Top Ten Safest Places to Live: what to look for

According to a recent report, the top ten safest places to live in England and Wales are scattered across the countries and include North Yorkshire and Northumberland. Having said that, violent crime can and does happen anywhere and even though your area may be on the list, don’t get complacent. Personal safety is paramount. There’s not a lot of point living in fear of crime however, but a healthy balance does need to be struck. Stay alert when out and take safety seriously when it comes to your property. Invest in a good alarm system, see if there is a neighbourhood watch scheme running and check your local policing rates.

If you’re thinking of moving, do your research on your chosen area before committing for peace of mind and to ensure you’re not in for any nasty surprises. One place you might want to consider is West Yorkshire, and in particular the city of Leeds. It is a large city situated in the north of England, with a very large legal sector, and is also renowned as a technology hub. You can find houses to let in leeds in a lot of areas, in the city as well as in the suburbs, which include beautiful locations such as the leafy, affluent Roundhay.

Sold house prices are available online for all over the UK, and as a general rule, if the price is on the higher end of the scale, the area will be safer. Don’t rely too much on this though and bear in mind that crime is not the only thing to take into consideration. Risks like fire and flood will bump up your insurance policies and although violent crime may be very low, things like burglary and car theft may be higher. Statistics are available for your perusal and you should check everything out before you make a commitment. If you decide to go with an estate agent, they will be able to advise you on areas that may be suitable or not depending on your needs and some buyer’s guides will be able to advise on crime rates for your chosen area. These are great if you’re making a completely fresh start and don’t know a lot about an area.

If you’re a property investor there’s a great article in the Estate Agent section about how to work with them to find a great property.

 

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Britain’s Most Expensive Streets: The Top 10

Britain is an expensive place to buy property if you live in many parts of the south of England – none more so than in London.

So it’ll come as no surprise to find that all ten of the most expensive streets to live on in Britain are located in England’s capital city – and it’s no wonder when you read this from last week.

Here we offer you a sneak peak at the ten most expensive streets in Britain and tell you the average cost of a house on each respective street – you’ll be astonished!

We’ll work our way through from the cheapest (if £6m can be classed as cheap) to the most expensive.

We’ve also added a few fun facts about each street – to be taken with a pinch of salt.

So take a seat, get comfortable and prepare for your jaw to hit the ground, because this is quite simply ridiculous.

1. Street: Cottesmore Gardens

Average House Price: £6,334,496

Fun fact: Cottesmore Gardens is home to John Schwartz, the man who invented the adjustable spanner. It is also widely recognised as the only street in Britain in which every house is fitted with solar panels.

 

 

2. Street: Ilchester Place

Average House Price: £6,370,544

Fun fact: Pradup Shah lives here – the first man to circum-navigate Bangladesh on a tricycle. Also, Ilchester Place was originally named Colchester Place but was renamed after former resident, the Mayor of Colchester, was photographed punching a chicken.

 

 

3. Street: Victoria Road

Average House Price: £6,410,223

Fun fact: Work on Victoria Road began in 1877 and was named after the ruling monarch at the time, Queen Victoria, after she laid the first brick of the first house to be built on the road.

 

 

 

 

4. Street: Manresa Road

Average House Price: £6,622,597

Fun fact: Contrary to popular belief, Manresa Road was not named after Theresa Manning, the first woman to undergo a sex change operation. The name actually stems from ishmanresa, the Turkish word for wealth.

5. Street: Courtenay Avenue

Average House Price: £7,177,697

Fun fact: Originally looking for houses in Bristol, Sir William Bell, renowned for his work in developing the welfare system, opted instead to move to Courtenay Avenue in London following a strange incident on his journey to the West Country. His horses and cart separated, leaving the cart to free wheel into a cess pit. Bell then decided that his move to Bristol was fated and chose London instead.

6. Street: Park Place Villas

Average House Price: £7,285,597

Fun fact: One of the buildings located on what is now Park Place Villas was the hiding place of legendary highwayman, Dick Turpin. Ironically, nearly 300 years since his death, people wanting to buy houses on this road are still getting robbed. At least Dick Turpin had the decency to wear a mask!

