3 bed end-of-terrace house in Flitwick with a possible 5% yield...?

http://www.zoopla.co.uk/for-sale/details/34899755#VkqK8xJ9JxY5m9qR.97

Modern 3 bedroom house in Flitwick, end-of-terrace and a half decent size for a recent build. There is a down side to this property, it backs right onto the trainline which explains why there's no photos of the rear garden!

However, if you're looking for a nice little investment these properties always rent out ok, and I think you'd get £800 per month at least for this one. If you could knock the price down to £190k (currently asking £200k) or lower then that's a nice little 5% yield!

Ugly 3 bedroom end of terrace house in Wilstead, but a nice 5.14% yield...

Jesus Christ look at that lovely 70's style carpet. Unfortunately I'm old enough to remember those well, and this place is like a step back in time. It's a pretty ugly house, check out the link here:

http://www.zoopla.co.uk/for-sale/details/35473156#Uhyx0WZHJ7jKVHd7.97

If you can pick this up for £175,000 it will rent out for £750-£800 per month, maybe more with new carpets! The kitchen looks new, it has gas central heating, upvc double glazing, garage in nearby block, and Wilstead is great for easy access to Bedford, Luton and Milton Keynes. Nice little investment if you ask me.

3 Bed Semi in Maulden for £120,000???? - Potential 7.5% Yield!!!

Have you seen this 3 Bedroom Semi for sale in Maulden: http://www.rightmove.co.uk/property-for-sale/property-33215838.html

At first glance this looks like a bargain, but i'd need a closer inspection. Judging by the photos and looking at the windows, can you see a reveal around any of them? This tells me it might not be standard construction and could be unmortgageable, meaning difficulty in finding a lender to fund it. Definitely worth checking beforehand.

If you're looking at buying for cash to do up and sell, would your buyer obtain a mortgage once you've renovated it? Worth looking into.

Unless you've budgeted for the necessary structural work and had a surveyors opinion then you still need to research this one properly. Of course if you're buying with cash and holding long term then you might not care - but i'd still be aware of the potential implications when it comes to sell on.

I'll be interested to see what this sells for, and what the buyer does with it. Could be a bargain, could be a huge mistake! Offers must be in 12 noon on 6th Feb, good luck if you're going for it.

Once renovated I'd expect to achieve £900-£995 per month if let out, depending on the quality and rental demand. As it is you could still get £750 per month, meaning a fantastic 7.5% yield if bought at the £120,000 reserve price. 


(By the way it annoys me when agents don't include floor plans, I always insist on one when selling or renting my properties!)

5.87% Yield for two bedroom flat in Flitwick - Not to be sneezed at!

http://www.rightmove.co.uk/property-for-sale/property-47145376.html

We used to manage this flat and it used to rent for £650-£675, depending on demand and time of year. The rooms are a decent size, the kitchen was refitted around 18 months ago, it's got parking, gas central heating and double glazing - it would be ready to let straight away.

If you can grab this for £140,000 and rent it for £675pm then thats a 5.78% yield - not bad for Flitwick!

If you would like any advice on investing in Flitwick and the surrounding villages then drop me a line at graham@1st-house-lettings.co.uk and I'll be happy to help.

New Stamp Duty Charges announced today, coming into effect from midnight tonight!

If you haven't already heard, today the goverment has announced the following changes to the outdated Stamp Duty charges starting from midnight tonight, see this handy HMRC calculator here for new rates:

http://www.hmrc.gov.uk/tools/sdlt/land-property-results.htm?dates_Transaction=05%2F01%2F2015&moneyResidential=135000&moneyNonResidential=0

These new rates should hopefully save property investors a bit of money, depending on the price you're paying of course!

See governement web page here:

https://www.gov.uk/stamp-duty-land-tax-rates 

Under the new reforms:

• No SDLT payable at all on properties up to £125,000
• The first £125,000 on properties to be free of SDLT
• Then payable at 2% payable on the portion up to £250,000
• Payable at 5% on the portion up to £925,000
• Payable at 10% on the portion up to £1.5m
• Then payable at 12% on the portion over that amount.

2 Bedder in Ampthill for £125k = 5.75% yield

Indigo's had this nice little two bed flat on the market for £125,000 and the details say it was currently renting for £575 per month - that sounds a bit low to me. I reckon the rent could be increased to £600 or £625 per month without too much of a probelm, making a possible 6% gross yield.

Whoever bought this has got a nice little investment in my book!

http://www.rightmove.co.uk/property-for-sale/property-47635145.html

'Right to rent' checks start in West Midlands

Landlords in the West Midlands who fail to check whether prospective tenants are in the country legally will face a £3,000 fine, under a new rule expected to be rolled out across the UK.

So it's looking like all landlords will soon have to check whether a person is legally allowed to rent a property soon, are you prepared for this?

At 1st House Lettings our referencing will include these checks as standard, when (or if) its rolled out nationally, which I'm assuming it will be.

Make sure your letting agent knows about these checks coming soon, otherwise you may face a nasty surprise.

Full story here: http://www.bbc.co.uk/news/uk-england-birmingham-30251741