Residential Estates Newsletter March 2023

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KNOW ABOUT PROPERTY

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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Is 2023 a Good Year to Invest in Property?

Over the past 12 months we have seen interest rates increase quite dramatically, and in certain areas capital value increases are slowing, with predictions stating a decline over the course of 2023, in fact one headline I read recently was stating that a collapse of the UK property market ...

Bank of England Monetary Policy Report - February 2023

The Bank of England quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make their interest rate decisions. High energy, food and other bills are hitting people hard. If high inflation continues, it will hurt everybody...

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PROPERTY OF THE MONTH

This months property highlight is the beautiful Grosvenor House, perfectly located in the heart of Wakefield. This small development is set to be charismatically converted to provide investors with lucrative returns in a location that is very much on the rise, in part, due to its very close proximity to Leeds.

The central apartments have been specifically designed to attract the professional tenant or to take advantage of the very strong short term let market, which is always suited to locations where regeneration and money is being pumped in to the area, such as Wakefield which has a solid 15-20 year Masterplan. Wakefield, just on the edge of the Pennines has great transport links and is very much a part of the growth of Leeds, this makes it appealing to local businesses and commuters.

Investment Highlights:

• Conversion of an office, designed to suit modern living with 44 apartments in total

• Mixture of large studios and 1 bedroom

• Residential Estates have 13 to sell – these are the ONLY apartments allowing SHORT TERM LETS on the lease

• 1 B ed nightly rates predicted between expected £85 per night

• Large open plan studio nightly rates predicted at £79 per night

• On 75% occupancy we predict 11-11.5% NET AFTER service charges

• Full Address: Grosvenor House, 8-20 Union Street, Wakefield, WF1 3AF

• Prices from £99,500 - £105,000

• Completion end of March 2023

• 250 Year Lease

• Property Data shows the area has had a 21% increase over the last 5 years

• AST long term lettings for a 1 bed circa £650-£700 per calendar month

• AST long term lettings for a large studio £550 - £650 per calendar month

• Cash Only but no reason why re mortgages are not viable

Payment Plan to Purchase:

• £4,500 Reservation Deposit

• Simultaneous exchange and completion OR 15% on exchange minus the reservation fee and completion

For more details on Grosvenor House & Wakefield Click HERE

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

business,goingoutof yourdoor,youstepinto theroad,andifyoudon’t keepyourfeet,thereis notellingwhereyou mightbesweptoffto.”

“It’sadangerous

Aberdeen

Aberdeen on the North East coast of Scotland. The country’s third largest city by population...

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Leeds

The largest regional economy outside London, and the biggest contributor to UK GDP within the Northern Powerhouse...

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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

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. 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 next free to watch webinar tonight (28th February), 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 is proud to sponsor UK snooker talent Ricky Walden. Taking part in the Six-red World Championship on the 6th of March 2023.

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

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.

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 14th March 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!

Become a Whatsapp VIP

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