Brexit has caused uncertainty across many
industries including the Buy to Let Investment Sector. Up to a third of
property investors have not invested since 2017 when the official Brexit
negotiations started.
The survey from Censuswide found that 60% of property investors have continued to invest since the 2016 Brexit referendum, others are thinking of investing and 17.1% are waiting until after Brexit before they invest again.
Most of the investors who took the survey
think that the buy to let market will recover strongly over the next 3-5 years.
However, there are opportunities to be found now. The uncertainty has created new below-market deals and although there is speculation as to what will happen to prices in the market with Brexit (or no Brexit) if you buy at the right price your investment should be protected.
As soon as the market starts to pick up
finding those below market value investments can be made more difficult.
No-one knows whether Brexit will happen
next month or not so the question for investors is how long are you planning to
keep your investment for?
If you’re looking at 5-10 years on your buy to let investment, then why not invest now and start delivering returns?
We have some great deals and investments. Check out our latest blogs for great investments in Sheffield and Bradford.
Sheffield
Bradford
Sign up for the latest deals and more to our Investor mailing list – Click Here
Knight Knox’s latest development, located at the strategic heart of the country in South Yorkshire. Sheffield is known nationally and internationally for its highly skilled workforce and quickly-growing business sector.
Sheffield is at the heart of the Sheffield City Region – the UK’s most centrally located region – and is one of the UK’s core cities which helps to drive the national economy.
More than 2.1 million people live within a 60-minute commute of Sheffield and provide a highly skilled workforce for the city’s world-class businesses and industries.
The Development
The 131 apartments at Great Central are spread over eight storeys and wrapped around a large landscaped courtyard. Private car parking is available on selected apartments and all residents will have access to secure bicycle storage.
Every apartment is designed to be bright and airy, and the large living spaces really set Great Central apart. Residents will benefit from a state of the art fitted kitchen and a modern bathroom, with some apartments also enjoying large balconies.
With a mixture of studio, one, two and three-bedroom apartments, Great Central is sure to be in high demand with renters. Each apartment will be fully furnished with a stylish finish. With Sheffield’s renaissance in full swing, Great Central is sure to be popular with the many people looking for high-quality accommodation in the city.
131 apartments split into studio, one, two and three-bedroom.
Balconies with city views
Private landscaped courtyard for residents
Secure cycle storage and 20 parking spaces
Located next to the trendy Kelham Island District
Prices from £90,000
25% on exchange plus 50% furniture, 10% 6 months after exchange (remaining 50% of furniture), remaining balance payable on completion
Developed by Qualis Developments, and managed by Intus Lettings
The Figures – Rent & Sale
Studios: £425 – £500 pcm (Update: Studios SOLD OUT)
One bed: £500 – £600 pcm
Two beds: £650 – £750 pcm
Three beds: £850+ pcm
Studios: £90,000 (Update: Studios SOLD OUT)
One bed: £95,000 – £120,000
Two beds: £150,000
Three beds: £250,000 – £280,000
Great Central – where is it?
8-minute drive/15 minute walk to Sheffield city centre. Approximately 0.7 miles
Just a 5-minute walk from the Kelham Island area
Located opposite a charming waterside pub!
Less than a mile from Sheffield’s lively city centre and next to the vibrant Kelham Island, the city’s residential hub for young professionals, Great Central’s location is unrivalled and will offer tenants a high-end urban lifestyle near the banks of the River Don. There is a great range of amenities close to the development, as well as a popular local riverside pub and restaurant opposite, which offers stunning waterside views.
Growth
The proposed Sheffield Devolution Deal would give the region £1.3bn to spend within the region to improve infrastructure, transport, housing, skills and other drivers of the local business growth which powers the economy.
The Sichuan Guodong Construction Group (China) has committed to investing £1bn into Sheffield over the coming decades in a bid to change the face of the city centre.
The Olympic Legacy Park will provide a place for approximately 3,000 people to work, learn and research.
Development of a new Retail Quarter. This £480m development will create significant amounts of retail and office space, including regional headquarters for HSBC which is the anchor tenant for the scheme.
The Construction
A great development and opportunity for investors. There has been a lot of interest in this development.
If you would like more information please contact us. Click Here
All apartments in the project are spacious, with the clever use of natural and electrical lighting, the apartments are light and airy, providing truly special homes. Communal areas will be provided, including a games room, common room, lounge and gym.
Apartments are available for just £49,000
The first stage of apartments are now completed and the remainder will be ready by October. Due to being a conversion, everything is new and covered by warranty, therefore no maintenance issues are expected.