 

7. Street: Compton Avenue

Average House Price: £8,005,533

Fun fact: Compton Road is home to the self-appointed Prince of the Maldives, Kenny. S. Breville, who rose to fame after commandeering the remote Maldivian island of Puku-Puku. After a four month stand-off between him and the Maldivian authorities, Breville surrendered and spent 16 years in a Maldivian prison. He was released and made his millions selling his story and writing his autobiography, ‘Puku-Puku: Paradise and Prison’.

 

8. Street: Frognal Way

Average House Price: £10,578,281

Fun fact: Frognal Way was just like any other residential street in London until 2008 when oil was discovered under the house of the Right Reverend Chris Gedge. Following the discovery, a number of wealthy oil magnates battled to outbid each other to secure a house on the street, leading house prices to increase 6,000 per cent almost overnight.

 

9. Street: The Boltons

Average House Price: £13,318,369

Fun fact: Until 1998, The Boltons was called Smithson Street. It was only after iconic 90s crooner, Michael Bolton, moved into the neighbourhood that he demanded a name change.

 

 

 

10. Street: Kensington Palace Gardens

Average House Price: £19,200,000

Fun fact: In order to buy a property in Kensington Palace Gardens, prospective residents must first prove that they have over £50m in a British bank account. Even then, character checks are so thorough that it puts many buyers off continuing their purchase. Those looking for houses in Leeds may not incur the same problems.

Julie Hanson

Interview with Yvonne Emery, Property Mentor

I had the pleasure of interviewing a great lady last week, Yvonne Emery.  Yvonne talks about the ups and downs of property investing.  What the market will look like this year and beyond and gives some great advice.

We’ve been working with Yvonne for many years now, as she’s an expert on our site.

Also, when we first got started in property we had a fantastic mentoring session her and she really helped us to kickstart our portfolio building.

Yvonne Emery is a fantastic property investment coach and helps you to get your issues sorted out very quickly. She has been investing in property since 1997 and has prospered through many different economic climates.

 

Have a listen to the 15 minute interview below.  Enjoy!

YvonneEmery-17thApril

Julie Hanson

Lending for houses boosted by Stamp Duty deadline

Gross mortgage lending in March was an estimated £13.4 billion, according to the Council of Mortgage Lenders. This represents a 30% rise from £10.3 billion in February and a 17% rise from March 2011 (£11.4 billion).

This is the highest monthly total since September 2011 (£13.6 billion) and the highest monthly total for March since 2008 (£23.9 billion).

Gross lending for the first quarter of this year was therefore an estimated £34.4 billion, down from £37.8 billion in the previous quarter but a 13% increase from the first three months of 2011 (£30.3 billion).

In today’s CML market commentary, CML chief economist Bob Pannell comments:

“The increase in our March lending estimate appears to be almost entirely due to stronger house purchase activity. The most likely explanation is that buyers wanted to complete their transactions before the end of the stamp duty concession on 24 March.

“The underlying picture for house purchase activity has been relatively buoyant in recent months. However, we would be surprised if we did not see a drop in transactions over the next few months, following the end of the stamp duty concession, especially as it will take some while for NewBuy transaction levels to build.”

Alec Hanson

Deposit schemes stacked in tenant’s favour, landlords claim

Nationwide survey shows 0% of landlords think that deposit schemes are designed in their favour

A startling zero per cent of landlords said they felt that deposit schemes are designed in their favour over tenants, according to a new survey released today by digital inventory platform, Imfuna. Just over half (54 per cent) said that they thought current schemes favoured tenants, while 35 per cent claimed that neither party benefitted from the schemes.

Letting agents also largely mirrored that sentiment; only 20 per cent said that the schemes, in their current format at least, favoured landlords and 52 per cent said the balance has been tipped in favour of tenants. And, a further 22 per cent felt that the schemes benefit ‘neither’ party.

The statistics have emerged after a nationwide survey of landlords, tenants and letting agents, and follow the announcement of the new Localism Bill which came into effect on April 6th. The new act means all landlords now face large fines of up to three times the deposit if it is not registered with a tenancy deposit scheme within 30 days. The ruling, passed by the Government’s Department for Communities and Local Government will also see landlords unable to seek possession of their property using a section 21 notice until the penalty is settled.

