Property Lettings and Management
The Current UK Property Market
Are you considering investing in a buy-to-let property?
Have been put off by worries that you may have missed the boat as property prices have decreased recently?
Do you feel that investing is a big risk?
Let us start by asking you a few questions -
Had you been thinking of investing in property before the Credit Crunch ?
Have you been put off by the media portrayal of a property crash?
Like many property investors I have seen drops in the values of some of my properties but have also seen massive benefits with the falling interest rates & therefore monthly profits.
Prices in the UK have on average dropped (and I mean ON AVERAGE) by around 12% since the peak of late 2007 but when you consider that the FTSE 500 ( ie pensions) has dropped by over 30% during 2008 then I'm happy that property is still my main investment vehicle.
Heres an example that confirms this view from my own portfolio
Property purchased for £60,000 in 2000
Valued at £135,000 in late 2007
Current Value £135,000 minus 12% drop = £118,800
So even with the drop in value I still doubled my investment not to mention the profits from rents.
Also, when you consider the poor interest rates being offered to savers from the banks you can see why so many people are still putting their money into property (including me).
Infact the slogan on the back of our work sweatshirts is " Rather be Investing than Saving " which sums up my views entirely.
How do you feel now?
The simple truth is that right now is the best time to invest in property as the above article shows!
One other question to think about that we always ask our investors to consider is -
Is the house that you grew up in worth less now than it was back then ??
No of course not you say !!
So do you think the house you live in now will be worth less in 25 years time??
No ??
So would an investment property be any different ??
INFO FACT 1 -
"History has shown us that the value of UK properties doubles every 10 - 12 years. (Source : Office of the Deputy Prime Minister) The market is underpinned by demand because new property devlopment is insufficent to keep pace with ever increasing housing demand.
Government figures suggest that 250,000 new homes are required every year. However, the reality is that only 150,000 new homes are actually built. The government has predicted that twice as many homes will be required in the UK by 2016.
How many of them will be provided by the private rental sector?"
INFO FACT 2 -
Despite falling property prices and the slowdown of the economy The Sunday Times Rich List 2009 still had 27 people out of the top 100 who had made their fortune from property.
Indeed 3 out of the top 10 had made their fortune from property including the richest Briton on the list the The Duke of Westminster with £6.5 billion.
The 1st Step Property Questionnaire
If you are now eager to invest then answer the questions below and allow us to help you get started :-
Are you considering investing property?
Are you unsure where to start?
Do you own your own home?
When was the last time that you had it valued?
How much would you say that your current home is worth?
What is the outstanding amount left on your mortgage and how long does it have to run?
What type of mortgage do you have and what is your current interest rate ?
Do you have savings or money in stock/shares etc?
Would you like the financial freedom that property investment can provide?
Would you like to invest in property and a make a living from the returns?
So how do you know if a particular property would prove to be a sound investment for buy-to-let?
Before purchasing a property all the experienced property investors always consider what Yield a particular property will provide them with before they purchase.
Yield is calcuating by using the following method -
Annual Rent divided by Purchase Price
So if a property is valued at £70,000 and the rental expected per annum is £4740 (which is £395 per month x 12 months) then the yield would be 6.77%.
It is generally recognised that the higher the yield the sounder the investment!
If you would like further information on how to invest in property after answering the above questions please call one our friendly team on 0191 482 6484.
If you are looking for a investment property this year then look no further than our latest Properties For Sale.
We currently have over 60 properties available (some with heavy discounts) across the North East of England & Overseas Markets and now really is the time to grab a bargain.
Visit http://www.propertyconsultants365.co.uk/properties_for_sale.php
The 365 Locator Service
We can provide a full locator service and find suitable BMV/Buy-to-Let/Investment properties on your behalf.
The locator service is always tailor made to suit the individual client but generally comes under the following headings-
1.) Cost Per Lead Locator Service
This service provides members of our database the opportunity to receive leads on BMV/Buy-To-Let properties when they become available.
The service generally follows this pattern -
a.) We will send out information and details on a property or list of properties including price,how much the property is below market value, the numbers of rooms in the property, the condition of the property, what we would expect the property to let for and the yield, plus if the property was rennovated what the new market value would be.
b.) If you were then interested in finding out the full information and contact details of the property we will then contact you to discuss this further.
Our fees for the sourcing of these properties is generally 1-2% on sucessful completion.
2.) Priority Listings Search for Suitable Properties
As an alternative you may wish to join our priority listings database which gives you information on properties before we send it to our full UK database.
This will include us searching for properties that match your exact requirements with the specific aim of drawing up a shortlist of suitable properties that require further investigation.
The search will include but not be limited to the following:-
Selecting type of property (House, Flat, Terrace etc)
Selecting whether the property will be buy-to-let/investment
Selecting a budget for the project
Checking affordability of properties not just the purchase price
Registering with local estate agents, landlords, surveyors and auctioneers etc
Visiting local & national websites in order to source suitable properties
Liaison with the above companies
Analysing the properties as investment opportunities including market research, local property prices, expected rental income, property yield, freehold/leasehold, ground rent/service charges/factors fees etc
Daily/Weekly/Monthly feedback on progress
24 / 7 Telephone support throughout the month
Preparing a list of suitable properties that require viewing
Priority listing on our database
COST - prices start from £200+VAT per calendar month plus commission fee
3.) Viewing The Suitable Properties In Person
This service will involve us actually viewing the properties from the shortlist in person to assess their suitability further on your behalf.
This will be with the specific aim of drawing up an even shorter list of suitable properties that may require viewing by the client or progressing to the offer stage.
This will be based on the following factors:-
Suitability
Location
Local services
Transport links
Value for money
Price
Rental income
Yearly profit
Competition
Feel good factor
Discount opportunities
List & costs of works required (if any)
Ongoing maintenance
COST - prices start from £200+VAT per calendar month plus commission
- We have links with all the estate agents in you area and therefore can find a property that matches your requirements, at a price to suit.
- We can negotiate the purchase of the property on your behalf dealing with the vendors and estate agents. Remember making the right offer at the right price can save you thousands.
- We have links with all the top mortgage advisors and high street lenders so we can get you the best mortgage rate available.
- We can help you realise the potential of a particular property through our links with architects, builders, local planning officers and Scottish and English heritage.
- We can offer a full letting service after completion to help you maximise the returns on your investment through our links with some of the regions leading estate agents.
- If your property is in a particular area of the North East rest assured we will know an agent who can look after you.
in partnership with some of the regions leading Letting Agents brings you North East Properties To Let
Call Castledene Property Management for a Lettings Service in the following areas - Peterlee, Easington, Horden, Hartlepool & Seaham.
Tel: 0191 5878132
Web: www.thecastledenegroup.com
Contact Chantry Estates for a Lettings & Management Service in the following areas - Newcastle, North Tyneside & Northumberland
Tel: 0191 272 7999
Web: www.chantry-estate-agents.co.uk
Contact Superior Homes North East for a Lettings & Management Service in the following areas - South Shields, Sunderland and Gateshead
Tel : 0191 454 6444
Web : www.superiorhomesnortheast.com
Benefit from our Property Education Course –
This course covers all aspects in the letting out of property. The course will give you the skills required to become a successful landlord.
The course covers:-
- Locating your property
- Financing your property
- Advertising your property
- Introduction to local letting agents here in the North East
- A bespoke marketing plan
- Master copies of court letters, inventory checklists, tenant enquiry log, tenancy agreement payment schedule plus a 365 TO LET Property Folder
- Price placing
- Ongoing solutions for your property
- Releasing equity
- Re-investing your equity
