Lindley Road- Stones Throw From Station!

This great one bed maisonette has just come on with our friends down at Castle Wildish for just £229,950.

With direct access to gardens and a garage this is a great buy and would easily rent for £900 per calender month.

https://www.onthemarket.com/details/1463451/

Priory Close- Perfect For Commuters

This two bed apartment has just come on the market with Curchods for £325,000.

Being a stones throw from Walton Station and with a garage this would be ideal for commuters and would easily rent for £1,150 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-36053406.html

The Heart- Luxury Living

This luxury one bed apartment in the ever popular Heart development has just come on the market with James Neave for £280,000.

These apartments are always good rentals and you could expect to achieve approx £1,100 per calender month.

Don't miss out get yourself booked in quick.

http://www.rightmove.co.uk/property-for-sale/property-54270461.html

Wellington Close- Town Centre Living

This great two double bed apartment has just come on the market with Rochills for just £190,000.

In good condition throughout and in Walton Town Centre this would easily let for £950 per calender month.

Don't miss out get yourself booked in now!

http://www.rightmove.co.uk/property-for-sale/property-35138418.html

Ambleside Avenue- Great Price

This great one bed house has just come on the market with Rochills for just £270,000.

Refurbished throughout this is a great buy to let and would easily fetch £975 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-35914968.html

Shaw Drive- Popular Area For Tenants

The great one bed maisonette has just come on the market with our friends at Martin Flashman for £199,950.

In good condition this property would require minimal work and would easily let for £850 per calender month.

Get yourself booked in now!

http://www.rightmove.co.uk/property-for-sale/property-51037723.html

Egmont- Tenant In Situe!

This easy buy to let has just come on the market with Aston Mead for just £265,000.

With tenants already in situe paying £850 per calender month this is a great investment no work necessary.

http://www.rightmove.co.uk/property-for-sale/property-45014288.html

Gainsborough Court- A Great Station Location

This great two bed apartment in Gainsborough Court has just come on the market with Martin Flashman for £335,000.

In good condition, two double bedrooms and being a stones throw from Walton Station this would rent for approx. £1150 per calender month.

Don't hang around with this one get yourself booked in now!

http://www.rightmove.co.uk/property-for-sale/property-53675345.html

Great Family Home In A Great Location

This great three bedroom house has just come on the market with Rochills for £409,950.

Just a short stroll from Walton Town Centre you could expect to achieve around £1,400per calender month.

http://www.rightmove.co.uk/property-for-sale/property-34775943.html

Brittain Road- A Great Buy To Let

This lovely two bedroom maisonette has just come on the market with Castle Wildish for £277,500.

With two double bedrooms, parking and private garden this would easily rent for £1,200 per calender month.

https://www.onthemarket.com/details/1776465/

The Heart- A Great Town Centre Apartment

This fab one bedroom apartment in the ever popular Heart development has just come on the market with James Neave for £285,000.

These are in Walton Town Centre and would easily rent for £1,050per calender month.

http://www.rightmove.co.uk/property-for-sale/property-53282489.html

Two Bed, Two Bath Town Centre Apartment

This great executive apartment has just come on the market with Arthur Samuel for £329,950.

This would be great for sharers and would fetch around £1,250per calender month.

http://www.rightmove.co.uk/property-for-sale/property-52371209.html?premiumA=true

Terrace Road- Great For Sharers

This great two bedroom apartment has just come on the market with Rochills for just £289,950.

Priced to sell this would rent for approx. £1,200per calender month so a great buy to let!

http://www.rightmove.co.uk/property-for-sale/property-35338200.html

Ashley Rise- Great For Commuters

This one bedroom apartment close to Walton Station has just come on the market with Chancellors for just £250,000!

In need of modernisation once completed you would achieve around £950 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-52964081.html

Wellington Close- A Popular Buy To Let

Rochills have just taken on this two double bed apartment for just £190,000!

Being in Walton Town Centre this will fetch around £950 per calender month so don't miss out!

http://www.rightmove.co.uk/property-for-sale/property-35138418.html

Telford Drive- A Great One Bedroom Buy To Let

This fab maisonette in Telford Drive has just come on the market with our friends at Martin Flashman.

This is in a popular location and you could achieve up to £900 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-52852373.html

Burwood Road- A great studio

This fab studio apartment has just come on the market with Rochills for just £179,950.

