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2,115 New Listings Last Week
Product Update
Identify High Yield Hot Spots
In this edition, we are giving you an exclusive first look at our UK property heat map.
It will show you all the high-yield areas in the UK which you can filter by the number of bedrooms, average sales price and rent price!
We are going to integrate it into the Property Insights dashboard soon which will lock it off from non-members.
So go check it out, while it’s still open to the public.
Market Updates
Virtual Viewings Here to Stay, Government Urges in New Guidance
“The process of finding and moving into a new home will need to be different given those involved in the process will have to adapt practices and procedures to ensure that the risk of spread of Coronavirus is reduced as far as possible” says the new government guidance document.
“This will include doing more of the process online, including virtual initial viewings” it went on to say.
Virtual viewings can help give you an idea about the condition of the property but what about its value?
With Property Insights, you can instantly generate an accurate property valuation report for any UK property in less than 5 minutes!
Combine that with Deal Finder’s ability to source properties tailored to your investments strategy and you’ll have everything you need to best business decisions during this period
House Hunting Activity Increased by 45%, says Rightmove
The surge in pent-up demand that many within the industry had predicted would take place once the housing market re-opened has become a reality.
Rightmove says its website experienced a 45% jump in visits last week following the government’s announcement on Tuesday that people could move home once more.
The portal also says email enquiries about viewings increased by 70% and that agents listed 2,115 new properties during the first five hours of trading yesterday.
Property Insight
Nottingham: 3 Bed Semi-Detached House
This week’s property valuation is a semi-detached 3 bed in Nottingham with an estimated value of £109,973 and an estimated rental yield of 6%.
Below is a snapshot of the valuation we got when we entered the property’s details into our valuation engine:
With Property Insights you’ll also get:
– Cash Flow analysis and B2L analysis
– Details of Similar Properties
– Flip Analysis and ROI calc
– Rental Comparison
– Recent Sales
Deals of the Week
Repossession
This week’s repossession deal is beautifully presented 2 bedroom duplex flat in Liverpool.
It was first listed on the 17th of June 2019 for £89,950 but has since been reduced by 8.28% to £82,500
Below is a breakdown of the expected yield and cash flow on an average Buy2Let mortgage on this property.
Buy Refurb Sell
This week’s buy-refurb-sell deal is a 1 bedroom top floor retirement flat in need of full modernisation in Hern Hill.
It was first listed on the 8th of Feb 2018 for £335,000 but has since been reduced by 33.7% to £221,999.
Below is a breakdown of the expected yield and cash flow on an average Buy2Let mortgage on this property.
Bargain Deal
Greater Manchester: 4 Bed Semi-Detached House
This week’s bargain property is a 4-bed semi-detached house in Greater Manchester with a projected gross rental yield of 14%.
It was first listed on the 3rd of Sep 2019 for £160,000 but has since been reduced by 9.38% to £145,000.
Below is a breakdown of the expected yield and cash flow if you bought this property at the listed guide price.
