Deal of the day - 4 bed terraced in Wellington, Telford - Needs some work but lots of potential.

Whilst on the phone to a landlord in Wellington, this property popped through on email. He has properties in Wellington so I mentioned to him that it had come available and he's taking a look! He thinks it could make a good family home or one for sharers.

This will need closer inspection, however located in Wellington, the property is served by a range of local shops, leisure centre, bus and railway stations. There are a range of schools and good access to the M54 to Telford Town Centre and the new Southwater development, and it also offers easy access towards Shrewsbury and the West Midlands.

See more at goo.gl/3JrWuG

Give me a call or email on 01952 306 444 or martin@letwithsignature.co.uk for my further thoughts.

Deal of the Day - 3 Bed, Mid Terrace, Donnington, Telford, Good Return on Investment!

This week I have taken 6-7 phone calls from tenants wanting 3 bed properties in the Donnington area! So when I seen this property come available I thought I should share it with you landlords out there...

Donnington rents well dues to its proximity to Telford Town Centre, Newport, the Donnington British Army Ordnance Depot and close links to the M54

This property has been let before at around £580 pcm so if purchased at the asking price of £87k (on with Julia Weston) there will be gross yield of around 8%

For further information on any investment ideas in the Telford area please give a call 01952 306 444 or drop me a line at martin@letwithsignature.co.uk

Take a further look at goo.gl/UAZTds

 

 

How can you find a good property deal in Telford?

The subject of a lack of Telford property bargains over the last couple of years has always been near the top of most local landlord’s thoughts.

I have built up an extensive database of every property sale in Telford since the late 1990’s, so are able to give an objective and unbiased opinion on what (and what does not) make a good property deal / investment.

Knowing what is, and what has happened to the property market in the different areas of Telford (the differences of the property markets in Admaston, Wellington and Stirchley for example)  or comparing the town against say Stafford or Shrewsbury, enables me to spot any trends and opportunities for buy to let landlords.

One bargain (of many) that I spotted a few years ago and made a note of was a lovely 3 bed semi on Rose Crescent in Wellington. It sold in the summer of 2011 for £124,995. Admittedly it needed some TLC and a lick of paint, but what a bargain, because it was sold it again this June for £155,000.... A 24% increase in three years. Average property values in that part of Telford in the same three years only rose by 6.72 %!.

Whether you are a landlord of ours or not, or someone thinking of investing in rental market for the first time, drop by our offices at Grays, Forgegate in Telford or call 01952 306 444 for any advice and opinion on where the bargains are in Telford.

If you are wanting to know where I think there are some good investments to be found then take a click to the www.telfordpropertyblog.co.uk 

Deal of Day - 3 Bed House, Burford, Brookside, Telford - Good Value & Return!

On with Express Estate Agency for £87,500 this 3 bed mid terrace house looks well priced to sell.

Looks like there maybe some light refurbishment to be done, however it should rent for around £520 PCM, and if bought at the asking price this would give a gross yield of just over 7%

Brookside is popular with landlords, and in my Telford Property Update newsletter for September / October 2014 you will be able to read an interesting article on investing in Brookside.

Brookside has a wide range of facilities available including shops and schools. Located for easy access to Telford town centre, and the Southwater development with its shopping restaurants, bars and cinema this property offers a good location for a property investment.

See more at http://goo.gl/ciw7qk

Deal of the Day - 2 bed Character Cottage, King Street, Dawley, Telford. - Capital Appreciation & Rental Income

 

Just had this interesting character cottage come across my desk, and wanted to share with all you landlords out there...

 

 

Dawley enjoys a range of local amenities to include shops and good schools. There are also transport links leading into Telford town centre and the new Southwater development. Location is also good for access to Telford train station and the M54.

 

 

On with Your Move for £78,000 this cottage will appeal to those tenants that like something a little bit different. Rental yield should be around £500 pcm and if purchased at the asking price this will result in a gross yield of 7.5%

Looking at this row of houses where this property sits, I see that No.47 sold back in 2010 for £110,000 which looks like a similar configuration, so I believe there's potential capital appreciation with this property.

