidenhead town then this could be quite an investment! Its nicely done out already but might need more of a modern look about it to attract the young professionals. Its interesting so thought I would bring it to your attention!
http://www.rightmove.co.uk/property-for-sale/property-54244802.html
http://www.rightmove.co.uk/property-for-sale/property-54244802.html
Friday, August 21, 2015
High Street, Cookham - 4 Bed Semi - Some more weekly eye candy!
Good evening everybody! This property is fairly unique.....its not too often that you get such a substantial family home appear on Cookham High Street - Its on with Savills for £965K and given the location I would expect it to go for somewhere near the asking price!
Not much more to add on this, other that than if you are looking at an A1 location and an immaculate family home this just might be the place!
http://www.rightmove.co.uk/property-for-sale/property-51364852.html
Not much more to add on this, other that than if you are looking at an A1 location and an immaculate family home this just might be the place!
http://www.rightmove.co.uk/property-for-sale/property-51364852.html
Tuesday, August 18, 2015
College Glen, Maidenhead - 2 bed terrace - full refurb required!
Interesting place this one, I have no hesitation that it will sell in no time at all if there are no hidden issues - I just feel its a tad on the steep side at £360K given the amount of costs involved to get this ship shape, but then again you can expect some healthy capital returns in the long term and with a a highly rentable property on your hands....so all things considered this is a good place for any investor and landlord!
Its on with Andrew Milsom so take a look at the link below for more details:
http://www.zoopla.co.uk/for-sale/details/37823158
Its on with Andrew Milsom so take a look at the link below for more details:
http://www.zoopla.co.uk/for-sale/details/37823158
Friday, August 14, 2015
Church Road, Cookham - 1 Bed end of terrace - Good Investment (No Chain!)
Afternoon all, Cookham bound today! On the market with Pike Smith Kemp for £339,950 - This one speaks for itself, great location, charming one bed cottage - that alone will get the viewers flocking! You don't get a huge amount for your money with this locationsin Cookham but this would still be great as a first time but to let investment, or even a short term holiday let.
Take a look at the link for more details......
http://www.zoopla.co.uk/for-sale/details/36271699
Take a look at the link for more details......
http://www.zoopla.co.uk/for-sale/details/36271699
Thursday, August 13, 2015
Maidenhead Property Market – Bricks and Mortar!
The Land Registry have just released their latest set of
figures for the Maidenhead Property market. It makes interesting reading, as
average property values in Maidenhead rose by 0.7% in May. This leaves average
property values 12.9% higher than 12 months ago, meaning the annual rate of
growth in the town rose to its highest level since September 2014, bucking the
national trend as most of the UK has seen property price growth ease off in the
last six months. When we compare Maidenhead against the regional picture, South
East property values rose by 0.9%, leaving them 9.1% higher than a year ago.
This is good news for local homeowners who had been affected by the downturn
after 2007 and still find themselves in negative equity.
However, the thing that concerns me is that the average number
of properties changing hands (i.e. selling) has dropped substantially over the
last 12 months in the town. In April 2014, 148 properties sold in Maidenhead
but in April 2015, that figure dropped to 83.
I have been following the Maidenhead property market for quite a while
now and the one thing I have noticed over the last few years has been the
subtle change in the traditional seasonality of the Maidenhead property market.
It has been particularly noticeable this year in that the normal post Easter
flood of properties coming onto the market was not seen. This has made an imbalance
between supply and demand, with less houses coming onto the market there is simply
not as much choice of properties to buy in Maidenhead and with the population
of Maidenhead ever increasing, this will generally strengthen house price growth
for the foreseeable future.
So what does all this mean for Maidenhead landlords or those
considering dipping their toe into the buy to let market for the first time? For
many people, buy to let looks a good investment, providing landlords with a
decent income at a time of low interest rates and stock market unpredictability.
However, if you are thinking of investing in bricks and
mortar in Maidenhead, it is important to do things correctly. As an investment to
provide you with income, for those with enough savings to raise a big deposit, buy
to let looks particularly good, especially compared to low savings rates and
stock market yo-yo’s. I must also remind readers, landlords have two
opportunities to make money from property, not only is there the rent (income),
but with the property market bouncing back over the last few years, property
value increases has spurred on more investors to buy property in the hope of its
value continuing to rise.
Savvy landlords with decent deposits can fix their mortgages
at just over 3% for five years, making many deals stack up. Nevertheless, low
rates cannot stay low forever, because one day they must rise and you need to
know your property can stand that test. Some Maidenhead landlords struggled in
the mid noughties, when interest rates rose from 3.5% in July 2003 to 5.75% in
July 2007. That might not sound a lot, but that was the difference of making a
£100 a month profit in 2003 to having to make up a shortfall in the mortgage
payments of £100 per month in 2007.
Its true many landlords were thrown a life raft when the
base rate dropped to 0.5% in March 2009. Whilst interest rates have remained
there since, mark my words, they will rise again in the future. However, even
with the potential for costs to rise, demand for decent rental properties
remains high as there are ever more tenants in the market, driving up demand
and thus rents. The British love of bricks and mortar plus improving mortgage
deals also add up to fuel the buoyant Maidenhead property market.
Friday, August 7, 2015
Bass Mead, Cookham - 4 Bed Detached House - Great Family Home!
Hello, well I often get accused of focusing these articles on what would be attractive to the investors! So today I have picked out a property that looks great for anyone who is looking to buy a family home in the area - this place I think is just that and a result will not be on the market for long. Its a really nice done out place with all the mod cons and looks like a show home....its walking distance to Cookham rise and with 4 bedrooms to boot I don't think this is a bad price and at a shade under £600K.
