#PROPERTYOFTHEDAY #80: 4-bedroom detached house – Didsbury, Manchester

On www.propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal.

 

Today we are highlighting Belvoir Letting in Manchester and their lovely 4-bedroom house property which is currently available for rent for £1,750.

 

Insight on the Property:

 

An absolutely stunning executive style four bed detached house set in a prestigious part of Didsbury. The house is located just a short walk from the very popular Didsbury Village and all the amenities it has to offer whilst providing easy access to public transport and motorway links.

This double fronted house comprises of a large entrance hall with feature staircase and leads into two very good sized reception rooms, fully fitted kitchen with appliances, large conservatory and downstairs WC. To the first floor there are four spacious bedrooms one with stunning en-suite and spacious family bathroom. Externally there are front are rear gardens and plenty of on street parking.

The property is unfurnished and is available now. Viewings are highly recommended.

 

For more information on this property and the agents, check out the properties listing on their site: https://bit.ly/2q83jsI

 

 

#PROPERTYOFTHEDAY #79: 6-bedroom – Worsley, Manchester

On www.propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal.

Today we are highlighting Owen Knox Estates in Manchester and their lovely 6-bedroom house property which is currently available for rent for £2,000.

Insight on the Property:

The property is available to let from 12th January 2015 and is offered on an unfurnished basis. This flexible individually designed 6 bedroom detached house offers excellent open plan and spacious family living accommodation. ‘The Berries’ is of a unique design set over 3 floors and is situated in a tucked away position in a sought after Village location. The second lounge offers superb views with the advantage of bi-folding doors which open out completely onto the neatly presented decked area and well tendered gardens. The master bedroom has ensuite wet and dressing rooms and French doors which open out onto the main gardens. The property is ideally placed for commuting. The deceptively spacious accommodation briefly comprises of a reception hall, a fitted kitchen/breakfast room, utility area, a second lounge, bedroom two with an ensuite bathroom and an open plan family living/dining area which are situated on the first floor of ‘The Berries’. On the second floor of the house you will find two bedrooms and a guest WC. A master bedroom with an ensuite wet room, two further bedrooms one of which is being utilised as a gymnasium and the main family bathroom are located on the ground floor of the property. There is access through to the garage from the ground floor of the house. A driveway provides off road parking and leads to an integral garage with an electric remote control operated up and over door. There are delightful landscaped gardens to the side elevation of the house. The property benefits from central heating and double glazing. EPC Rating: D.

Details
PROPERTY DESCRIPTION

The property is available to let from 12th January 2015 and is offered on an unfurnished basis. This flexible individually designed 6 bedroom detached house offers excellent open plan and spacious family living accommodation. ‘The Berries’ is of a unique design set over 3 floors and is situated in a tucked away position in a sought after Village location. The second lounge offers superb views with the advantage of bi-folding doors which open out completely onto the neatly presented decked area and well tendered gardens. The master bedroom has ensuite wet and dressing rooms and French doors which open out onto the main gardens. The property is ideally placed for commuting. The deceptively spacious accommodation briefly comprises of a reception hall, a fitted kitchen/breakfast room, utility area, a second lounge, bedroom two with an ensuite bathroom and an open plan family living/dining area which are situated on the first floor of ‘The Berries’. On the second floor of the house you will find two bedrooms and a guest WC. A master bedroom with an ensuite wet room, two further bedrooms one of which is being utilised as a gymnasium and the main family bathroom are located on the ground floor of the property. There is access through to the garage from the ground floor of the house. A driveway provides off road parking and leads to an integral garage with an electric remote control operated up and over door. There are delightful landscaped gardens to the side elevation of the house. The property benefits from central heating and double glazing.

