Residential Estates Property Investments Newsletter April 2023

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New to property investment? Avoid these common mistakes!

If you’re new to property investment, it’s important to be aware of the common mistakes that beginners make. From not doing your research to not having enough capital, there are a range of pitfalls to avoid when investing in property. In this blog post, we’ll look at some of the most common mistakes when it...

Property blogging is just one of the ways we keep you up to date with what to expect in the ever changing climate.

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Bank of Englands Agents’ summary of business conditions - 2023 Q1

The Bank of England has released their Agents’ summary of business conditions for Q1 2023, you can read..

PROPERTY OF THE MONTH

This months property highlight is the wonderful Axiom. Originally a police station from the 1970s, the site is being tastefully converted into high-quality, purpose-built student apartments that are perfectly suited to those studying in the local area. From premium student property brand, Abode Student, Axiom will consist of 161 studio apartments, each one furnished to a high standard. Residents at Axiom will also benefit from an unrivalled selection of amenities; ranging from a state-of-the-art gym to communal lounges for the students to relax and socialise with each other.

Developer: Abode Student

Based in North Cheshire, with over 35 years’ experience in building and converting prestigious properties, Abode is the design force behind many of the region’s most attractive developments. They have developed several large successful student developments.

Investment Highlights:

• Completes September 2024

• Luxury Studio Apartments

• GUARANTEED 8% 3yrs NET Yield

• Prices from £79,999

• 3% Interest on Deposited Funds

• Fully Furnished (No TV)

• Superfast WiFi

• Communal Lounge & Gym

• PBSA Student Property

• 125 Year Leasehold

• 161 Units Available

• Rental Guarantee for 3 Years

Management Company

Homes for Students – A very experienced student management company with a portfolio of over 10,000 bed spaces across the UK. Having recently taken over Urban Student Life, they now manage over 400 apartments in the Staffordshire area.

Developers offer:

Limited Offer for the next 30 sales

• £5,000 off listed purchase price

• 8.5% NET Rental Yield (on the new purchase price)

• 5years Rental Guarantee Period (Up from 3years)

• 4% Interest on Deposited Funds (Up from 3%)

For more details on Axiom Click HERE

“MyexperiencewithResidential Estateshasbeenexcellentfrom starttofinish. Theentireteamhavebeenvery helpfulandprofessional.! Ican hardlybelievehoweasyandstress freethewholeprocesswas. A fabulousservice-THANKYOU”

The Spring BudgetSummary

On 15 March 2023, the Chancellor, Jeremy Hunt, addressed Parliament with details of the government’s Spring Budget. It didn’t contain a great deal that would directly affect property investors but some of the measures that it contained could have knock-on effects.

Perhaps the most salient of these was the decision to extend the Energy Price Guarantee to June 2023. It won’t actually improve things for investors, per se, but without that decision, market conditions could have been considerably more difficult over the next three months. Essentially, what the decision means is that energy prices won’t rise so high as they otherwise would have done.

Ordinary households have already seen their finances tightly stretched, but by preserving at least a small proportion of their disposable incomes, the measure should leave a little more money circulating in the economy. That, in turn, could support modest, longerterm growth in rental and capital values. Funding announcements were the other key feature of the Budget. They included the establishment of new ‘Innovation Zones’ that are likely to drive accelerated economic growth in certain British towns and cities. The recipients of the funding haven’t yet been announced – money will be allocated in response to bids – but wherever they are established, local economies, employment and returns on property investment are all likely to improve. A case of “watch this space…”

The same will almost certainly be true of the £20 billion of funding ringfenced for carbon capture and storage projects. Again, no formal announcement has been made, though the principal beneficiaries are expected to be North Wales, Merseyside and the Yorkshire coast. Significantly, however, no money will be released before the next general election. Other notable spending commitments included £400 million for ‘Levelling Up’ partnerships, £200 million for urban regeneration projects, and an estimated £160 million for projects to be delivered by the UK’s various mayoral authorities.

