Merry Christmas!

Afternoon everyone!

I thought I would take this opportunity to wish you all a Merry Christmas and a very Happy New year!

Lets hope 2016 brings a great year for the property market in the Heath!

Thanks for reading and I'll see you soon!

Hassle free investment property

Morning everyone!

2 days to go before the big day!

If you're in the market for a 3 bed semi detached house I've found this one on  Keynsham Road. 

From the pictures it appears you won't need to lift a finger as it's in a great condition and ready to go!

The spacious front and rear gardens are a major selling point as is the modern kitchen/diner  providing plenty of room for a growing family. 

If you're interested in the house as a buy to let  I think it will be a great investment with a potential yield of 4.2% . 

Morgans currently have this property on for £269,950 and whether you're looking at this property as a family home or a hassle free investment I would certainly have a think about booking in a viewing over the festive period. 

http://www.zoopla.co.uk/for-sale/details/39028478

1 Bed flat for first time buyers!

Afternoon everyone!

Feast your mince pies on this!  If you're planning on jumping on the property ladder in the new year, I've found this lovely ground floor flat in Pentland Close. 

A perfect first time home,  for those of you who are ready to get your foot on the property ladder, in the popular  area of Llanishen and close to the local shops and train station. 

The property has a modern open plan kitchen/lounge which leads onto your own balcony and comes with off road parking.

Peter Alan are advertising this apartment for £110,000 and as it is available with no chain.

I would get in there fast and book a viewing!

http://www.zoopla.co.uk/for-sale/details/38971773

3 bed project on Manor Street

Afternoon Everyone. 

As I have finished and wrapped all my Christmas presents early this year I thought I would have a browse through Rightmove at some new properties in the Heath area. 

I found this three bed Terraced house on Manor Street and if you're looking for an investment project this could be the one for you!

The property looks like it's in a good condition but I think it could do with a little bit of work, perhaps a fresh lick of paint and maybe some revamping in the bathroom and reception rooms. 

Location wise, I don't think it will be hard to find tenants, its close to the shops and schools on Whitchurch Road and also within walking distance to the Heath hospital, which should ensure that you attract a variety of potential tenants!

At the moment the property is on with Kevin Francis and is advertised for £215,000, which if you were to let it out to a family or a thriving student market you should see a return of over 4% .

http://www.rightmove.co.uk/property-for-sale/property-38487786.html#

Family Home for sale on Pantbach Road

Afternoon Everyone!

Hope you've all got that Friday feeling and are looking forward to the weekend!
If you're looking for a new start and a new family home in the new year , I have just found this lovely 4 bedroom detached house on Pantbach Road.

The  property appears to be in a good condition and one that you could move straight into come the new year! The garden is a good size for the children and there's plenty of room for a couple of cars on the driveway. The property also benefits from a large open plan kitchen/diner

Location wise the house is in the heart of the Rhiwbina Village with easy access to the local schools and shops, an ideal place to settle down with the family.

If you want to take a look at the property yourself, it is currently on with Morgans for £325,000.

http://www.zoopla.co.uk/for-sale/details/38885918

The 2015 Annual Heath Property Market Report

Those of you who read the Heath Property Blog will know I am not the sort of person who pulls punches nor someone who ever fails to give a forthright and straight talking opinion – so here are my thoughts for the 4,164 Heath homeowners and landlords.

According to the Halifax, property values in Heath have risen by 4.65%, not bad when you consider the Cardiff average (as a whole) is only 2.8%. When one considers inflation is currently running at -0.1% (ie consumer/ retail prices are dropping) and average salary growth is only around 2.5% pa, this is bad news for first time buyers as property affordability continues to decrease.

For the 632 Heath landlords there are some concerns that the higher stamp duty taxes, announced by George Osborne a few weeks ago in the Autumn Statement for buy to let landlords, will effect first time buyer affordability and that the possibility of UK interest rate rises in 2016 will really dampen the buy to let property market. I believe the real issue in the Heath property market is the shortage of property to buy, as people either worry there will be no suitable house to move to, or cannot afford to upgrade.

