Author: Anna Corrigan

TENANT FEES ACT

The long-awaited Tenant Fees Act will be introduced across England on 1st June 2019. This week the government has released a guidance note for those in the industry.

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Live in the heart of the heatons <3

We are delighted to have been asked to market two brand new apartments located on Shaw Road, Heaton Moor.

The landlord has spent the last few months completely renovating both properties to create bright, spacious and contemporary rental accommodation.

Click the link below for more information:

To register your interest, please give us a call on 0161 442 1118

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Zero Application Fee

Ahead of the 1st of June when the Government introduce zero application fees for tenants you will be pleased to know any tenants looking to rent through Julian Wadden from today the 1st April 2019 you will pay no application fee!

Any there any other upfront fees?

You will only be required to pay a holding deposit and as long as you pass referencing this money can then be put towards your first month’s rent.

How much will the holding deposit be?

As little as 1 weeks rent of the property you wish to rent.

If you have any further questions about renting a property, please do not hesitate to get in touch on 0161 442 1118.

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What certificates do I need to rent my property out?

I have had a lot of landlords contact me recently for help and advice on safety certificates.

Follow the link to my video where I discuss the 4 main certificates/documents you need.

Anna 🙂

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ONE IN TWELVE LANDLORDS UNAWARE OF LEGISLATIVE CHANGES

  • One in twelve landlords is unaware of a suite of legislative changes that occurred across the lettings industry in recent years, according to the findings of the English Private Landlord Survey 2018 published in January.
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central heaton moor apartment with a 5% yield

Brought to the market yesterday was this fantastic one bedroom apartment on Laurel Road, Heaton Moor.

Offered for sale with Gascoigne Halman for £120,000 the apartment clearly needs improvement to include a new kitchen and bathroom however, due to the size of the apartment, this is likely to be relatively in-expensive.

Once refurbished, the apartment would likely achieve £595pcm. It lends itself to many different types of tenants from a single professional/couple moving for the first time, through to someone looking to downsize. Either way, its a very appealing property to a tenant.

Stamp duty at £120,000 would be approx £3,600 and the service charge is circa £80 per month.

If you would like any help or advice on this, or any other investment opportunity you have seen, please do get in touch.

Anna 🙂

0161 442 1118

annacorrigan@julianwadden.co.uk

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up for auction in heaton norris

Going under the hammer on the 13th March is this two bedroom mid-terrace in Heaton Norris.

https://www.rightmove.co.uk/property-for-sale/property-70030363.html

With resale value of circa £130,000 and a potential rental price of £700pcm this is certainly one to cast your eye over!

Anna 🙂

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money to be made on this house in heaton chapel

If you are looking for a house to buy, do up and sell, then you need to get yourself around this three bedroom semi on Waverton Avenue – and quickly!!

https://www.rightmove.co.uk/property-for-sale/property-70247755.html

New to the market with Gascoigne Halman, this house is a steal for £200,000. Clearly needing an element of cosmetic improvement, these houses also provide amazing scope to extend and create the much desired rear kitchen/living area with bi-fold doors. Perfect for sunny days like today.

Properties done to a high standard and with the extension mentioned, can fetch well over the £315,000 mark so there is some good money to be made!

If you would like any help or advice, please feel free to give me a call on 0161 442 1118 or email me at annacorrigan@julianwadden.co.uk

Anna 🙂

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a buy to let in heaton norris with a 5% yield

New to the market is this impressive yielding studio apartment, just off the A6 in Heaton Norris.

Please check out my video for a tour of the property and more information:

https://www.rightmove.co.uk/property-for-sale/property-60085041.html

Anna

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January 2018 vs January 2019

As the first month of 2019 draws to a close and with the property market a topic of much discussion across the media at the moment, I wanted to take this opportunity to review the first month of the year within our beloved SK4.

If media is to be believed, the property market is all doom and gloom with a very bleak outlook predicted. However, the reality over the last month has been somewhat different according to the latest Rightmove statistics.

In January 2018, 79 properties were brought to the rental market across SK4 of which 44 were ‘Let Agreed’. Leaving 45% of the market left wanting.

If we compare this to January 2019, far fewer properties were brought to the market – 69 in total. However of these, 52 were ‘Let Agreed’. A staggering 75% snapped up!

With many landlords quitting the buy-to-let market last year, supply has been reduced in the area at a time when demand is on the up. With Brexit looming and first time buyers potentially biding their time before they make a purchase, the demand for good quality rental stock is as high as ever.

This, in turn, is raising the rental prices in the area making it a great market for landlords and investors. Although property prices are not cheap, there are still bargains to be had and I list many of them on the ‘Investment Deals’ section of this blog.  Solid yields are important but so is having continuity and a good quality tenant – something the Heatons thrives on with it being such a family orientated area.

The government is being tough on landlords and investors however the market is pushing back and the Heatons is certainly and area where rentals are flourishing.

If you have a rental property/portfolio, or are thinking about joining the army of landlords successfully renting in SK4, please do give me a call for any help or advice.

Anna

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