The University
As well as a
world-renowned university, Bradford campus also has a college, student village,
Fieldhead Business Centre and Listerhills Science Park.
Bradford
University enrolls 11,000 students annually and there is a shortage of good
quality student accommodation in the area.
Bradford
University is ranked 7th in the UK for Graduates Employment, many of these
students chose to remain living in the city. As well as the broadcasting
industry, the University has strong links with local business and offers
courses which lead directly to qualification in a job, such as healthcare
courses.
The Area
Bradford is a
city of 350,000 and is situated in West Yorkshire, on the edge of the Yorkshire
Dales National Park.
Bradford has
several major employers, with many national companies making the city their
home; including Morrisons, Yorkshire Building Society, Yorkshire Water,
Santander Bank, JCT600, Safestyle UK, Hallmark Cards, Provident Financial and
Seabrook Crisps.
Bradford is home
to 2 FTSE companies, more than any other Yorkshire City.
The City is
served by the M62 and M606 motorway, along with 2 City Centre Train Stations
and a bus interchange linking Bradford to other parts of West Yorkshire and
beyond. Leeds-Bradford International Airport lies to the north east of the
city, giving international air links, as well as being home to Jet2 Airline.
Bradford has
experienced great gentrification, with £75 million being awarded to the town, a
number of City Centre iconic Buildings have been restored, the central £25
million “Bradford City Park” attracts visitors from across Yorkshire, the
National Science and Media Museum brings visitors from across the UK and
beyond.
The economy in
Bradford is strong; once an industrial powerhouse now experiencing growth as
part of the Northern Powerhouse, the economy is worth £9.5 billion, the 2nd
largest in West Yorkshire, after Leeds. The economy in the wider Yorkshire
region grew by 3.03% in the 12 months of Q2 2018 – Q2 2019.
The Numbers
Apartments are available for purchase at £49,000. They will rent out at £100 per week.
Expected yields are between 8-10%. No sourcing fees!
A great investment opportunity.
If you would like more information, please contact us here.
A different format for PPN this month to give you even more!
This is your opportunity to kick-start/reboot/hit the ground running after the Summer holidays.
Whatever you’re doing in property, this event has experts that you can speak to directly, and not just for 5 mins at the end of the night.
Buy-to-lets, property finance and lettings are just some of the topics you can quiz experts in. And, if that’s not enough, you will have the opportunity to switch experts and learn even more.
I’ll be one of the Masterminds at this event covering Sourcing, Buy to Let and much more.
Imagine the impact you could have on your business if you just got the answer to your biggest challenge right now and how much you could get done before the end of 2019 by taking action right now.
Full details of who’s coming to Sheffield will be released on the PPN Page.
Tickets to this event are limited because as only a few people can sit with each expert, so do yourself a favour and secure your seat with an expert now!
Landlord’s Rent Protection Insurance also referred to as rent guarantee insurance, guarantees you receive your rent should your tenants be unable to pay. It helps when the unexpected occurs.
Rent Protection Insurance covers missed rental payments, cost of eviction, void periods, post-eviction and includes cover for Legal Expenses.
If you’re a landlord who depends on the monthly rental income to pay the mortgage on your properties, or for other reasons, this type of insurance can be useful.
Do I need Invest Leeds Rent Protection?
Rent Protection with us can give you peace of mind once you have let your property to a tenant. It has been designed to provide you with some added protection when you are renting out your properties to tenants.
Why should I join Invest Leeds Rent Protection?
Even the best tenants can have their circumstances suddenly change, resulting in them no longer being able to pay the rent.
Whether you’re relying on the rent to cover the cost of the mortgage on your buy-to-let property or you’re letting to new tenants, Rent Guarantee ensures you can still receive your rental income.
We make sure all tenants pass Invest Leeds Referencing.
Referencing is required for each tenant named on the Assured Shorthold Tenancy Agreement and for the full rent outlined in the agreement.
How do I qualify for Invest Leeds Rent Protection?
Our Rent Protection is available on properties we manage. Simply place your property with us and we can offer you our exclusive Rent Protection.
*Invest Leeds Rent Protection is not available as a stand-alone product.
Landlord’s Rent Protection Insurance also referred to as rent guarantee insurance, guarantees you receive your rent should your tenants be unable to pay. It helps when the unexpected occurs.
Rent Protection Insurance covers missed rental payments, cost of eviction, void periods, post-eviction and includes cover for Legal Expenses.
