Up Up And Away! House Prices Potentially Set To Soar in Tamworth!

Hey everyone, I hope you’re all doing fantastic now the sun is back shining in the sky! Today I’ve come up with an interesting read for you all today that I hope you’ll all enjoy about the house prices in the local area over the last few years, some very insightful information for you all here!

 

Since 2012, Tamworth has had a steady growth in the prices of the average property, I’ve took the statistics from two websites, Home.co.uk and Zoopla both show slightly different growth.

If you are not familiar with it, Home.co.uk is a website that features houses from websites such as Zoopla and Rightmove so they have more statistics to share, whereas Zoopla have agents post properties directly to them, this means that although Zoopla is a good source of information, Home has more accurate data, explaining the massive rise in 2013.


Halifax estimate a 10% rise and Nationwide estimate 9%, so we see that although Zoopla is slightly higher it’s not too far out but Home.co.uk is right on the money.


But most importantly what does this mean for prospective and current landlords? Well I think it could be two things, house prices are set to continue to rise in the area as more people are currently in work and looking to move to the area in fact, a recent BBC survey found that Tamworth has a shrinking unemployment base and higher wages. So this could mean that more people are looking to move to the area for work. We can also see from the below graph that less houses have been sold 2014-2015 and in fact we are noticing less “For Sale!” boards so this could be a fantastic time to invest, it may actually be your last chance to make a great purchase before the average price rises even more.
 
The BBC Article also confirms what many agents have personally been telling me over the last few months – More and more people are looking to Tamworth to boost their incomes due to the prices of houses being cheaper than surrounding areas like Sutton Coldfield as well as it’s fantastic road network that easily connects to places like Birmingham and Leicester.
 
So could it be worth it for you? 
 
 

Remember though, It’s always important to do your homework and get sources from multiple places. Advice is a key thing too, I am local, I know the area better than the big business’ who just see you as another number and I always do my homework before giving you advice on what to do! so if you’d like to talk about Property Investment in Tamworth or the surrounding areas, contact me!

Don’t forget to visit the links below to view back dated deals and Tamworth Property News. 
 


Going Going Gone ! Tamworth Property at Auction 11th June

If you’ve ever been to a property auction you may be aware that newbies sometimes get over excited and pay a premium for a property. The savvy landlords out there  may be interested in the little number I’ve just found, its’ being advertised by Auction House and is being auctioned on 11th June at Bank’s Stadium, Walsall.

The non standard construction (Wates) house has a guide price of £77,500 and that’s not a bad price if you can purchase at this. Looking at recent sold prices in this road, I noticed that a 3 bed mid terrace was sold July 2014 for £118,500, yes it had been faced up, but even so this 2 bed is still a good price.

This mid terrace property is located in a popular residential area, is close to local amenities and favoured schools. The house which is in need of a kitchen and possibly a bathroom though there are no pictures of the bathroom to confirm either way. The house also needs some TLC.

It should rent out pretty quickly. I would expect to achieve rent of £595pcm giving an annual yield of 9.12% much better than what the banks are offering! I have not calculated the refurbisment costs so this needs to be taken in consideration before signing on the dotted line. This sounds like a win-win situation for an investor.
Also , don’t forget you can always put in an offer to secure a property prior to the auction if you are happy to pay the book price and the deal figures work for you [LTV, Yield , refurb. costs etc.] if you believe that at the  auction date the book price is going to escalate.

But always remember to get the best advice and expert opinions you can. Speak to me, speak to others and most importantly do your homework. As long as landlords buy the right sort of property, that allow for a reasonable yield and/or decent capital growth, everyone will be a happy winner.

For any more advice, feel free to give me a call. 07531484956

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01827 425195, you can always email me on Lorraine@hallandthompson.co.uk
Don’t forget to visit the links below to view back dated deals and Tamworth Property www.tamworthpropertyblog.co.uk

 

 

Don’t Get Bowled Away By The Beautiful Bowling Greens In This One! – Here’s Our Property Of The Week – Shuttington, Tamworth

Another busy week has just flown by and I’ve been looking around for our property of the week to share with you all. If you’re new to this, blog our property of the week is a showcase of the most spectacular houses in the local area and week by week, we pick what we think is the type of house you may be dreaming of buying!

I come across this outstanding country house advertised by Right Estate Agents of Birmingham, it had been listed back almost a year ago as previously mentioned in this blog from last week. The owners have increased the asking price on this property since first listing from £850,000 to £925,000… So you would hope that this one is going to be something spectacular (and it is!)

This beautiful house located just on the outskirts of Tamworth, in the charming village of Shuttington, is like something out of a fairytale. The last few weeks I’ve featured country homes that are all fantastic but this is possibly the best one yet. The property sits on a massive 1.2 acres of land and is regally decorated throughout, it’s lovely – like something out of  the Country Homes & Interiors magazine. Features include 6 very well proportioned bedrooms (5 of which have en suites) and some of the most astounding outdoor features on a property I’ve ever seen. This house comes with it’s own crown bowling green, fruit cage and kitchen gardens with numerous ponds, chicken houses and a summer house in the immaculate gardens that you will definitely need a ride on mower for!

I hope you all liked this blog and found it informative, I would love to see your comments below about this or any other fantastic properties you may have seen locally!

If you are thinking of getting into the property rental market and don’t know where to start, speak to us for impartial advice and guidance to get the best return on your investment. For more information about other potential investment properties that we could introduce you to, or to ask about our thoughts on your own investment choices, call us now on 01827 425195, you can always email me on Lorraine@hallandthompson.co.uk
Don’t forget to visit the links below to view back dated deals and Tamworth Property www.tamworthpropertyblog.co.uk

 

This property is courtesy of Right Estate Agents, and if you would like to see it in more detail, please visit the following link:
http://bit.ly/1SR9XuY