Why You Should Consider Buy To Let in Hoddesdon

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One of our recent articles, when we spoke about the difference between Hertford and Ware property markets, produced a number inquiries and a couple of people came into our offices for a chat about investing locally in buy to let and in particular the town of Hoddesdon. 

With many people in our part of Hertfordshire now looking to the Buy To Let market as a means of medium to long term investment, which is fueled by poor interest rates on building society savings and pension fund returns struggling to match expectations, this is turning more and more people into "Landlords" to secure their future. 

So what can you expect from your rental property investment?  In the short term, rental yields are important, and in Hoddesdon the average annual yield is in the order of over 5% In the long term though, the question of capital growth is as, if not more, important. 

Average property values in Hoddesdon currently stand at £299,735 and have risen by nearly 9% in the last 12 months. As property investment should be considered a medium to long term plan I wanted to share with you the recent research I did for a couple of our existing Hoddesdon landlords. 

Go back 5 years to 2010, the average value of a property in Hoddesdon was £239,517 and therefore there has been a healthy increase of over 25% to the current value of £299,735. However, when we looked at a similar 5 year period with other forms of investment the results are even more impressive. For example, If you had put £239,517 into the stock market in 2010, instead of buying a house in Hoddesdon, your shares today would be worth £271,612. If you had put the same £239,517 in a Building Society account and you reinvested the interest back into the account year on year your Building Society passbook would have £264,446. Compare that with the property market in Hoddesdon and the investment would already be worth more, better than the Stock Market and much better than the Building Society account. But these better returns are only half the story because with the rental property in Hoddesdon you would have received in nearly £60,000 in rent over that 5 year term as well as the capital growth achieved.

All in all this makes for sound investment advice and proves once again that the local property market is the right place to put your money. 

If you are considering investing in the local property market, either for the first time or to increase your existing portfolio, why not get in touch with us or drop into our office in Stanstead Abbotts High Street and we will be glad to help and give you some free advice.    

  
        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” 

  

A Growing Portfolio of Property Investment With a Very Happy Client...........

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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” 

  

    

New Property Website to Rival Zoopla & Rightmove.....

www.propertyfile.co 

Property File is proud to announce it is featuring all of its properties at OnTheMarket.com, a new property website which launched on Monday, January 26^th 2015 as a direct competitor to Rightmove and Zoopla.

OnTheMarket.com is a mutual organisation focused on providing an outstanding service for property searchers, estate and letting agents, vendors and landlords. The venture has the support of more than 4,600 estate and lettings agency branches nationwide, including those of leading national, regional and local firms. OnTheMarket.com is expecting many more to join in the coming weeks after they have seen the website.

Estate and letting agents who have joined have moved hundreds of thousands of properties to OnTheMarket.com from other websites to create a unique set of listings which cannot be found elsewhere. In addition, many are choosing to launch their properties exclusively there first, at least 48 hours in advance of the other portals.

Neither Rightmove nor Zoopla can now claim their property listings cover the entire market because many estate and letting agents have left them to join OnTheMarket.com as the best platform to showcase their properties in the clearest and simplest way. 

The property search at OnTheMarket.com is slick, simple, fast and state-of-the-art, compatible with the latest technologies. The website adapts seamlessly to fit the screen of any device being used to view it. There is no clutter from irritating and distracting third party adverts, nor any spam email.

Every property at OnTheMarket.com is marketed by a locally-based estate or letting agent because OnTheMarket.com knows the majority of the public recognises the benefits of having a local professional in place who can manage the sales or lettings process on their behalf. Also, there is no substitute for their detailed knowledge of a property, the local area, the current market conditions and the vendor’s/landlord's personal circumstances.  OnTheMarket.com does not feature properties marketed by online-only agents.

Adrian Fallart, Director of Property File said: “We believe OnTheMarket.com will rapidly grow to become a major player in the portal market because it will provide a clean, crisp and simple search function and a highly effective platform for our vendor and landlord clients and be a great place to launch new properties onto the market.”

Ian Springett, Chief Executive of OnTheMarket.com, said: “We are delighted Property File has committed to OnTheMarket.com and we look forward to matching motivated buyers and tenants with all the properties our member agents are marketing for their clients in and around Stanstead Abbotts.” 

"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”

 

Lack of affordability of local housing means good rental opportunities.................

www.propertyfile.co

Following on from our recent articles on the right time to invest in the local property market we had a client come into our office to discuss their first Buy To Let. Their main concern was is it still a good time to buy property for rental purposes and is the demand still strong in the local area. 

The best way to judge this is to look at the affordability of local housing by simply finding the average property price and comparing to the average salary, the higher the ratio the less affordable property is and therefore the more likely that people will rent rather than buy.

To test this we found that Hoddesdon currently has an average property value of £302,000 and with the average salary quoted as £35,100 pa. This is a ratio of 1 to 8.6. Meaning a Mortgage of over 8 x salary and a deposit of over £15,000 would be required. 

With Mortgages being harder to obtain than in previous times and the amount of high deposits needed to proceed with a property purchase, for many people renting is continuing to be a very good option and this trend is likely to continue. Therefore it would stand to reason that for those with the means to be able to "Buy To Let" now is a good time.    

For more local property insight visit our new website at propertyfile.co and sign up for our newsletter.

"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”

 

Stanstead Abbotts Property Prices............

www.propertyfile.co

Had a quiet moment in the office and checked out some Interesting statistics for property sales in Stanstead Abbotts over the last 12 months.

Most sold were apartments with an average price of £169,564. Terraced properties had an average sold price of £269,999 and semi-detached properties averaged at £368,406. 

Surprisingly there has only been 8 detached houses sold in the same period with an average price of £662,500 although this was mainly bumped up with one property being sold for £1.7 million!

If you have a property that your are considering selling in Stanstead Abbotts or any of the surrounding areas drop into our High Street office and we can discuss your options. 

"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”

 

Needs Updating, potential Yield of around 5.5%, good capital growth

www.propertyfile.co

In need of updating there is potential here for a an investor to make a good "Yield" and capital growth. 

On the market at £300,000 you will need to spend some cash but once complete you can expect a monthly rental of £1400 to £1500 per calendar month which is a yield of around 5.5% as long as you control the spending.

Located in a good position within close proximity to the local School and not far from the High Street this is an ideal rental for a family looking to move to the village with its great facilities and commuting options. 

If your interested in Buy to Let and want some free advice why not drop into our High Street office and speak to your local property experts.

 

4 Bedroom House, Needs updating, £299,995 

"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”

 

4.5% Yeild, Low Voids & Ready to Rent

www.propertyfile.co

Offered chain free and ready to rent, this property is located in the High Street of Stanstead Abbotts in close proximity to the train station so good option for tenants looking for an easy commute. We currently rent a very similar property in the same block and it has a great record of low void periods and low maintenance. Expect to achieve a rental of around £600 per calendar month which will return a "yield" of 4.5%, still better than cash in the bank with the future capital growth a good bonus.   
 

 

One Bedroom Apartment, Stanstead Abbotts, £134,995

"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”