Chalet Bungalow & Building Plot In Bedford - £155k

This is looking like a massive bargain if it can be picked up for the guide price of £155,000. Looking at it on google maps the plot definitely seems big enough for another property:

http://www.rightmove.co.uk/property-for-sale/property-37898718.html

I really think there's good money to be made here, will be interesting to see what it goes for at auction. A quick search reveals it's been on the market for £190k (https://www.onthemarket.com/details/1306068/) and hasn't sold, so now it's up for auction with a guide price of £155k.

Warren Farm Development, Ampthill - Public Exhibition Dates

Warren Farm Development - Public Exhibition - The Council Chamber Ampthill Town Council Office, 66 Dunstable Street, Ampthill - Friday 4th December - 1.30pm and 8.30pm

Unfortunately the developers community engagement site has not been updated for some time: www.warrenfarmampthill.com

Above info was taken from https://www.facebook.com/Ampthill.Info/?fref=ts

Fine after tenants suffer carbon monoxide poisoning -

I only wrote a post yesterday about Smoke and Carbon Monoxide alarms, and then this story appears in the press today:

https://www.lettingagenttoday.co.uk/breaking-news/2015/11/fine-after-tenants-suffer-carbon-monoxide-poisoning

If you haven't got any alarms in your rental property then you really need to get them fitted, they're only £10-£20 each and take 5 minutes to fit.

Smoke And Carbon Monoxide Alarms - Has Your Rental Property Got Them?

It never ceases to amaze me how bad some agents are at keeping up with current legislations. Over the past two weeks I've been to see a property that's already managed by another agent which didn't have a smoke alarm fitted, and I spoke to another landlord who's agent told him he didn't need to put in smoke alarms until a change of tenancy. This was their interpretation of the new regs that come in on 1st October 2015.

Seriously? 

Both agents aren't doing their job properly. The regs changed on 1st October and every 

Two Bed House In Stewartby - Immaculate

Following on from the one bed flat in Stewartby from Saturday, have a look at this immaculate two bed end-of-terrace house on for £165k:

http://www.rightmove.co.uk/property-for-sale/property-35870628.html

This would easily rent to the first people who see it, as long as the price isn't too high! It looks immaculate inside, and that definitely helps set a rental property apart from other similar ones on the market.

I'd say this should rent for at least £750-£800 per month, possibly more, but without seeing it it's difficult to say exactly.

If you'd like a chat about anything property related then give me a call on 01525 838848 and i'll get back to you as soon as possible.

http://www.1st-house-lettings.co.uk/

One Bed Flat In Stewartby - £105,000 = 6.28% Gross Yield!

There's always good demand for one bedroom properties in Mid-Bedfordshire, and this flat in Stewartby would easily rent out for £550 per month:

http://www.rightmove.co.uk/property-for-sale/property-52086877.html

Looks like another one in the same block has just been sold as well, for the same price. If you're looking for an easy property to rent out, at around £100k then look no further!

If you'd like any advice on investing anywhere in Bedfordshire then give me a call on 01525 838848, or email graham@1st-house-lettings.co.uk and i'll get back to you personally.

Ampthill vs Flitwick - Average House Prices, Who's Higher..?

Lately I’ve been looking at the differences in the average sale prices over the last 12 months for properties in Ampthill, compared to Flitwick. There’s a clear difference:

The average price for terraced houses in Flitwick is currently £208,709, whilst terraced houses in Ampthill are worth around 19% more with an average of £246,876. The same was found for the value of an average semi-detached house worth £248,804 in Flitwick, with the value increasing by 21% in Ampthill at £301,784. For a detached house in Flitwick, you can pay approximately £379,850. This value is increased by 18% in Ampthill, with an average price of £448,943.

So Ampthill is more expensive across the board by 18-21% for houses, not such a massive shock. But do the rental returns reflect this? I’ll be comparing the yields and rental returns later.

If you are a landlord who is looking to buy a property to let it’s worth considering the possible annual returns/yields, making sure it works for your figures. If you would like any advice when choosing investment properties then give us a call on 01525 838848, or drop into our office at 21 The Rufus Centre, Steppingley Road, Flitwick, by the new sports centre currently being built.


http://www.1st-house-lettings.co.uk


(Above price info was taken from Zoopla)