This fascinating question was posed by the 11-year-old son of one of my Letchworth landlords when they both popped into my offices before the Christmas break (doesn’t that seem an age away now!). I thought to myself, that over the Christmas break, I would sit down and calculate what the total value of all the properties in Letchworth are worth … and just for fun, work out how much they have gone up in value since his son was born back in the autumn of 2005. In the last 11 years, since the autumn of 2005, the total value of Letchworth property has increased by 51% or £1.73 billion to a total of £5.11 billion. Interesting, when you consider the FTSE100 has only risen by 30.78% and inflation (i.e. the UK Retail Price Index) rose by 37% during the same 11 years. When I delved deeper into the numbers, the average price currently being paid by Letchworth households stands at
This three bedroom house on the popular Grange Estate in Letchworth is offered for sale by Acorn Estate Agents in Hitchin. At £265,000, with family size accommodation, and a rental yield of around 4.5% it won’t take long to sell! Contact Acorn Estate Agents and take a look at their advert here
It’s that time of the week where we share our view of a good investment opportunity in Letchworth. On the market with our sales team at Satchells in Letchworth at £325,000……take a look at our video here and visit our website here for more information.
This one bedroom apartment came onto the market on Tuesday with Connells in Letchworth. I don’t think it will hang around for long. You can buy it for £165,000, expect a rent of around £695pcm, and a great yield of 5%. Please click here to see Connells advert
This great looking one bedroom apartment was brought to the market on Friday by Country Properties in Letchworth. With a potential rental yield of around 4.6% p.a. this is a flat any landlord considering the local market should see. Call Country Properties ASAP or take a look at their advert – this won’t be on the market long!
Vincent Giddings in Stevenage are selling this great one bedroom apartment in Letchworth for £120,000. With a rental yield of at least 5% this has got to be worth consideration. View Vincent Giddings advert here
Good afternoon. There’s a lot of focus on the Lettings industry at the moment and the article below, I thought was quite an interesting read: A new survey suggests that a letting agent saves a landlord an estimated £1,910 a year. The result of an investigation into 500 landlords by insurance firm Endsleigh suggests that there are widespread misconceptions among landlords about the value for money offered by letting agents. Of those landlords suggesting that they could save money by not using agents, the average sum ‘saved’ on fees was £159 per month. However, comparative analysis of the rental income and void periods for those landlords with, and those without, agents suggested that in fact agents saved their clients an average of almost £2,000 each. Most of the savings for landlords are created by agents minimising void periods when compared to landlords who go it alone marketing their property. Some 76 per cent of respondents to the survey reported that their agent helped them
Welcome to the New Year – our sales team at Satchells in Letchworth have just began marketing this two bedroom property in a popular part of town. A great opportunity for an investor – for sale at £220,000 and a potential rental income of around £10,200 per annum! Have a look……