Investment Opportunity…..3 Apartments Wigginton Road,Tamworth

Here is a unique opportunity to acquire this three storey victorian semi detached property, listed with our good friends Burchell Edwards, the asking price is relistic at £310,000.

The property which is split into three apartments is set in a sort after road on the north side of Tamworth, and consists of a two bedroom ground floor garden flat, a first floor two bedroomed flat and a one bedroom second floor flat. There is plenty of available parking to the front of the property. 

To view this property on Zoopla click on the link…….http://bit.ly/2a2v8fG


Property in this area of Tamworth will let all day long what with being close to Tamworth Town Centre and also having good commuting roads to nearby towns.

And the money side, well you can expect a combined rent of  £1675 per calendar month. Based on the guide price of £310,000 this will give you a net yield of 6.4% , a nice tidy sum me thinks. 

If you are looking to invest in the Tamworth area and would like to know about the important things to consider , then give me a call on 01827 425195.

Cheers

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

 



Hall and Thompson Estate Agents




A Cautionary tale for new landlords!!!

Landlords who manage all factors of tenancies on their own must be careful not to fall foul of the law.
For those of you who assemble tenancy agreements and other critical documents yourselves and without expert guidance could be inadvertently breaking the law.
A recent survey carried out via Direct Line discovered that 58% of landlords who don’t use a letting organisation use tenancy agreements from either old contracts or a template they located on line.
Direct Line additionally claimed that 13% of landlords have experienced some type of dispute springing up from tenants rental contracts and one in ten landlords have NO tenancy agreement in place whatsoever.
 
With the new regulation and law that has been brought into the private renting sector in the last few years, landlords cannot take any chances or get matters wrong and DIY landlords will be at higher risk.
Just this year the section 21 eviction process has been updated and new energy efficiency policies have been introduced. Landlords now have an obligation to install smoke detectors and carbon monoxide alarms in all rented homes.
Just lately, the government has issued updates to the rent arrears and rent increase forms that are to be used by landlords, more documentation to be correctly completed and stored.
 
There are more energy efficiency policies within the pipeline, to be introduced inside the next few years.
Experienced landlords who deal with all matters themselves can save money and time, however for the novices, getting expert help is vital.


DIY landlords should consider joining an association such as the NLA or Guild of Residential Landlords, support and advice along with access to the tenancy documents are part of the members package.
 
Confused????? if you are, after reading this, we may be able to offer advice.
 
If you are a landlord or thinking of becoming one for the first time, and you want to read more articles like this about the Tamworth Property Market together with regular postings on what I consider the best buy to let deals in Tamworth, out of the many of properties on the market, irrespective of which agent is selling it, then feel free to get in touch!  email me olorraine@hallandthompson.co.uk
Don’t forget to visit the links below to view back dated deals and Tamworth Property News. 
 
 
 
 

89% of Tamworth Homeowners are over 35 – The affect of their Brexit vote on the Tamworth Property Market

Well it’s been 4 weeks since the Referendum vote and we have had a chance to reflect on the momentous decision that the British public took. Many of you read the article I wrote on the morning of the results. I had gone to bed the night before with a draft of my Remain article nicely all but finished, to be presented, at just after 5am, with the declaration by the BBC saying we were leaving the EU. I don’t think any of us were expecting that.
 
If you want to read a copy of that original Post Brexit blog post, please visit my blog  http://bit.ly/29RgnK2  and scroll back to late June to find it. In this article I would like to take my thoughts on from that initial article and now start to see the clearer picture as the dust settles on the UK, but more importantly, the Tamworth Property Market.
 
In case you weren’t aware, the residents of the Tamworth Borough Council area went against the National mood and voted as follows ..
 
          Tamworth Borough Council    Remain Votes   13,705       (32.5% of the vote)
          Tamworth Borough Council    Leave Votes      28,424       (67.5% of the vote)                                       Tamworth Borough Council Turnout  74.1%
 
I have been reading there is some evidence to indicate younger voters were vastly more likely to vote Remain than their parents and grandparents and, whilst the polling industry’s techniques may have been widely criticised, following them getting both the 2010 General Election and the recent Brexit vote wrong, anecdotally, many surveys seem to suggest there was a relationship between age and likelihood to support leaving the EU.
 
Interestingly, the average age of a Tamworth resident is 38.6 years old, which is below the national average of 39.3, which might go someway to back up the way Tamworth voted? What I do know is that putting aside whether you were a remain or leave voter, the vote to leave has, and will, create uncertainty and the last thing the British property market needs is uncertainty (because as with previous episodes of uncertainty in the UK economy – UK house prices have tended to go down).
 
Interestingly, when we look at the Homeownership rates in the Tamworth Borough Council area, of the 21,733 properties that are owned in the Tamworth Borough Council area(Owned being owned outright, owned with a mortgage or shared ownership), the age range paints a noteworthy picture.
 
           Age 16 to 34 homeowners    2,369     or      10.9%  (Nationally 9.6%)
          Age 35 to 49 homeowners     6,989     or      32.1%  (Nationally 29.2%)
          Age 50 to 64 homeowners     6,962     or      32.0%  (Nationally 30.7%)

          Aged 65+ homeowners          5,413     or      24.9%  (Nationally 30.5%)

So, looking at these figures, and the high proportion of older homeowners, you might think all the Tamworth Borough Council area homeowners would vote Remain to keep house prices stable and younger people would vote out so house prices come down- so they could afford to buy?
 
But there’s a risk in oversimplifying this. The sample of the polling firms are in the thousands whilst the country voted in its millions. Other demographic influences have been at play in the way people voted, as early evidence is starting to suggest that class, level of education, the levels of immigration and ethnic diversity had an influence on the way the various parts of the UK voted.
 
