What A Difference A Mile Or Two Make! – Tamworth Property Price Highs and Lows

Hey guys, I’ve got another interesting article for you all today – For a small town, ranked just 28th in the West Midlands for population many of you might have noticed that just a couple of streets difference can make a massive amount of change in property price. The most expensive houses in the Dosthill area sell for just over £390,000, however just down the road in Harrow Close, Wilnecote (a 1.5 mile distance away) you are looking at just over £42,000 – granted they are very different houses in very different areas but these two roads are both the highest and lowest values in Tamworth – with price differences like that you’d expect them to be opposite sides of the Town!

But we’re finding more and more commonly that these housing price anomalies are happening more and more often (which can interestingly be viewed here). Personally I put it down to a stronger local economy than most other areas of Staffordshire and some of the new housing areas they are creating. The price differences are also happening in older more established areas too, for example properties in Glascote Heath range from £59,000 in Signal Walk up to £100,000 in Chapelon just a 0.2 mile distance!
Is that great news for Landlords? Most likely – You’ll achieve a similar rent in the Glascote Heath example but for a whopping £41,000 less upfront.

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

Bourgeois in Belvoir! Our “Property of the Week” isn’t one to miss! – Dosthill, Tamworth

I was driving around in the lovely summer sun a few days ago and saw a marvellous house for sale in a very sought after area in Tamworth, I had family who lived in this area before they emigrated to slightly warmer climes so I know these houses are absolutely fantastic inside and I knew you’d all like to see it as it’s a home with features nobody could say no to!
So I’m featuring this one as our “Property of The Week!” and today as you might have guessed from the title we’re in Belvoir, Dosthill. If you are new to this blog – our “Property of the Week” article is to show you some of the best houses in the local area which are usually very unique or of a very high craftsmanship. Although they are not in everyone’s price range or ideal for landlords, they aim to show the best our little town has to offer.
Advertised by our very good friends at Green & Co. for £595,000 this house comes with five bedrooms two of which have en suites, a very large open plan living area, a fantastic manicured garden but the key feature really has to be the garage conversion… the large garage has been converted into not only a gym but also a sauna and shower room, now that’s what I call luxury! The agents have told me that the conversion would be relatively easy to change back but why would you want to!
A beautiful house in an upmarket area of Tamworth that you’ll always find something to do in, gardening, socialising, working out hard in the gym or just sitting in the sauna this is a house for those who want to get lost in their own little slice of heaven!
If you would like to discuss the featured blog please leave a comment below! For all other property enquiries whether featured on this blog or ones you may be thinking of yourself, advice is only a phonecall or email away – call me, Lorraine on  07531484956
To view the property in more detail, please click the following link:
http://bit.ly/1GJScbV

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

Calling All Investors! Tamworth Needs You!

During these trying times of National and Local Government spending cuts, councils must find ways of surviving the deep cuts they all must make.

More and more, Local Councils must find ways of raising cash quickly and it seems that in Tamworth one way of plugging the deficit is by selling off some of the Social Housing. Once an area of many Council Houses today we find that many are now privately owned or privately rented.




Source: Tamworth Borough Council


The latest statistics show that Social Housing makes up just 19.8% of a Town which was once famed for being one of the first, after the Second World War, to build high quality council houses en masse. Now a days we are finding that many applicants are applying and demand currently far out weighs supply. The website Finding a home in Tamworth counts the amount of applicants per cycle per house – and we can see from the latest one that only one house became available and had 47 people bid on it, clearly there is large local demand for affordable housing.


This led me curiously looking to see if I could find out the total amounts of applicants still waiting for housing, well we can see that from 2013 to 2014 (which are the latest figures) a drop of just 56 applicants occurred, so there is clearly demand in the areas where these housing sell offs are happening. Many of these housing “sell offs” are still at a fantastic prices for example this three bedroomed house in Chapelon is just £99,950. We would expect to achieve rent of £650. pcm which would earn an annual yield of 7.80% – And houses in this area are still rising, as more and more are becoming privately owned so now might be the last opportunity you get to buy into the market before it’s propelled into the stratosphere.



