£220,000 - is this Buy to let heaven in Trevor Court?

Regents have this 2 bed maisonette for sale at £220,000, making it a little baragin for the buy to let investor.

Regents say "Ideally situated for access to London Heathrow Airport and local amenities this two bedroom ground floor maisonette is offered to the market with no onward chain. The property has been completely refurbished throughout including a re-fitted kitchen and bathroom. With two double bedrooms, large living room leading onto an excellent size private rear garden this property would make an ideal investment or first time buy. Further benefits include gas central heating, triple glazed windows and garage in a block. Viewings are highly recommended!"

We say it wont be on the market long. Clean and tidy inside .. have a look at the pics via the link.

http://www.zoopla.co.uk/for-sale/details/34250422#qxqvtFL04jBQxoHP

Do semi-detached properties in Staines make good investments for buy to let?

I was talking to a homeowner recently who lives in Chestnut Grove in Staines who was considering his first buy to let property and was interested in understanding the property market a little more.

As he lived in Chestnut Grove, which for those that don’t know is off the Kingston Road between Mathew Arnold School and the Station, he was comfortable investing in houses in central Staines, so  we started to discuss the market in this area. 

Firstly we found that 587 semi-detached properties have sold in Staines in the last 5 years at an average price of £285,000, so there is clearly a very active market.

 

What about values? Well a two bed semi on Hythe Road recently sold for just under £270,000 having previously changed hands for £109,000 in Feb 1999, a rise of just over 148% in that period. This is certainly a very healthy growth. With excellent capital growth like this we would expect rental yields to be comparatively lower, however a typical two bed semi should rent out at £1,150 per month so over that period the rental yield has consistently been between 5% and 6% and sometimes higher.

 

If you would like to talk to us about your potential investment please come into our office on High Street Staines. We can guide you on what and where to buy.  We don’t charge for our advice, so just drop in for a chat. 

TW18 buy to let deal - hurry!

YourMove in Staines have just put on the amrket this 2 bed modern town house for £269,950

They say, "Situated in a cul de sac and offered to the market with no onward chain is this spacious two double bedroom house. Accommodation includes lounge/diner, conservatory, separate kitchen and upstairs bathroom. Outside there are front and rear gardens, communal parking and the added benefit of a garage en bloc. Located close to the River Thames between Staines and Chertsey town centres."

We say, at this price it wont be on the market long. She will rent for at least £1150 per month, if not a little more .. a yield of 5%+ and properties on Peket Close have risen by an impressive 32% in the last 5 years

Stanwell - 3 bed semi - BTL bargain of the week

Frost's have just put this 3 bed semi on the market for £325,000. 

Frost's say, "Situated in a sought after cul-de-sac in Stanwell village, this rarely available and attractive semi-detached house benefits from a garage and off street parking. The ground floor has been extended to the rear and comprises a large lounge/diner, and a good size l-shape kitchen/breakfast room. Upstairs there are three bedrooms, a bathroom and a separate toilet. Outside the rear garden has a patio area and is mainly laid to lawn with access to the garage and two brick built sheds"

Should rent for between £1500 and £1600 per month depending on condition, giving a yield of least 5.5% anif bought right, knocking on the door of 6%

We say for those landlords who want an easy life, half decent yield and reasonable cpaital growth, this is your property. Wont be on the market for long. Nice inside,  click on the link for photos

http://www.zoopla.co.uk/for-sale/details/34485551#giu8PzTR446FRq1D.97

Apartment in Staines - 6% yield

Isis estate agents have put this apartment for sale.

They say "A ground floor apartment situated in a popular location, within close distance to Staines upon Thames town centre and railway station. The apartment offers; entrance hall with security entry phone and storage, lounge with direct access to a fully fitted kitchen with appliances, double bedroom and a modern bathroom. Outside there are communal gardens and parking."

We say, £180,000 for a one bed apartment which will rent for £900 per month gives a yield of 6% per year. Apaprtment sin the bloack have exerienced capital growth of 32% to 34% in the last ten years .. not a bad combination.

We dont think it will be on the market that long. Not bad in side, click on the link to see the pics

http://www.zoopla.co.uk/for-sale/details/34443302#OGdapsj86uQfuLKx.97

Staines has itchy feet, 25% more of the households move than in Windsor

..... and that can only be good for buy to let landlords

An interesting indicator of an area’s property market and one which is commonly overlooked is the amount of times properties change hands.

There are 11,679 properties in Staines and 1,783 have changed hands in the last 5 years.  Our neighbours in Windsor may have almost double the number of properties with a total of 20,510 but of those only 2,586 households moved during the last 5 years.  That works out to 12% of Windsor’s property market changing hands.  In Staines just over 15% of the total market moved, meaning that you are 25% more likely to move in Staines than Windsor.

It is also interesting to compare and contrast Stanwell with both Windsor and Staines – more people are staying put there too.  With a total property number of 7,032,  only 880 have changed hands in the last five years.  This works out again to about 12% of the total property market moving over the last five years. 

It just shows there a million different ways of looking at a property investment and an area’s property market before making a decision to buy, be it for yourself, or as a buy to let investment.

If you would like to talk to us about buying property, particularly buy to let, please feel free to drop into our office on the High Street in Staines for a chat.