Up and Running Perfect Investment for Cautious Investor 5% all day long....Chancel Place Darwen already with Letting Agent In Darwen

I saw Debs put this one on the market the other day.. for offers in excess of £130k

It's perfect for the 'very low risk' investor/landlord. It's what I call a second hand newish property.

Its a nice modern property, in a proper good location, that rents very easily. When we tenanted this property it went within a matter of hours and there were loads of folks wanting it.

It's An Easy 5% Yield.

Perfect Investment Opportunity

Perfect! Ready Tenanted with 5% Yield

This type of property isn't really my cup of tea, but I do know lots of landlord investors that only go for this kind of property, and that's fine.

The reasons they like this type of property varies from landlord to landlord, but the main thing that appeals is the fact they are new(er) and they tend to have fewer maintenance issues and it's fair to say that the tenants do tend to stay longer.

Knowing what you want, and what you like is good in this job. It's very important to have a plan in your head of why you are doing what you and what for. (So many people don't have any plan whatsoever).


So if you like this type of property and are happy with a 5% yield then it's worth a sniff.. The tenant is happy to stay and is looking at long term.... couldn't be better? It's an up and running cash machine!

Here are a few more pictures....

Nice Long Lounge

Nice Corner Plot with Plenty Parking

If you're thinking of buying anything like this and want a second opinion, why not pop into the office and we can have a chat. I'm always happy to make you a brew and give my opinion....

Or drop me an email with the Rightmove link of the property you're thinking of buying, to: paul@ainsworthlordestates.com
Tel 01254 760660

I only want to buy up Whitehall, BoldVenture, and Sunnyhurst, is this right?

Whitehall or Olive Lane?

Got a call from a Landlord yesterday looking to buy another Renter (he has a nice little portfolio with us already). He wanted to know if we had anything up Whitehall, so I asked him why he wanted it up there?

His reply was quite typical of an emotional thinking landlord, as opposed to what I call a 'numbers' landlord.

He preferred Whitehall because he 'likes it up there', and I have to agree it's a nice area - one of the best parts of town. But the problem with buying in the nice areas is that the properties cost more and in turn the yields are lower, which is fine if that suits your strategy but given he doesn't really have a strategy - other than buying nice houses, opens up another discussion for a different day.

Whitehall Area Darwen

When I explained that we do have some nice decent properties in that area but they will cost more and that the typical yield is around 5% he didn't seem as keen.
So he then asked well what about other nice areas? I explained he would have the same problems up Sunnyhurst and BoldVenture - both equally nice areas.

I suggested he have a think as to why he wanted to be a Property Investor, because most people do it as an investment, and when you invest in something it's generally all about the yield. The better the yield - the better the investment.

I'm not saying this is always the case, or even always the right thing to do, I suppose the other message here is to establish a 'Plan'.

So do you buy a house up Whitehall with a yield of 5% or one on Olive Lane with a double yield of 10%? I'll let you ask yourself this question...

It's about the yield, or is it?

If you get stuck on this one and want to have a more detailed conversation about this, or even some help developing a plan? why not give me a call on 01254 760660 - or better still bob into the office for a coffee.

You know where I am..
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

Derelict Property - Investment Opportunity In Darwen for the Experienced? Too Risky??

Two-For-One Derelict Property Deal.
If I had a quid for for every time I've been asked about this one, I'd be a millionaire by now! well not quite, but you get what I mean.... but no-one seems to have the guts to take it on.

Serious Refurber - only for the experienced Investor

Its a pair of terraces on a gable end, in pretty bad shape, being offered for sale by our friends at Thomas Shaw & Co in Blackburn.

So what would I do with this one? And why hasn't it been snapped up yet?

Well, to someone from out of town it looks a bit of a bargain, and I'm sure its gonna go soon. But us local folks know that Green Street East in Darwen is a tough street and the properties in this area don't fetch much money on a sale or when up for rent - even when done to a fairly good standard.
Because it's tough, unless you're up for a challenge and have a clear plan, a good refurb team behind you this is one to probably stay clear from.

Gable End Refurber - Green Street East Darwen

Thing is, a lot of the people I speak to just want the easy stuff - the straight refurbers or easy renters and projects like this scare most folks.

Having said that, anyone who knows me knows I like a challenge! So can I see the money in this one?

My answer is yes! and some good money too, but you need to have a plan and know what you're doing!

Up for the challenge on this one?

If you also like a challenge and are up for a chat, then give me a ring and I'll talk some more. Here's the deal..... I'll make the coffee, you bring the cream cakes!

I can see a nice little return on this ugly baby! I bet most folk won't.

Here it is...


Derelict Property on Green Street East Darwen