9% Yield on Nancy St in Darwen? Is it as good as it seems? Paul Ainsworth Lord reckons it's overpriced by £10k

 Things aren't always what they seem....

There are loads of great investment properties being offered in Darwen by local Estate Agents. But are they all as good as they seem, I hear you ask?

And that's a good question, and it's an important one!

Well let me show you one that 'in theory' should give a nice 9% however the reality is likely to be somewhat different. Let me explain....

A quick look on Zoopla shows a 'nice potential deal' here on Nancy Street in Darwen at a nifty £46,500

But is it a good deal really?

check the link here:

Nancy St Deal

Nancy St Darwen

Nancy St Darwen

Now I have been modest on my rental figure at only £350pcm, and based on the sale price of £46,500 it stacks up at a 9% yield.

And in order to get the £350pcm on this street it needs to be nice inside. So on this one it will need a spend - probably £5k minimum. Which means it would stand you at £51,500 reducing your yield down to 8%. Now this still looks like a good deal.

BUT there are other things to consider too (on this street).

Firstly, you may have noticed this property is being offered sale by an out of town agent - Bridgfords in Blackburn. (Not experts on the Darwen property market). So take this into account first.

Secondly, I know this is too much for a property on this street. A quick browse on sold prices on this street will tell you this. (In my opinion this property is overpriced by at least £10k)

Thirdly.... and this is where the local knowledge comes in handy....
It's not in one of the best areas of Darwen and certainly not very popular either.

Fourth.. properties on this and neighbouring streets are very tough to fill (if you want a decent tenant), and believe me I know!

To get this house filled reasonably quickly it needs to be nice and priced right.

So whilst this looks a pretty decent deal at 9% the reality is you would probably end up with 7% or less after you take into account a rent reduction or incentive to get interest.. and don't forget to factor in void periods. It would be a stroke of luck to get this rented quickly after your tenant has moved out.

So.. factoring in voids... expect a more realistic yield of around 5%pa

Now if you're happy with a 5% return shouldn't you be looking at nicer properties in better areas? I think so.

Hope you find my opinions and comments useful, and if you see anything of interest, can I ask you call me or drop me an email to discuss it first (it doesn't matter which agent it's up with). I'm always happy to offer my twopenneth worth....

You know where I am...

Ainsworth Lord Estates 
49 Market St Darwen
Tel 01254 760660

Paul@AinsworthLordEstates.com

or call in for a coffee.... (we only do nice coffee)

Buy To Let Opportunity on Pine Street Darwen, with an Estate Agents in Darwen. Offering a nice 10% Yield

So you're a wannabe Landlord? Well, when opportunity knocks you just have to seize it, and guess what, it's knocking now!

I speak to so many people each week who are just itching to get onto the property market and become a 'Landlord'.

Some of them I go through the same script time and time again... and even show them some nice little entry-level deals to buy, but for some strange reason they just don't take the plunge.

Well if you're one of those I've been saying to that the time is now and I'll let you know when something comes up that is 'low risk' (just to ease you in), then take notice here....

There is a nice potential renter for sale here with our friends down at Proctors, one of the other Estate and Letting Agents in Darwen... take a look:

Mid-Terraced Renter on Pine St in Darwen

Nice little entry level renter here on Pine St in Darwen

Now Pine Street isn't everyone's cup of tea, but it's in an OK area and the street's ok too.
We have properties on here that we get rents of between £350 and £395 per month.

Depending how they're finished determines what rent we get.

Now if you've checked out the link to it on Zoopla you'll see there is only one picture on it. Which tells me what's in side probably wouldn't photograph up too well. So be prepared to have to spend a few quid.

Now if you're a tradesman or have mates or friends that can help you out to bring it up to standard (and keep your costs down) then this would be a nice starter property for any wannabe landlord. If not, then you need to keep your costs under control (very important).

The NUMBERS....

Assuming you buy this one for £35k.
And based on a rental of say... £375 we could get you a 10% yield if you kept your refurb spend down to £10k.

