Predictions for 2020 and a review of 2019
Hello readers, first of all may I wish you all a Merry Christmas and Prosperous New Year! It’s been a challenging year for property investors and letting agents. We were hit with several difficult pieces of legislation such as the Fitness for Human Habitation act and the Letting Fees Ban, not to mention all the […]
A development in Hempstead halts but the news is sunny across Medway
News from a controversial housing development in Hempstead is that work has been halted because of a dispute over the ownership of the land. The proposed development of the land on Gibraltar Farm is for 450 homes to be built on farmland in Ham Lane. Initial the planning permission was rejected by the council but […]
A lot of news in a little month – here’s the latest from the property world
So it’s been a little while since my last update. Unfortunately I suffered an injury a few weeks ago that has prevented me from undertaking a lot of my normal day-to-day activities. But the good news is that I’m on the road to recovery. It’s been incredibly hard to sit back and take time out, […]
EPC legislation changes affecting EVERY rental property are imminent
I’ve been really busy closing off January. Last week I spent a lot of time chatting with landlords and potential investors, giving advice on rental rates and property investment. Something that I wanted to bring to your attention once again, is the imminent changes to the minimum energy efficiency standard (MEES). I first mentioned this […]
Medway Property News review of the year
I’m spending Christmas and New Year in Cyprus this year. I spent most of my summer holidays as a teenager growing up there and so know the island well. Property prices have taken a hit badly there due to the recession and people who want to sell are really struggling. It’s a buyer’s market, so […]
What does the interest rate rise mean for the rental market?
Incase you missed it, The Bank of England raised the base rate from 0.25% to 0.5% this week. The base rate is the Bank of England’s official borrowing rate, which influences what borrowers pay and savers earn. The base rate has remained fairly static over the last decade, with 0.25% being the lowest on record. […]
INVESTORS: 10% yield on Gillingham student let
Just entering the property market today, this three-bedroom terraced property on Milner Road, Gillingham is up for auction on the 13th June and presents a perfect opportunity for a student let. You may have read the investor alert (link) about a similar property on Milner Road at the start of this month, which still remains […]
INVESTORS: 10% yield on Gillingham student HMO
Happy bank holiday to everyone!Today, I am posting to my Medway Property News blog readers about a possible Gillingham student let. It went onto the Medway property market on Friday asking for offers in excess of £210,000. http://www.rightmove.co.uk/property-for-sale/property-53982604.html It is difficult to tell how much renovation would be needed on the inside, but a lack […]
INVESTORS: 7.8% Yield on Gillingham Two-Bedroom Flat
Having only just come onto the Medway property market today, this lovely two-bedroom flat is located a stone’s throw away from Gillingham station and is priced at £120,000. This would make a great investment for a landlord looking for passive income and the potential for good capital growth. The property can be viewed here. The […]
INVESTOR ALERT: 6.6% yield on a Medway HMO conversion in Rochester
If you’ve been reading my Medway property blog, you know it’s important to maximise rental yield with good prospects for capital growth. This lovely 6 bedroom home came to my attention after I had an enquiry from an investor in London. It is on Rochester High Street and is on the market for £450,000, with […]
