Deal Of The Day, Hoddesdon, 3 Bedroom House 5% "Yield"

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This property has been on the market for a while but would make a great Buy To Let. It appears to be in good order throughout with modern Kitchen and white Bathroom suite so no need to spend much money on refurbishments and the location is ideal for tenants being so close to the John Warner School, town centre and easy access to Rye Station and other commuter routes.

On the market at £285,000 we have recently rented similar to this at £1200 Per Calendar Month which would provide a "Yield" of over 5% and with the general rise in the housing market and the need for buyers to be near good schools the capital growth and return should be great also.   
 

Click Here for details

My thoughts on the local Property rental market can always be found on my blog but if you would like some specific advice please feel free to pop into our High Street office in Stanstead Abbotts or give us a call.
 

 "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”

                                            

           

Deal Of The Day, Hoddesdon, £184,000, 5.5% "Yield"

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As part of our service as your local property investment experts we are always keen to recommend good property deals locally, even if the properties are on the market elsewhere, that will rent well and make you a good return.  

This property has been on the market for a while but would make a great Buy To Let. Seems in relative good order so no need to spend much money on refurbishments and the location is ideal for tenants being close to the town centre and easy access to Rye Station and other commuter routes.

On the market at £184,000 we have recently seen properties rent similar to this at between £850 to £900 Per Calendar Month which would provide a "Yield" of between 5.5% to 5.9% 
  

click link below for further details 

Two Bedroom Apartment, Hoddesdon, £184,000 

Stanstead Abbotts Property Values Rise 1.15% Over 3 Months...........

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Property values in Stanstead Abbotts rose by 1.15% over the last 3 months. This follows several months of sluggish activity in the local property market in the run up to the Election, putting the average price of a property in Stanstead Abbotts at £366,383 but this is still 6.7% higher than 12 months ago.

Interestingly, the Council of Mortgage Lenders and Estate Agent trade bodies over the last few months have reported seeing a fall in mortgage lending and enquiries from prospective home buyers. This is important because it comes amid an overall rise in housing market activity in Stanstead Abbotts. Data from the Land Registry said completed house sales in Stanstead Abbotts in the three months to the end March 2015 actually rose by 13.3% compared to the same three month period up to March 2014.

This increase in property sales in Stanstead Abbotts is supporting local property values, as there is a shortage of houses coming onto the market property values are still rising well above the level of inflation. 

As I have said previously the population in the Ware region is growing at a much higher rate than the number of properties being built. This increasing demand for a roof over people’s head, which is outpacing the supply of new houses being built locally, is creating a severe imbalance in the local and national housing market, thus making home ownership an ever increasingly distant dream for many of the potential Stanstead Abbotts first time buyers.

In fact, I still maintain the view that house prices are likely to rise by a further 3 to 5% in Stanstead Abbotts in 2015. The reason being is that the rise reflects both strong economic conditions and steady market conditions with very low numbers of properties on the market. 

Many Buy to Let landlords know that investing in the Ware region property market is a long-term strategy of 5 - 10 years minimum. Governments come and go, but unless East Herts District Council start to build hundreds of new properties a year to make up for the lack of supply, a strong demand for rental properties will always remain.

As my existing landlord clients will testify, whether you manage your property yourself, or another local agent manages your properties, everyone is always made to feel welcome when they pop in to our offices in Stanstead Abbotts High Street to discuss anything to do with the local property market, how Stanstead Abbotts compares with its closest rival towns. I don’t do hard sell, I will just give you my honest and straight talking opinion.

"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”

Local Landlords with Gas Boilers & Appliances

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Here is some advice for the many Landlords with rented properties in the Ware, Hoddesdon and Hertford regions which have Gas Boilers and Appliances.

As from October 2015 Landlords will be required by law to install working smoke and carbon monoxide alarms in their properties, under measures announced by Housing Minister Brandon Lewis on the 11th March 2015. The move will help prevent up to 26 deaths and 670 injuries a year.

This measure comes with strong support after a consultation on property condition in the private rented sector and is part of wider government moves to ensure there are sufficient measures in place to protect public safety, while at the same time avoiding regulation which would push up rents and restrict the supply of homes, limiting choice for tenants.

Housing Minister Brandon Lewis said:

In 1988 just 8% of homes had a smoke alarm installed – now it’s over 90%.

The vast majority of landlords offer a good service and have installed smoke alarms in their homes, but I’m changing the law to ensure every tenant can be given this important protection.

But with working smoke alarms providing the vital seconds needed to escape a fire, I urge all tenants to make sure they regularly test their alarms to ensure they work when it counts. Testing regularly remains the tenant’s responsibility.

Communities Minister Stephen Williams said:

We’re determined to create a bigger, better and safer private rented sector – a key part of that is to ensure the safety of tenants with fire prevention and carbon monoxide warning.

People are at least 4 times more likely to die in a fire in the home if there’s no working smoke alarm.

That’s why we are proposing changes to the law that would require landlords to install working smoke alarms in their properties so tenants can give their families and those they care about a better chance of escaping a fire.

Ensuring the safety of tenants

The proposed changes to the law would require landlords to install smoke alarms on every floor of their property, and test them at the start of every tenancy.

Landlords would also need to install carbon monoxide alarms in high risk rooms – such as those where a solid fuel heating system is installed.

Those who fail to install smoke and carbon monoxide alarms would face sanctions and could face up to a £5,000 civil penalty.

This would bring private rented properties into line with existing building regulations that already require newly-built homes to have hard-wired smoke alarms installed.

And it’s in line with other measures the government has taken to improve standards in the private rented sector, without wrapping the industry up in red tape.

I believe this to be a great step forward in the private rented sector and as an agency will be ensuring all our properties with Gas Boilers and appliances have the Carbon Monoxide Alarms fitted before the October deadline.

My thoughts on the local Property rental market can always be found on my blog but if you would like some specific advice please feel free to pop into our High Street office in Stanstead Abbotts or give us a call.
 

 "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”