Of course, if you end up spending say £15k on the refub I'd expect we should get a better rent (£395) - providing you let me guide you on what needs to be done to help achieve this.
A rental income of £395 on a property that stands you at £50k would still give you a healthy gross yield of 9.5% still not bad eh?

But to come out at 10% you need to keep your refurb costs at no more than £12,400.

Now this in itself can be a tricky business, especially of you don't have any contractors to hand. If this is the case then speak to me as I have a whole list of local guys we use for refurbs - who are 'trained' on price and know the standard needed for the job in hand.

But we're assuming a lot here, once you've viewed it you ought to be able to gauge what work needs doing.... but who knows, maybe it just needs a 'light refurb' or a good lick of paint?

So.... have you booked your viewing yet? lol

Don't be a talker who is forever procrastinating, just get on and do it. At this kind of money you can't really go wrong.

My opinion on this one is:

Just Do it!

Want to chat some more? Give me a ring or ping me an email...

01254 760660
Paul@AinsworthLordEstates.com

or bob in for a coffee.. you know where I am..

49 Market Street, Darwen BB3 1PS
There's plenty of parking near the office.
(Ainsworth Lord Estates)

9% Yield up Sunnyhurst, Darwen. Cracking Investment Opportunity for wannabe Landlords offered for sale by Ainsworth Lord Estate Agents in Darwen

9-10% Yield rising to around 15%

Thinking of buying another Renter in Darwen? 

Here's the one to consider....  
Sunnyhurst - Yield: 9%+

It's not very often I come across many properties in the Sunnyhurst Area of Darwen that can deliver these kind of yields.

This in my book is a true diamond deal! And I bet hardly anyone has spotted the real opportunity here!

Harwood Street, Darwen Investors Dream Property

9%-10% in this part of town is almost unheard of. 

But take a look at this little baby and see if you can spot the opportunity here. I best most folks won't be able to spot it, which is more the reason to go check it out.

Now I like these kind of properties. Different, got an angle in it, high yield, great capital growth opportunity, high demand, great area, no brainer! (All good words in my book).

  

The 9%-10% bit is just for starters! The potential yield on this after a few tweaks we could get this into double digit returns no problem! (and some additional equity too).

For sale at £95k (Cheap really)

I'd get you £550-£600pcm for this.

Now, I normally steer investors away from properties in this price bracket, but given what you're going to get for your money makes this a proper decent buy!

Our Debs has it up for sale at £94,950 and I know she is keen to get some offers in on this one.

So if you're looking for another buy to let investment property in Darwen, I strongly suggest you book in a viewing with Ainsworth Lord Estates on 01254 760660. and once you've viewed it you should make an offer asap before it gets snapped up.

Basement Flat - £425pcm

So why is it such a good buy, I hear you ask?

Well, basically, you're getting 2 for the price of 1.

The house itself with a few tweaks would rent easily.
I reckon finished nicely (I have some very clear suggestions that would to be followed) I could get you £550-£600 on it. So working on the lower number of £550, that's £6,600pa

It's a buy!

Separate Access to Basement Flat

And the basement flat... well again a few tweaks needed, but then I'd get around £425pcm for this, which is £5,100 pa. That gives a total monthly income of £975pcm, which is £11,700pa, based on sensible numbers.

Then we have the uplift in value post tweaks. Can you see why it's a no-brainer?

The works I'm suggesting are nothing serious, and not expensive either. But this is something we can discuss if you wish. In the meantime I suggest you get the viewing done. If you're one of my out of town investors, then give me a ring and I'll go through it on the phone.

I have some more diamonds I've spotted up with some of the other estate agents in Darwen which I'll be sharing with you soon.

So if you haven't already registered to receive my email alerts can I suggest you do so now.

In the meantime, If you see anything of interest ping me an email to Paul@AinsworthLordEstates.com

or call in for a coffee and a chat, you know where I am:

Paul Ainsworth Lord
Ainsworth Lord Estates
49 Duckworth St
Darwen
BB3 1PS

Tel 01254 760660

I love cream cake too!

