Although the yield is an important factor when purchasing a buy to let, I appreciate it isn’t alwaysthe most important thing for all landlords. Of course, nobody wants to invest their money into something that isn’t going to make money, however sometimes something which is low maintenance, going to attract a great quality of tenant and increase in value is more important than an extra 1% on the return.
The benefits of owning a home in The Heatons are huge. While it’s true that across the country homeowners are benefitting from steady and reliable capital growth, here the rewards are even greater. The core reason is that the area we live in is popular and just keeps getting more so.
Preparations are well underway for the brand-new arts and culture festival Heart of the Heatons! Running from Friday 5th to Sunday 14th October various cultural events will be hitting the streets of SK4.
From the spoken word, to music and theatre, artists will be exhibiting their works celebrating all things ‘art and culture’. Heart of the Heatons is platform for local talent as well as bringing more well-known artists into unique and intimate performance spaces.
Positioned opposite Heaton Chapel train station in one of the huts is the latest place to buy yourself a quality coffee. Partners Nick Harris and Richard Wright will be opening the café Monday to Friday 6am – 3pm and later in the year Saturdays 9am – 2pm. The boys are keen to promote their speciality coffee and will hold regular cupping sessions where they will offer different samples of coffee and talk about the origin, taste and qualities.
The boys will also be selling artisan sandwiches made by Kauri Fine Foods, so get yourself and to quench your thirst and fuel your appetite.
P.S. – Bespoke Coffee are already the flagship in the Heatons #kicktheplastic scheme.
Working from home is increasingly popular, with almost a third of UK employees who use computers for their job, working remotely either every day or at least once a week. Those over 45 are most likely to work from home every day or almost every day.
Remote working has the potential to alter the interior of our homes. Will there be a premium for new homes with built-in office space? Home-owners already weigh-up the costs and benefits of converting bedrooms and extending upwards or outwards to create work space.
Homes in areas with superfast broadband are already in high demand. A recent poll found that 55% of UK house buyers would reject their ideal house if speeds were below 100 Mbps, with many willing to pay a premium.
The new school year is underway for over 10 million children across England and Wales and school catchments rate highly for many choosing a home. How much more are home buyers prepared to pay to live close to an Ofsted rated outstanding school?
An analysis of property sales across England and Wales (excluding London) over the last year reveals a 10% price premium associated to homes close to an outstanding primary school and 17% price premium associated to an outstanding secondary school.
Properties located within one mile of an outstanding primary school sold for, on average, £22,686 more than properties within one mile of other schools, the price premium for secondary schools was £37,558.
Detached houses attract the largest price premium, with buyers here having to find an extra £90,000+ to live within one mile of an outstanding school.