The conventional way of categorising property in Britain is to look at the number of bedrooms rather than its size
I have been doing some research, looking both at National and Regional reports on the demand and supply of property
I am of the opinion that buy to let investment in Baldock, in the long-term, will bring substantial returns for
There is good news for Baldock buy to let landlords as ‘top of the range’ well-presented properties are getting really
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.
Talk to many Baldock 20 something’s, where home ownership has looked but a vague dream, many of them have been vexatious towards the Baby Boomer generation and their pushover ‘easy go lucky’ walk through life; jealous of their free university education with grants, their eye watering property windfalls, their golden final salary pensions and their free bus passes. If you had bought a property in Baldock for say £22,000 in first quarter of 1977, today it would be worth £418,330, a windfall increase of 1801.5%. To blame the 60 and 70 year olds of Baldock for that sort of rise seems a little unfair, with the value of the homes rising like rocket, I do not believe they can be censured or made liable for that. A few weeks ago, I discussed in my blog the number of people in the Baldock area who have two or more spare bedrooms (meaning they are under-occupying the house). I see many
In a popular residential location with off road parking, this property is being marketed by Country Properties in Baldock and is offered for £120,000. With an anticipated rental income of around £495 pcm (Yield of 4.9%) and annual maintenance charges of only £600 this is a property for investors to consider. We have recently let a similar property for £495pcm. Take a look at Country Properties advert here and give them a call ASAP before its sold!
The mind-set and tactics you employ to buy your first Baldock buy to let property needs to be different to the tactics and methodology of buying a home for yourself to live in. The main difference is when purchasing your own property, you may well pay a little more to get the home you (and your family) want, and are less likely to compromise. When buying for your own use, it is only human nature you will want the best, so that quite often it is at the top end of your budget (because as my parents always used to tell me – you get what you pay for in this world!). Yet with a buy to let property, if your goal is a higher rental return – a higher price doesn’t always equate to higher monthly returns – in fact quite the opposite. Inexpensive Baldock properties can bring in bigger monthly returns. Most landlords use the phrase ‘yield’
Available for sale through Country Propeties in Baldock at £165,000, this property seems like an ideal investment opportunity! Less than half a mile from the mainline station to London and in a quiet development with allocated off road parking. Anticipated annual yield of 4.7%. Take a look at the advert here and call Country Properties to view ASAP!
In November 2015, George Osborne disclosed plans to restrain the buy-to-let (BTL) market, implying its growing attractiveness was leaving aspiring first time buyers contesting with landlords for the restricted number of properties on the market. One of things he brought in was that tax relief on BTL mortgages would be capped, starting in April 2017. Before April 2017, a private landlord could claim tax relief from their interest on their BTL mortgage at the rate they paid income tax – (i.e. 20% basic / 40% higher rate and 45% additional rate). So, for example, let’s say we have a Baldock landlord, a high rate tax payer who has a BTL investment where the rent is £900 a month and the mortgage is £600 per month. In the tax year just gone (2016/17), assuming no other costs or allowable items, the figures are below: Annual rental income £10,800. Taxable rental income would be £3,600 after tax relief from mortgage relief This