With share of freehold, a private garden and being within walking distance of Walton Station this is a great buy and would rent for approx £900 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-52697885.html

The Heart- Town Centre Living

This great two bed apartment in The Heart has just come on with James Neave for £360,000.

With two double bedrooms, two bathroom and private patio this will let for approx £1,200 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-52718408.html

Audley Firs- Close To Station!

This great two bed house has just come on the market with Martin Flashman for £349,950.

With two double bedrooms and being close to the station this would easily let for £1,250 per calender month so a great investment!

http://www.rightmove.co.uk/property-for-sale/property-48421540.html

Shaw Drive- Three Bed At A Great Price!

This three bedroom house has just come on the market with Martin Flashman for just £375,000!

This would easily rent for £1,250pcm so a great buy to let!

http://www.rightmove.co.uk/property-for-sale/property-52641323.html

Mount Felix- Great River Location

This two double bed apartment in Mount Felix has just come to the market with Martin Flashman for just £319,950!

With two double beds and next to the River Thames this would easily let for around £1,150pcm so book yourself in now!

http://www.rightmove.co.uk/property-for-sale/property-52642721.html

Gothic House- Modern Town Centre Living!

Rochills have just taken on this stunning two bed apartment for just £349,950!

This apartment would easily rent for £1,100pcm so get yourself booked in now don't miss out!

http://www.rightmove.co.uk/property-for-sale/property-50298991.html

Strata Court- Another Great Apartment

This two bed, two bath apartment has just come on the market with Curchods for £315,000.

Being in Walton Town Centre these apartments rent easily for £1,200 so get yourself booked in now!

http://www.rightmove.co.uk/property-for-sale/property-34862109.html

Strata Court- Town Centre Location

This great 2 bed, 2 bath apartment has just come on with Arthur Samuel for £340,000.

With the town centre location this would easily let for around £1,200 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-52371209.html?premiumA=true

Hurtwood Road- Amazing Price For A 3 Bed!

This three bedroom house is a steal at just £310,000 on the market with Aston Mead!

This would rent for £1,250 per calender month a great buy to let!

http://www.rightmove.co.uk/property-for-sale/property-34055280.html

Property values in Walton-on-Thames remain static pre-election

Property values in Walton-on-Thames remained static in March, with neither a rise nor fall, as Walton-on-Thames people held their breath as to whether the Tory’s would return or we would have a Labour/SNP coalition. This followed several months of sluggish activity in the Walton-on-Thames property market in the run up to the Election, leaving the average price of a property in Walton-on-Thames at £562,317, still 11.5% higher than in March 2014. Despite the lack of change, the figures showed property values in Walton-on-Thames were still higher in the first quarter of 2015 than in the last quarter of 2014.

Interestingly, the Council of Mortgage Lenders and Estate Agent trade bodies over the last few months have reported seeing a fall in mortgage lending and enquiries from prospective homebuyers. This is important because it comes amid an overall fall in housing market activity in Walton-on-Thames. Data from the Land Registry said completed house sales in Walton-on-Thames in the three months to January 2015, (the most up-to-date figures available) fell by 22.51% compared to the same three month period up to January 2014.

However, I believe that the slowdown in property sales in Walton-on-Thames is supporting Walton-on-Thames property values, as there is a shortage of houses coming onto the market. Even though in the whole of the first Quarter of 2015, Walton-on-Thames property value increases may seem subdued when compared to 2014, let us remember, property values are still rising well above the level of inflation. 

As I have said many times before, the population in Walton-on-Thames is growing at a much higher rate than the number of properties being built. This increasing demand for a roof over people’s head, which is outpacing the supply of new houses being built in Walton-on-Thames, is creating a severe imbalance in the Walton-on-Thames (in fact the whole of UK’s) housing market, thus making homeownership an ever increasingly distant dream for many of Walton-on-Thames’s potential first time buyers.

In fact, I still maintain the view that house prices are likely to rise by around 3 to 5% in Walton-on-Thames in 2015, even after taking into account this blip at start of the year. The reason being is that the rise reflects both strong economic conditions and steady market conditions with (and this is the most important factor) very low numbers of properties on the market. 

