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!

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

Property Values Rise by £55 per Week in Darwen Paul Ainsworth Lord explains..

Last week, a landlord who lives in the Sunnyhurst area of Darwen came into our office to discuss the rising property values in our part of Lancashire.  He owns a varied portfolio of rental properties, primarily in Darwen, Accrington and Blackburn, so it was interesting to compare the increase in property values around the area. 

Prices up £55 per week in Darwen

Over the last 12 months in Darwen, the average property value has risen from £108,700 to £111,600, a rise of £2,900 or £55 per week.  When I looked at some of the other surrounding areas, average property values in Blackburn have risen from £125,800 to £130,100, a rise of £4,300 or £82 per week.  However, Accrington property values had risen impressively from £99,200 to £107,000, a rise of £7,800 or £150 per week.  This means that values in Darwen have risen by 2.6% over the last 12 months, in Blackburn 3.4% and in Accrington a very impressive 7.8%. Therefore on the face of it, Accrington is surely the best place to invest in buy to let?

Darwen

As a landlord, one must consider the medium to long-term when it comes to property values together with additional factors like yields and void periods.  In future articles I will discuss those matters in greater detail.  However, looking at property values over the last three years, the tables have turned.  In Accrington even with the recent impressive increases in property values, property prices here are only 2.6% higher than they were three years ago, whilst in Blackburn they are only 1.72% higher but our town of Darwen is an impressive 7.9% higher than three years ago.  The research I have carried out enables me to give landlords the best advice on what to buy (or not) in either Darwen, Accrington or Blackburn.

When considering a landlord’s buy to let portfolio yields in Darwen can be in the order of 5%-10% per year, depending upon where you buy, so combine that with steady rental growth, excellent increases in capital values of the property itself and it could be a good time to invest in the Darwen property market as values begin to increase.

If you would like some advice about buying to let, be you a landlord with an existing portfolio or someone thinking of investing in the rental market for the first time, please come and see me at our office on Market Street in Darwen.