 Let us look at the shortage of properties for sale. Back in May 2011, on average 179 properties were for sale at any one time in the Heath. By 2012 it had dropped to an average of 139 and in 2013 it had slipped to 117. In the Spring of 2015 that figure was always in the late 70’s, but has since drifted downwards to today’s figure of 68. On the face of it this means there is less choice for Heath buyers but it also means, with a restricted supply of properties for sale, property prices are being kept high for Heath house sellers.

Everything isn’t all doom and gloom though ... again back in May 2011 the average property in Heath took 92 days to find a buyer. Latest figures state it currently takes 87 days to find a buyer (a drop of 5%). However, when you delve even deeper, the best performing type of property today in Heath is the 3 bed, which only takes 59 days to find a buyer (on average) compared to the 5 bed, which takes 111 days. It just goes to show, even though the average has dropped since 2011, how varied that change has been!

So, back to the question everyone is asking .... What will happen to property values in Heath in 2016?  

Heath has always been attractive to the homebuyers of Cardiff and seems to attract a certain type of person. It might not surprise you to find out that Heath has one of the highest proportion of people educated to degree level and above (3,074 of the 10,249 Heath residents have a degree or above) ... an impressive 29.99% compared to the Cardiff average of 23.9% and Welsh average of 14.1%. With such high demand from educated people (who often have better jobs and can afford better houses), I am going to suggest property values will rise by between 3.5% and 5.2% in 2016 in Heath ... nothing out of the ordinary but always better than Cardiff as a whole and unless something cataclysmic happens in the world, 2016 will be similar to 2015!

Flat with a potential of a 6.2% Yield

Afternoon everyone

Today I thought I would share with you a hassle free buy to let flat I found in Threipland Drive.

This second floor one bedroom flat has an open plan kitchen/reception room and benefits from an off road parking space!

Condition wise, it's pretty much ready to go.  It may benefit from a lick of paint here or there, in order to attract the best quality tenants.

Rental guide wise, I think you would be looking at a rental price of  between £600  and £625.   When you compare this with the asking price of £115,000, you would be looking at a yield of about 6.2%!

You can book a viewing now with Springbok properties.

http://www.zoopla.co.uk/for-sale/details/38855873

Stunning detached Bungalow for sale

Afternoon all!

I came across this beautiful detached bungalow on Heath park Avenue and it's just a stones throw away from Roath Park and Heath Park!

I think this property is ideal for a spacious and homely retirement house, with it's picturesque  garden and charming character features.  What more could you want from having a relax in the garden to having a stroll around the lake before putting your feet up in front of the fire.

This property also benefits from 3 spacious bedrooms and a driveway big enough for at least 2 cars, ample amount of room for the family visiting at Christmas!

This property is currently on the market with Mansell's and is priced at £375,000, I would recommend getting a viewing in quick!

http://www.rightmove.co.uk/property-for-sale/property-50617141.html

Fantastic project on Waun Y Groes Road

Afternoon Guys!

I can't believe I am sat here all ready opening my advent calendar for the 2nd of December- Where has 2015 gone ?!?

Whilst tucking into my chocolate  this morning I found a lovely spacious 3 bed property on Waun Y Groes Road. This property benefits from a  spacious garden and adjoining garage which I think with just  a little bit of tender loving care would be a great investment property.  

The decor needs a little bit of modernising which will be well worth the investment as in an area like that I don't think you would ever have any trouble finding the right tenants. 

The price tag for this property is £275,000 and as it has only come on the market today, I would get in quick and book a viewing with Mansell's!

http://www.rightmove.co.uk/property-for-sale/property-38221722.html

Newly refurbished buy to Let on Caerphilly Road!

Afternoon everyone!

Hope you managed to bag some decent black Friday bargains today. 

Whilst having a little look on Right move this morning (in between hunting down the best Christmas bargains online) I came across this  three bed property on Caerphilly Road.It's just come on the market today with Reliant Estate agency for £275,000. 

