Are The Mobile Homes In Amington A Good Investment? Amington, Tamworth.

More and more recently I’ve been spotting mobile houses pop up for sale on Amington Park, Tamworth. When I mention them to landlords, family and friends many people have a pre-conceived idea of what a mobile home is and these unfortunate homes are often stigmatised as being a little bit cheap and trashy. After reading this, hopefully you’ll be able to change your mind if you’re in that camp!

A modern mobile home is an ideal, low cost, low maintenance home, usually for the elderly (which we’re always hearing Britain has a growing number of!) a fantastic summer Holiday home to either rent or use yourself if you’re not from the area, so when they come up for sale in Tamworth I get rather excited thinking about the potential they come with!

Searching around the internet, you can find these low cost homes for as little as £67,500 for a two bed property, with a lovely garden and plenty of space to breathe in and going by the current cost of an average two bedroom mid terrace in the area costing almost £30,000 more, you’re in for a big saving.

But the important question is… Is there a market for this type of property?

In short, yes and no. They do make great holiday homes – Tamworth and the surrounding areas have some fantastic summer attractions, such as Twycross Zoo, Drayton Manor and a generous handful of historic sites such as Tamworth Castle and Lichfield Cathedral, that would make this property more than attractive as a holiday let in the summer to Autumn months but that would leave you with an empty property for half a year, however holiday homes do come with a premium on their rent!

But what about if you wanted to rent to a tenant?

There is a market for low cost, affordable homes in the area and as I’ve discussed – this property I’ve featured would make an exceptionally good let to not only the more mature person  but to those who may be in a lower income threshold. These houses are far cheaper to rent than a bungalow and do not offer the mobility issues that a house may present. If you rented this particular property at just £350 per month, you would still stand to gain a healthy return of almost 7%. The only downside with this type of home is that the service charges may be high!

But it’s really all down to personal preference, personally I think these are great as they are a versatile home and these ones in Amington are especially beautiful. So why not pop down to the area one Sunday afternoon and have a look at a few?

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

 

 

“Property of The Week!” Enchanting Property In Hopwas! – Hopwas, Tamworth.

This week is apparently set to be a scorcher so today I have got a hot property that backs on to Hopwas Woods for you! If contemporary living is your thing, you are going to love this bourgeois bungalow. advertised by our friends at Downes and Daughters for the modest price of £489,950. I love it enough to even feature it as our “Property of The Week!” and it really does tick all of the boxes for me!
Set in a very upmarket area of Tamworth this three bed bungalow boasts modern living, in a picturesque setting and a contemporary feeling throughout. It’s definitely an artsy house that I could imagine a young professional couple living in but I would think anyone could make this beautiful home into their house. The property features three large bedrooms and modern kitchen and bathroom and whilst the lack of the fourth bedroom may be an issue for some this house in my opinion does offer unprecedented value in terms of location and price. 
It’s lovely rural backdrop is complemented by the vast expanse of woodland to the rear, which is an enchanting midsummer walk if you’re looking for a stroll in the afternoon so personally I think it’d be a pleasure to be able to do it without even having to get into the car! The exterior of the property is equally as awe inspiring with it’s beautifully manicured gardens and a decent sized patio for the children to play on or for entertaining your family and friends! 

A smashing property in a fabulous area at a very good price! What’s not to love about this week’s property? If you can find anything, be sure to comment and let me know because I most certainly can’t see much wrong with it! So if you’re fortunate enough to have the capital why not book a viewing around this lovely home?
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

To view this property in full please visit the following link:
http://bit.ly/1iFJnaa

BTL Opportunity! Good Property For Someone Who’s A Little Bit Handy In Irwell! – Belgrave, Tamworth.

Today I’ve got another quick little share for you located in Irwell, Belgrave. This two bed end of terrace property is being advertised by Hunters for offers of £95,000 and has been recommended as a great opportunity for first time buyers or investors, a sentiment I share!

The house would need a bit of renovation work doing on it bringing it up to a  modern standard. The kitchen is in need of some new cupboard doors and a bit of a tidy up but it doesn’t look like anything major, the same can be said about the bathroom – tidied up a little bit it may require minimal work doing on it! Unfortunately we’ve not been provided with pictures of the bathroom and living areas so you’d need to book an appointment with the agents to check them out for yourself!

Both front and rear gardens would need a spruce up to get the property into a tidy rentable condition, however, once done they would present a nice outside space for any potential tenants.

