The FMP Group are investment specialists that help clients invest in the UK property market with ease. Our end-to-end investment strategy utilises our in-house services so that every stage of a client’s investment journey is planned and delivered with space to enjoy growing wealth and freedom.
With a focus on UK property in the North of England, we service clients across the UK and overseas providing turnkey buy-to-let investment solutions through our property sourcing, property renovation and property management services.
**House prices** achieved in June are 6.3% higher than Jan 2024 and 3.2% higher than March 2024.
**Listings** - 34.6k UK listings this week. 8% higher YTD than 2017/18/19 YTD average.
**Total Gross Sales** - 24,858 - 6.7% higher than 2017/18/19 YTD levels & 10.5% higher than 2023 YTD levels.
**Net Sales** - 18,656 this week, 25.9% higher than the same week in 2023.
**Sale fall-thru rate rising.** For the last few months its been around the 21% to 22% range, yet in the last few weeks its been towards the mid 20’s. This week it crept up again to 24.95% - Yet, everything in context, the 7 year Long Term Average is 24.8% and it was 40%+ in the Truss Budget.
Decorating, new flooring and minor snagging will have the property ready for the rental market achieving £575PCM +
Properties had an overall average price of £129,459 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £94,684.
Two bed plus an attic bedroom achieving at least £650PCM
The renovation will consist of new flooring throughout, decorating and fixing the damp issues.
We estimate the renovation to be £12k
The property is listed at £80k but sellers are open to offers
Properties had an overall average price of £162,631 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £109,542.
This 2 bed terrace is in need of a small renovation that includes fitting a brand new bathroom suite.
Properties had an overall average price of £138,003 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £103,385.
With just a £15k renovation which includes renewing the kitchen, Bathroom, decorating and new flooring throughout. This property will attract many potential tenants. With strong rentals in this area, we expect this property to achieve £900PCM
Properties had an overall average price of £220,231 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £139,290.
Overall, sold prices over the last year were 2% up on the previous year and 11% up on the 2021 peak of £198,412.
Numbers have been completed with a re-valuation of £100k however, in a quarter miles radius same size property have sold for £125k then jumps to £160k for a slightly larger terrace.
We have added a NEW bathroom suite to the renovation as there is no images of the bathroom. So it might be that the bathroom will not need replacing.
We manage a 3 bed property on the next street for £675PCM
Properties had an overall average price of £155,108 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £103,015.
Overall, sold prices over the last year were 3% up on the previous year and 21% up on the 2021 peak of £128,560.
Listed at £35k, this property is being sold through the auctions.
We have completed the numbers with a purchase price of £45k + auctions fee's of £3080.
With a minor renovation of new flooring throughout and decorating, this property will be ready for the rental market achieving £600PCM
Properties had an overall average price of £140,432 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £97,254.
Listed at offers over £55k, we have completed the numbers at a purchase price of £60k.
We predict the re-valuation of £100k +. A property sold on the same street for £105k. With another 2 selling for £115k but these have attic rooms. The renovation includes adding a new kitchen.
Properties had an overall average price of £170,724 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £126,333.
Listed at a guide price of £85k , this 3 bed semi-detached property situated in the Great Manchester area is a property that should be seriously considered.
The property will need the kitchen completing, decorating throughout and new flooring throughout.
The rental market in this area for a 3 bed semi differ from £1000PCM to £1250PCM
Properties had an overall average price of £167,943 over the last year.
The majority of sales during the last year were semi-detached properties, selling for an average price of £187,361.
Overall, sold prices over the last year were similar to the previous year and 15% up on the 2021 peak of £146,262.
Unsold auction property. The seller is looking to achieve £50k.
After the renovation that includes a new kitchen, we expect this property to achieve £625PCM.
We already manage 5 properties on the same street.
Properties had an overall average price of £168,232 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £124,822.
We recommend that you be satisfied with the expected rental returns and income based on the property's purchase price. Consider any potential future increase in value as a bonus. The property market can fluctuate, sometimes decreasing in value, so it's wise to think of property investment as a long-term strategy.
Our estimations for potential revaluations and rental incomes are based on current market trends. Please note that we are not responsible for any discrepancies between our estimates and the valuations made by lenders. We encourage all clients to independently verify any figures we provide and base their purchasing decisions on their own investigation of rental returns, current and potential market values in the area.
Be aware that all renovation cost figures are approximations. Actual costs may vary, potentially increasing or decreasing depending on the nature of the work and any unforeseen issues after purchase completion. Properties requiring electrical testing may need extensive work, such as a complete rewiring, if they fail these tests.
Any property purchase is undertaken at the buyer's own risk. We always recommend seeking professional advice. Our service is intended for guidance and should not be solely relied upon for decision-making.
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