If you’re a landlord who depends on the monthly rental income to pay the
mortgage on your properties, or for other reasons, this type of insurance can
be useful.
Do I need Invest Leeds Rent Protection?
Rent Protection with us can give you peace of mind once you have let your property to a tenant. It has been designed to provide you with some added protection when you are renting out your properties to tenants.
Why should I join Invest Leeds Rent Protection?
Even the best tenants can have their circumstances suddenly change,
resulting in them no longer being able to pay the rent.
Whether you’re relying on the rent to cover the cost of the mortgage on
your buy-to-let property or you’re letting to new tenants, Rent Guarantee ensures
you can still receive your rental income.
We make sure all tenants pass Invest Leeds Referencing.
Referencing is required for each tenant named on the Assured Shorthold Tenancy Agreement and for the full rent outlined in the agreement.
How do I qualify for Invest Leeds Rent Protection?
Our Rent Protection is available on properties we manage. Simply place your property with us and we can offer you our exclusive Rent Protection.
*Invest Leeds Rent Protection is not available as a stand-alone product.
Leeds City Council voted to approve the plan to introduce Selective Licensing for parts of Leeds. From January 2020 landlords will need to apply for a license to privately rent out a property in Beeston & Harehills.
The majority of residents who took part in consultations were in favour of them being introduced but myself and the majority of Agents and Landlords were opposed to the scheme as ultimately the costs will be passed onto struggling tenants.
Landlords who let a property without having a licence would be committing an offence and could face an unlimited fine or a civil penalty of up to £30,000.
I was recently invited onto to Radio Aire to discuss Leeds Selective Licensing:
“Landlords are already feeling the financial drain that new legislation has brought in, and this is just going to make it worse”
“Most landlords will add it to the rent, they’ll put the rent up by £12 a month or £3 a week.
“There are already a lot of powers that the council have got, for example, the Leeds landlords accreditation scheme. I think a good solution would be to make it mandatory for people to join that instead of stamping a hefty license fee. Tenants will be the ones paying for it.
Leeds City Council is going to introduce selective licensing in parts of Leeds including Beeston (Leeds 11) and Harehills (Leeds 9) which have the highest ratio of tenanted property in the city. There are approx. 14,000 properties within the zone.
Enshrined in Law
Leeds Selective Licensing is enshrined in the Housing Act 2004 although local authorities were given discretion to apply it only to certain areas.
The proposed cost will be £825 per property, equivalent to £3 a week. The Council are describing it as a “one-off” fee but the licence will only be valid for 5 years.
The council have stated that they will not
profit from the scheme and any surplus will be refunded. I believe any refunds will be unlikely.
What are the differences between the Leeds selective Licensing Scheme and HMO Licensing?
The same rules apply when granting a
Selective Licence as with an HMO licence.
The main differences are:
It is mandatory to take up references for a prospective tenant before letting a property subject to Selective Licensing.
Unlike HMOs, the licencing authority does not have to consider suitability for letting or amenity standards when granting a selective licence. However, the licence holder must still be a fit and proper person.”
Over 50% of homes in the designated areas are private rented. This compares with 15% in 2001, so there is an ever-increasing demand for housing to be inspected and of good quality. The Leeds City average of houses belonging to the private rented sector is 21%
What do Leeds City Council Say about Selective Licensing
The Council are saying there was a low take-up of the self-regulation via their accredited landlord scheme, so they are looking into what else they can do to get landlords to improve standards of living and in turn hopefully improving crime, low levels of education, high unemployment and the health of people living in these areas.
So far, 94% of landlords and 100% of agents
have been against the proposals, they believe bringing in selective licensing
will do the following:
Pass the cost on to tenants via
increased rents
Lead to increased homelessness
and empty homes
Lead to further poverty in
these areas
Invest Leeds believe something needs doing
about the state of some housing in these areas and across Leeds as a whole, we
recently viewed one property with frogs in the basement, excessive damp,
unrepaired broken windows and the only cooking facilities were a microwave in
the shower!
Two people were living in this property as an HMO and one of the tenants had been refused access to his daughter overnight as he was considered not to be living in adequate accommodation. He is scared to report the issues for fear of being evicted.
We also believe licensing is not the way to improve standards.
The council already have a lot of powers to make landlords improve the standards of their properties, including placing an order on a property to improve and comply within 28 days. If this doesn’t happen then court action follows.
