Maidenhead Landlords Urged to Do Their Homework

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Many luxury, new-build apartment blocks are now marketed specifically to investors. But for landlords in Maidenhead, I would suggest that an alternative strategy is fast emerging.

In years to come it is possible that Maidenhead could have a surplus of modern, two-bedroom apartments, keeping potential yields down. My advice to investors would be to focus on the stock that no-one is building – the humble 3-4 bedroom semi-detached house, of which there is already a genuine shortage.

This summer we have seen corporate demand returning to the Home Counties and some 47% of all new tenants between April and June came from outside of the UK. Expats from North America accounted for more than half of these corporate tenants, many of whom were families in search of gardens, square footage and good schools. Bearing this target market in mind is never a bad idea in our popular corner of the commuter-belt.

I don’t claim to have a crystal ball, but I do have the tools, contacts and years of experience to know what tenants in Berkshire are looking for, what prices they are willing to pay and where they most want to live.

Don’t be one of the 25% of buy-to-let investors who risk their portfolio for the sake of a little research. If you don’t have the time to do the homework, ask us for a second opinion on any property in the area and we’ll be happy to talk to you. Call us on 01753 622686.

This blog can also be read on our website www.rentahome.co.uk

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Another Property On Millionaires Row

There are two hills in Windsor, Castle Hill, perhaps better known as Windsor Castle and St. Leonards Hill, often referred to as millionaire’s row.

However, each location has its downsides – Windsor Castle teems with visitors year round and St. Leonards Hill situated next door to Legoland has to cope with peak traffic particularly in school holidays along Winkfield road.

Not many people know that it is possible to live within Windsor Castle grounds in one of the ‘grace and favour’ homes. To do so you would have had to have connections with the castle or to have served your country. For the rest of us then consider St.Leonards Hill, a good location, a bit pricey, but would it be a good investment?

What is the potential for capital gain, what would you expect of a rental ROI?

Over the years I have seen many older houses on large plots sold off, demolished and two or more built on the plot. A developers dream. The above property is just one example. 40 years a go Freddie Star (notorious comedian) lived in the house called ‘My Way’ which just so happened to be the home of Billy Smart Jr. (circus fame). 1 2months ago it was demolished and two rather splendid houses built in its place, a definite improvement on what was an untidy plot.

We now have ‘My Way House’ pictured above for sale at £2.5 million by Aston Mead.

What are the prospects for capital gain in this area, I would say excellent. Last year a row of new build regency style town houses in Kings Road facing the Long Walk sold well at £2.0 m.

Historically property prices based on an average price of £1.5m have increased by 17% over the last 5 years.

St.Leonards Hill has a considerable diversity in the style and number of bedrooms with 4/5 bedroom properties attracting rents of £2500 pcm to £4000 pcm and some of the 6/7 bedroom properties attracting rents up to £8000 pcm to £10000 pcm.

Who would you expect to pay rents at this £2.5m property level? Well CEO’s earning not less than £250,000 pa and probably paid by the company into the bargain.

Call us if you are thinking of investing and you would like a 2nd. opinion on any property, we’ll be happy to talk to you 01753 622686. This blog can be read on our website www.rentahome.co.uk

Hospital Becomes Luxury Apartments

‘The Residence’ is a development of Luxury apartments facing Clarence Crescent, the regency terrace of fine homes in central Windsor and on the corner of Trinity Place.

The development is on the site of the former Princess Christian Nursing Home dating back to 1904 and following extensive re-development offers a collection of apartments, penthouses and a town house; now known as ‘The Residence’, Clarence Road, Windsor. SL4 3AP.

The town house is being offered at £1.7 million and is a 4 storey residence within the Clarence Wing enjoying its own private entrance and front garden. The house has direct access to parking within the secure gated courtyard. Further information and details are available from Savills.

Trinity Place, which runs along one side of ‘The Residence’, is home to a diverse collection of elegant townhouses from the regency period and many with basements now converted into flats. They command a range of prices and are much sought after.

The average asking price in Trinity Place £845,000, compared to the average for the SL4 area at £518,000. Values have increased by 6.1% over the last 12 months. The average rentable value of property in Trinity Place is £1900 pcm which gives a gross yield of 2.7% which is way below the national average for 3 bed properties at 4.7%. This is possibly distorted by the cost of the basement flats.

Nevertheless if you are a dedicated ‘townie’ who wishes to enjoy all the amenities of Windsor town centre restaurants, entertainment and shopping all within walking distance of two rail stations to London, that’s what you’re paying for.

Call us if you are thinking of investing and you would like a 2nd. opinion on any property in the area, we’ll be happy to talk to you on 01753 622686. This blog can also be read on our website www.rentahome.co.uk