UTILITY AREA: 7′ 8 x 6′ 6 (2.34m x 1.98m) KITCHEN/BREAKFAST ROOM: 15′ 2 x 12′ 9 (4.62m x 3.89m) SECOND LOUNGE: 15′ x 13′ 1 (4.57m x 3.99m) BEDROOM 2: 13′ 2 x 11′ 2 (plus area of ensuite)(4.01m x 3.40m) FAMILY LIVING AREA: 15′ 6 x 13′ (4.72m x 3.96m) DINING AREA: 14′ 9 x 13′ 3 (4.50m x 4.04m) BEDROOM 5: 12′ 4 x 11′ 3 (3.76m x 3.43m) BEDROOM 6: 21′ 3 x 6′ 3 (6.48m x 1.91m) MASTER BEDROOM: 15′ 6 x 12′ 6 (plus area of ensuite)(4.72m x 3.81m) BEDROOM 3/GYMNASIUM: 15′ 6 x 11′ 9 (4.72m x 3.58m) BEDROOM 4: 11′ 2 x 7′ 4 (3.40m x 2.24m)

DIRECTIONS: From our Worsley office take a turning on your left hand side and proceed along for approximately half a mile. After passing The Bridgewater Private School on your left hand side take the second turning on your right hand side into Hollyhurst. The property can be found on your right hand side.

POST CODE: M28 2WG

EPC Rating: D

VIEWING ARRANGEMENTS – Strictly by appointment.

If you would like to proceed with one of our rental properties, all tenants and anyone over the age of 18 living at the property will need to go through the referencing process. There will be an additional fee of £100.00 for every reference processed including guarantors.

WARNING
These details are believed to be accurate. However, Owen Knox Estates and their clients cannot be held liable for inaccuracies or omissions. Potential tenants should satisfy themselves by personal inspection.

 

For more information on this property and the agents, check out the properties listing on their site: https://bit.ly/2HeAKS5

#PROPERTYOFTHEDAY #78: 8-bedroom apartment – Chorlton, Manchester

On www.propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal.

Today we are highlighting Belvoir lettings in Manchester and their lovely 8-bedroom house property which is currently available for rent for £2,600.

Insight on the Property:

A large, newly refurbished 8 bedroom house spread over three floors set in a unique development that combines a rural setting in the middle of the city. Located in Chorlton-cum-Hardy the residence is located in a popular district renowned for the variety of its amenities and open and green spaces.

Each house has its own open plan kitchen with communal dining space, separate lounge space with sofas and 32 inch flat screen television, bathroom with shower as well as 2 shower rooms and 3 separate WC`s are also provided in each house. All 8 bedrooms are furnished with bed, built in wardrobe and desk.

A dedicated recreation area, onsite laundry room with full washing and drying facilities as well as a cycle scheme are part of the facilities offered at Hardy Farm. Secure parking is also available on-site if required.

Hardy Farm is well served by frequent and swift bus services and newly opened Metrolink with the residence approximately 3 miles from Manchester City Centre and both Manchester University and MMU.

The house is available now and includes all bills (including free internet).

 

For more information on this property and the agents, check out the properties listing on their site: https://bit.ly/2IuGk1I

#PROPERTYOFTHEDAY #77: 3-bedroom apartment – Century Buildings, St Mary`s Parsonage, Manchester

On www.propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal.

Today we are highlighting Manchester City Sales & Lettings in Manchester and their lovely 3-bedroom apartment property which is currently available for rent for £2,950.

Insight on the Property:

An impressive three bedroom penthouse in the much sought after Century Buildings. Situated between the River Irwell and St Mary`s Parsonage, just a few seconds from Deansgate and close to House of Fraser and all of Manchester`s wonderful shops, bars and eateries.

The penthouse is perched overlooking the river in this beautiful converted building. The apartment is a duplex with a large balcony over the river. The living area is large and bright, with fresh white walls and bamboo flooring. The kitchen is black tiled throughout with dark fitted cupboards and dark worktops. There are three good sized bedrooms, one dressing room and two bathrooms.

The building benefits from 24hr Concierge and secure underground parking.

Notice
All photographs are provided for guidance only.

