Looking to expand your property portfolio….?

Are you a landlord in Letchworth or looking to become one?  Our sales office in Letchworth have this fantastic, modern one bedroom apartment on Bowyer Drive for £185,000.  This property is on a popular new build development and is ready for a tenant to just move in.   An ideal purchase for an investor with a potential yield of around 4.5% Click here to see the Rightmove advert and  call 01462 480077 to view it before it goes!

One bedroom Letchworth flat – ideal investment opportunity

Our Satchells sales office in Letchworth are selling this great one bedroom flat, close to the town centre, for £170,000. An ideal purchase for an investor with a potential yield of over 4.5%.  View ASAP before it goes.  For more information about the Letchworth property market and lettings pop into the office for a cup of tea and a chat or call 01462 894565.  www.satchells.com

Should the 4,067 home owning OAP’s of Letchworth be forced to downsize?

This was a question posed to me on social media a few weeks ago, after my article about our mature members of Letchworth society and the fact many retirees feel trapped in their homes. After working hard for many years and buying a home for themselves and their family, the children have subsequently flown the nest and now they are left to rattle round in a big house. Many feel trapped in their big homes (hence I dubbed these  mature members of our society, ‘Generation Trapped’).  So, should we force Letchworth OAP homeowners to downsize? Well in the original article, I suggested that as a society we should encourage, through building, tax breaks and social acceptance that it’s a good thing to downsize, but should the Government force OAP’s? Well, one of the biggest reasons OAP’s move home, is health (or lack of it). Looking at the statistics for Letchworth, of the 4,067 Homeowners who are 65 years and older,

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What will the General Election do to 8,098 Letchworth Homeowners?

In Letchworth, of the 13,990 households, 3,965 homes are owned without a mortgage and 4,133 homes are owned with a mortgage outstanding. Many homeowners have made contact me with asking what the General Election will do to the Letchworth property market?  The best way to tell the future is to look at the past. I have looked over the last five general elections and analysed in detail what happened to the property market on the lead up to and after each general election. Some very interesting information has come to light. Of the last five general elections (1997, 2001, 2005, 2010 and 2015), the two elections that weren’t certain were the last two (2010 with the coalition and 2015 with unexpected Tory majority).  I wanted to compare what happened in 1997, 2001 and 2005 when Tony Blair was guaranteed to be elected/re-elected versus the last knife edge uncertain votes of 2010 and 2015, in terms of the number of houses

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Hard Brexit could cause 1,300 properties to be dumped onto the local property market

All cards up in the air! A general election is happening but one thing is for sure, whoever gets to deal with Brexit, has a hard job on their hands (I’m just glad its not me!)  As it currently stands, by not assuring the rights of EU citizens in the UK, Theresa May has squandered an opportunity to give peace of mind to our EU co-workers working and living in Letchworth (and the rest of the UK).  No.10 Downing Street’s point of view is that in promising the rights of EU citizens in the UK, it will postpone the same guarantee to the 1.5 million UK citizens living in the other nations of the EU. Putting aside the politics for one second, the simple fact is now Article 50 has been triggered, we have two years to make a deal with the EU; otherwise it will be a ‘hard Brexit’. Now you might not think a hard Brexit will affect

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1,861,902 People use Letchworth train station a year

How does this affect the Letchworth property market? It might surprise you that it isn’t always the poshest villages around Letchworth or the swankiest Letchworth streets where properties sell and let the quickest. Quite often, it’s the ones that have the best transport links. I mean, there is a reason why one of the most popular property programmes on television is called Location, Location, Location! As an agent in Letchworth, I am frequently confronted with queries about the Letchworth property market, and most days I am asked (chiefly from new-comers) “What is the best part of Letchworth and its villages to live in these days?”.  Now the answer is different for each person – a lot depends on the demographics of their family, their age, schooling requirements and interests etc. Nonetheless, one of the principal necessities for most tenants and buyers is ease of access to transport links, including public transport – of which the railways are very important. Official figures recently released state that, in total, 2,558 people jump on a train each and every

read more 1,861,902 People use Letchworth train station a year