From this Spring’s budget, the promising news for the property market is the pension reform, allowing people of 55 years or older to withdraw lump sum payments for the purpose of investing in property as a retirement tool.
What does this mean to the market as a whole?
Basically we need more rental stock, so this could see a significant increase in what are being lovingly referred to as ‘Silver Landlords’ to the Buy-to-Let market. Whilst I know that many 55 year olds are in no way ‘silver’ I think this is more like gold dust to the property market, bringing in much needed investors to the buy-to-let arena.
What do you say to someone who is thinking of investing their pension money into property?
Do it. Indications are that rental returns will continue to outweigh savings rates, making property a very attractive option. Make sure that you choose your agent wisely, ask lots of questions, do lots of research and come to Sewell & Gardner, where we have expertise in the investment market, and have dedicated 2nd hand residential, new homes, lettings & property management departments, to get you the very best long term deal possible.
What is the best type of investment propertyin Rickmansworth or the surrounding area?
Traditionally one and two bedroom apartments situated close to the station and shops are the perfect investment opportunity, not only from a yield perspective but also as a pension tool due to the capital growth in this area. At the moment a great rental investment on our books is a delightful one bedroom town centre apartmentin Lower Road, Chorleywood. This is marketed at £225,000 leasehold and is likely to achieve a monthly rental of around £1,000pcm, achieving a gross yield of over 5.3%.
Call 01923 608361 for details on Lower Road, Chorleywood.
Or if you are looking for a bigger investment, a 3 bedroom family home in Shepherds Farm, Mill End, Rickmansworth will achieve a monthly rental in the region of £1,600 and is on the market at £399,000 freehold, achieving a gross yield of 5%.
Call 01923 608361 for details on Shepherds Farm.
If you would like any further information please do not hesitate to contact me on 01923 721901 or email me jane@sewellgardner.com.