Buy To Let, Ware £190,000 Two Bedrooms.......

www.hunters.com

Great Buy To Let In Trapstyle Road, Ware, Herts. Ground floor, Two Double Bedroom apartment with good size Kitchen and refitted Bathroom. Great location for both commuters and those wanting to be near GSK and the Town Centre. Ready to rent and would achieve £800 pcm. 

You will need to extend the lease as this has yet to be done but once in place would increase the value of the property substantially. So you get a good rental income to start with the potential for great capital growth. 

Trapstyle Road, Ware - Buy To Let - £190,000  

 CLICK HERE FOR DETAILS

"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”

Hoddesdon, 1 Bedroom Buy To Let with 6% YIELD

www.hunters.com

On the market with an Estate agents in Hoddesdon is this well situated one bedroom flat, within short walk of Hoddesdon Town Centre. The property includes a lounge/diner, kitchen, bedroom and bathroom. Benefits from allocated secure parking and is offered CHAIN FREE.

This would make an ideal Buy To Let as these flats rent really well. The location is great and you should expect to achieve around £750 per calendar month once it has been decorated in a more neutral way. Just a word of advice to check the length of lease though as it may need renewing, however on current purchase cost should give a "Yield" of close to 6%  

Give the agents a call and get round to have a look and if you want any further help get in touch with me at the office.  

1 bedroom flat for sale: £154,995 Brunswick Court, Rawdon Drive, Hoddesdon, 

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FOR FULL DETAILS

"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”

Lee Close, Stanstead Abbotts - Buy To Let - 4.5% Yield..........

www.hunters.com

Just brought to market by us at Hunters Stanstead Abbotts is this Two bedroom, Top floor apartment in a sought after location with private Balcony over looking communal gardens and the River Lea. The property comprises entrance hall leading to Living room with separate Kitchen. Bathroom with modern white suite. Allocated and visitor parking. 

The apartment has an extended lease and so no need to worry about large expenses later on and is ready to rent. Offered "Chain Free" expect to achieve a rental of around £1000 pcm so will produce a Yield of 4.5% but with the longer lease Capital growth will be good and as the area is very desirable for commuters the Void Periods will be low. 




CLICK HERE for further details

"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”

Buntingford Buy To Let, £900 PCM and over 4% Yield

www.hunters.com 

Here we have a two bedroom ground floor maisonette in a central location in the small town of Buntingford. The property comprises large entrance hall and living room, two double bedrooms, recently re-fitted kitchen and bathroom. Recently re-fitted master bedroom. Gas central heating via radiators, double glazing. Communal garden and allocated parking space. Offered chain free.


This property is ready to rent and should achieve around £900 pcm providing a Yield of over 4%. 

Click Here For Details

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”

Location, location, location?

www.propertyfile.co

One of our new clients has just purchased a house to let in a small village not far from our Stanstead Abbotts office, when she approached us to market the property her initial concerns were that the property may be too far away from a train station to be of much interest to Tenants but she had brought it with a long term view of capital growth and the rise in resale value that this would provide. It didn't take long to persuade her that not all tenants want to live near a station or Town centre and that she had brought a perfect property for the purpose she had intended.

With renting a property now considered the norm for many individuals and family's alike it is not the case that all renters want a one or two bedroom apartment, near to a main line station and close to a high street for shops and evening entertainment although these are certainly aspects that a lot of people want. Many more rural locations are very much in demand and country cottages are always a sought after item.

With "Buy to Let" the bottom line should always be the determining factor for your purchase, how much will be your total investment, what wil the "Yield" return and will capital growth perform as expected. Certainly the old adage of location, location ,location plays a big part in the capital growth but it may be that the other two factors are equally or more important to you as an investor. 

If you are looking to invest in "Buy to Let" and would like some advise feel free to pop into our High Street office for a chat, especially if you already have a property in mind, we will be glad to help.

        

"Your local lettings 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”


 
Adrian Fallart - Director - Property File

Who do you think you are kidding Mr Milliband!

www.propertyfile.co

On Tuesday the 13th of May Mr Miliband, the leader of the labour party, is putting forward a bill in the houses of parliament to shake up the "Private Rented Sector" and to my mind and many others within the market, put us back at least 30 years.

Apparently Mr Miliband and his followers believe the Private rented sector is all part of the "Rip Off Britain" that we hear so much about with letting agents charging enormous and unjustified fees and Landlords capitalising on the circumstances of others! Mr Miliband allegedly believes that it is unfair for a Letting agent to charge a fee to tenant applicants looking to privately rent a property and that the current legislation of an "Assured Shorthold Tenancy" with a minimum term of Six months is unfair and that it should be made mandatory that the minimum term is 3 years to give more security of tenure to the tenants!

Let's start with the letting agents fees. I have been running my own agency for 10 years and we charge a fee to the tenants looking to rent a property from us. These fees are to cover the costs for credit checking and referencing of the applicants for which we pay fees to an outsourced company to do on our behalf as they are firstly very time consuming and secondly it reduces the chance of any errors within the process. The fees also cover the costs of administrating the Assured Shorthold tenancy agreement which is individually tailored to each tenancy, a legal document which must be correct for obvious reasons. The fees also go toward the preparation of an Inventory, advising all utilty companies and council tax of the change of tenant and registering the tenants security deposit with the relevant authority. All this takes effort and time and as the old saying goes "time is money".

Not only is all the above time consuming but most importantly it has to be done correctly, we are talking legal documents, dealing with local government for tax and registering deposits with government organisations. This is a job for professionals with expertise and experience, it is not something that should be taken lightly and as such how can it be seen to be unreasonable by Mr Miliband, his labour party and charitable organisations such as "Shelter" that these services should levy a fee.

