Had an interesting conversation with one of our existing clients this week about the increase in value he has seen on is Buy To Let property that was purchased only just over a year ago in Stanstead Abbotts.
The property in question is a two bedroom apartment that we recommended he buy for the purpose's of a rental income, situated in The Granary. It was not on the market with our agency unfortunately but that didn't stop us steering him in that direction as we new that this would be ideal for his first experience in the local lettings market. Not just because the purchase price was reasonable but also because the rental income achieved would be such that his "Yield" would be very favourable and on top of that the all important "Void" periods will be low due to the great location.
The client thankfully took our advice and proceeded with the purchase and then asked us to market and manage the property for him. Just over 12 months later we have had the property Let consistently returning our client a "Yield" of just under 6%.
Our client came into our office in the High Street of Stanstead Abbotts because he had received our latest Newsletter reporting all things property and, taking a look at our website, noticed that we were now marketing for sale a Two bedroom apartment similar to his in The Granary at £199,995, this being over £25,000 more than he paid. Not only that he was further delighted to find out that the rental income has now increased also. Suffice it to say our client is very happy with his return on investment and is now considering increasing his portfolio and more importantly for us he is very happy with the advice and service our agency is providing.
If your looking to invest in property locally why not come into our office for a chat or just pick up the phone and we will be more than happy to give you all the advice and guidance you need to achieve your goals and you too may end up as happy as this client.
Your local property experts, our advice is free but our knowledge is priceless"
I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”
