This seems like a good opportunity for a new landlord looking to invest in the area or for existing landlords increasing their portfolio. Country Properties in Baldock have just brought this one bedroom top floor apartment to the market with an asking price of £172,000. With a potential yield of around 4% plus, it has to be better than leaving your money in a bank account. Give Country Properties a call to take a look and secure it before someone else does. To discuss any aspect of the local property market and lettings please give me a call on 01462 894565 or pop in to see us.
Yes, I said ‘rentirement’, not retirement … rentirement and it relates to the 104 (and growing) Baldock people, who don’t own their own Baldock home but rent their home, privately from a buy to let landlord and who are currently in their 50’s and early to mid-60’s. The truth is that these Baldock people are prospectively soon to retire with little more than their state pension of £155.95 per week, probably with a small private pension of a couple of hundred pounds a month, meaning the average Baldock retiree can expect to retire on about £200 a week once they retire at 67. The average rent in Baldock is £1,036 a month, so a lot of the retirement “income” will be taken up in rent, meaning the remainder will have to be paid for out their savings or the taxpayer will have to stump up the bill (and with life expectancy currently in the mid to late 80’s, that is