The home is ideal for families or young couples starting out as local amenities include both primary and secondary schools, local convenience stores, a church and very good road connections to both the A5 and Marlborough Way. Local supermarkets are less than a ten minute drive away as is the town centre. Buses pass frequently at the top of the road and the nearest train station is around a 15 minute drive to Wilnecote.

The Field Farm area of Tamworth may not be every investors cup of tea, and may be a considered purchase, however with housing so short in Tamworth, I’m sure this house would rent.

Money wise you would be looking at a monthly rental income of around about £550 per calendar month which would give the property a pre-renovation monthly yield of 6.95% and perhaps a good amount of capital gain as these houses can look very smart, as some of the other houses in the street demonstrate! If you are not adverse to renting to tenants in receipt of benefits, then this is a clear winner.

Hopefully you like this property enough to give the agents a ring and book an appointment, if you do be sure to drop me a comment and let me know! If you’re fed up with your current lettings agent or you’ve spotted a property and aren’t too sure on if it’s a good investment, call me on 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

To view this property in full, please visit the following link:
http://bit.ly/1NTsCpq

Are Tamworth Landlords Bailing Out of Property?

Have you noticed this month’s crisis in England is the buy to let boom with George Osborne once again hitting the headlines, in the July emergency budget he dropped a bomb shell that from 2017, the tax relief that those high income tax rate landlords with a mortgage benefitted from will be lost.

Many of the newspapers ran headlines declaring that it was the end of the road for the private landlords, predicting many landlords will give up on buy to let and the market would be flooded with rental properties up for sale as landlords gave up on the property market.

The Governor of the Bank of England , Mr Carney has recently made a cautionary note that the buy to let property market could destabilise the whole UK property market. His concern is that landlords who bought with high loan to value mortgages would panic if there is a property crash because of negative equity. Trying to recoup their losses they would sell cheaply, this is turn would cause house price falls.

More bad news to hit the headlines, with BBC News Magazine running an article : 24 things that Jeremy Corbyn believes ….
Rent controls should be re-introduced, linking private rents to local earnings, and more council houses should be built. He also believes that council tenants’ right to buy their homes should be extended to private sector renters.

So is this the end for landlords..hardly…..Jeremy Corbyn has yet to be elected!!

I was speaking to Rob Hall of Hall & Co Mortgages, my friendly broker, I asked him if Landlords needed to start panicking and pulling their hair out. His view and I hasten to say his view is that he personally is seeing more BTL applications than FTB or House Movers and he thinks the rental market is still strong as mortgages are so low, that the tax cut news has not had any negative impact to date. As the rates are so low more and more clients are looking at the long term and with the 5 year fixed rates landlords have a great option, this will allow for any increases in the base rate.

Two thirds of buy to let properties purchased in the last 8 years have been bought mortgage free meaning that these landlords won’t be affected by George Osbornes tax changes. Also historically landlords have only been able to borrow up to 75% loan to value of the rental property.

I believe that landlords and the buy to let market will carry on, yes, reducing tax relief will hit landlords who are in the 40% tax bracket and their investments may not be as lucrative as in the golden years, but I doubt they will all sell.  There is still money to be made in the Tamworth property market as a buy to let landlord ,  it’s all about buying with their head and not their heart and  having the right property portfolio  mix that will give both a yield and capital growth. A balanced investment!

Due diligence as always is a must and speak to those in the know  One source of information and advice is the Tamworth  Property Blog where I love to talk property and what I consider to be the best buy to let deals, irrespective of which agent it is on the market with. If you haven’t visited and you are interested in the local property market in Tamworth .. you are missing out! ………. www.thetamworthpropertyblog.com

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



Freasley,Tamworth – Exquisite Five Bed, Five Reception 21st Century Living

This weeks pick is a contemporary house in Freasley which is discreetly located off Trinity Road.  This splendid house has five bedrooms with two en-suites, five reception rooms, additional garden room, detached double garage at the front of the property and ample parking to the front gravel drive. The rear garden extends to the side and has exceptional views.

The detached house  built  circa 2000 has a modern feel throughout, though there is great attention to detail here with the materials and colour schemes complementing each other without compromising on quality. This beautiful home offers so much living space and is ideally situated for the growing family or for those who love too entertain at home.