Imfuna creator, Jax Kneppers comments: “The survey presents a picture of landlord disenchantment with the deposit schemes. The fact that not a single landlord surveyed felt they were designed in their favour, shows that there is still some work to be done by all parties in order to democratise the inventory process and ensure that everyone involved feels they are supported in equal measure.”

Landlords beware, tenants be aware

Overall awareness of the deposit schemes was found to be high amongst landlords (99 per cent) and lettings agents (88 per cent). Tenant awareness levels were much lower however, only 43 per cent were aware of the schemes before their tenancy began.

This lack of knowledge translated into the take-up of the schemes; nearly half (49 per cent) of the tenants surveyed claimed they have not taken part in a deposit scheme.

Furthermore, 37 per cent of landlords, compared to 78 per cent of tenants, believe deposit schemes are an effective tool for minimising conflict between landlords and their tenants. Whereas just 19 per cent of landlords and 36 per cent of letting agents believe deposit schemes reduce the time taken over disputes, indicating the process still isn’t working.

Kneppers adds “The new April 6th ruling places an even greater emphasis on adhering to tenancy deposit schemes regulations. A comprehensive and robust inventory will help arm landlords with the necessary information and ensure they aren’t further penalised when it comes to the check-in / check-out process.”

Deposit schemes heavily relied on

The figures show that when disputes arise, people look to deposit schemes for help, 26 per cent of landlords, a further 26 per cent of letting agents, and the majority (57 per cent) of tenants believe deposit schemes provide a fair resolution when disagreements arise.

Despite deposit schemes being the preferred go-to for resolutions, some tenants still think they are getting a raw deal, 68 per cent felt dispute outcomes were in favour of the landlord / letting agent, compared to only 10 per cent of landlords, and 19 per cent of letting agents. Which shows some educational work needs to be done around how the schemes work amongst tenants.

Interestingly, nearly half of letting agents (48 per cent) and 30 per cent of landlords reported that they have settled individual disputes privately, without the aid of a deposit scheme.

Finally, and perhaps on the contrary to the views of many, 42% of landlords admit to having never had a deposit dispute with a tenant, with a quarter (24%) of letting agents reinforcing this.

Kneppers concludes: “There is also a case for making use of the technology and expertise available to make the difference in deposit disputes. This is a really exciting time for the property sector which is on the verge of a technological revolution, and we will all soon feel the benefits.”

Julie Hanson

Get your free copy of the latest What House? Magazine

 

 

 

I’ve just seen an advertisement to download a free copy of What House magazine.

It’s a free online magazine, launched this month.

I’ve just had a flick through it and it contains some good content. 

 

You can register with them and get it sent to your inbox every month. 

The What House? digital magazine is a free publication that contains news, articles and new homes listings for every region of Britain. It is published monthly and is a digest of some of the best recent editorial content from whathouse.co.uk together with details of dozens of the latest new property developments around the country, including affordable new homes available under shared ownership, dedicated retirement living developments for older buyers together will the whole spectrum of new-build property, from stylish starter homes to sumptuous luxury houses.

 

  • New homes
    From affordable starter homes to luxury properties
  • Interiors
    Inspiration for styling your home
  • Legal
    Introduction to conveyancing
  • Exclusive interview
    Grace Brownlow of Bett Homes
  • Mortgages
    Guidance on your new home loan, advice on how to get the best mortgage deals

 

Click here to download your free copy

Julie Hanson

Landlord Insurance

Being a landlord can be a great way to make yourself a bit of extra cash in the short term and provide you with a little bit extra when you come to retire. Many go into the business of property with this dream but do not consider the costs that come with being a landlord. This is where landlords insurance comes in handy as it can cover you against all possibilities where you could come across financial problems.

There are a wide variety of landlords insurance policies such as landlords buildings insurance out there, each ranging in price so it is important to pick out the right one for you and your situation.

Landlords insurance will cover a wide range of situations under which your property may be damaged or you may find yourself out of pocket. Say your property was damaged by a fire or a flood, your tenants would have to move out so you would lose your rent for the period the property is uninhabitable as well as having to pay for any repairs that are required. With landlords insurance not only will you receive any rent that you would lose out on, you would also be covered for any repairs. The cost to repair the property could include builder’s fees, decorators and any items of furniture or household items that were destroyed.