Many Buy to Let landlords know that investing in the Walton-on-Thames property market is a long-term strategy of 10, 20 even 30 years. Governments come and go, but unless Elmbridge Borough Council start to build hundreds of new properties a year to make up for the shocking lack of supply, Walton-on-Thames people will always want a roof over their head, and irrespective of which party is in power, if there aren’t any council houses and they can’t (or are unable to buy), a demand for rental properties will always remain.

As my existing Walton-on-Thames landlord clients will testify, whether you manage your property yourself, or another Walton-on-Thames agent manages your properties, everyone is always made to feel welcome when they pop in for a coffee at our offices in Walton-on-Thames to discuss anything to do with the Walton-on-Thames property market, how Walton-on-Thames compares with its closest rival towns. I don’t bite, I don’t do hard sell, I will just give you my honest and straight talking opinion. However, if you are too busy to pop into town, you could always visit the Walton-on-Thames Property Blog for advice, intelligent commentary and analysis of the Walton-on-Thames Property market.

Molesey Road- A Great One Bed

At just £224,950 this great one bedroom apartment has just come on the market with Gascoigne Pees.

Refurbished throughout this would rent for approx. £900 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-34653345.html

Collingwood Place- Ideal for commuters!

Rochills have just taken on this two double bed apartment round the corner from Walton Station for just £285,000.

This would rent for approx £1,100 per calender month making it a great buy to let!

http://www.rightmove.co.uk/property-for-sale/property-34639041.html

536% Return for Walton-on-Thames Buy To Let landlords since 2000?

Buy to let is essentially different from investing in stocks and shares or putting money in the Building Society. Whilst these other investments (Building Society Passbooks, Stocks and Shares etc) are passive  ie once the  money has been invested it you leave it alone, with buy to let, things are more hands on, in fact it’s almost a business. One thing the landlords I speak to say is the fact that they like buy to let because it is both an investment as well as a business. It is this factor that attracts many of my Walton-on-Thames landlords – they are making their own decisions rather than entrusting them to others (such as City Whiz Kidzs in London playing roulette with their Pension Pot). 

So if you are investing in the Walton-on-Thames property market, you can earn from your investment in two ways. When a property increases in value over time, it is known as 'capital growth'. Capital growth, also known as capital appreciation, this has been strong in recent times in Walton-on-Thames, but the value of property does go up as well as down just like shares do but the initial purchase price rarely decreases.  Rental income is what the tenant pays you - hopefully this will grow over time. If you divide the annual rent into the value (or purchase price) of the property, this is your yield, or annual return. 

I know of a landlord who bought an apartment in the Oakdene Court development in Walton-on-Thames in 2000 for £122,950. It sold again in January just gone for £287,795, a rise of 134.07% in just over 14 years – a compound annual return of 6.26%.

However, the real returns are for those Walton-on-Thames landlords who borrowed money to purchase their buy to let property. They have made significantly higher returns than those who paid 100% cash. If the landlord had borrowed 75% of the £122,950 purchase price of the Oakdene Court terraced house on an interest only 75% mortgage, he would have only needed to invest £30,738 (as his 25% deposit... borrowing the remaining £92,212), but his £30,738 would be worth today, £195,583  (£287,795 less £92,212 interest only mortgage)... a rise of 536.29% -  a compound annual return of 14.13%... and I haven’t even mentioned the rent he would have received in those 14 years!

This demonstrates how the Walton-on-Thames buy to let market has not only provided very strong returns for average investors since 2000 but how it has permitted a group of motivated buy to let Walton-on-Thames landlords to become particularly wealthy. In fact, if this landlord had continued to remortgage the property as it went up in value, he could by our reckoning have had an additional two or three properties (albeit with larger mortgages but greater future potential). 

As my article mentioned a few weeks ago, more and more Walton-on-Thames people may be giving up on owning their own home and are instead accepting long term renting whilst buy to let lending continues to grow from strength to strength. If you want to know what (and would not) make a decent property to buy in Walton-on-Thames for buy to let, then one place for such information would be the Walton-on-Thames Property Blog.

Mole House- Stunning River Views In Hersham

This great two bedroom apartment has just come on the market with Castle Wildish for £349,950.

Modernised throughout, with two double bedrooms and a balcony with stunning views this would rent for around £1,100 per calender month.

https://www.onthemarket.com/details/1494846/

Thorneycroft Close- A Great Buy

This two double bedroom house has just been reduced by Newton Huxely to just £315,000.

