Property Focus: Belvoir Walk

Property Focus: Belvoir Walk

This property, situated on Belvoir Walk, caught our Attention because the Street name being the same as our Business. 
The property been on the market since early May with Agents Wilson Peacock. Priced at £200,000 it offers 2 Good sized Double Bedrooms and a large 3rd single Bedroom. A Big Lounge/Diner Downstairs, together with Downstairs WC, Storage Cupboard and Porch further add to the flexibility of the Living Space. 
Outside there is a good-sized walled in Garden with Gated Access from the Rear. 
On the Downside is the Small Kitchen, not helped by the BIG Units as you walk in. Careful re-planning of the Kitchen would help alleviate this.
Its surprising that the Property has been on the Market as long, as this property does represent very Good Value not only for the Private Owner occupier, also as an Investment. A Rental Figure of £875pcm should be achievable, giving a 5.25% return on investment.

For more information click on the link below which will take you to the full details and photos

Belvoir Walk

Putnoe Property - Do you know the Facts and Figures?

Putnoe Property - Do you know the Facts and Figures?

Here at Belvoir, we can guide you to the right places. We can Help to identify property values and yields in Putnoe and other useful property related information, so you can make sure you get all the information you need about your future investments. Here are just a few property facts about Putnoe....

Looking at the MK41 postcode as a whole(of which Putnoe is a large Part). There are 529 streets, with 16656 homes, and less than a quarter of all those houses (2967 to be precise) have changed hands since 2010. 

When compared against a national average compound annual growth rate (CAGR) over the last 5 years of 12.5%, the growth in this postcode district has been 16.1%. This could well be because this is a dynamic local economy and housing market. Property price growth in this area has significantly exceeded growth in earnings and the national average house price growth and so the likelihood of it continuing will be dependent upon price earnings ratio, as well as investment by developers and local authorities in continually upgrading local infrastructure, schools, in addition to the continued strength of the local and national economies and any other economies upon which the area depends

Over the last 3 months, the average property value for this postcode district has been £178676

The most commonly found type of housing in this area are Semi- Detached Houses, making up 36.2% of the housing stock

Flats account for the lowest percentage of the housing stock in this district, at only 9.9%

The majority of property in this area is owner occupied.

Since Jan 1995 The highest Turnover Street in Putnoe was Kimbolton Road with 146 Transactions with an Average Value of £526830.
The Most Expensive Street is Cleat Hill with an Average value of £764821. The Least Expensive being The Fairway at £101254.
This shows that there is a wide spectrum of Properties in Putnoe!

Compared to the national average - MK41 has 6% more detached houses, 8% more semi detached houses and 13% less flats. This is a good indicator that Putnoe is good place to buy property in.

If you would like more useful facts and figures pop in to see us at our offices. 

How can you find a good property deal in Bedford?

I was talking to one of our landlords the other day, when he explained there were no property bargains for him to buy in Bedford. Here is what I discovered recently about finding bargains that I had discovered over the last few months.

A 4 bed detached on Pedley Way sold in 2008 for £310,000. In March 2015, it sold again for £278,000, a drop in value of 10.3%!  A Flat in the Limes, Linden Road was sold for £87,000 in March this year. It sold for £115,000 in 2006, these are excellent value properties.

Finally, one of those nice flats, opposite the hospital on Palgrave Road, sold for £156,950 in 2005. Considering property values are much of those being achieved in 2005, some lucky person picked up a bargain in March, when it sold again for £135,000.

So in answer to the question? The answer is it is all down to research and which requires time, dedication, a certain amount of determination and good old fashion Luck. And all those apply to a lot of things in life generally !

If you are looking to invest in property, whether a client of ours or not, drop by our offices if you would like any advice...

Thanks for reading this article, Please feel free to comment.

Property Focus : Brecon Way

This property Came on the Market about a week ago. Situated on Brecon Way this seems very good Value for a 5 Bed Property. 4 Decent Sized Bedrooms upstairs. A Further Bedroom downstairs at the Rear with a separate Bathroom. This would be useful for a family Member who has difficulty with Stairs. Good sized Living Areas, and the Kitchen looks reasonable. Property has plenty of Scope for changes if needed.
Heres the but though. 
Why on Market with 3 Agents? OK, I get the point of having 3 Market Appraisals, but its counter productive to the Sale. Now without knowing the circumstance of the Vendor, it comes across as desperate and that they could lack confidence in the agents they have chosen.

