Perren Property Peek of the Week

Perren Property Peek of the Week 

Just how do you find a 'Goldmine' area? 

A few days ago, one of our Landlords contacted me with a question regarding on of his other properties out of the area and in the North East. In a nutshell the property was being rented out to students and he was trying to plan his next couple of years and whether to continue renting or sell. He asked if he could achieve similar return/ yield if he sold in the North East and purchased in Dorking. 

To achieve a great yield and fabulous capital growth can be a real challenge, if not impossible. It requires a good amount of research. The property in question was bought for circa £220k and has a monthly rental of £1550 which in turn gives a good gross yield 8.4%.

My first area of research was the latest Land Registry data, which was published on the 28th October 2015. In the table below, we can see two key pieces of information regarding capital growth. The South East has grown by 8.5% capital growth in the past year as opposed to the prices in the North East which decreased by 0.3% in the same period. 

I then started to look at county level- take a look its quite interesting… 

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/470864/Sept_2015_HPI.pdf  Surrey has grown by 8.3% where as for example Durham has decreased by 1.9% .

Before investing the most important thing to consider is the balance between annual return and the annual value. However what affects those two things in Dorking and indeed anywhere else is completely varied and complex. Whether the property is owned/occupied, tenanted or social housing could have an affect on the yield and capital growth. The situation above is a great example many other investment landlords face regarding rent v capital growth. Doing such research provides you with the correct tools to make a good decision. 

If you are looking for an investment, always check the area carefully, research and try a gain some good, honest local advice.

Perren Property Peek of the Week

Friday 13^th – Unlucky for some unless you’re a property investor – look what I have found…

Wow all I can say is how quickly has this week gone. It seems like Halloween was only yesterday.  Not long now till Christmas! How about this for an early Christmas treat?

1 Bed in the centre of Leatherhead You would achieve a rental around £775pcm  that’s a yield of 6.2%. Check it out…..

http://www.rightmove.co.uk/property-for-sale/property-48929440.html?premiumA=true

Remember if you need any help or advice I would love to chat just give me a call... 07794056668 

or email charlotte@perrenproperty.co.uk  

Perren Property Peek of the Week

A Place in the Sun – what really is involved

As many of you know I have been able to advertise Perren Property at a local shop in Dorking who specialise in villa and apartment holidays. This has got me thinking as I sit in my office on this dreary wet day.

What are the important factors needed to rent out your property abroad? If you get it wrong you cant just wiz up the M25 to sort things out.

There is a lot to think about when renting out your overseas property to get the best results. You would firstly need to work out if you plan to use the property yourself. Therefore this will determine the type of let you do. You will also need to think about what sort of customer you want and work out what furnishings will be required.

Then- how are you going to attract interest? If you do this yourself what are you going to do when there is a problem and your stuck at work and cant make that phone call. Employing a specialist who can manage the whole process from advertising the property, changeover of tenants, property maintenance, to even organising a regular clean.

When you start to think about what is involved with renting your property abroad, gaining advice and using professionals really could be worth its weight in gold. 

Do you have a property abroad and want maximize your return on investment? Why not pop in and see Paul and his team at Villas Away who would be more than happy to help you. 

Even if you don’t have a property abroad but would like one the team can help.

Call them today 01306 640084 or visit their website www.villasaway.co.uk (its worth a look at their gorgeous properties they have – hmmm any one for a holiday!?)