Invest Leeds agrees that with landlords
already feeling bruised by the introduction of Section 24, increased SDLT and
other measures, that forking out £825 is not a sensible approach and maybe a
good alternative is to enforce landlords to join the accredited landlord scheme
instead, this way, support can still be given to improve and enforcement is an
option for refusing to comply.
Invest Leeds also want to state that we
work with many landlords within these areas and they provide very safe, modern
and compliant properties that their tenants turn into their home.
And here is my recent interview with Radio Aire on Selective Licensing
Jo Fox
Invest Leeds
If you want to rent your property out with a Leeds Letting Agent who is famililar with the licensing laws, then click here Leeds Landlords
And if you want to sell your property in the licensing areas, then we always have investords waiting for the right deal – so post your property now Sell your home in Leeds
Join her at 12.20pm on Friday October 4th in Room 6.
She will be taking you through the benefits of investing in Leeds and the surrounding areas where yields of 10% and ROI’s of 25% are common place.
This is the most comprehensive exhibition of UK & International residential property and services.
About The Show
The UK’s premier property expo is the “MUST ATTEND” event for anyone serious about making money from property investment. As always the show is FREE to enter.
It is the ideal place for networking, obtaining reliable and up to date property market information and, of course, property to buy. It is designed to cater for all levels of property experience – everyone from the novice to the seasoned investor will find an answer to their questions.
With 125+ exhibitors expected and approximately 75 seminars, presentations and panel debates scheduled, you can identify the expertise and advice you need to make the right decisions on your specific area of investment interest.
Approximately 25% of the floor space will be dedicated to International property and provides the opportunity to compare established overseas markets such as USA, Cyprus & Portugal with emerging/newer/long-haul locations e.g. New Zealand, India, Dubai, Cape Verde, The Gambia & Nigeria. International agents and developers will be present alongside specialists who can advise on the process of buying, selling, and even moving overseas.
Show highlights will include …
Residency thru Investment
At last count, 23 countries from Cyprus to Singapore offered some kind of investment residency or citizenship scheme and more are being created with similar programmes proliferating across Europe. Almost half of all EU member states now offer some form of investment residency or citizenship programme – and of course, the USA offers its EB-5 programme.
Landlord Live
Every year since 2002, this show has witnessed the largest single gathering of Landlords at ANY property event staged in the UK – creating, by default, the ultimate Landlord forum. The typical visitor owns 4+ properties (35% own 10+ properties).
Mortgage, Lending & Finance
Veteran and novice investors can discuss a range of purchase, bridging and refurb’ loans from a broad range of ‘High Street’ and specialist lenders – including several crowdfunders.
Innovation … What’s New?
A rapidly emerging sector in the Technology space, the methods by which property is handled, managed and experienced are undergoing something of a revolution. And it’s not just the mushrooming of online estate agency – many other aspects are ripe for a technological overhaul.
Property Development Finance
The last 2 years has witnessed a marked increase in development amongst BTL investors. Projects may vary in scale from cosmetic refurbs to complex re-builds … but most require finance. Meet the specialists at this show.
Direct from the Developer
As the name suggests this show feature offers a unique opportunity to meet and negotiate directly with a range of leading developers. The list includes several big names from the North & South of England.
HMOs
HMO investments – and the high net rental yield potential they offer – have been rapidly growing in popularity among investors in recent years. This year’s show will include representation from several of the UK’s HMO experts.
Nigeria Invest
The ONLY UK showcase of property froma selection of African countries presented in the UK this year will present a mix of residential and BTL property from a selection of leading developers and agents.
We are pleased to be one of the approved agents for selling Arthurs Fold, Leeds latest sought after new development. Building has started and completion will take place in 2019.
Arthurs Fold is named after the architects Grandfather and is right opposite The Granary Wharf, so minutes walk to the train station and right in the heart of the South Bank regeneration zone. For those not familiar with Leeds, there could not really be a better and more central location for modern luxury living aimed at the young professional rental market who have high expectations.
The developer is offering 10% discount, but I have negotiated you an additional 8%, so currently 18% BMV and in addition to this, there is expected capital growth of 4% in the next 12 months, meaning 22% discount by the time of completion. The developer is guaranteeing rent after completion, so this is a totally hands off investment experience if you want that. You could of course sell on the apartment after completion of the build and get your 18% equity plus capital growth, or refinance to get your money back.
This is an excellent development I am so excited about - I am buying one myself.
Please hit reply for further details, 34% of the apartments are reserved already and we have more hot leads to follow.
No sourcing fee.
This is a development by Aspen Woolf, who create beautiful developments in the North of England.