Landlords insurance doesn’t just cover you if your property is damaged by natural disasters. It is upsetting to realise but not all tenants respect the houses they rent and some could leave the property damaged. If you are unable to trace them you would end up paying for the repairs yourself. This situation is also covered by landlords insurance so you would be able to claim for this and any back rent that you could have missed out upon.

Taking Action for Success by Yvonne Emery (part 1)

 

We all know how to be busy little Bees, but are we doing the right stuff to achieve success?  Have you ever felt like me, that life has got a bit out of control and the activities of life are controlling you instead of the other way round?  Well this all came to a head the other week.  I had written my goals, I knew exactly how to achieve the success I wanted.  If I reached my targets my Bank Manager was going to want to know where I was hiding my money tree – so what went wrong?

Life got in the way.  Other people were louder than I was and wanted their ‘stuff’ doing now, urgently, no excuses!  I was out of my league in shouting them down or negotiating a time delay.  Their issue seemed to take over, and I was drawn in to the world of self-sabotage.  My goals were quickly put aside and forgotten.  Is it any wonder that by the end of the week I didn’t get that call from the Bank Manager?  I didn’t even have any extra spending money, and it was all down to the choices I took.

Having just come back from the Property Super Conference you would have thought that my motivation to achieve more in property and my business would have been sky high, however I hadn’t made that mind-set change that meant my goals would have to come first.  I would have to place higher importance on the tasks I set myself in order to forward my business.  Have you sat in many seminars, conferences or even networking events and hoped you would have a change of direction towards success as a result of an inspirational talk?

If you have made a change then that’s fabulous, however I know that I have done this lots of times, got a high from the ideas that are flowing, felt great knowing that everyone in that room is actually gunning for me, but there has still been something else that was more important and I tucked my goals back to the bottom of the pile.  Reading, listening, attending seminars and networking are all critical in building our knowledge, increasing our contacts and raising the potential for success in property or business, but you can do these things for ever and still not achieve anything – can you think of anyone other than yourself who seems to be doing all the attending and none of the action?  Well this is your time to change what you do and make a difference to your bank account; the time you spend with friends; your lifestyle and your business success:

What type of action do you need to take?

Put each step that you would need to take to achieve your success goals on a post-it note.  Then with a different coloured note write a list of the smaller elements of those steps.

When you can put them in order by timescale then you will know which you have to do first in order to reach your goal.

When you have done this then assess the amount of income that each task generates for you.  Perhaps you don’t actually get the benefit of the income until you reach the final step.  Make sure you know which of these smaller steps are critical and how long each is going to take.  Put an estimate of time next to each one.

When you then plan your day’s activities you can plan the right amount of work for the day, allowing for interruptions and you will feel as though you can actually achieve them.

There is nothing worse than setting yourself a task which is too big, or that will take all day.  If the task is too big you won’t achieve it and you will feel frustrated and de-motivated.  If you have to sit and do the same thing all day then the urge to give in and do other things will be far stronger.  You will need to vary your day, but make sure you concentrate on one thing at a time.

Woah!  You’re a female – I thought multi-tasking was the best thing since sliced bread!

In my experience and that of other personal development authors and speakers such as Brian Tracy and Zig Ziglar, Tony Robbins and Fiona Harrold, the best way to tackle anything is to focus on it, concentrate all your thinking into that world and continue until it is finished.  Often this is the hardest thing to do, and it would feel easier to do lots of little tasks first and get them out of the way.

I promise you that those little tasks have a way of taking over and distracting you from everything else that is going on.  E-mails popping up didn’t used to be a distraction 17 years ago, and working was much more structured.  Now that Social Media is available 24/7 there isn’t a time when we can turn off the world and time out from working unless we decide to do this.

Try answering e-mails only twice a day, and for only 1 hour max at a time.  If you were in a meeting you couldn’t respond immediately, so block out your time for specific activities and stick to it.

Identify the most important and urgent actions and make them top of your list.  The actions that move you forward towards your goals should take priority.

If you could pay someone to do the things that take up your time, and you could earn more by doing something else during that time then you are being efficient.  It’s exactly the same principle that we apply in property investing.  If we can borrow money at a lower rate than we can gain by investing it then it’s a good deal.  This is how we should value our time.  You can only do this however if you have identified the value of each task you are doing.  Once you have your post-it note list then you will be able to give each a £value and work out quickly which tasks only you can do and which other people may well be able to do better.

