UK Market Overview 2017-12-01T14:19:34+00:00

UK MARKET OVERVIEW

UK Property market today

The effects of the Credit Crunch have excluded over 500,000 households from owning their own home. This has been mainly due to the stringent requirements of mortgage lenders, the much larger deposits required and the inability of householders to save for these deposits. This has led to an increase in demand for private rented homes, mainly in lower value markets in cities across the country.

Rented Housing Market Opportunity

It is estimated that rents in the UK will rise by 21% over the next five years to 2022. This is fuelled by the current housing shortage being experienced throughout the country. Suitable homes are not being delivered quickly enough to meet the demand generated by strong population growth and immigrant influx. Investors who can build property portfolios to meet the needs of tenants will position themselves to take advantage of the predicted increase in rental income.

House Price Growth

Analysts forecast that UK house prices will rise by 25.2% over the next five years. Although higher growth is expected in the South East, South West and East of England, purchase prices tend to be lower in the North and Midlands area. This means that investors have the opportunity to acquire properties that suit their pocket and the needs of their prospective tenants. Long term tenants help secure the asset while the capital growth in the property increases.

Availability of Below Market Value Properties

Many homeowners face increasing challenges. As a result banks end up repossessing homes and disposing of them at low prices to clear their books. Investors have the opportunity to purchase these properties in key cities including Manchester, Sheffield, Doncaster, Leicester and in London and the South East.

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OPPORTUNITIES IN THE UK

The
Easington
Portfolio

A portfolio
comprising 18 residential units
located in Easington,
County Durham.

Executive Summary

  • Investment / development opportunity
  • Offers invited
  • 6 of the 18 units occupied producing £16,620 per annum
  • ERV of £52,620*
    *Please note that our opinion of ERV is subject to undertaking works to bring the properties into a reasonable condition.

Overview
The portfolio being offered for sale comprises 18 residential units that are either vacant or let by way of Assured Shorthold Tenancy Agreements.

Within the portfolio 6 properties are occupied (33%). These properties are currently under management from a sole agent.

Location & Description
The portfolio offers properties located in Easington, a town on the east coast in County Durham.
The properties offer affordable accommodation in an area suited to the rental market.
A number of the properties are vacant and require modernisation, offering parties the opportunity to refurbish and increase the rental value. A detailed breakdown of the current occupancy will be provided upon request.

The Disposal Process
We are instructed as the Receivers sole agent to market the portfolio by way of private treaty. Our clients will consider both offers for the entire portfolio and also proposals for individual properties or multiple lots.

Energy Performance Certificates
Please note the Energy Performance certificates are available upon request.

Title Information
The properties are held freehold under land registry number DU260150. The freehold (outlined in red) is held subject to the exclusion of the rights to mines and minerals (shaded in pink and blue) which were transferred in two separate conveyances dated 7th April 1995 and 21st June 1995

Viewing
Strictly by prior arrangement with MENVO. We are to organise an open viewing day. Further details will be available on request.

Accommodation Tenancy Schedule