 

For more information on this property and the agents, check out the properties listing on their site: https://bit.ly/2Jim30G

#PROPERTYOFTHEDAY #76: 3-bedroom apartment –Deansgate, Manchester

On www.propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal.

Today we are highlighting Manchester City Sales & Lettings in Manchester and their lovely 3-bedroom apartment property which is currently available for rent for £5,500.

Insight on the Property:

A stunning triplex penthouse apartment in the most prestigious address Manchester has to offer. Perched on Deansgate offering wonderful views of the City this apartment is breathtaking. Offering three bedrooms, three bathrooms and two secure parking spaces.

As you enter the apartment on Level 1, you are greeted by a beautifully maintained and presented apartment. Level 1 consists of Storage cupboards and cloakroom. Through to the Master bedroom. A large bright room, with louvered blinds, access to the internal buffer zone, air conditioning and a luxurious en suite bathroom. The master en suite has a large stand alone bath, perfect for relaxing in. There is a freestanding shower and His and Hers twin sinks.
Level 1 also holds the second bedroom, this to, beautifully presented. And a guest bathroom.

Up the stairs to Level 2, you can find the impressive kitchen which has slate tiled flooring, high gloss fitted cupboards nestled underneath black Granite worktops a breakfast bar to the island. The kitchen is fitted with state of the art Gaggenau appliances. A true haven for any cooking enthusiast.
Level 2 also houses an impressive dining room, with views of the City. There is a WC/showeroom on Level 2.

Level 3 is a magnificent living area. With double heighted apex ceiling, views out onto the internal buffer zone and a private decked terrace which overlooks Manchester.

The apartment has air conditioning throughout, weather sensitive external louvre windows and has two secure underground parking spaces. The building is serviced by a 24hr Concierge.

Notice
All photographs are provided for guidance only.

 

For more information on this property and the agents, check out the properties listing on their site: https://bit.ly/2GBiqRE

 

#PROPERTYOFTHEDAY #75: 4-bedroom apartment – Beetham Tower, Deansgate , Manchester

On www.propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal.

Today we are highlighting Manchester City Sales & Lettings in Manchester and their lovely 4-bedroom apartment property which is currently available for rent for £15,000.

Insight on the Property:

A stunning triplex penthouse in the sought after Beetham Tower. This unique apartment spans three floors of nearly 5000sq ft of pure luxury. From opening the door to the apartment named `The Orchid Suite` you are met with rich dark woods, crisp clean travertine floors and sumptuous furnishings, your first encounter is the curved reception hall, with an exceptional chandelier hanging through the spiral staircase. The living area is large and open plan, the views of the City from this height really are exceptional! The fully fitted kitchen has been built with family and friends in mind, with a relaxed breakfast bar, a curved booth style dining table with plenty of room, even a matching child size version of the dining table for the little ones. This middle floor also benefits from a utility room, cloakroom and W.C.

The upper floor provides the bedrooms to the apartment, the master suite is effortlessly stylish it`s ensuite is clean and crisp, white throughout with his and hers sinks, a deep bath tub, W.C and a very impressive walk in shower, in addition there is a large dressing room included as part of the suite. The second and third bedrooms are both great in size.

Down to the lower floor, there is a large studio area, gym, study and dressing room fitted with wardrobes throughout. Each floor of this apartment benefits from an enclosed balcony to enjoy the sights of the City. The apartment benefits from intelligent lighting and audio systems throughout. There are five, yes five parking spaces with the apartment. The most impressive apartment in the City? You decide.

Notice
All photographs are provided for guidance only.

 

For more information on this property and the agents, check out the properties listing on their site: https://bit.ly/2EjUvo6

 

#PROPERTYOFTHEDAY #74: 3-bedroom penthouse – Leftbank, Manchester

On www.propertypropertyproperty.co.uk/blog we are introducing the #PropertyofTheDay segment, which will highlight properties across the UK that are currently available for sale or rent on the portal.

