How High Rental Yields Can Leave A Hole In Your Pocket

Is rental yield really that important? This is a question I've found myself asking time and time again lately as I talk to property investors and landlords with properties to rent or let out in Leicester. The conversation usually goes along the lines of an investor saying to me "the yield is too low, the numbers don't stack up. Up North, I can get double the yield!" I argue this isn't a great measure of investment potential. Let me explain; A straight buy to let in Leicester will get you anywhere between 3-6% gross at average sales value, depending on [...]

What do letting agents do when looking for tenants?

When you invest in property, it isn't always feasible to let your property and manage it yourself, especially when you live far away from your properties which is why finding a good letting agent is key to effectively managing and letting your properties. When Harry Albert Lettings & Estates are instructed to let a property, we look for tenants in a unique way by targeting them where they're not actively searching for properties. This means your property isn't competing with thousands of others on Rightmove and Zoopla or On The Market or other portals, including The House Shop and Gumtree, [...]

By |2019-09-16T01:28:55+01:0016th September, 2019|Leicester, Landlords, Letting Agency, Private Rented Sector|0 Comments

8 Reasons As To Why Use An Agent To Let Your Property

Letting a property is a daunting task. From initially finding tenants to collecting rent and organising property maintenance, there's a lot of work involved in being a landlord. Luckily, letting agents like Harry Albert Lettings & Estates exist to help take the load off, and relieve some of the pressure involved in letting a property. If you're a first-time landlord or a seasoned expert, here are 8 reasons why you should use an agent to let your property.   1. A letting agent can find you a tenant Lettings agents go through the process of advertising your property and finding [...]

By |2019-09-11T16:01:41+01:0011th September, 2019|Free Landlord advice, Landlords, Leicester, Letting Agency|0 Comments

Moving to Leicester

Leicester is a vibrant and multicultural city in the East Midlands. It’s the largest economy in the East Midlands and our population has boomed in recent years. Leicester is considered one of the top places to live and work in the UK and property to rent and buy is always in high demand. Leicester has a wide range of bars, restaurants, shops, markets and entertainment, it's also one of the most multiculturally diverse cities in Europe with religious and spiritual festivals celebrated year round. Leicester has some of the best-connected train, road and public transport links connecting you to London, Birmingham, Cambridge [...]

By |2019-06-06T16:09:21+01:001st July, 2019|Leicester, Moving to Leicester|0 Comments

How will BREXIT Impact the Leicester Property Market?

When the UK announced its intention to leave the European Union, it came as a shock to the country as polls suggested the country favoured remaining within the EU. Leicester voters opted to remain with a majority of 51% but, the overall vote was in favour of leaving with a majority of just over 52%. This sent shock-waves through the global economy which, due to the sharp fall in the value of the pound, impacted our local economy here in Leicester too. Two years on, how has BREXIT affected the Leicester property prices? We have seen mortgage lenders devalue properties, [...]

By |2019-07-10T10:24:16+01:0025th June, 2019|House Prices, Leicester|0 Comments

Buy-to-Let Trends to Look Out For in the Second Half of 2019

Without doubt 2019 has so far proved a year of change within the buy to let sector. At a time of Brexit uncertainty, political and economic uncertainty, what can landlords expect from the private rental sector in the second half of 2019? Andrew Turner, chief executive at specialist buy to let broker Commercial Trust Limited, looks at some of the trends set to continue. Setting the scene The first half of 2019 has brought wide-sweeping changes to the private rental market and it will inevitably take time for stakeholders to become accustomed to the new requirements. The Tenant Fees Act [...]

By |2019-06-25T03:18:11+01:0024th June, 2019|Private Rented Sector, House Prices, Landlords|0 Comments

The Financial Sensibility of Living in Leicester

People living in Leicester already know the city is a fantastic place to live, full of history and culture and extremely diverse. The people here aren't too shabby either. But, what's the economic sense of moving to Leicester? Would your bank manager support your decision to make the move? Recent data suggest the answer is a resounding "yes". New data from Numbeo says you'll only need just £2'700 to enjoy good living standards in Leicester, whilst in London, you'd need around £4'100. The data also shows there's a major disparity between Consumer Goods prices, including rent. In Leicester, the overall [...]

By |2019-06-07T13:23:21+01:007th June, 2019|Moving to Leicester, Leicester|0 Comments