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Monday, September 19, 2016

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





Saturday, September 17, 2016

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.


Oldershaw Mews, Maidenhead - 3 Bed Town House - Great Returns on Offer!

Good afternoon, I have just seen this 3 storey town come on the market with Mark Carter for £375K - If Homes of Multiple Occupancy (HMOs) are your thing then this is well worth looking at - With potential to increase the number of bedrooms to 5 plus, the potential returns on offer are not be ignored. If this was converted to the right specification then each room could be let for between £500 and £600 per month.... I will let you do the sums! 

Take a look at the link below for more pics....

http://www.zoopla.co.uk/for-sale/details/41642984