I will be watching this with Interest!

Here's a Link to one of the Agents

Brecon Way

Stability on Putnoe Street

A landlord I know has owned a property on Putnoe Street for the last thirteen years. She came in to our office to discuss the rise and fall of property prices on the street and how this has affected her yield over the years.

In 2009, when she purchased her first property on Putnoe Street, the average value of on the street was £177,000 which had a rise to £190,000 by 2012. This rise in value continued, with average values being £212,000 in 2013.

At the height of the property boom in this area, a house on Putnoe Street had an average value of £242,000. This soon dropped in 2009 to £177,000, with the average value increasing to around £233,000 this year.

When she told me of the rents she had achieved on the street, they seem fairly stable over the thirteen years. In 2002-2003 the average rent was £750 per month and is now between £850 and £875, for an average 3 Bed Semi. Therefore, a landlord could expect a respectable annual yield of around 4.5% on Putnoe Street at the moment.

If you would like some advice with your potential investment, please drop me an Email or pop in and see me in the office.

Property Focus: Glamis Walk

This property on Glamis Walk has been on the Market  with Connells for about 3 weeks. For a price of £180,000 this does represent a good investment on a Buy-to-Let Basis. We have Let Similar Properties nearby for £895 pcm. This represents a non-too-shabby return close to 6%. 
Alternatively, it would make a good Family home for a reasonable price. Garden and Garage. 3 Beds (2d+1s) and a Decent sized Lounge Diner.

However, there are no Pictures of the Kitchen which may suggest the need for updating. 
Unfortnuately, a Floor plan or Room Sizes have not been provided. 

For more information click on the link below which will take you to the full details and photos.

http://www.zoopla.co.uk/for-sale/details/36996195?search_identifier=a418bc8eb3c28b7f44646ed8307694b3

Hello

I was recently looking at the Sales figures for Bedford as a whole and I thought it might be useful to compare the Town as a whole when compared to Our Neighbours. So I thought a five year comparison against the 5 biggest nearby towns namely: Luton, Milton Keynes, Northampton, Letchworth, Hitchin and Stevenage

How Bedford Compared was quite a surprise.

                           Average  Average   Average                    Total No.      Total No.           Sales
                           Old          5 year      New           % inc           of                   of                 Activity
                            Price       increase   Price                            Sales          Household*
Town
Northampton      189704     23188     212892       12.22%     20008            88731             22.55%
Bedford              232635    39111     271746        16.81%    15728           63812              24.65%
Luton                  174772     23895     198667       13.67%     10541           74293              14.19%
Milton Keynes    222400    35899      258299       16.14%     17211           98584              17.46%
Hitchin                287487    58815      346302       20.46%     5114              N/A                 N/A
Stevenage           211936     36111      248047       17.04%     5778             34898              16.56%
Letchworth         250829     53262      304091       21.23%     2123              N/A                N/A


Taking the Average Increase in isolation it is clear that if you live in Hitchin or Letchworth then you have had a good time if your selling. Bedford has fared well when compared to is three bigger neighbours, out performing all three especially Luton and Northampton.
When looking at the Total Sales Figures, you'd expect the bigger Towns to have much higher Figures due to the Size difference, however the difference is not as large as anticipated. Indeed Bedford is third on the list and Runs Milton Keynes pretty close. What is clear is how much less Sales activity there is is the Herts Towns. This is probably a key driver in the Higher Average Increases. It would be interesting to analyze the effect this has had on the number of Estate Agents trading in those Towns.
Bedford's above Average performance is further confirmed when looking at Sales Activity where its sitting pretty at the top.

To summarize, it is refreshing and good to see that the Bedford House market is so buoyant and bodes well for all participants. If your Buying, there is a good choice of Stock. If your selling the demand is helping to push prices in the right Direction.


Sources: All Zoopla except *
               * Office of National Statistics Data