Today we are highlighting Manchester City Sales & Lettings in Manchester and their lovely 3-bedroom penthouse property which is currently available for rent for £7,000.

Insight on the Property:

A Stunning three bedroom apartment in the city, it has everything that you would expect of a city centre pad. Superb location, 24 concierge, roof terrace, three bedrooms all with en-suite, separate luxury bathroom, designer black glass finish kitchen with twin ovens, cafetiere, wine cooler, palatial reception room and ornate fireplace and balcony with water views. Every conceivable extra has been included with this apartment and comes with two secure underground parking spaces. Furnished.
Entrance Hallway

Vast entrance hallway with wood flooring. Vertical radiator. Two storage cupboards. Door to bathroom, kitchen, bedroom three and to second hallway.

Bathroom 3m x 2.5m

Four piece white bathroom suite with double walk in shower, freestanding oval bath, low level wc and semi pedestal basin. Large vanity mirror, heated towel rail and ceramic floor tiles.

Kitchen 6.4m x 6.7m

Stunning black high gloss kitchen with black glass work surfaces over. Range of fitted units with island providing additional storage. Integrated fridge and freezer, dishwasher and twin ovens and separate microwave/grill. Built in espresso maker. Neff ceramic hob and stainless steel extractor hood over. Wine cooler. Wooden flooring throughout. Feature wallpaper, double glazed sliding door opening to Juliet balcony, additional double glazed window. Storage cupboard. Double doors to Living room.

Living Room 9m x 6.7m

Spacious living room on a corner aspect with wooden flooring. Floor to ceiling double glazed windows and sliding door leading to balcony. Television, telephone and satellite connection points. Built in Bar Area. Feature fireplace with surround and built in flatscreen TV. Door to second hallway

Second Hallway

Walnut flooring, doors to both bedrooms. Vertical radiator. Door to roof terrace.

Master Bedroom

Wooden flooring, doors to both bedrooms. Vertical radiator. Door to roof terrace.

Ensuite

Modern white three piece suite with double walk in shower, semi pedestal basin and low level wc. Double glazed window. Heated towel rail, large vanity mirror and ceramic floor tiles. Separate 4 seater Sauna

Bedroom Two 5.9m x 5m

Corner aspect bedroom with fitted carpet, raised seating area with views over the river. Walk in wardrobe which also houses the one of the heating systems. Door to terrace. Vertical radiator.

Ensuite 3.2m x 1.8m

Modern white three piece suite with double walk in shower, semi pedestal basin and low level wc. Double glazed window. Heated towel rail, large vanity mirror and ceramic floor tiles.

Bedroom Three 3.74m x 5m

Excellent size double bedroom with fitted carpet, floor to ceiling double glazed window and door leading to roof terrace. Integrated wardrobes, vertical radiator. Television and telephone connection points.

Ensuite

Modern white three piece suite with double walk in shower, semi pedestal basin and low level wc. Tiled floor, heated towel rail.

Private Terrace

Decked roof terrace with river views. Perfect for entertaining in the summer months.

Additional Information

This apartment comes with two secure allocated parking spaces.

Notice
All photographs are provided for guidance only.

For more information on this property and the agents, check out the properties listing on their site: https://bit.ly/2H9gvF8

 

9 REASONS HOMEOWNERS ARE FORCED TO SELL THEIR HOUSE QUICKLY

There are times in a homeowner’s life when circumstances call for a quick house sale. Unfortunately, the property market rarely takes into account an individual’s situation. Selling property in the UK is notoriously unpredictable; and if time is of the essence, the process can be downright stressful.

But what kinds of situation would prompt a homeowner to put themselves through such a torrid experience? And why might an owner be willing to sell at a slightly reduced price? We’ve examined what is happening in the UK housing market right now, and we’ve discovered nine clear reasons why some people need to sell a property fast.