This would be the ideal buy to let property, it's newly refurbished and it's in a perfect location to attract the right tenants. It's situated  in walking distance to the heath hospital and close to the major road links such as A48 and A470. 

In my opinion the property could achieve a minimum rent of £900 a month which gives a potential yield of around 4% -something for you to have a think about over the weekend!

http://www.rightmove.co.uk/property-for-sale/property-52281127.html

Forever Family Home on St Gowan Avenue

Good Afternoon all!

I came across this lovely 5 bed house which seems ideal for a forever family home situated near Heath Park and easy access to the M4.

It could perhaps need a little bit of modernisation so if you're looking for a project where you can make a house a home, this could be the one!

The house benefits from a large rear garden,big enough for those summer barbecues or that enormous trampoline the kids begged you to buy! For Mum and Dad you can relax in the large spar bath or perhaps enjoy a chilled glass of wine on the balcony.

Hatched estate agency have the property on for £365,000, you can check out more details here:

http://www.zoopla.co.uk/for-sale/details/38728996

Semi detached house on St Anges Road

Afternoon everyone!

Looks like we're in for a bit of a chilly weekend ! Fingers crossed for no snow!

This semi detached  property on St Anges Road caught my eye this morning whilst having a browse on Zoopla. Not just because it's beautifully presented with an immaculate garden but the fact it has a forth bedroom with an en suite!

It has two large reception rooms both fitted with feature fireplaces and also a large kitchen/diner over looking the beautifully designed and low maintenance garden.
It also benefits from having it's own driveway and garage.

Whether you're interested in a hassle free buy to let or a new family home, you wouldn't need to do a lot of work to this property- if any, as it appears to be in a lovely condition.

Cardiff Residential Estates currently have the property on for £325,000 and they are holding block viewings on Saturday 28th November.If it were me I'd make sure I 'd get a slot booked to view pretty sharpish!

http://www.zoopla.co.uk/for-sale/details/38683158

Heath Property Market – What has 2016 got instore for us?

I had an interesting chat with a Heath homeowner after he popped into our office for a coffee whilst his Wife was doing some Christmas shopping (that reminds me, I must start thinking about mine!). We got talking about the Heath property market and I thought other Heath homeowners and Heath landlords might be interested in what we discussed.

You see, property values didn’t stop dropping in Heath until February 2013, so after a strong run over the last 34 months, the ever upward drive of house price rises has started to turn with increases now at an almost standstill for the first time since the start of 2013. Now it could be said this easing of the housing market in Heath can be attributed partly to the time of year (last year property values in Heath stood still in November and even dropped by 0.1% in December), but it is obvious as with ourselves and other estate agents in Heath, we are wary about the direction of the market as a result of the not as strong demand and fewer house sales.

Interestingly, looking at the Land Registry data, 262 properties have changed hands and sold in Heath over the last 12 months, a drop from the preceding 12 months before that (2014), when 328 properties sold and 295 in the year before that (2013). The main indicators suggest that buyers will start to gain the upper hand. However, there are many homeowners who don’t need to sell and won’t bother unless it’s economically beneficial to do so, but most homeowners are homebuyers, so what they lose with one they gain with another.

For Heath landlords, things are looking good, especially for those looking to buy rental property with the changes in stamp duty in 2014 and earlier in 2015 the new rules regarding pensions, where you will be able to take money out of your pension pot to invest in property. However, at the same time, I would say don’t just buy any old property in Heath. First time landlords need to be cautious. The doubling of house prices every seven to ten years which has taken place since WW2 doesn’t seem to have been seen since the mid 2000’s. The property market is shifting with more properties being built and restrictions put on mortgage lending, the likelihood of the property market increasing at the same levels as the past are questionable.

If you’re looking for any advice on the heath property market, be it for sales or lettings, feel free to drop me an email or give me a call.

Three Bed Family Home in Heath

Good Afternoon all!

Let's hope this awful weather eases off soon so we can enjoy the Christmas festivities in Cardiff.

