Anchor Estate Darwen, Unsold Opportunity... Reduced! 8.8% Yield - "This should have sold by now," says Paul Ainsworth Lord on Investing in Buy to let opportunities from Estate and Letting Agents in Darwen

This is still available and I don't understand why?

It's been a busy week this week and I was just checking the Darwen property market activity on Rightmove and Zoopla to see if there was anything I had missed.

I came across a few surprises, but one that stands out in particular...

Reduced!

I wrote about one particular property about 3 weeks ago, tipping it as a good buy. It's up with our friends at the YourMove office across from us here in Darwen.

http://darwenproperty.blogspot.co.uk/2015/10/anchor-avenue-darwen-8-yield-and-safe.html

I'm surprised to see it's not flagged as sold. In fact it was subsequently reduced by £5k from £80k to £75k..


The crazy thing is it has a nice and bonny yield of 8.8% with potential to increase this further. It's a no-brainer!

Here' it is:

http://www.rightmove.co.uk/property-for-sale/property-36846924.html

Have you all spent up?

I think you guys need to check this out, and if you have concerns as to why it hasn't sold give the agents a ring see what they say? Are there problems we can't see in the pictures etc?

Pretty much every property I write about gets snapped up, usually by Landlords and Investors i have spoken to.

Bottom Drawer Secret Property Deals... 
 
If you spot any other properties you're interested in drop me a line or call in for a coffee (we only do nice coffee!) I can discuss some off market investment properties I've got in my bottom drawer.
These are properties that the owners (mostly retiring Landlords) are looking to sell discreetly, that won't go on the market. I have a steady supply of these and they're all producing nice yields.

You know where I am..

Paul Ainsworth-Lord
Darwen's Local Property Expert

Ainsworth Lord Estates 
49 Market Street
Darwen
BB3 1PS

(There's plenty of parking)

Ring me on 01254 760660 or ping me an email to:

Paul@AinsworthLordEstates.com

Anchor Avenue, Darwen. 8% Yield and safe long term investment from YourMove in Darwen. Spotted by Paul Ainsworth Lord, Local Property Expert, Sales and letting agents in Darwen

Cracking Yileds

I was talking to one of my landlords the other day who is on a buying spree at the moment.

We speak regularly, and the things properties he likes are houses in 'really good areas' and he wants them cheap. A pretty tall order!

Ive mentioned to him before that in this job the focus needs to be purely on the numbers... ie yield and capital growth. But some folks get stuck in their own mindset, and that's fine if it works.

It's all bout the numbers

But the frustrating down side to this mindset is losing out on so many other opportunities, which is so unnecessary.


Council Houses make Great Investments
I'm a great supporter of buying former council houses, for many reasons.

They're cracking family homes, built well, built for families, are usually nice and spacious, and invariable come with good sized gardens. They tick all the boxes (on paper) that families are looking for, and when we have them come up for rent there's always a scramble for viewings! Great!

It's a Pseudo Stigma
The only down side to these houses though is the stigma of them being on a (former) council estate. The tenants are happy to put this aside if it means they can get a great house that ticks their boxes at a suitable rent.

This is where investors really need to tune in. Rental demand is really strong for these properties which is why I always promote buying them up, providing the price is ok that is.

So when this one bobbed up on my alerts at £80k it got my attention.

Click link Here:

Ex-Council House on Anchor Avenue in Darwen

Ex-Council Houses are Great Rental Investments

Lipstick and Makeup Required

No Brainer...

£80k for Anchor Avenue? It's sensible. Having had a quick look through the pictures. it's fair to say it needs a bit of TLC in places, but on the face of it I can't see anything major. Nothing a bit of lipstick and make up won't sort out.

Now we all know, us investor types are a cheecky bunch - and there's nowt wrong with a bit of cheek! so let's assume we managed to get it for £75k which is a sensible offer so we we'd tell the agents, (despite knowing the price on this one is pretty bang on.. hee hee) we'd have bagged a bargain!

Let's do the sums...

PP £75k
Rental income: £550pcm = £6,600pa
that equates to an 8.8% gross yield.

But lets say the agents and vendor play hard ball and you have to pay £80k, would you be happy with an 8.3% yield? Course you would!

Bear in mind, Ive not taken account of any decorating costs and bit of jobs etc that you might need to do with these figures, but even so, but you see the point I'm making?

And the Brucey Bonus is that the capital value on these houses appreciates nicely.

Suffice to say... Ex-Council houses are a great rental investment on our patch.

My opinion on this one...

BUY BUY BUY.

If you see any other council houses (or anything for that matter) and want to run it past me then give me a bell or call in for a coffee (we only do nice coffee).

If I'm not available, leave your details and I'll get back to you.



You now where I am..

Paul Ainsworth Lord
Ainsworth Lord Estates
49 Market Street (opposite Boots the Chemist)
Darwen
BB3 1PS

Tel 01254 760660

or ping me an email...

Paul@AinsworthLordEstates.com