Here are this week's 3 Best Buy-To-Let Deals...

Property 1:

3 Bed End of Terrace House for Sale   £155,000
Tolethorpe Square, Stamford.  On the market with Knight Partnership.

 

Probably the best buy-to-let property to come to market over the past 4 weeks...

 

We always get asked for this type of property from young families looking for a longer term let.  3 bed semi's are highly sought after and with longevity this property has to be high on any investors priority list. Offered with a current rent of £695pcm and based on its asking price, the yield would come in at 5.3%. It's a wonderful investment, if you are a first time landlord.

Price: £155,000
Rent: Approx. £695pcm
Yield: c5.3%

Click this link for more details on this property:
http://www.rightmove.co.uk/property-for-sale/property-56391751.html

 

 

Property 2:

 

3 Bed Semi-Detached House for Sale   £187,500

Heath Drive, Cottesmore.  On the market with Murray Estate Agents.

If you're an investor looking for long term investment, look no further than Oakham's surrounding villages for a fantastic market.  With this great 3 bed semi, not only would you be the beneficiary of capital growth, you’d also find yourself with long term tenants paying c£725pcm which would bring the yield in at 4.6%.

 

It’s also the type of property where you could add value to at a later date with an extension (STLPP).

 

Price: £187,500

Rent: Approx. £725pcm

Yield: c4.6%

Click this link for more details on this property:

http://www.rightmove.co.uk/property-for-sale/property-62279960.html

Property 3:

1 Bed Apartment For Sale   Guide Price ££95,000
West Walk, Oakham.  On the market with UPP Property Agents.

This 1 double bedroom apartment benefits from allocated parking and is located close to Oakham train station, yet comes without the noise pollution the station brings.  We have had this property let out for the last 6 years to the same tenant but now the property could do with a little uplift to bring the rent back in line with market rate.  Currently achieving £395pcm (below market rate) and with a purchase price of £90,000 the yield would come in at 5.2%

 

 

Guide Price: £95,000

Rent: Approx. £395pcm

Yield: c5.2%

 

Click this link for more details on this property:

http://www.rightmove.co.uk/property-for-sale/property-39923388.html

If you would like to discuss any of these in more detail, or if you are considering another property, please do get in touch with me.  I am here to help and will be glad to discuss any property with you.

David Crooke, Owner and Managing Director

UPP PROPERTY AGENTS
Understanding People and Property

We are here to help you buy, sell, rent and manage your homes and property investments.

Email: david@upp-property.co.uk

Stamford: 01780 484 554      Oakham: 01572 725 825

      

What is really happening in our local property market?

Well, it’s been a few months since Brexit and as we settle into autumn with Great British Bake Off, Strictly and the football season, and the newspapers are returning to their mixed messages of good news, bad news and indifferent news about the Brit’s favourite subject after the weather ... the property market.

The thing is, the UK does not have a singular housing market.  Instead, it is a patchwork of mini property markets all performing in different ways.  At one end of scale is South West London, which has seen average prices drop in the last 12 months by 6.2%, whilst in our East Midlands region, house prices are 7.9% higher.  But what about Stamford?

Great news - property prices in Stamford are 6.8% higher than 1 year ago and 2.2% higher than last month.

So, what does this mean for property owners – be they landlords or homeowners?  In reality, not that much unless you are selling or buying.  Most sellers are buyers anyway, so if the one you are buying has gone up in value, it’s fair to say that yours has also gone up.  Everything is relative and what I would say is this, if you look hard enough, there are (even in this market), still some bargains to be had.

However, the most important question you should be asking though is not simply what is happening to property prices, but which price band is selling?  I like to keep a close eye on the local property market on a daily basis because it enables me to give the best advice and opinion on what (or not) to buy in the area.

Using statistics obtained from the Land Registry and Rightmove, if you look at Stamford and split the property market into 4 price bands of equal size, each price band would have around 25% of the property in Stamford, from the lowest in value (the bottom 25%) all the way through to the highest 25% band (in terms of value).

·         Nil to £190k                         30 properties for sale and 51 sold (stc) i.e. 62% sold

·         £190k to £270k                  33 properties for sale and 53 sold (stc) i.e. 61% sold

·         £270k to £400k                  31 properties for sale and 24 sold (stc) i.e. 43% sold        

·         £400k +                                 33 properties for sale and 19 sold (stc) i.e. 36% sold

Fascinating, don’t you think, that it is Stamford’s lower to middle market that is doing the best?

