Country Properties in Baldock have just brought this studio apartment to the market with an asking price of £105,000. It is located in a quiet residential street on the ever popular Clothall Common development and benefits from what appears to be well presented accommodation and off road parking outside. With an anticipated rental figure of £5,940 p.a. and suggested management / maintenance costs of £462 p.a. (these figures would need to be confirmed) this property should provide a NET yield of over 5% p.a. – a good return! Take a look at Country Properties advert here and give them a call on 01462 895061 to arrange a viewing and secure this property before someone else does.
As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional 0.25% increase that is expected in May or June. That rise will add just over £20 to the typical £160,000 tracker mortgage, although with 57.1% of all borrowers on fixed rates, it will probably go undetected by most buy-to-let landlords and homeowners. I forecast that we will not see any more interest rate rises due to the fragile nature of the British economy and the Brexit challenge. Even though mortgages will remain inexpensive, with retail price inflation outstripping salary rises, it will still very much feel like a heavy weight to some Baldock households. Now it is certain the Baldock housing market in 2017 was a little more subdued than 2016 and that will continue into 2018. Property ownership is a medium to long-term investment so looking at that long-term time frame; the average Baldock homeowner who bought their property 20 years