So what I suggest is this – Don’t assume everyone over the age of 50 voted ‘Leave’ and don’t assume most 20 somethings backed ‘Remain’; because many didn’t!
 

.. and the Tamworth Property Market – well read my original article in the Tamworth Property Blog and you can make your own mind up.

If you are a landlord or thinking of becoming one for the first time, and you want to read more articles like this about the Tamworth Property Market together with regular postings on what I consider the best buy to let deals in Tamworth, out of the many of properties on the market, irrespective of which agent is selling it, then feel free to get in touch!  email me olorraine@hallandthompson.co.uk
Don’t forget to visit the links below to view back dated deals and Tamworth Property News. 

 








Property Of The Week! Beautiful Canal Side Property In Amington, Tamworth

It’s Monday and an old favourite is back – Welcome to The Property of The Week and this week we have something very special to share with you all in Amington!

Imagine yourself sitting in the lovely summer sun, with a cool glass of lemonade (or shandy!) just relaxing and watching as beautifully coloured canal barges pass by, for many a dream but for those who own this property that dream is reality. On the market for £450,000 this five bed behemoth has everything you could desire.

The interior of this family home is tastefully decorated in a rustic way but with a distinctive modern touch which really suits the property. Key features include exposed brickwork, dark wood finishes including hardwood flooring, cosy fireplaces and a large conservatory to the rear and with its five reception rooms downtime away from noise and disturbance is assured!

The exterior of the property again is large and spacious with a large driveway and single garage for your car or workshop but the main attraction has to be the potential for anyone who loves spending time outdoors – there are plenty of planting areas waiting for you to get vibrant colourful plants and a large decking area for you to relax on after a day pottering about in the garden, with a bit of TLC it could look magnificent – and with a 70ft mooring space maybe you could convince the other half to buy a canal barge after all the gardening is finished!

If you would like to discuss any properties you may be thinking of investing in, drop me an email at Lorraine@hallandthompson.co.uk for a chat about anything you may be uncertain of and I will get back to you as soon as possible!

Hall and Thompson Estate Agents

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To view this property in full please visit the following link: http://bit.ly/2a0C8bI

Investment Opportunity For The Right Buyer In The Leys, Tamworth.

Hey guys, just a quick blog about a property I have seen up for sale that I thought you would all like to know about. The property is a three bed semi in Neville Street on the market for £85,000, unfortunately for CASH ONLY bids.

The house from the outside looks to have been fire damaged so any investor would need to be confident in their ability to be able to repair the property to regulation standards. As no interior pictures have been provided unfortunately the extent of the damage cannot be determined the agent has also specified that upon appointment there is no access to the first floor of the property. From the picture there looks to be slight damage to the roof of the property.
These are some things you need to be very aware of but in the right hands this could be a very lucrative investment and as such I do not expect it to be on the market for long.
A couple of positives for the property is the large garden and central location which make properties in this area very desirable to both buyers and renters so it could be ideal to flip or as a longer term investment strategy via buying-to-let.
In terms of price who can really say without an inspection of the damage but as property in this area sells in the range of £130,000, so if you are interested be sure to get in there quick with your offers and appointments to view!

If you’re thinking about investing in property and are not entirely sure about what to do, why not give me a call on 07531484956 or drop me an email at Lorraine@hallandthompson.co.uk for local, trusted advice.

To view the provided details of this property please click the following link: http://bit.ly/2aio64L

Investment Opportunity Spotted In Belgrave, Tamworth

Welcome back readers! Today I have got a property for you all that may be a great investment opportunity for either a landlord looking for a new buy-to-let or a first time buyer looking to jump on the property ladder. This one could be able to match the weather for the past few days – a hot property!

On the market with our friends at Mark Webster this property has a guide price of £110,000, with a property recently selling for £115,000 a few doors down. The property would need a small amount of modernisation which would consist of mainly a quick freshen up with paint and a couple of new carpets but nothing major as the kitchen looks modern as does the bathroom.

This property could be an ideal investment opportunity in the area, as it would make a great family home with it’s three bedrooms and copious living space, a generous garden and all the local amenities you would expect such as local primary and secondary schools, shops and a good links via road to both the town centre and areas further away.

Money wise for this property you could expect a monthly rental income of at least £550 which would equate to an annual yield of 6%. Personally I think you could be a little bit cheeky with an offer as the price had started at £99.950 then increased to £120,000 then again dropped to it’s current guide price – so give it a go, you could be quids in!

If you are looking for a property in the area why not give me a call on 07531484956 for a no strings attached chat to discuss your needs? I offer a personalised service that large agents struggle to match with a key local knowledge that will ensure you get the best potential from your money!

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 the featured property in full please visit the following link: http://bit.ly/2alewRx

Buy to let Investment – Tamworth, Leyfields

The suns out and hopefully that will lift the mood of property hunters , and I have an interesting offering on Arnold Close near to Wiggington Park, Leyfields.

This spacious three bedroom terrace house is on the North Side of Tamworth Town Centre,  it’s popular with renters with the location being ideal for all amenities including several good schools.
It’s in good all round condition , a typical 3  bedroom house of this specification will rent for £625 per calendar month and give you a net yield of 6%

Its on the market with Mark Webster of Bolebridge Street, Tamwworth,  and with an asking price of £125,000, it’s well worth a look around.

As always, if you are an investor in the Tamworth property market and would like a second opinion on a property you have seen then send the URL of the properties you have seen online over to me or you would like to pop in and have a chat, then you can either email me on Lorraine@hallandthompson.co.uk or call on 01827 425195. 

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

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