Investment opportunity – Shefford town centre!

Sheridans in Shefford are marketing this two bedroom apartment for £160,000.  In a good development, right in the centre of town this property has NO UPWARD CHAIN and should achieve a rental yield of around 5%.  Give Sheridans a call before it goes.

For more information about the Shefford market and lettings give us a call on 01462 894565 or pop in for a chat.

 

Thinking of investing in Shefford….?

This riverside two bedroom apartment in The Wharf is on the market with Wilson Peacock in Biggleswade for £200,000.  With a potential yield of around 5% this is really worth considering!

Have a look at the Rightmove advert and call Wilson Peacock ASAP to view it before it goes!

What will the General Election do to 3,364 Shefford Homeowners?

168 image

In Shefford, of the 4,816 households, 1,495 homes are owned without a mortgage and 1,869 homes are owned with a mortgage. Many homeowners have made contact me with asking what the General Election will do the Shefford property market?  The best way to tell the future is to look at the past.

I have looked over the last five general elections and analysed in detail what happened to the property market on the lead up to and after each general election. Some very interesting information has come to light.

Of the last five general elections (1997, 2001, 2005, 2010 and 2015), the two elections that weren’t certain were the last two (2010 with the collation and 2015 with unexpected Tory majority). Therefore, I wanted to compare what happened in 1997, 2001 and 2005 when Tony Blair was guaranteed to be elected/re-elected versus the last knife edge uncertain votes of 2010 and 2015 … in terms of the number of houses sold and the prices achieved.

Look at the first graph below comparing the number of properties sold and the dates of the general elections:

168 Graph One.png

It is clear, looking at the number of monthly transactions (the blue line), there is a certain rhythm or seasonality to the housing market. That rhythm/seasonality has never changed since 1995 (seasonality meaning the periodic fluctuations that occur regularly based on a season – i.e. you can see how the number of properties sold dips around Christmas, rises in Spring and Summer and drops again at the end of the year).

To remove that seasonality, I have introduced the red line. The red line is a 12 month ‘moving average’ trend line which enables us to look at the ‘de-seasonalised’ housing transaction numbers, whilst the yellow arrows denote the times of the general elections. It is clear to see that after the 1997, 2001 and 2005 elections, there was significant uplift in number of households sold, whilst in 2010 and 2015, there was slight drop in house transactions (i.e. number of properties sold).

I then wanted to consider what happened to property prices. In the graph below, I have used that same 12-month average, housing transactions numbers (in red) and yellow arrows for the dates of the general elections but this time compared that to what happened to property values (pink line):

168 Graph Two

It is quite clear none of the general elections had any effect on the property values.  Also, the timescales between the calling of the election and the date itself also means that any property buyer’s indecisiveness and indecision before the election will have less of an impact on the market.

Finally, what does this mean for the landlords of the 388 private rented properties in Shefford?  As I have discussed in previous articles (and just as relevant for homeowners as well) property value growth in Shefford will be more subdued in the coming few years for reasons other than the general election. The growth of rents has taken a slight hit in the last few months as there has been a slight over supply of rental property in Shefford, making it imperative that Shefford landlords are realistic with their market rents.  However, in the long term, as the younger generation still choose to rent rather than buy the prospects, even with the changes in taxation, mean investing in buy-to-let still looks a good bet.  If you want to find out more about the Shefford property market please feel free to pop into the office, call us on 01462 894565 or e-mail us at: lettings@satchells.co.uk.

 

Modern apartment in Shefford – great rental potential!

This property has gone onto the market with Country Properties in Shefford.  Priced sensibly at £191,000, making it an ideal purchase for an investor with a potential yield pushing 5.3%.  View ASAP before it goes.  Take a look at their advert here and give them a call quick!

Property of the week – Shefford. High specification two bedroom apartment….

Front Elevation

Take a look at our latest property of the week video in which we look at a luxury two bedroom apartment in a popular “River View” development.  This apartment will appeal to investors and first/second time buyers alike and at £199,950 the potential rental yield is around 5%.    Call Satchells on 01462 813235 to view ASAP!

Investment property of the week -Shefford

A high specification one bedroom apartment which for a landlord investing is well worth considering. For more information please visit our website at www.satchells.com or contact our Shefford office on 01462 813235. Click this link to see video in YouTube: https://youtu.be/J5n2gsNHCgk

Immaculate “nearly new” three bedroom house in Shefford

Harrow Way

Our Satchells sales team in Shefford are advertising this attractive and “nearly new” three bedroom property for sale at £289,950.  This a property a tenant can literally move their furniture into – rental yield of around 4%.  Take a look at the advert here  and call our sales team on 01462 813235.

Superb top floor flat in Shefford with great rental potential!

River View1

Our Satchells sales team in Shefford have just started marketing what looks like a fantastic one bedroom top floor apartment in a sought after development.  At £175,000 and with potential rental yields of around 5% this is a must see for investors!  Call the Satchells team on 01462 813235.  Take a look at the advert here

“Nearly New” three bedroom house in Shefford

Plough Lane

Country Properties in Shefford have just started marketing this immaculate, “nearly new” three bedroom house for £295,000.  Ready for a tenant to just move in and with a rental potential of around £12,000 p.a., well worth considering!

Excellent investment opportunity – 5% yield!

St Francis Court

At £150,000 this two bedroom flat just brought to the market by Sheridan’s in Shefford seems like an ideal opportunity for a landlord investing.  These flats are very popular on the rental market as they are in a great town centre location.  We would anticipate rental income around £7,800 p.a.  Take a look at the advert here and give Sheridan’s a call!