Source: Gov.uk

It’s time for Tamworth savvy private landlords to sweep in and fill the gaps, in a time where more and more people are in work in the area and a lack of social housing, you could be doing yourself and those unable to find houses to rent in the areas a favour – it’s a win win situation for both tenant and landlord and that’s one of the great reasons why houses are fantastic investment opportunities – not only are you making great yields for yourself, you’re also helping those people out who rely on Local Authority Housing, which is frankly inadequate at the moment.

 
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 Of The Week!” Is Anything But Poorly, It’s Pooley Hall – Polesworth – Tamworth (B78)

It’s that time of the week again, where I share with you all, a fantastic local property of exceeding quality, dubbed our “Properties of The Week” these magnificent buildings are the very best the region has to offer in terms of quality and price. Although these homes aren’t for everyone, this blog is intended to show you all what fabulous buildings are in the local area.

I often talk about being the Lord or Lady of a property, this week I am offering you a chance to be the King or Queen with an awesomely ancient property, advertised by our good friends at Mark Evans & Co. of Tamworth. This impressive home has a guide price of £755,000.

Parts of this amazing property date from 1509 and have been restored to a high standard as the property is a Grade II listed building. The interior is very tastefully decorated and fitting for a property of it’s stature. Key features include access to the canal a colossal garage which is perfect for hobbyists and cars alike! The property has a crenelated tower with interior living space and a patio area on the roof ideal for surveying your lands or just basking in the warm summer sun! The very large garden contains a beautiful wrought iron dome and a few cannons to deter the pesky parliamentarians from attacking… Seriously – this property has cannons in the garden! (I’m pretty sure that nobody would attack you though!)

All in all a wonderful property the types of which rarely come onto market in such a good condition and one that I’m sure anyone would love to live in! But what do you think? Drop me a comment and let me know!

Getting the right advice is important with properties, especially where an expert opinion can be the difference between success and failure, if you would like local, trusted advice from someone who is devoted to their job and working with people to bring only the best results please call me, Lorraine.

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

For more information about the featured property, please visit the following URL:
http://bitly.com/1KkR2oK

What will the General Election shocker do to the Tamworth Property Market?

After the shock of the Conservatives returning to power with a majority vote, any uncertainties of a hung parliament has been lifted and landlords up and down the country are now asking – what does this mean for me?

Labour’s election promises of rent controls and three year tenancies had seen some Tamworth landlords holding off commiting themselves to adding to their buy to let portfolios. As a result the property market across the country had been subdued for several months, this being confirmed when speaking to local solicitors, surveyors and agents.

With the uncertainty being removed, what next for the Tamworth property market?

Well the growing buy-to-let market is unlikely to slow down under a Conservative government.  Inflation in Britain hit -0.1% in April. In other words, prices – as measured by the consumer prices index (CPI) – fell by 0.1% over the past year. That’s the lowest level since 1960, as the papers keep telling us.

There has never been a better time for landlords and potential landlords to take a good look at the property market since mortgage rates are at their lowest levels since 2010. Pension pots are being released and landlords with large deposits will now be enticed by the mortgage industry as rates remain low.

Tamworth landlords have  benefited from a booming local jobs market as Tamworth has seen the largest fall in unemployment of anywhere in the country in the last three years. The town’s unemployment rates have been plummeting since 2009 – and recent figures show that out of a population of 77,000 there are now just 286 people out the work. With evermore jobs and better pay there has been an increase in the rental price tenants are willing to pay for good Tamworth properties.

Landlords may be feeling a little nervous about the Conservatives plans for the housing market over the next few years, one of  David’s plans is for Housing Association renters to have the right to buy their property, for those that do, they will be adding to the supply and demand of properties in the housing stock in many years to come. 

