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
This 3 bedroom property requires some minor touch up decorating and it will be ready for the the rental market.
There is currently a property rented on the same street for £795PCM.
Properties had an overall average price of £115,723 over the last year.
The majority of sales in during the last year were terraced properties, selling for an average price of £103,726.
Seize the chance to invest in a prime turn-key property, listed at an attractive price of £65,000, boasting a potential rental income exceeding £550 per calendar month. This property is an excellent opportunity for investors seeking a low-entry cost with a high return potential in a competitive rental market.
Properties had an overall average price of £109,446 over the last year.
The majority of sales in during the last year were terraced properties, selling for an average price of £82,809.
Turn-key property ready to be let @ £575PCM
Properties had an overall average price of £142,558 over the last year.
The majority of sales in during the last year were terraced properties, selling for an average price of £97,561.
With some touch-up decorating and a carpet clean, this property will be ready for the rental market achieving £600PCM. We already manage 5 properties on the same street, these are in high demand.
The 5 we already manage have the same tenants in and have been there for over 3.5 years
Properties had an overall average price of £174,708 over the last year.
The majority of sales in during the last year were terraced properties, selling for an average price of £128,437.
Replacing the carpets in both bedrooms, Landing and stairs and a deep clean the property will be ready to rent at £625PCM
Properties had an overall average price of £131,169 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £98,182.
3 Bed Terrace fully managed by FMP Lettings since the purchase of the property in August 2021. Where the property was a newly renovated.
Recently had a rent increase in April 2024 to £650PCM
Current tenants move in November 2022
This 2 bed property does have an additional box room.
After some touch up decorating, this property will achieve at least £575PCM
Properties had an overall average price of £146,594 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £90,438
This 2 bed Turn-key is an unsold lot in the auctions. The seller is asking for a £70k purchase price. With another property selling for £85k on the same street.
We manage 48 properties in this area and expect this property to achieve £650PCM
Properties had an overall average price of £139,181 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £122,116.
Overall, sold prices over the last year were 5% up on the previous year and 6% up on the 2021 peak of £131,647.
This two bed plus attic room is currently tenanted by a couple who have signed an AST until January 2025. Currently paying £600PCM.
Properties had an overall average price of £141,390 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £97,002.
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.
Copyright © 2024 The Finnigan-McNeill Property Group Ltd. All Rights Reserved. Registered Company No: 13979169.
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