How to make sure you take that action

– coming soon………………

Yvonne has written some great eBooks and e Courses. For further advice and help take a look at her excellent eCourse Your Property Strategy Blueprint

LEAD SOURCING – Isn’t SEO the best approach?

For those of you who don’t know, SEO stands for search engine optimisation. This is the process of optimising a website so that it ranks as highly as possible on Google for your chosen keywords.

If that last paragraph confused you, let me simplify it a little. If I optimise a website, it means I’ve made changes behind the scenes, so that my website starts to appear as high as possible on Google for specific words and phrases that people are searching for.

SEO in general is a long-term game, and it can take months for a website to reach page 1 of Google.

In the property world, the competition for natural search engine results is absolutely massive, and it’s almost pointless to fight for this unless you’re experienced in SEO and you don’t mind waiting at least a few months to start seeing results.

I have many property sites that rank well on the natural search engine results, but it’s been a hard-slog to make that happen. I personally don’t recommend this to “newbies” as it takes far too long and unless you really know what you’re doing, it will probably never happen for you. Sorry to sound so pessimistic, but I know the game well, and I want to save you the bother up front. Learn how to work with Google Adwords and other paid advertising platforms, and you’ll have little cost, but maximum (targeted) results.

That being said, I do cover SEO in Property Lead Generation 2.0, because if you’re patient, and in this game for the long haul, it might just be worth your while.

One last thing on the subject – and this is important. If you ever come across a training course that tells you that you can rank at the top of Google for a specific keyword, the chances are they’ll be telling the truth – BUT – if nobody is searching for that keyword then it’s completely pointless. There’s no use in having the ego trip of ranking number 1 on Google for a keyword phrase that nobody is looking for.

If you want to know how many people are looking for the keyword phrase you are looking to rank for, go to the Google Adwords keyword tool. It’s free, and will tell you exactly how many people are searching for any keyword phrase.

For more like this, head over to Property Lead Generation 2.0, or Property Sourcing Fast Track.

Thanks, Billy Farrell

The best places in the UK to be a landlord

The decision to become a landlord involves many factors – but how many landlords consider exactly where the best areas are in order to have the best chance of succeeding?

You may have pinpointed somewhere near to a university, perhaps, or based the decision on your own tastes of where you want to live – however, before sorting out your buy-to-let mortgage and landlord insurance, location could be an important thing for you to consider.

With renting becoming increasingly vogue, this is good news for landlords all over the country. You may want to take in certain geographical factors, however, into your decision-making.

According to a recent postcode survey, picking a location that people may not necessarily have chosen to live in if they didn’t have to, can lead to higher profits for landlords. For instance, many people live in London due to work rather than choice.

The survey listed Blackpool as having the best opportunity for landlords – with low property values and high rent the average gross annual yield is 5.35%. Other top contenders include: Wigan, Romford, Uxbridge, Cleveland and Luton.

The study concluded that other factors influencing high gross yield were areas with low housing costs, a changing population, and places with large ethnic populations, where demand to rent is high.

Another influencing factor is the balance between demand and supply. A similar survey found that London has the biggest demand for rental properties in the UK, followed by Luton, Cambridge, Milton Keynes and Portsmouth. In these areas, rooms up for rent are snapped up within a matter of hours after being advertised, according to the study.

In areas where supply is low and demand is high, this is good news for rental rates, with potential tenants being more lenient on price. Especially in London – soaring house prices means that demand for rental properties will probably always be high.

One study has investigated which type of tenant provides the highest earnings, which will also be affected by which area you decide on. The study says that students provide the highest yield, followed by young singles and the retired. Therefore, depending on the type of tenants you’re looking for – choosing a university town, a well-off area or an area of retirement could also affect your profits.

Deciding to become a landlord is a complex decision and isn’t the fastest or easiest route to money. Despite the risk, however, it can be both rewarding and profitable. Deciding where to rent property may impact your long term success – so think about what type of tenants you want to attract and select somewhere where demand sits higher than supply. Lastly, ensure you know your way around a washing machine and you’ll have guaranteed plain-sailing