Today I've seen this beautifully presented 3 bed Terraced house located near the Heath Hospital. This perfect family home benefits from a spacious lounge with an open wood burning fire, perfect for cosy nights in front of the fire, especially on these cold winter nights! The garden also has views overlooking the Cardiff allotments, ideal for those who love a bit of gardening.

Peter Alan have the property on for £274,950.  I this would  be a lovely family home or alternatively a ready to go buy to let investment! I recommend a viewing sooner rather than later as it won't be long till it's snapped up.

http://www.zoopla.co.uk/for-sale/details/38660061

3 bed property on Caerphilly Road Heath

Afternoon all.
Hope everyone isn't having too much bad luck on this wet and stormy Friday the 13th!

Today I found a lovely townhouse on Caerphilly Road that I thought some of you investors might be interested in. This three storey property has three bedrooms and a spacious open plan kitchen/diner and further benefiting from a garage.

It's just come on with our friends over at Morgans for £229,950.

It's got great rental potential and in fact we have recently let a very similar property on the same road that let in the first week of viewing! How good does that sound? You should be able to achieve around £1000pcm, which will give you a yield of 5.2%.

Take a look a the rest of the photos on the link below.

http://www.zoopla.co.uk/for-sale/details/38618501

Three bed on Caerphilly Road, Heath

A solid three bedroom house has been listed for sale overnight, which I think would make a suitable investment property...

It’s on Caerphilly Road, Heath, a location popular with tenant as there are lots of shops and amenities on hand.

It is being offered for sale with Peter Alan, with no chain, the photographs show it to be presented well so it doesn’t look like much money (if any) will need to be spent on it. so if we work on the asking price of £239,950 - which I think is a fair price for this type of house, then consider the potential rent being around £950.00 pcm, you should be expecting a return of 4.7%!

http://www.zoopla.co.uk/for-sale/details/38620309

Townhouse on Heol Dewi Sant, Heath

Good Morning everyone - it looks like the rain is set to stay around for today!

While I was browsing through Zoopla this morning I spotted this town house on Heol Dewi Sant. While at a first glance it looks like any other townhouse on the St James Mews development, a look through the photos revealed a cabin in the garden that the current vendors have set up as a gym/spa - very nice!

It has just come on the market with Peter Alan at offers in the region of £240,000. It has had had the garage converted so offers four bedrooms.

This could either be a great family home or a good buy to let. It is located close to UHW so will attract a lot of the hospital staff looking for a nice professional rent. I think you would be looking to achieve a rental of around £1000pcm which will give you a yield of 5% which is not to be sniffed at!

Take a look at the rest of the photos here http://www.zoopla.co.uk/for-sale/details/38595782

Flat in Heathwood Court with a potential 5.4% yield

Morning All!

This well presented flat caught my eye this morning. It's a two bedroom first floor in the popular Heathwood Court. From the photos it all looks in pretty good condition so you shouldn't need to do much to  it all, if anything, to get it ready for new tenants. But this is not the reason it caught my eye..... it also comes with a single garage and parking space which will make it even more attractive to potential tenants.

It is on the market for £149,950 and similar 2 beds in the area are being letting for around £675pcm, so with a yield of 5.4% that's not bad at all.

http://www.rightmove.co.uk/property-for-sale/property-37445058.html#

Beaut of a Buy to Let on Manor Street, Heath

Good morning everyone it's a bit of a dreary day and it looks as though the rain is set to stay for today! So why not check out this little beaut of a buy to let deal to brighten your day…

It’s situated in the popular location on Manor Street which is just a stone's throw away from Heath Hospital and all the local shops and amenities on Whitchurch Rd.

It appears to be in great condition with no work required and ready for tenants to move in straight away! If your are looking for a hassle free buy to let then this could be exactly what you are looking for.

Three bedroom houses in the area are currently letting for around the £900.00 pcm mark (and flying out the door), which if you compare against the asking price of £229,950 that Mansell's are advertising it for,  could produce you an annual return of 4.6% which is not bad!

What are you waiting for, click on the link for more info….

http://www.rightmove.co.uk/property-for-sale/property-37285188.html