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Welcome to this week’s Property Deals Insight Newsletter: your source for UK property news, market updates and weekly deals. We include the latest articles and the most important stories on the UK housing market, buy-to-let and auction deals, and where to find bargain properties. 🏘️🔍
Our aim is to provide you with actionable news and content every week that you can use to strategically grow your business and find your next big deal.
Market Updates
There’s Still a Market – £28m Raised at Online Auction
Covid-19 might have put a hold on in-person viewings but that doesn’t mean that the market has suddenly dried up. Allsop staged its first online auction online, which raised £28m.
According to Allsop, “buyers focused on quality of location and security of income. London homes fared relatively well. Ground rents remained popular. Interestingly, development opportunities remained in demand. Pricing attractively will be absolutely critical to success over the coming months.”
Stage Set For Housing Market Bounce Back
The latest House Price Index paints a picture of ‘growing momentum’ in the market. Average house prices went up by 0.8 per cent in March; up from 0.3 per cent in February.
The annual rate of increase also went up from 2.3 per cent to 3 per cent – the highest annual rate of increase since January 2018.
The latest House Price Index paints a picture of ‘growing momentum’ in the market. Average house prices went up by 0.8 per cent in March; up from 0.3 per cent in February.
The annual rate of increase also went up from 2.3 per cent to 3 per cent – the highest annual rate of increase since January 2018.
Weekly Deals
Manchester: 4 Bed End Terrace House
This week’s bargain property is a 4-bed in Manchester that has been on the market for 2 years now.
It was first listed on the 2nd Feb 2018 for £275,000 but has been reduced by 22% to £215,000.
Below is a breakdown of the expected yield and cashflow on an average Buy2Let mortgage on this property.
Buy Refurb Sell
Liverpool: 4 Bed Semi-Detached House
This week’s buy-refurb-sell deal is a semi-detached 4-bed in Liverpool that is in need of a little modernisation to bring it up to standard.
It was first listed on the 10th of June 2018 for £270,000 but has been reduced by 11% to £240,000.
Below is a breakdown of the expected yield and cashflow on an average Buy2Let mortgage on this property.
Auction Listing
Bath: 3 Bed Semi-Detached House
This week’s auction property is a semi-detached 3-bed in Bath that has been heavily discounted since it was first listed.
It was first listed on the 31st Jan 2020 for £250,000 but has been reduced by 22% to £195,000.
This week’s auction property is a semi-detached 3-bed in Bath that has been heavily discounted since it was first listed.
It was first listed on the 31st Jan 2020 for £250,000 but has been reduced by 22% to £195,000.
Below is a breakdown of the expected yield and cashflow if you bought this property at the listed guide price.
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