1. Problem Tenants

Whether you’re a buy-to-let landlord or someone who simply inherited a property, problem tenants can be the cause of untold stress and worry. Bad behaviour, poor hygiene standards or non-payment of rent are all issues that might eventually result in eviction – but the legal process involved can be long and laborious. If you simply want to get rid of the problem, selling the house quickly is a possible solution, although you’d need to be upfront about the issue with prospective buyers.

2. Retirement

Once a person decides to retire, there’s very little to be gained from waiting around. Often, retirees want to move somewhere warmer or more picturesque, and they don’t want to waste time negotiating an unpredictable property market. Selling their property quickly means a retiree can get on with the business of enjoying a life of leisure as soon as possible.

3. Downsizing

Downsizing involves the sale of a family home after the children have all flown the nest. A large property that once housed five or six people can become a very lonely, empty place when one or two people are left in it. A lot of retirees downsize to something smaller — and use the extra cash to pursue interests or to purchase property in a more expensive area.

4. Relocation for Employment

If a job offer is predicated on relocation to a completely different region of the country, a fast house sale is absolutely vital. In extreme cases, jobs have been lost because homeowners haven’t been able to find a house buyer in time. The faster you can sell your home, the faster you can relocate and take up that job you’ve been offered. But there’s also the matter of freeing up cash to consider. If you’re moving far away, you’ll need the proceeds of a house sale to buy a new property as quickly as possible.

5. Inheritance

The loss of a loved one is always a sad and stressful time, and people usually want to move on and continue the grieving process without having to deal with the various legal issues. If you have inherited property as a result of your loss, you have the added burden of dealing with it — which can be exacerbated if you’re sharing with other beneficiaries. Selling a house quickly in these circumstances can stop arguments and let everyone involved move on.

6. The Breakdown of a Relationship

When a relationship breaks down, sorting through the legal issues — including home ownership — simply adds to the distress. It is only natural that both parties want to get things settled and move on with their life as quickly as possible, but delays on the property market can keep people locked together for longer than necessary. Selling a house quickly eases the pressure and ensures divorce or legal separation can conclude as amicably as possible.

7. Sudden Job Loss

There are many consequences associated with the sudden loss of a job, and missed mortgage payments is one of the most serious. There’s also the issue of living expenses to consider, which might be way above what your new income can cover. Selling a house quickly can help you to cover bills and living expenses until you’re back on your feet. You may also be able to downsize your home to something more affordable.

8. Prohibitive Renovation and Repair Costs

Whether you’ve bought a fixer-upper or your home has gradually fallen into a state of disrepair, the costs of putting things right can be prohibitive. Whether you simply don’t have the cash or you can’t be bothered with the hassle, securing a fast house sale hands the problem (and the expense) to someone else. You can then use the proceeds of the sale to buy a home that is ready to move into.

9. Repossession

Once that initial letter from a mortgage lender lands on the doormat, the homeowner is in a race against time. If a suitable repayment agreement can’t be agreed, repossession proceedings in the courts can begin quickly. And if the property is repossessed, the owners not only faces a bill for any shortfall, they face the prospect of a severely damaged credit rating. But selling the property quickly can stop the repossession process in its tracks — as long as the sale price covers the outstanding loan.

If you need to sell a house fast, there are alternatives to the open property market. Selling to a house buying company cuts out the marketing and viewing stages of the process — saving time and money.

SAVE MONEY ON YOUR LET PROPERTY INSURANCE

If you are a landlord, you probably spend a significant amount of your time trying to manage your costs downwards.

You may have opportunities to do so with your let property insurance as well.

Here are a few ideas that may help.  Do please remember that these are ideas in principle only.  They may not be specifically applicable to your current letting situation or your existing let property insurance.