The next 9 months’ activity will be crucial in understanding which way the market will go this year after Brexit.  But, Brexit or no Brexit, people will always need a roof over their heads and that is why the property market has ridden the storms of oil crisis in the 1970’s, the 1980’s depression, Black Monday in the 1990’s, and latterly the credit crunch together with the various house price crashes of 1973, 1987 and 2008.

And why? Because Britain’s chronic lack of housing will prop up house prices and prevent a post spike crash.  There is always a silver lining when it comes to the property market!

For professional advice on buying, selling, renting and managing your personal homes and property investments please call David Crooke, Owner and Managing Director.

 
UPP PROPERTY AGENTS
Understanding People and Property



Email: david@upp-property.co.uk

Stamford: 01780 484 554      Oakham: 01572 725 825

 

 

 

This week's 3 best buy-to-let deals on the Stamford & Rutland property market are...

PROPERTY 1:

2 Bed End of Terrace House for Sale  £160,000
Drift Avenue, Stamford.  Marketed by Knight Partnership

 

This 2 bedroom end of terrace property is offered in excellent decorative order and is just the type of property a new investor should be looking for. There is little expense needed when offering this superb property to the rental market.  With a rental return of c£625pcm the yield would come in at just over 4.6% (based on paying asking price).  We could let this property 4 times over in this location!

 

Price: £160,000

Rent: Approx. £625pcm

Yield: c4.6%

 

Click this link for more details:

http://www.rightmove.co.uk/property-for-sale/property-56322532.html

 

PROPERTY 2:

3 Bed Terrace House for Sale  £149,950
Tods Terrace, Uppingham.  Marketed by Murray Estate Agents

Uppingham rarely offers such a fantastic rental investment and this property located in Tods Terrace is very hard to ignore.  If you are serious about your investments, then this property should be high on your priority list.  You should achieve c£595pcm - £625pcm and based on the lower figure, that is a yield return of close to 5.5% which is phenomenal for the Rutland market.

Price: £149,950
Rent: Approx. £595-£625
Yield: c5.5+%

Click this link for more details:
http://www.rightmove.co.uk/property-for-sale/property-44622762.html

 

 

PROPERTY 3:

 

2 Bed Maisonette for Sale  Guide Price £130,000

Queens Road, Uppingham.  Marketed by UPP Property Agents

Another quality rental property is this leasehold maisonette.  Also located in Uppingham and offered in outstanding decorative order. It is a property that would let out fantastically well and with a large garden and driveway parking, any tenant/s looking to move here would probably want a long term tenancy.  It offers everything and would achieve £575pcm and that would bring in a yield of 5.3%. A serious contender for the best B-T-L of the week.

 

 

Guide Price: £130,000

Rent: c£575pcm

Yield: c5.3%

 

Click this link for more details:

http://www.rightmove.co.uk/property-for-sale/property-44016264.html

If you would like to discuss any of these in more detail, or if you are considering another property, please do get in touch with me.  I am here to help and will be glad to discuss any property with you.

David Crooke, Owner and Managing Director

UPP PROPERTY AGENTS
Understanding People and Property

We are here to help you buy, sell, rent and manage your own homes and property investments.

Email: david@upp-property.co.uk

Stamford: 01780 484 554      Oakham: 01572 725 825

 

Stamford Property Market in 2017 and Beyond

As the leaves on the trees turn from green to hues of red and brown, the Stamford property market has a confident feel to it.

With the underlying fundamentals of a continued lack of properties being built, a shortage of properties coming to the market (both in terms of quantity and quality), and the continued low mortgage rate environment, buyer enquiries from first time buyers and buy-to-let landlords is strong and motivation is even stronger given those inexpensive lending rates and general demand caused by under supply.

Property ownership, whether it’s as a home for yourself or as a buy-to-let investment, is a long term investment and commitment.  In fact, an increasing number of landlords with properties in Stamford have recently contacted me asking me for my thoughts on the future of the town’s buy-to-let market.  As the politician Edmund Burke said in the 18^th century, "Those who don't know history are destined to repeat it”.  In other words, to see the future you must look into the past.

Since the millennium, the housing market has had everything thrown at it; the recent Brexit result, last year’s general election, the near melt down of the world economy with the ‘credit crunch’, The dot com boom (and bust), the housing market crisis in 2008, the housing boom of 2001 to 2004 … the list goes on.  To demonstrate this, there is a graph (courtesy of the Land Registry) of average property values since the millennium in the South Kesteven District Council (SKDC) area.

Even though we had the dot com bubble burst in 2000, just 2 years later in 2002 property values in the SKDC area had risen from £65,200 (in Jan 2000) to £87,800 - and kept rising to September 2007 when they peaked at £180,900.  Then the credit crunch hit us and property prices continued to fall until July 2009 where they averaged £143,800.  But, look where they are now … £190,000.

