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