You may wish to consider:

  • making sure you are using a specialist provider of landlord insurance. Some generalist providers may not have the experience and expertise in this sector that is required to produce specifically crafted policies that match your unique circumstances and at a cost-effective price;
  • ask your policy provider if they offer options to voluntarily increase the excess. That is the sum of money you will be obliged to pay towards the cost of any successful future claims.  In some cases, you may have the option to agree a higher excess amount and thereby see a lower premium in return;
  • look carefully at your existing let property insurance policy to see whether or not you are paying extra because of the tenant categories you let to. This can be a complex area.  Some policies may exclude entirely, certain categories of tenant such as asylum seekers, housing benefit recipients and students.  Others may cover them but only at the cost of a significantly increased premium.  Yet other policies might offer “any tenant” cover included as standard;
  • carefully review the cover levels you have specified for your contents. Though perhaps not common, it is far from unknown for some landlords to significantly over-estimate the total value of their possessions.  That might mean you are paying more to cover them than is justified;
  • in situations where your property is a mixed residential–commercial one, be certain that you have appropriate insurance in place. If your tenants are living in a flat above a shop and they are using the shop as an active going concern, you may need specific cover.  If the shop component is abandoned or simply not being used and your tenants are purely domestic, living in the flat above, you may need a different type of cover.  If you are paying for the most expensive financial and commercial cover but not using it, you may save money by changing;
  • try to avoid making relatively minor claims on your policy. This, of course, needs to be a medium-term strategy and won’t save you money overnight but keep in mind that your no-claims discount is likely to be worth a significant sum of money to you.  If that sum is higher than the value of a small claim, it might be sensible to pay the claim out of your own pocket and retain your no-claims discount.

Finally, remember to use your let property insurance provider. Ask them for other ideas about ways in which you might be able to reduce your premium!

5 Principles of Property Investing

Following on from our previous article, these are another 5 principles of property investing

 

11. Invest in what you know – the right type of property

  • Buying Overseas, off plan & out of area – this is probably the biggest one that often hurts new investors. We learned this the hard way in our earlier investing days when I bought my flat in Bulgaria which only rented out for 2 weeks per year!

12. Buying on Emotion

  • How we, and many hundreds of thousands starting out, got suckered right in by those big, colourful, lifestyle brochures, new build and dreamy holiday homes. No. Not anymore. This, as we learned the hard way, is vanity. It’s emotional buying. Perhaps you can relate?
  • You see, talk like the above can get you in financial trouble quickly. We know, it’s easy to get carried away.
  • Yes, you will miss a few ‘deals’ on the way up, the more detached you are which is fine. But the more you stick to your buying rules and the fundamentals, the better cashflowing investor you will be. And if you can’t get the deal, at the price you want, then move on. There will be other deals. It’s a skill to think with logic…not your emotions

13. Match your target rental audience

  • It is crucial to remember that an ideal BTL property is not necessarily the same as your own idea of an ideal home – rather, an ideal BTL investment is one which matches your target rental audience – students, professionals, families, tenants on benefits, friends/family

14. Estimating Gross and net yields

  • And to stress test future spikes in interest rate rise
  • If the property does not pay you monthly to own it you are taking on a liability. You will need a day job to support the property in that case. If the property does pay you each month (after all operating expenses plus debt service then you can afford to own the property for a very long time. (In this sort of situation you are buying an income stream and not speculating on future appreciation.)
  • To make the cash flow work you might need to raise the amount of equity you put in.
  • Almost any rule of thumb, ratio or other measure lives in a context. Just because a lender asks for 125% -145% mortgage at 5.5% cover does not mean that is the right number for an investor to use. You need to understand the underlying details and you have to be prepared to change the indicators as the ground shifts. Just be careful about lowering standards to chase business rather than sit on the sidelines.

15. Leverage

  • If you have minimal capital of your own to invest, then leverage can help you (subject to status and availability). Leverage means using other people’s money to finance a significant percentage of your property investment.
  • Today, a typical deposit using leverage would be 20% to 30% of the property’s price. Stick to sensible loan to value ratios (50% to 70%) & do not over to under utilise leverage
  • Leverage is an excellent way for new property investors with limited capital and experienced investors who wish to expand their portfolios at a minimal cost