Investment Property on Preston Street Back on the Market - Potential 10% Yield at offers over £45k

10% Yield Easy...

Sale Fallen Through - Preston St in Darwen

Offers Over £45k - I don't think so.....

Just noticed another potential 10% Yielding property come back to the market on Preston St. I'd noticed it had sold, but for some reason the sale seems to have fallen through and it's back on the market with our friends at the YourMove Darwen office, across from us here in the town centre.

Here it is:

Potential Nice Deal on Preston St

http://www.zoopla.co.uk/for-sale/details/36261510?search_identifier=6e5d19eb8db0c393e51515588ec12a25#PrqWwZlWAKqS29Ll.97

Needs a few quid spending on it

Demand or rental properties on Preston St is always pretty steady, so I'm always interested in properties that come up for sale on here and especially the neighbouring streets.

On these streets we can get rents from £395 - £475 (and as high as £500 sometimes) quite easily, depending on condition, finish and features available.

This one looks as though it needs some TLC... I'd think about 5-10 k should be enough.

Given the sale has fallen through on this, I see an opportunity for a cheeky bid and generally speaking cheeky bids work well in these sort of situations.

My advice is go on ..... make a cheeky bid at £40k and take it from there. If you want

Go on, be Cheeky!

some help on this give me a ring and I'll talk you through how to turn a cheeky bid into a successful bid.

Or why not call in to my office and we can discuss it in person... I'm always happy to discuss these techniques and offer some advice on the works and jobs to do to help secure the optimum rental return. (so you don't make those little mistakes that can cost you lower rents and longer void periods. There is a bit of a science to this...

You know where I am...

There are four Estate Agents in Darwen.... my office is at
Ainsworth Lord Estates 
49 Market Street
Darwen
BB3 1PS

Tel 01254 760660
in case you just want to email me here's my email address:

paul@ainsworthlordestates.com

10.6% Yield on Laurel Avenue, Darwen, not to be missed. spotted by Paul Ainsworth Lord, up for sale for £45k with one of the Estate Agents in Darwen

10.6% Yield up for Grabs on Laurel Avenue in Darwen

Reduced by £10k - from £55k to £45k

Finding bargains in Darwen with a potential yield in excess of 10% has been slightly harder this last month. They all seem to have been getting snapped up as soon as they came to market.

Opportunities in Darwen are getting snapped up quicker than ever before.

 

It's a sure sign people are catching on to the higher returns and glorious opportunities up for grabs here in Darwen. Although, that said, there seems to have been a dip in the number of bargains coming to market too. I constantly watch what each of the Estate Agents in Darwen put on the market on a daily basis.

However.....

When this Garden Fronted Mid Terrace Property came on the market a couple of months ago, it was on at £55k. Now given it does need a bit of work, I just pretty much ignored it, but now that our friends at Proctors Estate Agents have reduced it to £45k - knocking a nice £10k off the price it now gets my attention.

Here's the little baby..

Reduced by £10k Now offering over 10% Yield

Laurel Avenue Darwen

How much work it needs is yet to be properly assessed, but given we now have an attractive asking price, we can allow for that.

What to do now?

My suggestion would be to book yourself a viewing and providing there are no major issues, I'd suggest you put a cheeky offer in to start the negotiations. If you were to get this one for £40k I think you will have done well.

Properties in this area rent well, and the rents are decent too when they're presented well. If you do a nice finish on this one it would get snapped up pretty quick for sure. Of course, the final rent is directly linked to the standard of the finished product.

My Opinion: Buy

If you're looking at buying anything in Darwen and want a second opinion on it before you commit yourself, feel free to drop me an email, or give me a ring. 

Or drop in to my office for a coffee...

Paul Ainsworth-Lord

Ainsworth Lord Estates

49 Market Street

Darwen

BB3 1PS

paul@AinsworthLordEstates.com

Cakes go well with coffee too ;-)

Commercial Investment Opportunity in Darwen up for grabs with Proctors, Estate Agents in Darwen

Investment Commercial Property Darwen- It's got potential....

I don't often highlight commercial properties. But this bobbed up on my radar and I think it's worth a punt.