The point I am trying to get across is long term future property values are more helpful to landlord investors than the month-by-month headline grabbing micro movements in the property market.  If you refer to the graph again you will notice the overall growth in property values follows an upward trend BUT, the average darts about as each month goes by.

So, don’t watch the property indexes and panic if values drop next month or the month afterwards, because even in the glory days of 2001 to 2004 and 2012 to 2014, without fail, values always dropped slightly around Christmas.  People will always need a roof over their heads, and if they can’t buy and the council aren’t building anymore, only buy-to-let landlords can meet that ever increasing demand.

Stamford landlords are being hit in the pocket with the new up and coming taxation rules and, yes, we might have a bumpy ride on the run up to Christmas (because of the points raised earlier), but Brexit or no Brexit, the trend will be a slow and steady upward momentum of property values, demand for rental properties and yields in the Stamford property market into 2017 and beyond.

For professional, trustworthy advice on buying, selling, renting and managing your personal homes and property investments please call David Crooke, Owner and Managing Director.

 
UPP PROPERTY AGENTS
Understanding People and Property



Email: david@upp-property.co.uk

Stamford: 01780 484 554      Oakham: 01572 725 825

 

Not 3, but 4 great buy-to-lets on this week's Rutland & Stamford property market..

With Oakham experiencing such a positive and buoyant rental market currently, I have selected 3 strong properties to consider this week, and 1 great property that's caught my eye in Stamford.

PROPERTY 1:

3 Bedroom Town House for Sale.  £199,950

Coleridge Way, Oakham.  On the market with Moores.

 

3 storey town houses have just started to creep over the £700pcm threshold in Oakham.  We have recently let one out at £725pcm on Kilburn End in Oakham and we were delighted with the amount of applications we received.  This property would probably fetch a similar amount £725pcm which would bring in a yield of 4.4%.  A decent return for a low maintenance property.

 

Price: £199,950
Rent: Approx. £725pcm
Yield: c4.4%

Click this link for more details on this property:

http://www.rightmove.co.uk/property-for-sale/property-61931453.html  

PROPERTY 2:
3 Bedroom Town House for Sale. Guide Price £175,000
Graffham Drive, Oakham.  On the market with James Sellicks Estate Agents.

Having spoken to the agents selling this property this week, you would be able to acquire the property at £170,000 and with a return of £695pcm the yield would come in close to 5%. An excellent property that should be low maintenance and great purchase for all new buy-to-let landlords.

Guide Price: £175,000
Rent: Approx. £695pcm
Yield: c5%

Click this link for more details on this property:

http://www.rightmove.co.uk/property-for-sale/property-54968572.html

PROPERTY 3:
2 Bedroom Apartment for Sale.  Guide Price £119,950
The Sidings, Oakham.  On the market with UPP Property Agents.

Having been reduced from £129,950 to now £119,950 and with a return of £550pcm on the rent, these properties on The Sidings are a tremendous purchase. The gross yield is 5.5% but, do remember you have to pay a service and maintenance charge with all leasehold properties that will eat in to your return.

You should still clear 4.5% yield with  this property and is definitely one that would let out easily.

 

Guide Price: £119,950

Rent: Approx. £550pcm

Yield: c4.5+%

 

Click this link for more details on this property:

http://www.rightmove.co.uk/property-for-sale/property-43995063.html



PROPERTY 4:
2 Bed Terraced House For Sale.  £155,000
Little Casterton Road, Stamford.  On the market with Newton Fallowell

An immaculate 2 double bedroom mid terrace property located close to town. This property would make a wonderful rental investment because the condition is excellent and the location is just as good. You can expect a rental return of c£625pcm which would bring in a yield of 4.8%. A very sensible first time investment also.

Guide Price: £155,000
Rent: Approx. £625pcm
Yield: 4.8%

Click this link for more details on this property:
http://www.rightmove.co.uk/property-for-sale/property-60336683.html


If you would like to discuss any of these in more detail, or if you are considering another property, please do get in touch with me.  I am here to help and will be glad to discuss any property with you.

UPP PROPERTY AGENTS
Understanding People and Property

We are here to help you buy, sell, rent and manage your own homes and property investments.

Email: david@upp-property.co.uk

Stamford: 01780 484 554      Oakham: 01572 725 825

 

‘Savers’ batten down the hatches with low interest rates

Read the newspapers and every financial commentator is stating that with the decision of The Bank of England’s Monetary Policy Committee in early August to cut the base rate to an all time low of 0.25 per cent, savers should prepare themselves for interest rates to stay low well into the early 2020’s.