This is now a fab buy to let renting for approx. £1,200 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-34241190.html

Bridge Court- Town Centre Living!

This great two double bed apartment has just come on the market with our friends at James Neave for just £275,000!

In Walton Town Centre and still in as new condition this would easily fetch £1,200 per calender month!

Get yourslef book in fast before this one gets snapped up.

http://www.jamesneave.co.uk/property-details/3127271/surrey/walton-on-thames/bridge-street-1

Kilsha Road- A Great Buy To Let

This great size two bed house has just come on the market for sale with Rice & Roman for £279,950.

This is in a great location just round the corner from a popular school and within walking distance of Walton Town Centre.

You could expect to achieve £1,050 per calender month for this.

http://www.rightmove.co.uk/property-for-sale/property-51870107.html

Dallington Close- Open Day 2nd May

This great two bedroom apartment has just come on the market for just £245,000 with Rawlinson & Webber.

In a great location in Hersham and with a separate garage this is a great buy and would rent for around £1,200 per calender month.

http://www.rightmove.co.uk/property-for-sale/property-34314018.html

Ashley Park- Simply Stunning!

This beautiful property has just come on the market with Curchods for £3,250,000.

Gated, detached, as many bathrooms and there are bedrooms, this home is a real treat set in the prestigious Ashley Park.

http://curchods.com/display/249451

 

Two Speed Walton-On-Thames Property Market?

Even with the General Election on the horizon, property values in Walton-On-Thames are still 1.02% higher than they were 3 months ago, the diversion and ambiguity of an election typically makes house sellers who need to sell price their property more realistically (although this only lasts a couple of months). Looking specifically at it from a Walton-On-Thames landlord’s point of view, the Walton-On-Thames properties favoured by investors are in short supply in many parts of the town because of a number of factors. One of the factors has been that we seen the number of first time buyers coming to buy their first home increase over the last 12 months in Walton-On-Thames.  Another factor has been that the banks have been pushing ‘let to buy’ (yes ‘let to buy’ is different to ‘buy to let’) to homeowners (more of ‘let to buy’ in an up and coming article). Next, because of the banks, who are chasing low risk landlords with high deposits with very low mortgage rates- and the low risk landlords with high deposits tend to be attracted to the safer modern two and three bed town houses and semis in Walton-On-Thames.

As I mentioned a few weeks back, the pension rules are changing which means buy to let landlords can use some, or all, of their pension pot to buy a property.  It shouldn’t be forgotten there are tax implications taking more than a quarter of your pension pot out (see the article from a couple of weeks ago), so whilst many pension pots may not be able to fund a suitably big enough tax free lump sum to buy the property outright, for most it will provide enough for the 25% deposit (required by most BTL mortgage providers). It shouldn’t be forgotten landlords that the interest paid on the mortgage is tax deductible against the rent, thus lowering your income tax paid. 

In the last 12 months, I have noticed a particular uplift in interest from ‘50 something’ Walton-On-Thames people wanting to become landlords for the first time. In Walton-On-Thames, the highest returns for the lowest investment are at the lower end of the market e.g. the classic apartment. Unfortunately, apartments with one bedroom are coming to the market in smaller numbers than the larger four beds in top end sectors of the Walton-On-Thames property market. When looking at the actual numbers, in the later part of the summer of 2014 in Walton-On-Thames, in one month alone 32 one bed apartments were on the market in Walton-On-Thames. However, in January this year, a notoriously excellent bumper month for properties coming on to the market, there were only 10 one bed apartments on the market in Walton-On-Thames to choose from. Today, that figure stands at only 14, whilst the number of four and five beds has increased significantly ...  interesting don’t you think?

At that lower end of the property market in Walton-On-Thames, (i.e. where first time buyers and landlord investors compete with each other to buy those smaller properties), I believe throughout 2015, there will be a slow and steady tipping of the scales between supply and demand. In fact, from what I am seeing and hearing, early anecdotal evidence has suggested over the last few months (although we will need to look at figures later in the Spring once we have the data from The Land Registry), we are beginning to see a polarised Walton-On-Thames property market, where we have high demand but low supply at the bottom end of the property market, yet high supply but lower demand at the top of market... and that can only mean one thing... prices will go up quicker on the smaller properties than the larger ones in Walton-On-Thames, thus narrowing the gap for people looking to move up market!