How Can You Find a Good Property Deal
in Flitwick?
The subject of a lack of Flitwick property bargains over the
last couple of years has always been near the top of most local landlord’s
thoughts. I have built up and extensive
database of every property sale in Flitwick and Ampthill since the late 1990’s
so am able to give an objective and unbiased opinion on what (and more
importantly what does not) make a good property deal/buy to let
investment.
Knowing what is happening and what has happened to the
property market in both towns or comparing them with neighbouring towns and
cities such as Bedford, Milton Keynes or Luton, enables me to spot any trends
or opportunities for local buy to let landlords.
One bargain I spotted last year was a three bedroom
semi-detached house on Pipet Close in Flitwick. It came onto the market in
July 2012 and eventually was reduced to £229,995 selling in the Summer of 2013
for £220,000. A matter of a few months
later the property came back onto the market for £245,000. Comparing the before and after photographs in
classic “Homes Under the Hammer” style, and all the owner appeared to have done
was replace some carpets, redecorated with emulsion, bought a few hundred pounds worth of tiles and new worktops for the kitchen.
It sold almost straightaway for the asking price of £245,000 which is a
rise of 11% in around 18 months.
Even more interesting when you consider that, during the same time period,
property values in this area only rose by 4.5%.
Nowadays, I post my “deals” on the Ampthill and Flitwick
Property Blog so everyone has a chance to spot any Ampthill and Flitwick buy to
let bargains. As I don’t sell houses I
can give an objective and unbiased opinion on what does or does not make a good
investment and I look forward to posting deals on a regular basis on the blog
for consideration.
Whether you are a landlord of ours or not, or someone of
investing in the rental market for the first time, please drop by our offices
of for any advice or opinion at the Rufus Centre, Steppingley Road in Flitwick,
near the Leisure Centre.
Graham Hughes - 1st House Lettings - 01525 838848 - graham@1st-house-lettings.co.uk
