Clare Road, Maidenhead - 3 Bed Semi - Hot Spot For Tenants!

Hello everyone, Places in good condition on Clare Road are always worth flagging to you! This area of town continues to be popular with tenants and in this condition will attract some interest on the rental market! It's on the market with Braxton for £450K.... well worth giving them a call!

http://www.zoopla.co.uk/for-sale/details/41759304

What will the 0.25% Interest Rate do to the Maidenhead Property Market?

I had an interesting chat with a Taplow landlord who owns a few properties in the town. We had never spoken before, but he approached me after reading my blog on the Maidenhead Property Market. The landlord wanted to know my thoughts on how the recent interest rate cut would affect the Maidenhead property market and I would also like to share these thoughts with you……

Well it’s been a few weeks now since interest rates were cut to 0.25% by the Bank of England as the Bank believed Brexit could lead to a materially lower path of growth for the UK, especially for the manufacturing and construction industries. You see, for the country as a whole, the manufacturing and construction industries are still performing well below the pre-credit crunch levels of 2008/09, so the British economy remains highly susceptible to an economic shock. This is especially important in Maidenhead, because even though we have had a number of local success stories in manufacturing and construction, a large number of people are employed in these sectors. In Maidenhead, of the 32,658 people who have a job, 4,685 are in the manufacturing and construction industries meaning 14.3% of Maidenhead workers are employed in Manufacturing 

and Construction

The other sector of the economy the Bank is worried about, slightly less relevant to the Maidenhead economy, is the Financial Services industry which employs 1,052 people in Maidenhead, making up 3.2% of the Maidenhead working population.

Together with a cut in interest rates, the Bank also announced an increase in the quantity of money via a new programme of Quantitative Easing to buy £70bn of Government and Private bonds. Now that won’t do much to the Maidenhead property market directly, but another measure also included in the recent announcement was £100bn of new funding to banks. This extra £100bn will help the High St banks pass on the base rate cut to people and businesses, meaning the banks will have lots of cheap money to lend for mortgages ….. which will have a huge effect on the Maidenhead property market (as that £100bn would be enough to buy half a million homes in the UK).

It will take until early in the New Year to find out the real direction of the Maidenhead property market and the effects of Brexit on the economy as a whole, the subsequent recent interest rate cuts and the availability of cheap mortgages. However, something bigger than Brexit and interest rates is the inherent undersupply of housing (something I have spoken about many times in my blog and the specific affect on Maidenhead). The severe undersupply means that Maidenhead property prices are likely to increase further in the medium to long term, even if they remain flat in the short term. This only confirms what every homeowner and landlord has known for decades .. investing in property is a long term project and as an investment vehicle, it will continue to outstrip other forms of investment due to the high demand for a roof over people’s heads and the low supply of new properties being built.

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"Maidenhead's Landlord’s best kept secret"

If you are a private landlord in Maidenhead and you are struggling to find the right tenant for your property – Then why not advertise for FREE with unlimited text and pictures on the Maidenhead Houses to Let, For Sale or Wanted FACEBOOK GROUP. 

There is a growing membership of over 500 local Maidenhead members most of which are tenants. 

Click the Link to join. Tenants and Landlords welcome!

https://www.facebook.com/groups/1691397431092425/

Boyn Hill Road area, Maidenhead - 2 Bed - Quick turnaround on offer!

Good afternoon, just spotted this 2 bed terrace come to the market with Pike Smith & Kemp for offers in excess of £350K. 2 bedroom properties are as popular as ever with the tenants, and being in good condition and no onward chain this could be flipped back on the market in a matter of weeks. It's in the Boyn Hill Road area of Maidenhead and at the minute 2 beds like this are going for around £1,250 PCM...

More details and pics below

http://www.rightmove.co.uk/property-for-sale/property-44603514.html

Wentworth Crescent, Maidenhead - 3 Bed end of terrace - Auction Alert

Good evening, Auctions are not for everyone but they can often through up a bargain! This place will definitely go for well above the guide price of £230K.... The auction is on the 10th October so all you investors and landlords looking to get a deal then get on the phone to the guys at Barnard Marcus. Similar 3 bedroom properties in the area are going for around the £350K mark...... 

http://www.zoopla.co.uk/for-sale/details/41714417

Only 16% of Maidenhead Properties have less than 3 bedrooms - Problem or Opportunity?

The orthodox way of classifying property in the UK is to look at the number of bedrooms rather than its size in square metres.