On the market with one of the Estate Agents in Darwen at a sensible £35k, this mid-terraced commercial property seems right money to me.

Needs a fair bit of work

There is a catch though... I believe it need a good spend on it, as it needs a full refurb. Now sometimes with commercial properties this can be expensive.

Given it's been advertised at an attractive price (some agents do this to get lots of interest) I dare say there will be some serious interest in it and you could end up paying too much for it, so be careful.

Lets's say you paid £45k for it and it needs £20k spending on it.
This means it will stand you at £65. This in turn means we'd need to get a decent rent on it to make it a worthwhile investment. An ideal addition to a portfolio to add some diversity.

Still worth checking out though.

Here it is:

Commercial Property for Sale on Duckworth St. Darwen

If you see anything interesting, let me know and I'll let you have my thoughts...
I'm always happy to offer a second opinion.

Paul@AinsworthLordEstates.com
Tel: 01254 760660

Block of Apartments with 10.5% Yield, Rising to 15% on Blackburn Road in Darwen

Block of 4 Flats on Blackburn Road in Darwen - pulling in a very healthy 10.5% Yield, Rising to a mighty 15% after a few quid spend.

£200k down and get £21k a Year Return

 (for starters)

It's all about the yield

From my experience of dealing with lots of new landlord investors, it has become apparent not everyone is into flats.

I don't know why this is as there doesn't seem to be a patten to it. I then find myself reminding investors that it's all about the returns on your investment ie the yields.



Mind shifting...

So keeping things simple, when we look at the annual income you would get on a deal like this it is surely a mind shifting thing?

It's on the market for £195,000 with us at Ainsworth Lord Estate Agents in Darwen, see what you think.  Click here to view property details

Block of 4 Flats, Blackburn Rd Darwen.

 
Look at in very simpler terms....

Put £200k in the bank and you might get £4,000 if you're luck to get a 2% return. If you spend the £4k then all you have left is your £200k. (Which because you've spent the interest it now won't buy you what it would have done when you first put it in the bank.)

So the value of your money has gone down.

Darwen Property Prices are on the up...
 
With property it's different and especially now given we are seeing strong demand and healthy property price rises here in Darwen.

Property is a Double Wammy?

So.. you put your £200k into a property like this and it pulls in £21k a year (10.5%) in rent.
Firstly that's a good income agreed? Now if you spend it all that's fine. Now if you were to sell the property say a few years later I bet my bottom dollar you would get a good bit more than £200k for it. It becomes a double wammy, don't you think.

Ok, don't forget you have to remember there will be some maintenance, a few void periods in-between tenants etc., and letting agents fees. But still it makes a great deal.

Food for thought?

Hopefully, my few words will get you thinking. There are loads of other types of properties that are superb investments and no doubt I'll touch upon these in time to come.

But if before then, you ever you see anything you think might be worth investing in and are unsure just give me a call. I am more than happy to give you my take on it.

Diamonds are everywhere, even in the most unexpected places....

I'm involved with all types of properties and some are amazingly profitable like you wouldn't believe, so much so you couldn't imagine it to be true. Only the other day I was doing the numbers on a deal with a 40% Yield! Yes these types of property investments are out there... right under your very nose, often in the most unexpected of places.

And that's why I say... Darwen is my very own place with Acres of Hidden Diamonds and some of the precious finds are worth more than any diamond I've seen.

Yo know where I am...

49 Market Street
Darwen

here's my number:
01254 760660
Paul@AinsworthLordEstates.com

Call in if you're passing.

10% Yield on Lomax Street Darwen from Ainsworth Lord Estate Letting Agents in Darwen

Here's a cracker for you savvy Investors - a nice 10% Return on this neat little jobby, a nice and simple mid-terraced property on Lomax Street in Darwen.

It's one that came in the other day. Landlord is emmigrating and is off-loading a few properties. So watch out for them on here.


I've Some More of these Nice Little Earners to come in the next week or so.

Might need a fresh paint job this summer on the outside

We'll be listing them once I've checked them all out.