See more at http://goo.gl/tm4g7c

If you would like more information on buying to let in the Telford area, please give me a call or email martin@letwithsignature.co.uk.

Deal of the Day -1 bed flat, Albany Court, Trench - Good Return

Conveniently located just off of Wombridge Road .This flat is perfectly situated for local transport links across Telford as well as being within a stone's throw of the local shops and amenities of Trench.

 

On with Coleman Estates for £59,950 it has previously rented out for £400pcm, this would make an ideal purchase for a first investor (or someone looking to build their portfolio) giving a gross yield of 8%.

 See more at http://goo.gl/TVpBap

Telford …Good time to buy property?

 Southwater, Telford

 

Had an interesting chat with a landlord who lives in Newport, he called into the office whilst his better half was at the new Southwater development.

He is thinking of buying his first buy to let property and he wanted my opinion on the state of the market and if it was a good time to invest.

 He was particularly worried that there wouldn’t be any demand from tenants. One of the best pieces of advice I can give to those looking to invest in property is a simple trick of the trade. You can judge the affordability of an area’s property market (and thus how much demand there could be) by simply finding the ratio of the average property price to the average salary. The lower the ratio, the more affordable property is.

When we put this to the test, we found that Telford currently has an average property value of around £158,600. The average salary of someone living in Telford is £22,361. This is a ratio of 7.1 to 1. Most lenders will only lend up to 4.5 times income, so to buy an average house in Telford, a first time buyer would need to be on a salary in the early £35,000+  and even then, would need to raise at least a 5% deposit, which when you take into account buying fees, will be in the order of £10,500.

Tenants’ inability to raise that sort of money for the deposit is driving demand for rental property. If you would like some advice about buying to let, be you a landlord with a portfolio or someone thinking of investing in the rental market for the first time, please give us a call or pop in and see me at our office at Grays, Forgegate in Telford.

Deal of Day - 1 bed apartment Pooler Close, Wellington, Telford - Ready to go investment!

Just seen this apartment located in Wellington come to the market.

Great location easy walking distance to the town centre, where there are good road and rail links to Telford, Shrewsbury & Wolverhampton.

On with Harwoods for offers in the region of £85,000 this should rent for £500 and will attract professional tenants giving a gross yield of nearly 7%.

With a double bedroom with fitted wardrobes, gas central heating, double glazing and allocated parking, this is an ideal first investment, or one to be added to the portfolio.

If you would like more information on buying to let in the Telford area, please give me a call or email martin@letwithsignature.co.uk.

See more at http://goo.gl/Purbgk

 

Deal of day - 1 bed flat at Beaconsfield, Brookside, Telford - Good return on investment!

Just had this property bought to my attention, which I thought was worth mentioning to you potential landlords out there.

 

On with DB Roberts for £49,995 this property will rent at around £400 pcm giving a return of 9.5% gross yield.

 

 

Worth mentioning that this will probably be a leasehold property which needs confirming, but If you would like any more information about this property or generally about buy-to let, then drop me a line at martin@letwithsignature.co.uk

 

See more at http://goo.gl/bddLNa

 

2 Bed Apartment - Dalford Court, Hollinswood, Telford - Walk to Work?

Just come away from a valuation in Hollinswood, and seen this listing...!

I have many clients who like Hollinswood for its location, its a stable area for letting flats and houses, and is popular with landlords.

Because of its popular location this Hollinswood apartment will let very well, and shouldn't be around for too long. With easy links Telford Town Centre, Southwater, Telford Central railway station, the M54 motorway and the A442 road links, this will suit either a first time landlord or someone looking to build on their portfolio.

On at £72,950 with DB Roberts, this apartment can achieve a least £495 pcm, and if purchased at the list price it would give a yield just over 8%

This is likely to be a leasehold property so its worth checking out how long is left on the lease. If you would like any further information on the Telford property market please drop me an email at martin@ letwithsignature.co.uk. 