Of more immediate significance was the Office for Budgetary Responsibility’s inflation forecast, which accompanied the Budget. It said that the Consumer Prices Index (CPI) “is expected to fall sharply to 2.9 per cent by the end of 2023, a more rapid decline than we expected in November.” This matters to investors because if CPI falls, the Bank of England could be more likely to start to reduce the base rate of lending, which would mean lower mortgage costs next year and beyond.

For many landlords, a much less palatable announcement was the Chancellor’s confirmation that corporation tax would rise to 25% (up from 19%), which returns the tax burden to levels last seen in 2012. The change came into effect on 1st April 2023.

Overall, however, this was a Budget aimed at restoring stability after many months of both economic and political chaos. Given the limitations on the government’s spending power, radical spending commitments were never likely. However, if the Budget succeeds in nurturing some level of calm and predictability, then that at least will be a welcome result.

“Fantasticinsupporting methroughoutmy journeyasafirsttime propertyinvestor. Itrulyvalueallthe advicegiven,andIfully recommendResidential Estatesforthosenewto propertyinvesting.”

- Emma

Liverpool

Turn to any property investment publication these days and you’ll undoubtedly find ...

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Preston

Preston

most rewarding...

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Location Guides

Residential Estates have compiled several resources and guides to property investment locations set for growth in 2023. These guides offer property investors an in-depth insight into each area and what potential growth each area can offer for investors, as well as considering the different types of investment property available.

Each guide will contain a detailed look into the following factors in regards to each region: the local economy, regional inward investment, current developments available, the principal growth sectors, the local housing market and regional investment predictions for 2023 and beyond.

Search All Location Guides Here

stands alongside better known cities such as Manchester, Liverpool and Birmingham as one of the country’s

PULSE ON PROPERTY

Webinar

This months webinar will once again be a fantastic insight into what we can expect for the world of property in 2023. If you haven’t watched our previous episodes, don’t worry, we’re now available to listen when ever and where ever you like, just search for Pulse on Property on Spotify, Amazon Music, Google Podcasts and YouTube.

Our property experts, the ever dashing Jason, Paul and Michael Johns explain the hard-hitting facts and figures about hot spots, along with some of the more down to Earth figures and what to expect from your investments. This month they will also be joined by Nick Ponty or Arc Property. A portfolio landlord based in Glasgow, who manages 180 properties around the city, and co-host of the Scottish Property Podcast, a weekly podcast focussed on keeping property investors informed and educated on the Scottish property.

If you have any questions relating to any aspect of property then be sure to join us! We’d love to answer your questions live for you, be part of our discussion and get real time views, stats and opinions about the areas you want.

If you would like to sign up for our free to watch webinar on 25th April, theres still time! Please click the link below to find our signup page.

The property podcast that answers your questions

MORE UPDATES

We’re on Whatsapp

We have opened our exclusive VIP property community on WhatsApp. To join and be the first to know about new upcoming investment opportunities, below market value opportunities, exclusive offers and more, please follow the link below.

Ricky Walden

Residential Estates wish Ricky Walden the best of luck as he takes part in the Cazoo World Championship Qualifiers on the 8th April, and as reported in the Metro last week, hopefully he will move onto the full Championship from 15th April onwards.

Guestz.co.uk

We have an exciting rebrand coming soon to showcase all our popular short term lets in one easily accessable location! Further information on STL management or to book your next UK break contact us on:

01244 343 355 reservations@residential-estates.co.uk

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PoP Podcast

All our webinars are now available to play on Spotify, Amazon music and Google Podcasts! If you want to play catchup or simply hear our beautiful voices, take a listen and become a regular. Don’t forget to tap that follow button so you know when the next episode will drop.

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The Open at Royal Liverpool

Are you looking for a place to stay for the 151st Open at Royal Liverpool? Well we’ve got you covered! Gospel View is a beautiful apartment located in Heswall on the Wirral. Just 5 minutes from the Golf Course. View our Wirral properties on the link below.

Landlord investment show

On the 4th July we’ll be in London!

Come and see our handsome chaps at the Residential Estates booth, chat property, ask any questions or reservations you may have and maybe even win a prize or two. We hope to see you there!

Book Tickets Here

View Apartment Here