Luckily this is one that we tenanted, so we know it's a decent house for the money AND we know it's a decent tenant in there too.

We are the strictest agent on our patch when it comes to vetting tenants. We need to be these days, all the tricks they come up with.

Here's the link to it:

Perfect deal on Lomax Street in Darwen - click here

Mint Kitchen

Comes with Good Tenant in situ and Pays on time
Tenant pays on time and looks after the property well and has no plans to move. We do intend to renew the tenancy in time for change of ownership.

 TIP - Always try and do this when you buy a ready tenanted property.

Rear Reception Room

Register your email address to be the first to hear about more deal. I will be selecting deals like this all the time.

So... keep your eye on my blog, or better still register your email address here (on the right of this page) and get to hear about these little beauties first.


Or better still (and it's always better) if you bob into the office and let me know what it is you're looking for. We can discuss your requirements over a brew.

My Opinion: It's a NO BRAINER! Make the offer!

More coming soon...

Paul Ainsworth-Lord
Always happy to give my two-penneth......

01254 760660
Paul@AinsworthLordEstates.com

Real Investment Opportunity - This property looks cheap, on Redearth Rd Darwen.

Real £55k Bargain, but avoid using Blue....

To Cheap? or Too Good to be True, or is it the Blue Paint?

I've always said that Blue is the worst colour to use in our job, it just doesn't help sell or rent houses.



So why hasn't this one sold? Now whether I can blame the use of blue paint on this one might be stretching it a bit?

Avoid using Blue!

Have a look for yourself, here's the link...

http://www.zoopla.co.uk/for-sale/details/35971307?search_identifier=d6fd6c14e386be8f43fbc90e46792b8a#hye8HH7HeotCadeK.97

Up at £55k with our friends at Proctors, this property up Redearth Road in Darwen, just up from the town centre, looks like a real bargain to me.

Now I have to qualify that a bit because there are no photos with this listing, other than the front picture, AND I haven't been or seen in side it, so it could be a real mess?

Probably needs a good spend....
 
That said, Ive seen some messes in my time and 20-30k will go an awful long way on a refurb, and a proper refurb at that! (that includes the £100 to repaint the front a different colour)

So if I bought it and had to spend £30k on it it would be a mint job and be worth a lot more - and pull a very handsome rent too. So at worst it still looks a very good buy.

Get the refurb right - get the right profit.

Getting refurbs right is important and shouldn't be ignored.
Whilst in my job I see some real wrecks that need refurbing, I also see some shameful refurbs that cost the investor a fortune - and that's not as uncommon as it sounds. Bad tiling, bad decorating, bad kitchen fitting, and the rest.

Getting the refurb right is where the profit is, and you might have hear me say... 'the money is (always) in the detail', try to remember this.

I have huge portfolio of refubs I can show you if you get chance to call in. Some from as low as £7k (mini refurbs) and others over £100k.

So what's so good about this one?

So what else makes this one a good buy, surely it's 'just another' fifty grander in Darwen? I hear you ask...

Well, I know Darwen like the back of my hand, and we have several other properties on Redearth Rd. and this block in particular and they all pull in decent rents.

These bay window, garden fronted ones are 'huge' inside. Plus they have big cellars too and so appeal to a wide audience house hunters - both for renting and buying.

Also, they do bring good prices on this row, and we get premium rents on this block just because of the size of them.

PS.. Debs in our office sold one on this block not long ago and got over £75k for it - and that needed a full refurb.

My Opinion - Buy (But do view it first)

Hopefully you haven't missed it.

If you want me to view it for you give me a ring, or ping me an email. I'd be more than happy to. I could give you a 'ball park' on the works needed and get our contractors to price up the job if you buy it.

Or of course, just bob into the office for a coffee and a chat.

(I'm also happy to discuss and offer a second opinion on anything else you might have seen in Darwen.)

Paul@AinsworthLordEstates.com
Tel 01254 760660

49 Market St 
Darwen
BB3 1PS
(There's plenty parking)

Another 10% Yield on Sarah St Darwen. Nice Opportunity for New or Experienced Investor

I posted about a different property on Sarah St in Darwen a couple of weeks ago, well here's another to look at.

