Why Landlords Should Invest in Beaconsfield
Over the past 12 months, property prices have increased by 9.45% in Beaconsfield. Some say that this is in part due to the easing of lock-down and the stamp-duty holiday, whilst others say that Ricky Gervais and the fabulous cast of the Netflix drama “After Life” being seen around Beaconsfield for filming (remember the churchyard scene which was filmed at St Marys and All Saints Church), has brought a celebrity culture to the area! Whatever the reason, property owners in our lovely part of England are delighted to see such an encouraging rise in equity. So, whilst our average Beaconsfield property will sell for £1,144,000 that is not likely to be the best rental investment for the savvy property investor.
We would suggest a 1 or 2 bedroom apartment or 2 bedroom house:
For a 1 bedroom flat you would expect to pay an average price of £346,000 and this would rent for an average of £1160pcm (£13,920pa) giving a fair yield of 4%.
Take a look at this investment opportunity in Post Office Lane, Beaconsfield. It is likely to be snapped up quickly as the tenant was placed by us last November on a 24 month tenancy at £1,000pcm, so you have a ready made 4% gross yield and NO HASSLE or cost involved with finding a tenant!
Investment buyers are encouraged to look at our sales listings which have some very promising investment properties. If you are considering investing or have a property to rent please speak to our experienced lettings department. We also have a useful instant online valuation tool to help you understand rental prices in this area, visit www.ashingtonpage.co.uk for details on all our sales properties for investors and the link to our online tool here.
If you are new to renting in the Beaconsfield area, our tenant applicants cover a multitude of reasons for renting, from families renovating their own homes and needing short term lets to single professionals wishing to rent long term. We have an incredibly low rate of tenancy issues and hardly any rental arrears, basically the risk from renting in Beaconsfield is pretty low indeed.
Our sales and lettings team work hand in hand and if you purchase your investment property through our sales team, we will wherever possible, try to arrange for a tenancy to commence as quickly as possible after the sale completes, to minimise your void period and maximise your return.
Please get in touch with Claire Woodrow, our lettings manager, for any further information: ClaireW@ashingtonpage.co.uk