Thursday, December 22, 2016

Christmas Bargain - £119,950 on the Country Park Estate 5.5% return!

Harrison Murray have just listed this great 2 bed ground floor property with its own private garden and a garage in a block. These were built I believe as an affordable option on the Country Park Estate - I guess in the 1970's?

Its one of the nicest areas in Melton Mowbray and a great location for local schools. These typically let for £550 pcm which is a 5.5% return if purchased for the asking price. 

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Wednesday, December 21, 2016

New Street Asfordby, 5.3% return on £122,500 investment

This is a nice 2 bed on the market for sale with Harrison Murray for £122,500 and is in Asfordby.

It looks to be in good condition inside and would easily let for £550 pcm. This type of property lets really quickly.

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Monday, December 19, 2016

Melton Mowbray Town Centre Stunning Refurbishment 5% Return

This former office building has been beautifully refurbished and looks to have a thoroughly modern finish while retaining the character features. This property has large rooms and would let really well I think. It has a parking space at the back and the high spec finish will help it achieve a potential 5% return on investment.

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Friday, December 16, 2016

Uncertainty in the Melton Mowbray Property Market for 2017

I have been reading lots of articles in the media about uncertainty in 2017, if 2016 is anything to go by who knows what will happen!!

It got me thinking about the Melton Mowbray property market, employment levels and the availability of credit?

We have to realise that the chronic shortage of housing will keep prices buoyant even if lending does become more difficult.

We have seen lots of changes in Melton Mowbray since 1998.  If there has ever been a problem for people to borrow money or to secure a mortgage, it has always increased the numbers of people looking to rent a property.

The increased demand, and shortage of rental available, only results in rents increasing.   Perhaps it will become more viable for a landlord to invest if they can see the returns on a rental property grow.

The government do seem keen to keep increasing the taxation levels on landlords.   Without people investing in property there would be no Private Rented Sector to cater for those who choose to and need to rent.   It’s often their only option or the best option for their current circumstances.

I believe we will see those with some cash to invest still buying property, especially if the yields become more favourable, as the returns from savings are expected to remain low.  The increasing yields would offset the increasing taxation levels for landlords but it is not going to help the tenants of Melton Mowbray – many who are just about managing at the moment.

If you are already a landlord and concerned about the effect of a potential unsettled period there are things you can do to minimise your exposure to risk.   The main things are ensuring your property is well maintained and regularly inspected.   Make sure you have a comprehensive Buildings insurance with reasonable excesses – you don’t want any nasty surprises from an escape of water for example.

It seems very unlikely, but should employment levels in Melton Mowbray ever be affected, Landlords could consider taking out a Rent Guarantee.   If a tenant becomes unable to pay then the rental income will be protected and the costly eviction process will also be covered.   I do believe here in Melton Mowbray we are well placed geographically for people to be able to find work.

If you would like to discuss anything about the Melton Mowbray Property Market please call me on 01664 569700

Wednesday, December 7, 2016

2 Bed Investment Could See Return of Over 5% - Wellington Way, Melton

These ever-popular 2 bedroom properties are situated on a quiet development on the north side of town.  They always let quickly and easily and this particular example looks to be in great condition.

On the market for sale with Newton Fallowell with an asking price of £139,950, it could give the investor a yield of around 5%.

Full details can be found here: