Photos of Langworthy End, Holyport - 5 Bed Detached - Top End Investment Opportunity!

Good morning everyone. Ive just seen this property come to the market with Chancellors for £850K..... No pics of the inside yet, but my guess is this will need a bit of work and therefore good well be an ideal project either as an investment to flip back on the market or setting up as a family home. 

http://www.zoopla.co.uk/for-sale/details/40420479

Upcoming investment opportunity in Taplow Village!

There is an upcoming investment /development opportunity in Taplow village. 

The property is set in c.1 acre of land and requires full modernisation and updating. The price of this property would be in the region of £1m. Please contact me on either duncan.price@primequarters.co.uk or on 077869 82997 if you would like to discuss this further. 

Brilliant day filming with Location, Location, Location & Phil Spencer

What a great experience working with the team from Location, Location, Location filming one our properties in Holyport for the upcoming series!

Maidenhead’s ‘Generation Rent’ to grow by 749 households by 2021

“The growth of the private rented sector, and the arrival of an investor class of buy to let landlords within it, is an issue that won’t be going away anytime soon, no matter what you read in the Daily Mail”, I said, as I chatted over a coffee with a landlord client of mine at Palmieri’s Coffee Shop on the Furze Platt Road. Whether you are a landlord of mine (or not as the case maybe), I am always happy to look over any properties you are thinking of buying for buy to let purposes and more so over a coffee!

Some commentators are saying buy to let is about to die, with the new stamp duty changes and how mortgage tax relief will be calculated. Some say 500,000 rental properties will flood the market nationally in the next 12 months as landlords leave the rental market. Have you heard the phrase ‘Bad news sells newspapers’? Let me explain why buy to let in Maidenhead is only going in one direction – and not the direction the papers say they are going.

According to Sheffield University, buy to let landlords will continue fuelling the growth of the private rented sector in the coming decades. By their estimates (and they are considered a centre of excellence on the topic), the rate of homeownership nationally will fall to 50% (today it is 70.7% in Maidenhead) by 2032, while the rate of private sector renting will increase to 35% (interestingly, in Maidenhead it stands at 14.4% today).

Therefore, the demand for rental accommodation in Maidenhead will grow by 749 households in the next five years ... and these are the reasons why, irrespective of the distractions set out in the newspapers

Maidenhead property values over the last six years have risen a lot more than average wages/salaries, meaning as homeownership and mortgage availability is dependent on your ability to pay has served to push home ownership further out of reach for many, at a time when the stock of council houses has actually withered. (Nationally, the number of council houses in the last ten years has dropped from 3.16m to 2.18m households - a drop of 31.1%).

Now it’s true the Tory’s efforts to fix the deficiency of affordable housing have focused on those who want to buy a home, ranging from Help to Buy and their much vaunted Help to Buy Isa, and Starter Homes Scheme, an initiative offering a 20% discount for first time buyers … but if you are unable to save for the deposit ... none of this means anything to the ‘20 something’s’ of Maidenhead ... and they still need a roof over their heads!

Currently, 9,102 people live in private rented accommodation in Maidenhead

These are big numbers and a sizeable chunk of the electorate. So whilst it appears Maidenhead “Generation Rent” youngsters will continue to rent and not buy for the reasons set out above, Maidenhead buy-to-let landlords will be lifted by the projections of greater rental demand. Maidenhead and the area around it still offers the prospect of strong economic growth forecasts and has a reputation as a lively and desirable place to live. You see, with the new rules on tax, more and more landlords will be looking to move away from the previous honeypot of central London, because its higher prices meant lower rental yields. With the new tax rules and central London’s cooling of house price inflation, more and more landlords will look further afield, including Maidenhead (interestingly, I have already been chatting to a few central London landlords after they read the Maidenhead Property Blog).

So, by 2021, the number of rental properties in Maidenhead will rise to 5,149

This prediction in growth of the Maidenhead rental market is even on the back of the government clamping down on tax reliefs for landlords. The point is this, gone are the days of making guaranteed returns on BTL property. For the last 20 to 30 years, irrespective of which property you bought, making decent money on buy to let property was like shooting fish in a barrel – anyone could do it  - but not now. You must take a more considered approach to your existing and future portfolio, especially in Maidenhead. The balance of capital growth and yield, especially in this low interest rate world we live in, means Maidenhead landlords need to do more homework to ensure the investment in property gives the desired returns. One place for Maidenhead landlords and homeowners to visit for such information is the Maidenhead Property Market Blog.

Powney Road, Maidenhead - 2 Bed Terrace House - Popular Area!

Good Morning. Today we are off to Powney Road, this nice 2 bed terrace in the St Marks Road area will prove extremely popular with tenants due to its close proximity to the nearby hospital but still within walking distance to Maidenhead Train Station. In order to maximise your rental income you might want to consider doing some internal decorating (tenants love neutral colours and the odd feature wall!) - All done up you could expect a rental income in the region of £1,200 PCM. 

It's on with Connell's for just under £400K - take a look at the link below for more details.

http://www.zoopla.co.uk/for-sale/details/40313588

Grenfell Road, Maidenhead - 2 Bed Flat - Quick and Easy Turnaround!

Hello everyone, if you are looking to start off your investment career, have limited time and budget then this might just be place to get you going. Any properties in this area of Maidenhead in good condition will rent in no time at all. Tenants looking at this type of place will usually be young professionals who need to do the commuter run everyday.... so the demand is certainly there. Expect yields around the 4.5% mark..... not too bad! Its on with Roger Platt for £350K so give them a call and find out some more info! 

More details below:

http://www.zoopla.co.uk/for-sale/details/40342880

High Street Cookham, 2 bed flat - Not to be missed!

Good Morning, and I hope you are all enjoying your extended weekend! Just had a quick peek to see what has come on the market in the last couple of days and I thought this 2 bedder on Cookham High Street would interest you.... I admit in this type of village location you don't get much for your money but thinking longer term this place will have guaranteed capital growth + its nicely kitted out so all those tenants will love it! 

Its on with Andrew Milsom for £390K, take a look below for more pics!

http://www.zoopla.co.uk/for-sale/details/40296393