Take a look at our latest property of the week video – Country Properties are selling a two bedroom apartment with Juliet balcony in prime high street development for £199,950. With a potential rental yield of around 5% this is one we feel landlords should look at. Click here for Country Properties advert and call them quick – this won’t hang around long!
2017 has started with some positive interest in the Baldock property market. Taking a snap shot of the Baldock property market for the first quarter of 2017, the picture suggests some interesting trends when it comes to the number of properties available to buy, their asking prices and what prices properties are actually selling for. Let us first consider the number of properties for sale, compared to 12 months ago: So when we add in building plots and other types of properties that don’t fit into the four main categories, that means there are 58 properties for sale today compared with 45 a year ago, a rise of 29%. Baldock asking prices, compared to a year ago, are 7% higher. With that in mind, I wanted to look at what property was actually selling for in Baldock. Taking my information from the Land Registry, the last available six months property transactions for SG7 show an interesting picture (note the Land
If I were a buy to let landlord in Baldock today, I might feel a little bruised by the assault made on my wallet after being (and continuing to be) ransacked over the last 12 months by HM Treasury’s tax changes on buy to let. To add insult to injury, Brexit has caused a tempering of the Baldock property market with property prices not increasing by the levels we have seen in the last few years. I think we might even see a very slight drop in property prices this year and, if Baldock property prices do drop, the downside to that is that first time buyers could be attracted back into the Baldock property market; meaning less demand for renting (meaning rents will go down). Yet, before we all run for the hills, all these things could be serendipitous to every Baldock landlord, almost a blessing in disguise. Baldock has a population of 13,085, so when I looked at
Starting with the bigger picture, over the last 12 months in the UK, 1,061,557 properties were sold with a total value of £223.74 bn. To give that some context, ten years ago 1,581,727 properties sold with a total value of £405.56bn, so it can be seen the number of people moving house has dropped by over a third over the last decade. Whether you are a landlord, homeowner or tenant, it’s always important to keep an eye on the Baldock property market, not just from your point of view, but also from every player’s point of view. Over the last 12 months, 235 properties have sold (and completed) in Baldock, worth £81.3m. Interestingly the number of properties changing hands in Baldock has also dropped when compared to a decade ago. It might surprise you that first time buyers in 2017 will benefit from a slight decline in Baldock buy-to-let investors. Those looking to buy a home in the spring and