Its on with Andrew Milsom.....have a look at the link below for more details:
http://www.zoopla.co.uk/for-sale/details/37727086
Its on with Andrew Milsom.....have a look at the link below for more details:
http://www.zoopla.co.uk/for-sale/details/37727086
Wednesday, August 5, 2015
Ludlow Road, Maidenhead - 2 Bed Flat - Take a look!!!
Good evening everybody! I almost missed this one doing the daily search of properties that have come onto the market! 2 Bed flats just seem to be getting ever more popular with renters.....therefore landlords should not not be ignoring places like this! This one I think does need a lick of paint here and there but thats about it! It will rent in a flash and will get yields approaching 5%!
Its on the market with Braxton for £295K, this will get interest from investors and first time buyers so don't be thinking about this for too long or you will miss out!
http://www.zoopla.co.uk/for-sale/details/37678785
Its on the market with Braxton for £295K, this will get interest from investors and first time buyers so don't be thinking about this for too long or you will miss out!
http://www.zoopla.co.uk/for-sale/details/37678785
Tuesday, August 4, 2015
Are ‘would be’ Maidenhead homeowners warming to the idea of renting?
I was reading a report the other day produced by the
Halifax, about the UK property market and why more and more of the younger
generation seem to be renting rather than buying. I find it fascinating that
over the last ten years, the British obsession of buying a house almost as soon
as you left school, and the fact that if you rented you were seen as a second
class citizen, has turned on its head to a point where the hopes and dreams to
own a nice home will be replaced by the ambition simply to live in one.
In the latter half of the 20th Century, you left school, got
a job, bought a small house and kept buying and selling property, constantly
upgrading until eventually they carried you out in a box. However, the perceived
shame and stigma of renting is no longer the case, as it seems that the British
are now beginning to accept a lifetime of renting. This is a very important
consideration for both Maidenhead homeowners and Maidenhead landlords as it will
transform the way the Maidenhead property ladder looks in the future and I
might ask whether or not it will exist at all for some people? The make up of
households is one important factor, especially in the Maidenhead property
market. The normal stereotypical married couple, two kids and dog of the 1970’s
and 80’s has changed. More and more we have the need for larger houses where
two families come together after divorces (+ kids) and need a property to house
everyone through to an increase in the number of one person households.
Looking at the data for Maidenhead, of the 3,352private
rental properties in the Royal Borough of Windsor and Maidenhead Council area, 29.65%
of those rented properties are one person households (994 properties). However,
when we compare the number of one person Maidenhead households who have bought
their own property with a mortgage (i.e. therefore they are still in work), of
the 16,425 owner occupied households in the area, only 1,436 of those properties
are a one person household (i.e. 8.74%). Compared to a decade ago, this
explosion in demand for decent high quality rental properties that one person
households require has not been met with an increase in supply of such
properties. More and more I believe Maidenhead
landlords need to consider this change in the make up of Maidenhead households,
as I believe this could be an opportunity. As an aside, another interesting
stat that raised an eyebrow was that 10.17% of those 3,352 rental properties (341
properties) are lone parents households as well. Again, another possible
opportunity that Maidenhead landlords might want to consider in their future
investment plans.
It is true that the Governments introduction in 2013 of the
Help to Buy scheme, where first time buyers only needed a 5% deposit, changed
the perception of peoples’ ability to buy without having to save ten’s of
thousands of pounds for a deposit. However, it might surprise you, 95%
mortgages were re-introduced within six months of the Credit Crunch in late
2009, so again it comes down to people’s own perception. Many youngsters think
they won’t get a mortgage, so don’t even bother trying.
Coming back to the deposit, it’s still a fact that once you
start renting it becomes that much harder to save for a deposit, regardless of
the size. Interestingly, 7 out of 8 renters polled by the Halifax (86% to be
exact) refuse to sacrifice the quality of accommodation they currently live in
to reduce the amount of rent they pay in order to save for a deposit. This is the crux and the real reason why people
aren’t buying but renting... and why demand for renting will continue to grow
in the future (i.e. good news for landlords). Maidenhead tenants can upgrade
the quality and size of the property they live in for a minimal rent increase.
The average rent of a two bed property in Maidenhead is £1,213pm, a three bed
is £370pm more at £1,583pm, whilst the average four bed rent is £2,502pm. If
you had to make that jump when buying, the monthly mortgage payments would be stratospherically
more than that! Without any social
pressure and better quality rental properties compared to a decade ago, we will
become a nation of renters within the next generation, as the UK is becoming
more like Europe, where renting is ‘the norm’.
Who is going to supply all these
properties to rent? Landlords! Whether you are an existing landlord looking to
grow your portfolio or looking to become a ‘first time landlord’, my thoughts
are take advice from as many people as possible. However, as the majority of
landlords purchase their buy to let properties in the same town they live, you
will need specific advice about Maidenhead itself.
Saturday, August 1, 2015
Courtlands, Maidenhead - 2 Bed Flat - Good First Time Investment!
Morning Maidenhead Property Fans! I've just seen this 2 bed flat come onto the market with Connells for just under £300K. For anyone looking to take the leap into the buy to let market this could be a good starting point. I would say you could expect yields approaching 4.5% which is a tad above average, but this is a great location that tenants really like so you would have no issues in terms of interest.
Take a look at the link below for more details:
http://www.zoopla.co.uk/for-sale/details/37668744
Take a look at the link below for more details:
http://www.zoopla.co.uk/for-sale/details/37668744
Subscribe to:
Posts (Atom)