Same sort of numbers and equally attractive if you're looking to build a portfolio of bread and butter renters with a decent yield and steady capital growth given time.

This one is up with our friends down the road at Proctors Estate Agency here in Darwen.
Take a look:

http://www.rightmove.co.uk/property-for-sale/property-38488321.html

Sarah St Darwen -Bread and Butter Renter - 10% Yield

Now, on the face of it, it looks a decent deal. But I'm not sure whether or not your going to be able to get this one for £50k.

When I take a look at the back office stats... I can see it's been on the market for almost 2 years. Why? is anyone's guess, but it's likely to be one of three things given it seems to be priced right.

• It could be that they are pricing it to attract attention to achieve a good sale price? a good strategy, but not really Proctor's model. And in any case it should have gone by now.
• Perhaps the offers they're getting aren't high enough to clear the vendor's mortgage? this is quite common. But on this one, given they only paid £20k for it back in 1998, it's not too likely (unless they remortgaged back in the peak?)
• The obvious one is.... what's wrong with it, or how much needs spending on it?

Well, we're only guessing as to why it's not sold and often best way to find out why is to simply go have a look and ask the agent why it hasn't sold? Proctors are pretty straight up when it comes to answering questions like this.

You can see from the pictures it will probably need a few bob spending on it, but it mostly cosmetic. I'd put a shower in the bathroom too.

But finished nicely, the likely rent is around £425-450pcm, which means a nice yield of 10% +/- with steady capital growth.

10% Yield

Why don't you go have a look at it and we can have a chat. I'm always available for a second opinion?

You know where I am... bob in for a coffee (I only do nice coffee) and a chat, anytime.

01254 760660
Paul@AinsworthLordEstates.com

Darwen & Hyndburn are 'Real Property Hot Spots' says Paul Ainsworth Lord, from Ainsworth Lord Estates Agent in Darwen

Investing in property is easy, anyone can do it. Whether you make or lose money is the tricky bit.

The key is to know what to buy and where, and as I'm always banging on about.... you need a plan! Always know what your exit is going to be as this is where the profits are realised.

If you ignore this you're at high risk of making the wrong move which could undermine the whole plan altogether.

As you all know I'm based in Darwen in East Lancashire, but I do my stuff across a much wider patch... including Blackburn, Accrington/Hyndburn, Bolton and other surrounding areas.

But when I got a call from a reporter at the Accrington Observer asking for my comments on the Accrington Property Scene, he seemed pleased to hear what I had to say about Accrington in particular.

Read it here for yourself....

Paul Ainsworth-Lord speaks to the Accrington Observer

 http://www.accringtonobserver.co.uk/news/property-hotspot-hyndburn-set-10m-8669506


And as always, If you want to chat about what opportunities I see in East Lancashire, just drop me a line, or call in for a coffee - anytime (you should know by now.. we only do nice coffee).

Tel: 01254 760660

Paul@AinsworthLordEstates.com

Nice 10% Yield on Sarah Street Darwen - Is this one for you?

10% Yield. Luvly Jubbly

A 10% Return on Investment always gets attention from the savvy investor, and we're lucky here in Darwen as yields of 10% are pretty easy to come by if you know what to buy and where. But buy wrong and it can be painful!

Sarah St is one of those streets that rents all day long and the tenants tend to stay a decent while.... providing you know which end to buy at.

This one is up with Keenans, an Accrington Estate Agents, at offers over £49,950.

Here's the link to this little baby:
http://www.zoopla.co.uk/for-sale/details/35490029?search_identifier=d110c1e1267199d9135385618601a5e6#RKPz6IR8UAYdUSI6.97

10% Rental Yield on Sarah St Darwen

Reduced by £5k.
Given it was on the market for £55k previously, until it was reduced by £5k, a few weeks ago I reckon there's a good chance you could bag this for £50k.
Having had a look at the back office stats on this, there's been lots of interest in it, so maybe now is the time to strike lucky before it gets snapped up.

