ISSUE 2

Property Investment Division

Buying to let - a route to funding retirement

investment-team@beresfordsgroup.co.uk Tel: 01245 397497

CHELMSFORD

Welcome to our latest property supplement, which focuses specifically on the local buy to let market. Demand from tenants continues to outweigh supply and as a result rents are increasing which can only be good news for Landlords. Many people are now opting to become tenants and rent long term in preference to owning their own homes. In 2006 there were 2.4 million homes across the UK in the private rental sector. In 2011 this had increased to 4.2 million and by 2021 it is projected to rise to more than 7 million. Remember every rented property will need to be owned by someone and the rent paid by a tenant can provide a Landlord with a regular source of income. Furthermore should property prices increase over the long term then there is a potential gain to be made as and when it is eventually sold. These two aspects combined should be of particular interest and benefit to anyone who may be thinking of retiring in 10 to 20 years time. Without adequate financial provisions in place, many will be faced with the worrying prospect of having to work well into their late 60’s and early 70’s, more through necessity rather than choice. However the regular income and Capital Growth potential that buy to let properties can generate could provide their owners with more flexibility in terms of when they are able to retire and how they fund their lifestyles during their latter years.

Luxury one and two bedroom apartments, all currently tenanted on ASTs. Within easy reach of station with excellent links into London. Prices from: £160,000 - £210,000 Projected annual rent: £8,000 - £12,000 Anticipated gross yield: 5.2% - 5.7%

BRENTWOOD

Beresfords offer free advice to anyone thinking of acquiring their first buy to let property and also assist existing landlords looking to increase their portfolios. For more information call me personally on 01245 397497 or email investment-team@beresfordsgroup.co.uk

Steven Bond, Managing Director Beresfords Residential Lettings and Investment Divisions

Three bedroom top floor apartment finished to a high specification. Close to Brentwood Station with links into London and local amenities. Asking price: £175,000 Projected annual rent: £11,000 Anticipated gross yield: 6.3%

For further information contact Beresfords Property Investment Division by email: investment-team@beresfordsgroup.co.uk

HORNCHURCH Currently two bedrooms, this apartment could be converted to create a further bedroom. Located just a few minutes’ walk to High Street and Station. Projections based on three bedrooms

Asking price: £155,000 Projected annual rent: £10,800 Anticipated gross yield: 7%

COLCHESTER One bedroom apartment located close to the University and Hythe Station. Popular location for students. Excellent annual returns close to 8% Asking price: £75,000 Projected annual rent: £5,940 Anticipated gross yield: 7.9%

Investing made easy! There are lots of people who have a keen desire to invest in property but have insufficient time to devote to such ventures.

HORNCHURCH Large one bedroom apartment situated in a popular location. Good condition and offers excellent rental yields. Asking price: £124,995 Projected annual rent: £8,400 Anticipated gross yield: 6.7%

Our dedicated Property Investment Team play a crucial role in assisting clients secure buy to let properties by dealing with everything on their behalf. We will source suitable properties and negotiate an acceptable purchase price on a client’s behalf. The transaction will be progressed through to completion and then released into the market for rent. Once suitable tenants are secured, stringent credit checks and referencing will be initiated and we will deal with any issues that may arise during the tenancy. This service allows our landlords to get on with their own lives, whilst enjoying the financial rewards provided by their property investments.

For further information contact Beresfords Property Investment Division by email: investment-team@beresfordsgroup.co.uk

Capital Growth potential - Just look to the past! There will always be speculation about whether property prices will rise in the future. Although none of us have a crystal ball, it’s fair to say that bricks and mortar have held up pretty well in the past.

RAINHAM Three bedroom house within walking distance of Elm Park Underground Station. Double glazing and off road parking. Asking price: £219,995 Projected annual rent: £13,200 Anticipated gross yield: 6%

Here are some interesting statistics for you to think about! According to Land Registry, the average selling price of all properties sold within Essex in 1995 was £66,497. By 2011 the average selling price had risen to £138,802 – more than double what it was some 16 years earlier. In Greater London it was £92,552 in 1995 and by 2011 £229,436 - an increase of more than £136,000, up 147%! Unquestionably some pretty good Capital Growth potential for any Landlord that may have purchased a buy to let property back in 1995!

BRAINTREE One bedroom apartment within easy reach of Town Centre and Station. In good decorative order throughout. Asking price: £80,000 Projected annual rent: £5,400 Anticipated gross yield: 6.7%

COLCHESTER One bedroom duplex apartment with tenant currently in residence. Prime location, just a five minute walk to Town and Station. Asking price: £84,995 Projected annual rent: £5,700 Anticipated gross yield: 6.7%

Don’t just take our word for it! “Buying investment properties had always been on the agenda but running my own business didn’t leave me much time to devote to such ventures. However, when I met with Beresfords Investment Team I felt comfortable that with their support I could achieve my aim of becoming a Landlord. They found me a number of suitable properties, one of which I now own and another that I am in the process of buying. Beresfords arranged suitable funding, surveyed the properties and found tenants for the first property within a few days. They now manage this on my behalf. Generally I have little involvement, leaving them to deal with everything. This allows me time to focus on running my own business whilst at the same time building a decent property portfolio”. Chris Rundle Smarden, Kent

COLCHESTER Two bedroom top floor apartment offered in good decorative order throughout. Close to Station and shops with lounge, fitted kitchen and two parking spaces. Asking price: £180,500 Projected annual rent: £6,600 Anticipated gross yield: 6.1%

Exclusive buy-to-let mortgage rates! As independent mortgage advisers we are able to source products from the whole of the market. What’s more we do not charge a fee for this service and can often secure products that are not open to the public direct! Here is a selection of our current best rates*:

Trackers from 1.99% (APR 5.1%) Fixed from 3.39% (APR 4.4%) Variable from 3.99% (APR 4.2%) 5 year fixed from 4.59% (APR 5.2%) * Rates correct at time of going to press.

For further information contact 0800 389 9986

COLCHESTER Well presented two bedroom apartment within walking distance of shops and Station. Modern décor throughout, double glazed and parking.

Asking price: £122,950 Projected annual rent: £7,140 Anticipated gross yield: 5.8%

Property Investment Division

For further information contact Beresfords Property Investment Division by email: investment-team@beresfordsgroup.co.uk