Over the last twenty years, there has been a shift in the way the Baldock (and the UK’s) property market works. In the 1960’s, 70’s, 80’s and 90’s, a large majority of twenty somethings saved up their 5% deposit, went without life’s luxuries of going out and holidays etc., for a couple of years…
Tag: Baldock property market
New Home Building in Baldock and North Hertfordshire over the last 10 years
Should you, as a landlord for buy to let or for personal occupation, buy a brand-new home? Well, let’s start by looking at the numbers … Over the last 10 years, 1,949 new homes have been built in the North Hertfordshire area That is a lot of bricks and mortar! Roll the clock…
Additional 329 Baldock Rented Homes Required by 2027
I have been doing some research, looking both at National and Regional reports on the demand and supply of property and people together with future projections on the economy, population and family demographics with some interesting results. According to the Office of National Statistics, in the last financial year nationally, private renting grew by 74,000…
Baldock Property Values 7.7% higher than year ago – What’s the PLAN to fix the Baldock Property Market?
It has been nearly 18 months since Sajid Javid, the Tory Government’s Housing Minister published the White Paper “Fixing the Broken UK Housing Market”, meanwhile Baldock property values continue to rise at 7.7% (year on year for the council area) and the number of new homes being constructed locally bumps along at a snail’s pace,…
50% Drop in Properties For Sale Today in Baldock Compared to 10 Years Ago
There is good news for Baldock buy to let landlords as ‘top of the range’ well-presented properties are getting really decent rents compared to a year ago however, this rise in rents is thwarting many potential first time buyers from saving for both a deposit and money for a rainy day. On top of this,…
Nearly Twelve Babies Born for Every New Home Built in the Past Five Years in North Hertfordshire
Nearly 12 babies have been born for every new home that has been built in North Hertfordshire since 2012, deepening the Baldock housing shortage. This discovery is an important foundation for my concerns about the future of the Baldock property market – when you consider the battle that todays twenty and thirty somethings face in…
Baldock Council Tax Payers Stung by 56.63% above Inflation Rise
Buying and selling a home in Baldock isn’t the easiest or cheapest thing you will ever do. Estate Agent fees, Solicitors fees, Survey fees, Mortgage fees, Removal Van … the costs just mount up throughout every step of the move. Last week, a Baldock landlord asked me whether the Council Tax Band made a difference…
Looking to invest in the Baldock property market….?
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…
Baldock’s £25,858,560 “Rentirement” Property Market Time Bomb
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…
£1,315.23pm – The Profit made by every Baldock Property Owner over the last 20 years
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…
