Thursday 15 December 2016

Wirral Property News - December Special

Wirral Property News

December Special

Hello and welcome to our first Wirral Property News blog for all Wirral housing and property issues. We hope you enjoy these monthly Blogs and find them informative. If you wish to have anything included, then please email us at info@baileyandstaples.co.uk

Monthly Wirral Fact File
As a property nerd and someone who spends a great deal of time hunting, researching and delivering potential property deals to fellow investors I occasionally like to reflect and think what it is I’m trying to achieve and how my services can enhance the lives of those who reside in the Wirral.

Wirral itself has a lot of interesting facts that you may or may not know. Wirral peninsula despite its small size boasts some 1900 listed buildings, 215 churches, 50 towns and villages, 25 conservation areas, 9 scheduled ancient monument sites, 8 sites of scientific interest, 10 lighthouses, 5 nature reserves, 4 windmills, 4 historic parks, 2 watermills, 1 castle and 1 fort.(wirralwide.blogspot.com)

With Wirral bagging 1st, 8th and 9th of the top 10 postcodes to live in the UK, published in the daily Mirror last year. Wirral has a great deal to offer out of the area investors and homeowners alike.

So what makes a desirable place to buy and live? According to thisismoney.co.uk there are various factors involved in determining house prices and just being located on a tree lined street could bag the vendor an additional £4,700 on the asking price. Other factors included where location to high achieving schools, well maintained gardens, market towns potentially increased house prices by an additional £25,000. Living on a hill can also see homeowners doubling their asking prices to neighbouring roads.

Why Bebington?


The properties have character and are value for money in comparison to properties of the same size and style in other areas of the country. There are several highly rated schools nearby and the train station with regular trains to Liverpool and Chester only a matter of 15 minutes ride away. With the addition of several green spaces around and many tree lined roads, you’d be onto a winner if manage to bag yourself a lovely 3 bed semi for £170,000.
Click the link below to bag yourself a lovely Bebington property
A downside to being a popular place to live is that when all the tax changes come into play many landlords will have no alternative but to either sell or up the rent on their rental properties. Thus leaving tenants in a vulnerable position and potential increase in homelessness in the area. There is already huge competition for rental properties and with an ever increasing rental generation who are working professionals housing benefit tenants will fail to even be considered for the property in question. Where are people supposed to live when they are in this situation? 
I don’t have an answer to this question but I would like to support tenants, landlords and purchasers alike in the whole process of selling, buying and renting the property afterwards. Bailey and Staples will be bridging the gap between investors and tenants in the hope that we can bring affordable and versatile accommodation available to all. With low management and tenant fees we hope this enable landlords to make a profit and tenants to find more affordable housing.
What to expect in 2017 according to Rightmove
Sales
   In November price of property coming to market falls by 2.1% (-£6,511), exactly in line with seasonal average of last six years
  Rightmove forecasts 2% house price increase in 2017, the seventh consecutive year of rising prices:
  Buoyant November indicates upwards price pressure going into next year, though tempered by ongoing uncertainty and increasingly stretched buyer affordability
  Demand up in November 2016 compared to 2015: website visits up by 9%; sales agreed up 5.2% nationally and up in all regions except London
  Supply still tight with new listing numbers up by just 2%, and available stock for sale per agent down 5%
   Rentals
   According to Rightmove Buyer enquiries from potential landlords and investors are now up 30% since May, following a short-term dip as additional stamp duty changes came in on April 1st
   New rental listings this quarter are 6% higher than in 2015, allaying concerns that the drop in investor activity would lead to less choice for tenants
   Asking rents continue to fall in London, down 0.7% on last quarter, with the North West the highest riser across Great Britain, up 2.0%
   Property Location of the Month
 
   Knaresborough Road, Wallasey with views to die for!
 
Upcoming events
       We are looking to start our very own Wirral property support group meet up every month for anyone and everyone who has an interest in property related issues on the Wirral. for more information please visit and join our new Facebook group Wirral Property Investors, Landlords & Sellers - Support/Info/Deals
Investment property
Direct to vendor deal coming January 2017
3 bed Semi-detached property in Moreton
PP £82,000
Resale £110,000
Works £4000
Fee £2000
To register your interest please contact 0151 364 5652 for more details
Final thought
Wishing all of you a very merry Christmas and a prosperous new year, please look after any vulnerable or elderly neighbours this winter season, community spirit makes all the difference
 
 
 
 
 
 
 
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