See more at http://goo.gl/cYYla6

Brookside Property market outperforms Priorslee by 66%

Following a discussion with a local landlord who lives in Wellington, we got chatting about his two buy to let properties in Telford and how property in Brookside where one of properties is, (Burford) was so different to the Priorslee area (Gatcombe Way), where he owned the other. We got talking about the two properties in both areas as he wanted some advice on where to buy the next one.

I did a comparison between the two and was surprised to find that the property market in the Brookside Estate area had outperformed the Priorslee development market by 66%!

The average price of 3 bed house on the Brookside Estate is £80,300. When you consider the rents that are achieved in the Brookside Estate are an average of £537 pm, this gives us a yield of 8% per year. So is the Brookside Estate the best investment? Well, in the Priorslee development the average value of a 4 bed detached house  is £240,000  and the average rent is £968 pm, giving a much lower yield of 4.8% per year, making the yield / return on the Priorslee, 66% less than property in the Brookside estate, so surely it is the best investment, isn’t it?

This, however, is a great example of annual yield/return not being the only factor when choosing an investment property, as you should also consider how much the value of the property goes up in the long term. In the last 9 years, property values have dropped on average by 7.2% in the Brookside Estate However, average property values for 4 beds on the Priorslee development have risen on average by 4.7% in the same time frame

So, if you are investing in Telford property, do you want capital growth or yield?  If you would like some advice about buying to let, be you a landlord with a portfolio or someone thinking of investing in the rental market, please come and see me at our office in Grays, Forgegate, Telford.  Or feel free to send me an email martin@letwithsignature.co.uk
 

Deal of Day - 2 bed Apartment, Dunstanville Court, Shifnal - Great long term investment

Just seen this come onto the market, a newly built 2 bed apartment in Shifnal, this is ready to go and worth a look

 

Shifnal always has always (and still is) been desirable. With its centrally located railway station you can be in Shrewsbury or Birmingham within half an hour, and you're just a couple of miles away from the M54 this property is ideally suited for professional renters.

 

 

Located central in the heart of this ever popular, historic market town. Tucked away from the main street this new build development has secure parking behind electric gates.

On with Fields of Shifnal for 119,950 it should rent for £600 pcm giving at return of 6%, perhaps not as high as other properties we've seen on the blog, but with good long term capital appreciation coupled with the type of tenant you can let to, this should be worth the investment.

See more at  http://goo.gl/DRCu5O

3 bed end of terrace, Dallamoor, Hollinswood, Telford - Good area for 1st Buy-to-Let

Just seen this come onto the market...

 

On with Tempertons for around £95,000 this property is located in Hollinswood, close to Telford Town Centre and the new Southwater development. Bus route nearby and getting to bus & rail stations is very easy.

I've not long let two properties in Dudmaston & Doddington and was inundated with enquiries. Finished to a good standard you should expect to get around £595 pcm or around 7.5% depending on the final price purchased for.

See more at /www.zoopla.co.uk/for-sale/details/34750258#MX7QRc7hr5pgqp1H.97

2 bed terraced Hadley, Telford - Ready to go...

I am always asked if I have two bed properties, and a good two bed property in the right area will always do well with rent and reducing voids.

 

Looking at this property I don't think this property will be around for to long....

 

On with Coleman Estates for just under £85k it has previously rented for £500pcm giving a gross return of 7%. and maybe with closer inspection a little more rent could be achieved?
 

Hadley is well located for accessing Telford town centre and Southwater along with easy access to Hortonwood, and Stafford Park.

 

This investment feeds the demand for good two bed properties in the Telford area and will do well as a first time investment or as part of a portfolio.

If you would like to discuss any of the properties on this blog or would like some advice on BTL please contact me on any of the numbers in this blog or call into the office for a coffee, the kettle as on...

 

 

Take a closer look at http://goo.gl/XGGL2z