As a small business owner I spend my life paying out fees for various services that we require to run our business, fees for admin charges, fees to solicitors to carry out legal work and fees to operate my computer systems. I have to pay rent for my office, phone, heating and electric bills and probably most important of all I have to pay to constantly be up to date with the legal aspects of the lettings industry to ensure I am doing the job correctly for the very tenants Mr Miliband claims to be standing up for.

When Mr Miliband and his cohorts go to the houses of Parliament on Tuesday the 13th of May they will claim a fee for their precious time, over and above thier already high salary, for just being there and representing their party faithful, if they can claim a fee for that purpose is it not reasonable for small business owners like myself to charge a fee for our time and effort which ultimately is ensuring the legal compliance of our work and the security of all parties concerned.

Now let's look at Mr Milibands desire to extend the minimum term to 3 years instead of 6 months as has been the case since the "Assured Shorthold Tenancy" agreement was instigated in 1988 under the housing act.

The benefit of a 6 month agreement is that it creates flexibility for all parties both Landlord and Tenant. Circumstances continually change for everyone, as the say "Life is what happens when your making plans", what if the landlord needs the property back to live in or has financial restraints which means the property needs to be sold, if the term is confined to three years this could create major problems with claiming back possession of the property.

What if the tenant, that moved into the property with all good intentions, can now no longer pay the rent? without the flexibility of an assured shorthold agreement as it stands today the very issues that Mr Miliband believes he will be alleviating will actually get worse.

With the "assured shorthold tenancy" as it is at the moment we already have major issues when it comes to reclaiming possession for the landlord, the eviction process is lengthy, costly and difficult enough as it is without further issues created by making the fixed term longer than necessary. Just as importantly as all the above is the Tenants situation, their circumstances may change too and need to move out before 3 years.

I Feel Mr Milibands ideas are poorly conceived and appear to be just electioneering, he may believe that this is the way forward to secure many votes from the 9 million people in this country that privately rent, a figure which is surely to increase considerably over the next few years, but if he really wants to help people with their housing needs he should be looking at
ways to create more homes in general for the private renters, housing association tenants and home owners alike.

"Your local lettings expert, 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”





        Adrian Fallart - Director - Property File

A New Influx of Landlords?

 www.propertyfile.co

Last week an existing client of ours approached us with regard to increasing their current Buy to Let portfolio as the recent changes in the pension's overhaul announced by the Chancellor in last month's budget enables them to withdraw a cash lump sum from their private pension.

This initiative means there could soon be a whole new influx of landlords coming into the property rental sector as savers aged 55 and over can access this cash and will mean probable surges in Buy-to-Let as savvy investors look to maximise returns on their savings. Property remains a favourite source of income as rental returns continue to outweigh savings rates, making Buy to Let a very attractive proposition.

The new generation of landlords will focus on acquiring property in the right locations to deliver solid rental returns and our local market has continually proven itself as one of the top areas in Hertfordshire for investment.

We are already seeing a large number of new Buy to Let enquiries as well as many of our current Landlords looking to increase their portfolios locally and this new pensions incentive is sure to increase demand.

The increase over the last twelve months of the average rental income as previously reported will also be a factor in encouraging potential investors to put more money into "bricks and mortar" with the average rent now achieving £797 per calendar month nationally, although in this region our figures are higher with a two bedroom property realising £843pcm.

"Your local lettings 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”





Adrian Fallart - Director - Property File

Buying to let guide | UK Rental Property Management

www.propertyfile.co

Buying to let top 10 guide:

Buying to let in the UK market has become a real challenge, as prices have remained high but demand for renting is also high. Our Top 10 tips will maximise your chances of making a good return on your investment into the buy-to-let market.

My 10 Steps to success:
Ok I'm going to make this very easy by revealing my 10 steps. Follow this and you will succeed, ignore a step and you may struggle. Here goes...
1. Find the right area to buy into and make some appointments with local letting agents normally estate agents will be able to offer help with letting too .
2. Once you've picked their brains to assess the state of the lettings market (and discovered what type of properties are most in demand) you can begin the house hunting game. Get several viewings under your belt to get a feel of the market.

3. Talk to mortgage providers early on in the process to ensure that you find the best deal. If you have a personal financial advisor, they may do this service free of charge and so it may save you money and time along the way.
4. Once you've found a suitable property put in an offer and be patient. What you might think is a silly offer may prove to be a bargain, remember you can always increase your offer.
5. When your offer on the property is accepted you'll need to get a licensed conveyor or a solicitor to deal with the legal and financial paperwork.

6. This is the step that can seem to go on forever, the survey and searches.You will also need to get it valued. Then you'll be in a position to finalise your mortgage arrangements with your finance lender.
7. Who will property manage ? Once you've been handed the keys you'll need to decide whether you are happy to manage the property yourself or if you want to hand it over to a letting agent. My advice is use a letting agent, it may cost you but the knowledge and experience a professional letting agent can provide will save you money in the long run.
8. The chances are that the property will need some work doing on it, so it's best to get the workmen in there as soon as possible. You will find speaking to the letting agents that they have just the team for the job should you not already have someone in place. 

9.When it comes to marketing the property remember that unfurnished is the modern way. It may very well be that you need to provide kitchen appliances but other that leave the property empty except for flooring and curtains or blinds.

10. Before your tenants take the property, do make sure that they are clear on the terms of your contract to avoid any later possible complications.

If you want more tips on letting property go to our website www.propertyfile.co and click on the FREE STUFF icon and request a copy of SECRETS TO SUCCESSFUL LETTING.

"Your local lettings 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”

Adrian Fallart - Director - Property File