Burnham - office conversion - Development Opportunity!

Hello Everyone! Well I would not be doing my job properly unless I bought this place to your attention! This place will naturally gain interest from all the investors and with a conversion into 2 flats this could offer a significant return on your investment.....that said I do not have any inside info so the asking price of just under £500K would have to looked at carefully given the potential outlay! 

If this place does hang around there may some hidden snags here and there....I would give the guys at Focus Residential a call to find out more details!

Cant get any photos on this place at the mo, so take a look at the link below.....

http://www.rightmove.co.uk/property-for-sale/property-52470479.html

Court Close, Bray, Maidenhead - 3 Bed Detached - No Brainer!

Hello everyone! Today we off to Bray (well the outskirts anyway..), This was just such an obvious choice to bring to your attention....I think it will get the attention of both owner occupiers and investors....bit of a win win for the vendor! Its just come on the market with Roger Platt for a shade under £530K. 

Its got real potential, it needs some updating but the possibility to extend this is what is the real attraction. Seems a fair price to me and is below the average asking price for the area. Its a sure bet that this will not hang around so you will need to get moving if this rocks your boat!

Have a look at the link below for more details......

http://www.zoopla.co.uk/for-sale/details/37021042

Lillibrooke Crescent, Maidenhead - 3 Bed Semi - One for the Landlords!

Good evening! Were off to Lillibrooke Crescent in Maidenhead....this great place has just come on the market with Prospect for £380K. This is a real popular area for anyone looking to move to Maidenhead...its got primary and secondary schools within easy reach....therefore all you landlords should be taking an interest in this one. 

This place is nicely done out so you could turn this around in a blink of any eye. Yields would be approaching the 5% mark and with capital growth increasing by 15% over the past 3 years this one looks pretty good for the medium and long term as well. 

Have a look at the link below for more details:

http://www.zoopla.co.uk/for-sale/details/35802268

Burchetts Green Road, Burchetts Green - 4 bed detached - something a bit different!

Well good afternoon...where has that weekend sun gone!? 

Today I couldn't resist taking us off to Burchetts Green for a family home that has real potential....I wouldn't categorise this as eye candy just yet but blimey it could be! Its on with Hamptons for £875K.....which at a glance sounds fair to me....this is an area where it is often difficult when comparing prices as every house is so different....so you can tell me what you think if you decide to take a look around?

Whats fairly unique about a place of this size is thats its offered with no onward chain...so any family with a healthy budget this place may just be one....?

More photo's and details on the link below....

http://www.zoopla.co.uk/for-sale/details/36923493

What will the General Election result do to the Maidenhead Property Market?

After the shock of the Conservatives returning to power with a majority at Westminster, all the potential issues and possible uncertainties of a hung parliament has lifted the cloud from the Maidenhead property market.  Talking to Maidenhead Estate Agents, surveyors and solicitors in the area over the last few days, there are signs this has started a new impetus in the Maidenhead property market after a subdued six months, when an amalgamation of tougher lending conditions, a natural correction after the strong recovery in Maidenhead property prices in 2014, and political uncertainty ahead of the General Election slowed demand.

Against the back drop of Labour’s election promises of rent controls and three year tenancies, some Maidenhead buy to let landlords were waiting to see how these new policies would be implemented before they committed themselves to buying more property for their buy to let portfolio. Now that uncertainty has been removed, the long term picture is very positive.

So, with all that uncertainty now removed, where next for the Maidenhead property market?  Well with inflation at zero and with the Money markets happy David Cameron is still at No.10, the Bank of England have no reason to raise interest rates until 2016 at the earliest. As mortgage rates are at their lowest levels since 2010, landlords with large deposits will now be wooed by the mortgage companies in the coming months with low rates.

You see over the past couple of years, Maidenhead landlords have benefitted from a booming Maidenhead job market. Unemployment in Maidenhead has dropped to 1.1%, as a year ago, 799 people were claiming unemployment benefit compared to today’s 548. With more jobs and better pay, as the level of rents is directly linked to tenant’s wages, there has been an increase in the rental prices tenants are willing to pay for good quality Maidenhead properties.

Some landlords might be nervous about Tory’s plans for the housing market over the next five years in terms of tenant demand for their rental properties. One plan is for Housing Association tenants to have the right to buy their property. These kind of tenants were never in the private rented sector and will actually increase the supply of properties in the housing stock in decades to come. The Government ‘Help to Buy Scheme’ has only helped to buy 39 Maidenhead properties since April 2013. Considering 1,244 properties have changed hands in the last year alone in Maidenhead, I don’t think it has made a huge difference to our local property market.

The biggest matter, when it comes to tenant demand of rental property going forward, comes from the shift in the mind-set and attitudes towards renting itself. Twenty years ago you were seen as a second-class citizen if you rented a property. In Maidenhead, as in the rest of the UK (apart from Central London), renting continues to offer good value for money for tenants.  If you are an existing landlord in Maidenhead or thinking of becoming one (or as estate agents like to call you... a FTL... a ‘first time landlord’), then I must suggest you may want to seek out advice and opinions from trusted sources and other landlords you may know?? I will happily continue to give you my opinion on the current state of the market and the advantages/disadvantages to investing in the Maidenhead property market via this blog.

Bell Street, Maidenhead - 2 bed terrace - Central Location

Good morning all! I really like this place.....location alone means you should be onto a winner! Its a short walk to the town centre and when all that promised re-development happens this is the type of place that will reap the benefits. As a landlord you could expect yields around the 4% mark.....but with the added bonus of some good capital growth and with a queue of tenants waiting to rent this off you.....not a bad combination! It needs some work admittedly but this will just add to your profit margins!!!

Its on with Roger Platt...well worth a look!

http://www.zoopla.co.uk/for-sale/details/36836987

St. Lukes Road, Maidenhead - 1 Bed Flat - seems like a good deal!

Good Morning Property Fans! Doing my daily search this nice little 1 bedder jumped out as the one to bring to your attention today. Its on with Connells for £184,950 - all in all I think this looks quite a good deal. If you manage to get hold of this for around the asking price you can expect yields approaching 6%....which is well above the average for Maidenhead. Another plus, this place is good to go....so any potential investor could get this back on the market with no delays for DIY! 

Good luck...I think this will get a bit of interest!

http://www.zoopla.co.uk/for-sale/details/36836484