If you were to bag this for £50k it would mean a yield up even of just over 10%.

Requires a bit of 'Lipstick and Makeup'

Looking at the pictures, it looks in decent nick. But to attract the right attention and get the optimum rent there's a few tweaks needed. I'm always going on about a bit of 'lipstick and makeup' and that's what this one needs, at no great expense.

I've not been in this house, although I have several on this street already (in the good bit and not so good bit) so I don't know what it's really like inside, but if you were thinking of buying to and wanted me to come along to look at it with you before you spent any money on a survey I'd be happy to.

So... on the face of it.... a nice little earner.

If you see anything else you want me to look at or pass comment on, just drop me a line, or give me a ring. Or bob in for a coffee and a chat. If I'm not in speak to Debs, she knows the area very well too. It's what we do.


Happy hunting!
01254 760660
Paul@AinsworthLordEstates.com

Another Investor's Gem on Olive Lane Darwen Purchase Price £50k with 10%+ Yield up with Proctors Estate Agents in Darwen

I like Olive Lane. 

I know it's not everyone's cup of tea..... BUT...

When investing in property most of us know we have to sometimes just look at the numbers.... forget it's not where you would live, which is something I hear all the time, especially from new-ish investors.

It's all about the numbers! 

Put emotions aside and focus on the spreadsheet. The spreadsheet speaks for itself and never lies and doesn't' care if it is somewhere you or your mum might or might not live.



If you're not that well up on spreadsheets, or how to do them, there is plenty of free software.

Spreadsheets Never Lie

Google Docs has easy to use spreadsheets in here:   
https://docs.google.com/spreadsheets/

If you need any help how do create a simple property spreadsheet, there are loads of videos on YouTube, have a look here:

https://www.google.co.uk/search?q=spreadsheets&ie=utf-8&oe=utf-8&gws_rd=cr&ei=Y2rzVM_mE-_X7AbnzIFI#tbm=vid&q=how+to+create+a+property+spreadsheet


10% Yield not to be ignored.

Anyway, back to a deal I have been watching for a good while now and I think it's time to make a move on this nice little 10%er.

10% Yield not to be missed

It's a nice fully refurbed property on the bottom end of Olive Lane, up with our friends at Proctors.

It was up previously with YourMove and the pictures did look better back then, so don't worry too much about the pictures, as it does look pretty well inside.

I'm confident you'd find a decent tenant for this one with a healthy rent. Nice properties like this always pull in a better type of tenant, and who are prepared to pay a bit more.

Here is is:
I was originally on the market for £52k, but now reduced to just below £50k.
The time is NOW.

My Opinion: BUY NOW

Click here to see refurbed deal on Olive Lane

It looks better than this in real life

Fully Refurbed Throughout

So, what you waiting for... go call Proctors, the estate agent, and book yourself a viewing.

Once you've had a look at it if you want to have a chat about any concerns you have, and pick up a few tips on how to find a cracking tenant at top rent, I'm always happy to discuss it over a brew.

You know where I am... call me or email me, or just drop into the office.

Tel: 01254 760660
Paul@AinsworthLordEstates.com

Redearth Road Darwen, Potentially an easy 10% Yield.

Redearth Road has had some bad press over the last 10-15 years or so, and for some good reason too. But that's in the past and since Sainsbury's came to town and then more recently the new DACA Academy, things have looked up.

I get some cracking yields on Redearth Road, but there is a knack to it, and I'm not talking rocket science here, more the use of experience and tweaks of the trade.

See this little baby here..

Rental Investment on Redearth Road, Darwen

http://www.rightmove.co.uk/property-for-sale/property-47392169.html?premiumA=true

Well, this little baby has been reduced twice now, from a whopping £70k to £60k and just now down to Offers Over £55k, so it gets my attention now, as it's sensible money for sure!

I know it needs a few tweaks just by looking at the pictures, most of which just seem cosmetic which is always reassuring, so I don't see any major spend on things like the kitchen or bathroom (although a viewing would confirm this).