The superb amenities make it ideal for modern 21st century living offering all that you would aspire too. On the market with Hunters for £679,950 , click on the link below for more details!

https://www.onthemarket.com/details/819043/

I hope you all love this property, it’s one those properties you are just able to fall in love with! Be sure to let me know, drop me a comment and let me know your thoughts! I would love to hear from you – email me at lorraine@hallandthompson.co.uk


As George Ivanovich Gurdijeff, the Russian Psychologist and Scientist says, “A man can only attain knowledge with the help of those who possess it. This must be understood from the very beginning. One must learn from him who knows.” One place to find information on the Tamworth Property Market is the Tamworth Property Blog..www.tamworthpropertyblog.co.uk where you will find many articles.

In the heart of Tamworth…Alfred Street, B79 – BTL Opportunity with good primary schools near by

This semi-detached house complete with conservatory is situated in the heart of Tamworth and a stones throw  away from several Ofsted 2*  rated primary schools….1 being outstanding.
The location is an ideal choice for buy to let investment as this area has a very high tenant population. Located half a mile from Tamworth train station; the Snowdome; castle grounds and Ventura Retail Park, it’s a hit with prospective tenants. 

This three bed semi is offered in what appears to be quite good condition. There are no internal photos.However, the property was advertised for sale in 2012 and those internal photos show a very pleasant interior.

Being an older style house, there’s plenty of space on offer. The accommodation is well planned and the front drive  can safely accomodate several vehicles. 

http://bit.ly/1OfkoYG

Rent achievable is £650 per calendar month, that will give you a net yield of 5.54% in year 1 taking into account professional fees and stamp duty. 

The house last sold for 79K pre-recession (2005), it’s now being advertised at 140K, I’m sure this type of house will give you the balance of yield and good capital gain over the long term. At the end of the day, as a Tamworth landlord, you want to be making gains from both your rent and house price growth, particularly when you want to sell, because when combined, the rental yield and capital growth is what gives you the real return on your investment.

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

“Property of The Week!” You’ll Need An Entrepreneurial Mind For This Magnificent Middleton Estate! – Middleton, Tamworth.

Hello readers and welcome to Monday’s blog! If you are new to this article, our “Property of The Week!” articles are an insightful look into what hidden gems our town has to offer – they are the best and the brightest homes in the area!  I’ve got a beautiful four bed country house to show you as our “Property of The Week!” From start to finish this one is packed with surprises for everyone and could even double up as a home based business enterprise for those of you who love animals… interested? Then you had better keep reading!

Located in the rural village of Middleton this property is up for sale with Parker Hall of Lichfield, it will cost you in the region of £1,450,000 and is featured on Rightmove. The property has several key elements you would need to take into consideration before buying however as it’s one for those of you who might be looking for something a little more entrepreneurial… the sale includes a successful equestrian centre and kennels as well as two Apartments, a bungalow, a hard standing horse box, lorry yard as well as the beautiful detached farm house which you would use as your primary residence and various other outbuildings and paddocking areas.

The residence itself is large, open and warm which is what you would expect from a country house of this stature and comes with all of the charming character features befitting such a grand house. The property features four bedrooms (two with en-suites), three sitting rooms, a large kitchen and family bathroom and ample gardens which overlook the beautiful English countryside. The two apartments featured are currently let to employees of the stables and the bungalow may make a nice holiday home during the summer months, so there’s business potential all around with this one!

I hope you all enjoyed this article, it has been another one a little bit different from the norm but it’s one definitely worth giving a serious look at if you’re lucky enough to have the funds to buy it!

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

To view this property in full, please visit the following link:
http://bit.ly/1Mg5SiU

Little Investment For A First Time Landlord On Kitwood Avenue – Dordon, Tamworth.

Welcome back readers! I’ve got a property to share with you today that’s a bit of a mystery house in that it only has three pictures provided by Dixons – the agents managing the sale. We are advised that the property currently has a sitting tenant but is available to view by booking prior!

The property is on the market for offers of around £80,000 which for this type of property in the area is about average, it last sold in 2000 for £17,500. I would strongly suggest booking an appointment with the agents to see if there is any work that would need carrying out due to the lack of pictures provided.

The house contains an entry leading to a hall which leads upstairs to the three bedrooms and family bathroom. Downstairs the property comprises of a kitchen/diner area and living spaces, the exterior offers off road parking, (which is in short supply in the area!) as well as front and rear gardens.
The current rent paid by the sitting tenant hasn’t been provided and neither have any tenancy details so enquiring about this with the sales agent is imperative.
I would still put a lower offer in personally as the property has been on the market since the 14th of August and doesn’t seem to have had much interest, possibly due to having a tenant in-situ.