In previous articles, I have analysed the Maidenhead housing stock into bedrooms and type of property, but now have I cross-referenced type against bedrooms. These figures for the Royal Borough of Windsor and Maidenhead area make fascinating reading. It shows that only 16% of all properties in the area have less than 3 bedrooms. I was genuinely surprised at the low numbers of one and two bed properties, particularly 2 bed semis detached houses, especially as tenants like the smaller one and two bed properties in Maidenhead.

	Detached	Semi-detached	Terraced (including end-terrace)	Flat
1 bedroom	42	58	45	493
2 bedrooms	228	740	1,168	2,312
3 bedrooms	1,945	6,087	3,875	501
4 bedrooms	5,646	2,613	1,028	63
5 or more bedrooms	4,018	704	171	46

On top of this, there has been an increase in the numbers of properties on the market over the last 12 months, and in particular an increase in the proportion of 1 & 2 bedroom properties available now compared to last year. There is now almost double the amount of 1 & 2 bed properties on the market than at this time last year. Typically we see somewhere between 0.5 % - 2.5 % of housing stock on the market. In the Maidenhead market at the moment we have 6.6% of 1-bedroom stock and 4.6% of 2-bedroom stock on the market.

It can quite clearly be seen from the graph above that more Maidenhead properties have become available, which can only be good news for Maidenhead first time buyers and Maidenhead buy to let landlords looking for a bargain (especially post Brexit) as property prices have stopped rising at the silly rates they were 12/18 months ago.

The reasons behind this change are quite clear. For several years Maidenhead buy-to-let investors have been the only buyers at the lower end (starter homes) of the market, as they have been enticed by high tenant demand and attractive returns. Some Maidenhead landlords believe their window of opportunity has started to close with the new tax regime for landlords, whilst it already appears to be opening wider for first-time buyers. This is great news for first time buyers ... but one final note for Maidenhead landlords ... all is not lost ... you can still pick up bargains, you just need to be a lot more savvy and do your homework ... one source of such information with articles like this is the Maidenhead property market Blog.

Blackamoor Lane, Maidenhead - 3 Bed Terrace - Popular Investment Area

Doing my daily search of the various property sites, I just noticed this tidy 3 bedroom house in Blackamoor Lane, tenants love this part of Maidenhead so any potential Landlord should not ignore opportunities in this area. You could expect a rental income in the region of £1,400 PCM for a property in good condition like this one. 

It's on the market with Roger Platt so give them a call for more details.....

http://www.zoopla.co.uk/for-sale/details/41663654

Only 16% of Maidenhead Properties have less than 3 bedrooms - Problem or Opportunity?

The orthodox way of classifying property in the UK is to look at the number of bedrooms rather than its size in square metres.

In previous articles, I have analysed the Maidenhead housing stock into bedrooms and type of property, but now have I cross-referenced type against bedrooms. These figures for the Royal Borough of Windsor and Maidenhead area make fascinating reading. It shows that only 16% of all properties in the area have less than 3 bedrooms. I was genuinely surprised at the low numbers of one and two bed properties, particularly 2 bed semis detached houses, especially as tenants like the smaller one and two bed properties in Maidenhead.

	Detached	Semi-detached	Terraced (including end-terrace)	Flat
1 bedroom	42	58	45	493
2 bedrooms	228	740	1,168	2,312
3 bedrooms	1,945	6,087	3,875	501
4 bedrooms	5,646	2,613	1,028	63
5 or more bedrooms	4,018	704	171	46

On top of this, there has been an increase in the numbers of properties on the market over the last 12 months, and in particular an increase in the proportion of 1 & 2 bedroom properties available now compared to last year. There is now almost double the amount of 1 & 2 bed properties on the market than at this time last year. Typically we see somewhere between 0.5 % - 2.5 % of housing stock on the market. In the Maidenhead market at the moment we have 6.6% of 1-bedroom stock and 4.6% of 2-bedroom stock on the market.

It can quite clearly be seen from the graph above that more Maidenhead properties have become available, which can only be good news for Maidenhead first time buyers and Maidenhead buy to let landlords looking for a bargain (especially post Brexit) as property prices have stopped rising at the silly rates they were 12/18 months ago.

The reasons behind this change are quite clear. For several years Maidenhead buy-to-let investors have been the only buyers at the lower end (starter homes) of the market, as they have been enticed by high tenant demand and attractive returns. Some Maidenhead landlords believe their window of opportunity has started to close with the new tax regime for landlords, whilst it already appears to be opening wider for first-time buyers. This is great news for first time buyers ... but one final note for Maidenhead landlords ... all is not lost ... you can still pick up bargains, you just need to be a lot more savvy and do your homework ... one source of such information with articles like this is the Maidenhead property market Blog.