So given the hasty price reductions I reckon it's time to take peek and make an offer, who knows?

If you are the lucky one and want to know how to make a 10% return on your investment, or  if you're thinking of putting an offer in I'd be happy to give you my thoughts before you commit yourself....

Why not give me a call at the office on 01254 760660 or drop by for a coffee... you know where I am... 

7% Yield in Lower Darwen, is that good enough? You could do better....

I love Lower Darwen, it's one of those areas where you can't go wrong as a landlord, or can you?

Perfect Location
It's a nice little place just in-between Darwen and Blackburn, close to some good schools and more importantly smack bang between two motorway junctions - 4 and 5 of the M65, plus loads of other attractive attributes of potential renters.


10% Yield Minimum
To date, every property we have on our books delivers over 10% yield for my landlords, and some give double that! but that's for another day.

Deal or No Deal?
Anyway, Ive just come across a little cottage that's being advertised by two estate agents in Darwen, which in itself raises questions in my head.... why would someone have 2 agents marketing the same property at the same time? It's probably the worst thing you could do as a seller, because this does nothing at all to motivate either agent. It goes right to the bottom of their list! Plus it will giv out the wrong signal to buyers, which is the seller is desperate to get rid. So assuming the latter is correct my ears prick up because we have a potential deal on the horizon, or do we?

Deal or no deal for us Landlords?

http://www.zoopla.co.uk/for-sale/details/35179591#VjWbejD77Smbgy4r.97


Let's look closer...
As I mentioned earlier, all my Lower Darwen stock delivers 10% or more. So what's wrong with this one? Well, I think we'd struggle getting above 7% on this one, for a variety of reasons, unless we can get a cheeky offer accepted.

I personally think it's too much money at £72,500, after-all you only need to look at what's available on Rightmove or Zoopla for that kind of money to see for yourself.

Always be mindful of your exit before you buy
Given where this cottage is situated, which is on a very busy road, with narrow footpath and difficulty parking, that's why I think I'd struggle to deliver above a 7% yield on this little baby, assuming we paid the asking price. Even then, as I always say to all my Landlords, we must always consider the exit on a property before you buy, and selling this in the future could well be a challenge. So worth keeping an eye on how the two agents selling this one perform?

Low voids & happy with 7%?
On the upside, whilst it might be in a tricky spot, if you're happy with 7% then it's worth a look, the demand in Lower Darwen is such that it should be full all the time with very few void periods.

Go on, make a cheeky offer, but don't tell them I sent you though ;-)

If you see anything else in Lower Darwen, why not send me the Rightmove link to paul@ainsworthlordestates.com and I'll let you know my thoughts. Or bob into my office in Darwen town centre.

Lower Darwen, 10% Yield on a 1 bed cottage. No brainer

I've said it before, that's cos it's true... I love Lower Darwen. It's great Landlord investment territory. The location ticks so many boxes and demand is so strong, which in turn means we can always get the best yields on decent stock.

Check out this little baby that Debs at our office has just sold from one Landlord to another.

The reason the previous owner decided to sell is quite simple and pretty common. He bought it as a refub property, did it up to a nice standard. We then rented it out within a matter of hours from when we put it on the market for a nice decent rent of £100 per week. The plan was to rent it for a year or two and then sell it so he could do another refub job and buy something closer to where he lived.


Anyway, Debs put it on the market at £55k (a sensible price) and it sold nice and easy to another newbie landlord. A great addition to any portfolio. Nice yield too. (Petty much 10%)

Take a look at it...

Lower Darwen great Landlord Investor territory

http://www.zoopla.co.uk/for-sale/details/33997589#mmAeeoozwEZ95DdV.97


If you are thinking of buying in Lower Darwen why not send me the details and I'll give you my thoughts? Better still, why not call in for a coffee (we only do nice coffee) and a chat. You know where I am... Ainsworth Lord Estates on Market Street in Darwen town centre, opposite the Darwen Your Move office. I'm in most days.
If you want to drop me an email, send it to paul@ainsworthlordestates.com I'll drop you a reply - no probs!