Croft House Spectacular!

I love seeing what people do with properties after they have bought them, that's probably why I love Homes under the hammer!  Here’s a great example of how to make a quick profit from property investment.  This lovely little 2 bedroom bungalow on the popular Croft House estate was purchased in June 2015 for £117,000 and needed a quite bit of up-dating as you can see from the photo’s.  

In just under a year the whole property was fully refurbished inside and out and sold for £155,000 in May 2016.  I think whoever bought it did an amazing job, I’m sure you’ll agree from the before and after photo’s.  I hope they were still left with plenty of profit from the £38,000 they made from the sale after all the works had been paid for, they certainly deserve it and the new owners now have a beautiful home.  It’s great to see tired properties like this being given a new lease of life.

Don’t forget to visit the links below to view back dated deals and Morley Property News.

Blog: morleypropertyblog.blogspot.co.uk

Facebook: www.facebook.com/openhousemorley

Twitter: twitter.com/openhousemorley

Website: openhousemorley.co.uk

Family semi-detached home with 3 bedrooms on Ingle Grove – great investment opportunity

This looks a good prospect just come onto the market, 3 bed semi detached on Ingle Grove.  It appears to be nicely presented with a good sized low maintenance garden and nice sized kitchen which looks reasonably modern which both tick the box for the family market. There’s no bathroom view so chances are that needs up-dating!

It's on the market for £135,000 and is likely to be popular on the rental market and should achieve around £650 pcm, which would give a 5.77% yield.  Family homes to rent are always in high demand in Morley which should mean minimal void periods, long term tenants and a choice of good tenants making it a great investment prospect.

It’s on the market with Dacre, Son & Hartley – here’s the rightmove link: Ingle Grove Rightmove Listing

If you want to discuss this or any other property investment you are considering, feel free to get in touch on 0113 436 4360 or claire@openhousemorley.co.uk, I’m always happy to talk property!

Don’t forget to visit the links below to view back dated deals and Morley Property News.

Blog: morleypropertyblog.blogspot.co.uk

Facebook: www.facebook.com/openhousemorley

Twitter: twitter.com/openhousemorley

Website: openhousemorley.co.uk

A few facts about the property market in Gildersome

A landlord who has invested in rental properties throughout Morley and surrounding areas asked me about the property market in her home village of Gildersome.  If you’re not familiar, Gildersome is thought to have been founded by Dutch immigrants who fled from Guelderland in around 1751. It was an old mining community and some of the original mining locations remain today. Some of the old housing built for the miners still stands today, including the town houses and terraces built on Street Lane. A lot of land has been redeveloped. Mill Lane now sits on what used to be a large industrial area.  Gildersome is generally regarded as part of Morley, but it technically it is separate and is not governed by Morley town council.  Since being established as a parish in 2004, Gildersome now has its own parish council serving its 5,804 residents.

What we found out about the area was quite interesting. The average value of a property in Gildersome is currently £188,174 which is a huge £27,599 above the average of neighbouring Morley.   The most expensive street in Gildersome is Yarra Court, where an average property is worth in excess of £355,000.  Incredibly, 1799 properties have been sold in Gildersome over the last 10 years.

The most expensive property was a stunning new 5 bedroom detached property on Church Street, which sold for £570,000 in 2013.  The average rent in the village is £625 per month and 48 people have sold their property so far this year, according to the Land Registry.

If you would like to discuss property in the area, you are welcome to give me a call on 0113 4360 4360 or drop me a line at claire@openhousemorley.co.uk

Don’t forget to visit the links below to view back dated deals and Morley Property News.

Blog: morleypropertyblog.blogspot.co.uk

Facebook: www.facebook.com/openhousemorley

Twitter: twitter.com/openhousemorley

Website: openhousemorley.co.uk