the heatons property blog

Autumn and Winter at The Boundary

The Boundary new Autumn and Winter menu is set to put you in a great mood no matter the weather . Full of hearty and wholesome food they’ve got dishes like the Aubergine Madras with Cauliflower Rice, a sirloin steak and their Signature Boundary Flatbread. They use plenty of seasonal ingredients to get you’re taste buds going…

As well as there new menu they’ve got lots of events coming up including our Carribean Food Takeover on 26th October and a fantastic Christmas menu! Get in touch to find out more or book at hello@theboundarybar.co.uk.

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Family Fireworks Display

The Heatons sports club on Green Lane has a family fireworks display on Sunday 5th November. Gates are to open at 4pm with the display due to start around 7pm.

Highlights include – Children’s Rides, Refreshments, Food Available and Inside / Outside Bars.

£10 family tickets available from the club in person or prices on the night £5 per adult / £2 per child. (Family ticket – 2 adults and up to 3 children under 16)

Stay safe and enjoy.

 

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common myths about the local property market

Have you ever been told about the ‘golden rules’ you should abide by to get a quick sale? Perhaps you have heard comments like, ‘catch the property season’, ‘spend money to make money’ and ‘price high and accept low’. Unfortunately, achieving the optimum sale requires you to navigate highly changeable market conditions.
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Hula Arrives in Heaton Moor

The fabulous cocktail bar Hula will be gracing Shaw Road in the next couple of weeks. Part of the MAD Ltd’s growing restaurant and bar empire, the late night party bar will take over where the ‘Time and Place’ bar once was.

This will be the third MAD venue in The Heatons, alongside Tusk and Fitzgerald. Mark Andrew the managing director said “Were really excited to open our third site in Heaton Moor and the ninth for our group. The premises is currently undergoing a stylish refurbishment programme which will see fitted neon lights, booth seating and a dance floor to party the night away.

Hula Heaton Moor will open in October, followed by an official launch party on the November 2nd.

 

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Halloween Spooky Walk

A spooky walk is planned on Friday 27th October 6pm – 8.30pm at The Heatons Sports Club, Green Lane Heaton Moor.

For Primary school age children and their families, tickets are £3 and can be bought in advance or on the night.

Hot food and drinks available at very reasonable prices.

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New rules on borrowing for portfolio buy-to-let investors

From the 30th September this year, landlords with four or more buy-to-let properties will have to satisfy different criteria to secure mortgage borrowing, as they will be considered ‘portfolio investors’ under new rules being introduced by the Prudential Regulation Authority.

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i am on the hunt for a buy to let. should i buy an apartment or a house?

This is a question I get asked on a regular basis and unfortunately there is no right answer. It is down to personal preference and what you are wanting to achieve from your investment.

Despite the stigma, apartments do make fabulous buy to lets for a number of reasons:

  • They are generally cheaper to buy than houses and some can offer very similar rental prices
  • They are lower maintenance as there will be a management company to look after the building and the communal area – no sudden need for a new roof!
  • Apartments are popular with young professional tenants who will pay a premium for low maintenance accommodation, close to train/tram/motorway network

However you need to be aware that most/all apartments come with a monthly service charge and an annual ground rent which can eat into your profits. These are not items which can be charged to the tenants or added to the rent so you must take these into account.

Houses are always popular with families with children who are looking to settle in a home in the catchment area for their desired school. The addition of a garden also really helps.

With this in mind, tenants renting houses will generally stay in the property for longer, instead of moving each 6/12 months meaning less costly void periods.

You will also generally find that houses will increase in value quicker, and more dramatically than apartments and its larger plot also gives you the opportunity to extend/renovate.

The most important things to look for in a buy to let aren’t whether it is an apartment or house, it is its location, type of tenant likely to be attracted and yield. If all of these seem positive, the style of property doesn’t really matter.

If you would like any advice on your hunt for a buy to let, or have a questions for Octobers ‘Ask Anna’ then please feel free to get in touch either by phone 0161 442 1118, email annacorrigan@julianwadden.co.uk or by visiting me at the office on Moorside Road.

Anna

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