... And this isn’t some made up story to capture the headlines. The ‘yield’ (a posh word for interest rates and return) on Government 10-year bonds is currently 0.61%.  This indicates that the money markets believe that The Bank of England’s base rate will, on average over the next 10 years, be below the 0.61% rate they are buying the 10-year bonds at (because they would lose money if the average was over 0.61%). UK interest rates are going to be low for a long time.

For those who have saved throughout their working lives and are looking for ways to maximise on their savings, tying money into property could prove advantageous.  I did a search of the internet and the best savings rate I could find was a 5-year fixed rate at 2.5% pa with ‘Weatherbys Bank’.  A considerable £200,000 ‘nest egg’ or inheritance windfall would earn you £5,000 pa – not much.  Conversely, growth in Oakham house prices and princely buy-to-let yields have made property investment in Oakham an appealing option for many.  According to my research, the...

Average yield over the last 5 years for Oakham buy-to-let property has been 5% pa, and average property values over the same period have risen by a very respectable 21.1%

Using these averages, the Oakham landlord’s property would be worth £242,200 and they would have received a total of £50,000 in rent – generating a total return of £292,200.  Meanwhile, looking at our ‘savers’ (using the average savings rates for the last 5 years - even if they had reinvested the interest), their £200,000 would only be £221,184.

There are of course risks as well as benefits with buy-to-lets though.  As my blog readers know, I tell it like it is, and investing in buy-to-let means locking up capital in a property that may fall in value.  Another option would be stock market income based investment funds, which are paying around 5%, especially if put your nest egg into a tax free stocks and shares ISA. 

 

The other side of the coin is that you cannot buy an unloved ‘stock market income based investment fund’ and set about renovating it and adding value yourself!

 

Selling, buying, renting and managing your homes and property investments shouldn't be stressful, and we treat your property as if it were our own.  Please get in touch with us - we offer independent, trustworthy advice on the Rutland and Stamford property market.

 

David Crooke

Managing Director

 

UPP Property Agents   Rutland 01572 725 825 and Stamford 01780 484 554

 

david@upp-property.co.uk

 

 

 

3 Great Buy-To-Let Deals on the market this week in Rutand and Stamford

Property 1:
2 Bedroom Terraced House For Sale.  £136,500
Ladywell, Oakham.  On the market with Gilbert & Thomas

 

 

Fabulous 2 bedroom house in a prime rental development.  'Ladywell' is a great location to start your buy-to-let portfolio - especially freehold properties like this one.  Offered to the market in excellent order, this property makes for a wonderful investment.  Achievable rental income of £575pcm. Yield return of over 5%. A rental property that must considered.

Price: £136,500
Rent: Approx. £575pcm
Yield: 5+%

 

Click this link for more details:

http://www.rightmove.co.uk/property-for-sale/property-61235063.html 

 

 

Property 2:

2 Bedroom Semi-Detached House For Sale.  £150,000

Northumberland Avenue, Stamford.  On the market with Sharman Quinney

 

Spacious ex-local authority properties within close proximity to town are always highly in demand with tenants wishing to put down long-term roots.  They normally command a rental return of c£625pcm which is exactly a 5% yield.  This property has a good sized rear garden and is offered in good order.  It is exactly what new investors should be looking for. 
 
Price: £150,000
Rent: Approx. £625pcm
Yield: 5%
Click this link for more details:
http://www.rightmove.co.uk/property-for-sale/property-61961600.html


Property 3:
3 Bedroom Terraced House For Sale.  Guide Price £179,950
Kings Road, Oakham.  On the market with UPP Property Agents
 

This spacious property has been an outstanding rental property for the current owner.  We have successfully let this property out for many years, and it always generates lots of positive interest.  We have been achieving an income of £595pcm for the current landlord and, with an expected sale price of £170,000 , the yield would bring in 4.2%.

Why don't you read one of my popular blog articles on the continuing demand and appeal of the 'humble terraced house'?; http://rutland-stamford-property.blogspot.co.uk/2016/08/the-stamford-love-affair-with-its-2800.html
 

 

Guide Price: £179,950
Rent: Approx. £595pcm
Yield: 4.2%

Click this link for more details:

http://www.rightmove.co.uk/property-for-sale/property-44350011.html

Remember...Whichever property you go for, always make sure the boiler is has been serviced regularly!

If you are considering purchasing an investment property, or if you would like to discuss one you already own, please get in touch with us. 

We are here to help you buy, sell, rent and manage your homes and property investments; be that a rental property or your own home.
 

Email: david@upp-property.co.uk
 

UPP Property Agents:  Stamford: 01780 484 554      Oakham: 01572 725 825