Landlords were also worried about  the Government “Help to Buy Scheme” however this hasn’t had a major effect on our local property market.

Tamworth is ever growing, meaning that there is a bigger demand for property than ever before. Renters are no longer classed as second class citizens as attitudes towards renting has changed considerably over the past 10 years. Youngsters no longer want to tie themselves down to a mortgage, their priorities are different than those of our parents so renting continues to offer good value for money for renters.

So what does  the second largest town in Staffordshire offer in the way of house building in 2015?

The promise made by the Conservative party is to build one million new houses countrywide. What have I seen so far in Tamworth?  The most recent I have seen in development is that of the Pennie Grange Estate, 94 houses to be built, a mixture of 3-4 bedrooms.  There is also Saxon Mannor which is creating a selection of apartments and 2,3 & 4 bedroom houses on the outskirts of Tamworth.
Not forgetting the regeneration of the Tinkers Green Road area. Has there been a better time to rent or buy a house in this overlooked town?
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 allows for a reasonable yield and/or decent capital growth, everyone will be a happy winner.
If you wish to discuss your own property requirements feel free to contact me, Lorraine on 07531484956 or email me at Lorraine@hallandthompson.co.uk. You don’t need to be one of our existing landlords. If time is a premium, you may wish to subscribe to the Tamworth Property Blog this is another source of information on the Tamworth Property Market.
Blog www.tamworthpropertyblogspot.com

Tamworth V Lichfield – to buy or not to buy

Hello everyone, I hope you’re all feeling as good as the weather has been! Today I have something a little bit different from the regular to share with you. We have two fantastic houses of nearly similar build in the area – one in Tamworth and the other in Lichfield, showing the differences just a few miles can make.

We’ll start off with our beautiful Tamworth home, located on the Buckingham Road and advertised with our good friends Smith’s Estate Agents on Rightmove.

The house is a very spacious four bed roomed detached with an asking price of £225,000. You can see from the pictures that the house is well maintained and ready to immediately move into with very minimal decoration / renovations needed as the bathroom and kitchen have just been refitted.

For a house of this calibre you would be looking for a monthly rental income of £995.00 which  if purchased for the £225,00 asking price would equate to a yield of 5.30%.

Lichfield Cathedral
If you don’t know much about Lichfield, I would say it has to be one of the quaintest cities in the Midlands, compared to Tamworth it has very few housing association homes/local authority homes built and the city retains much of its historical architecture, featuring a medieval cathedral  and  only being mildly touched by the concrete brush of the 1960s. This in part helps the houses in Lichfield to retain much of their value but also enables landlords to have an easier time letting in the area due to a higher demand; albeit the initial price costing more.

In this example, a house of similar square footage and build is £90,000 more than the asking price just under 6 miles away, however, this really doesn’t detract from the beauty of the area.

So onto our second smashing house located in Freeford Gardens, Lichfield advertised by Hunters Estate Agents on Rightmove.

 


The house is very similar in proportion to the Tamworth house  and was last sold in 2013 for 265,000 and is now being advertised with an asking price of £315,000 which is a whopping £50,000 increase in just 3 years.

We would estimate the house would attain a monthly rental income of £1015 which equals a yield of around 4.06% if the property is bought at the £315,000 asking price.

The houses in Tamworth will cost you less and give you higher yields but by many Lichfield is viewed as a quainter place to live, however as you can see – in both places the right houses are as lovely as each other.

So the choice is really yours to make will it be The Castle or The Cathedral?

For more information on the featured properties, they can be viewed in full at the following links.
http://bit.ly/1DjuwG7 – The Tamworth Property

http://bit.ly/1PkwbTo – The Lichfield Property

Get the best advice and opinion you can. Speak to me, speak to others, do your homework. As long as landlords buy the right sort of property, that allows for a reasonable yield, decent capital growth, everyone will be a happy winner.

If you would like to contact me about any of the featured properties or any other property investment you might be thinking of, please feel free to contact Lorraine on 07531484956.