So a nice little property that may not have the highest of yields due to the current tenants rental payment but with the rising property prices and lack of affordable housing in Tamworth, capital gains on this one could potentially make up for that couple of percent loss in annual yields! On the other hand you could always look to bring the rent up the current market rates?

I hope you enjoyed this article be sure to comment and let me know!

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

 



To view this property in full please visit the following link:
http://bit.ly/1Lnw8lD

“BTL 7% Opportunity!” Bit Of TLC Needed For This Harebell Home! – Amington, Tamworth

Welcome back guys, I’ve found a property that needs a little bit of work doing to it and thought I would share it with you today. It may make a nice little investment for you! Located in Harebell, Amington, this three bed terrace has an asking price of £110,000 and is currently being advertised by agents at Smiths on Zoopla.
The house is an ex-council house, which means it can offer a good build quality and a spacious interior for your money. The house offers three large bedrooms as well as a decent sized family bathroom. Downstairs offers a good sized living area, a kitchen/diner with a reception hall that could be used for storage as well as a fully fitted cloak room with a low level toilet.
This is definitely a house that would be suited as a rental property, ideally for young families due to the storage space afforded by the house. Local amenities include a plethora of local primary schools as well as a large, new built academy for secondary education. Local transport networks are good with the property linking easily to both Tamworth and Glascote Road as well as a regular bus route that runs past on the near by Woodlands Road.
The property is in need of renovation, the kitchen and bathroom are both very dated, you might be able to get away with it in the kitchen, but the bathroom is very worn.  The walls and flooring look a little bit tired so could do with a bit of TLC – you may be able to salvage the flooring but the walls will need stripping and some paint! Both the front and rear gardens could also use a bit of love to get them into a decent standard for renting – the shed will need a paint as will the fences some of which may also need replacing.
Hopefully all of that hasn’t put you off! I’d estimate renovations to cost a few thousand and at an achievable monthly rent of £650 will equate to an annual yield of 7.0% which of course might increase if you don’t mind putting a cheeky little offer in!

I hope you enjoyed the article, be sure to let me know! If you would like to contact me about any featured blogs or property investments you may be thinking of (whether you are new to property investment or a seasoned landlord!) please do not hesitate to give me a ring on 07531484956 alternatively you can email me at Lorraine@hallandthompson.co.uk I am always available for a chat and I look forward to helping you achieve the best possible results!

To view this property in full please visit the following link:
http://bit.ly/1KDXnhv

They Say The Best Things Come In Little Packages – This House in Little Orton Could Prove That! – Orton-on-the-Hill, Tamworth.

Another lovely sunny start to the day and another fantastic “Property of The Week!” to share with you all today! Our house this week takes us to a quaint little area with some smashing properties all around and luckily I have one to share with you all today.
The house is on the market for £895,000 with agents Fisher German and can be found online on “OnTheMarket.com” and for the five bedrooms (with a bonus surprise, keep reading!), large, rural area I would expect there to be queues at the door ready to sign on the dotted line!
Inside feels very warm and inviting, a fact that is probably helped by the wood fireplaces that a present in the three sitting rooms! Added to this the floors are all polished wood with parts having exposed brickwork and rustic wood finishes on the ceiling, this really helps bring out a rustic, homely feel to the property.
The house features five very generous bedrooms, a massive breakfast kitchen, three bathrooms a large conservatory and study and a double and single garage. As for the bonus, it comes in the form of a detached one bed annex; ideal for having guests over or perhaps using as a summer rental property or a winter romantic retreat as there are many fantastic local attractions that may help generate interest in that sort of venture.
Externally, the gardens are large and mature so green thumbs would be essential for this property and something that might make the men happy… you would need a ride on mower for the large lawns! There’s even space for a barbecue in the traditionally inspired ornamental garden.

I hope you all love this property, it is one those properties you are just able to fall in love with! Be sure to let me know and drop a comment and let me know your thoughts!

If you would like to contact me about your own property requirements, whether you are a landlord, tenant, looking for information on buying to let or just need help finding the perfect property to suit your own needs, I would love to hear from you – you can give me a ring on 07531484956 or alternatively email me at Lorraine@hallandthompson.co.uk for that all important advice.

For more information please visit the following link:
http://bit.ly/1g5yop1