Maitlands Property Update MARCH 2015

MARCH2015PROPERTY UPDATE

Mark John- Ivybridge’s answer to great mortgage adviceIf you are thinking of buying, renting, or re mortgaging then before you do anything - make sure you get in touch with Mark John from The Mortgage Advice Bureau. Based out of the Maitlands Ivybridge office, Mark is able to offer free mortgage advice, with access to hundreds of

mortgage deals available on the market.

With the mortgage market still feeling the aftermath of the legislation changes brought into place last year, it is even more important now to speak with an advisor that is local and easy to get in touch with.

With interest rates still at an all time low, the “Help to Buy Scheme” and the pension reforms changing imminently, the summer is looking at bringing an increase in buyers and property stock.

So why not contact Mark on 01752 895379 to arrange your confidential meeting so you can get ahead of the game.

Welcome to Maitlands News

Sit back and enjoy

Pension reforms to create a new generation of buy-to-let Investors From April onwards, anyone approaching retirement age will have complete control over their pension funds, enabling them to withdraw as much of their allocated pension pot as they so choose and to use said funds however they deem fit.

Analysts predict that these new changes could provide a significant boost to the UK property market, especially the buy-to-let market. With its high yields and solid performance, it is sure to prove an attractive investment for these so-called “silver landlords”.

Property investment as a pension planResearch conducted by financial services firm Hargreaves Lansdown finds that at least one in ten of those approaching retirement age plan to take full advantage of the reforms by withdrawing their entire pension fund from the pot. Sixteen

per cent of those plan to reinvest those funds in a buy-to-let property.The buy-to-let market is performing well, as high house prices, result in many people opting to rent instead of buy. The research suggests that those approaching retirement age will reap an average of yield of between 10 and 14% of their investment. This, in addition to the potential capital appreciation, makes buy-to-let a sound investment option for pensioners.

Direct Line for Business (DL4B) found that 43% of prospective ‘silver landlords’ would consider a buy-to-let investment on the basis that it produces regular income, while 23% are drawn to the security of the investment. Seventeen per cent like the idea of potential capital appreciation while 9% simply want an opportunity to make an investment that will allow them to leave something behind for their children.

The drawbacks However, there is a catch and this is the tax obligations that come with a career in property investment. Twenty-five per cent of each withdrawal from the pension pot will be tax free, but the rest will be taxed at a marginal rate; meaning that anyone who withdraws the large sum required for property

investment could end up handing a significant portion of that over to the tax man.

The UK property market will benefit, as the silver landlord generation will provide an additional £5 billion worth of investment. However, it’s vital that anyone looking to use their pension in this way understands that they are embarking a path that requires careful and methodical management of their assets.

If the path of property investment is something that you’d like to consider, please contact your local Maitlands branch to book an appointment with one of our Independent in-house mortgage advisors who, alongside our property consultants, can guide you to make the best choices when buying an investment property.

HOTTOPIC

What does it mean for you? Home owner If you own a property under £200,000 and are thinking of up-sizing, now may be your time! It is predicted that property under £200,000 will be in demand as of April when the pension reforms kick in. If you are thinking of moving, be one step ahead and talk to local Maitlands branch today to discuss the best marketing package for you.

Over 55 You may just want to use your pension the traditional way. But if you are thinking of investing your pension in property, come and talk to us today. Our Qualified sales team are here to find you the right property for you budget and our in-house mortgage advisors are on hand to find you the very best mortgage rates for your needs.

First time buyer Due to many of the properties that would suit first time buyer (under £200,000), would also be in the right price bracket for investors, so, you may see a lot more competition when offering on a property. Be aware of this when setting your budget and talk to your estate agent about making the right offers.

RentingYou may feel that you are not affected by the pension reforms, but in actual fact there could potentially be more rental properties to choose from when your contract expires. So if you are near the end of your tenancy and thinking of moving, contact our lettings team today to discuss your property needs.

PLYMOUTH, DEVON

This delightful detached house has secure gated entry yet is located within short walking distance to the Barbican.

Accommodation comprises of open plan lounge/kitchen with fridge, oven and washing machine, one double bedroom with built in wardrobes and bathroom with mains shower over. This property is fully furnished and has parking for one car. Available now. Would suit single professional or retired couple.

TO LET £750 PCM // t: 01752 661111 e: [email protected]

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SALTASH, CORNWALL

Generous Gardens & River Views

A Victorian home within easy reach of the waterfront in Saltash. This delightful family home has four bedrooms, two receptions, extended kitchen/breakfast room. Fantastic size gardens, river views and ample off road parking. This property has many character features and is a real credit to the current owners.

Guide Price £325,000 // t: 01752 845396 e: [email protected]

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LOOKING AFTER YOUR HOME, NOT JUST YOUR SALE.

PROPERTY CARE

At Maitlands, we are committed to doing more than simply selling or letting your property, we want to help you care for your home. With that in mind, we have launched a new team to help you do just that.

The Maitlands Property Care team are on hand to help with anything from odd-jobs around your home to larger jobs such as extensions and renovations. Whether it is to help fix those little problems before new tenants move in, you are thinking of extending your property or you simply want to hire in the services of team you can trust.

The Maitlands Property Care team can help you

care for your home in a number of ways, from painting and general maintenance to tiling and plastering. Whatever your home needs, we’re here to help.

To discuss the full services of the Property Care team or to book a free quotation please call us on 01752 661111

PLYMPTON, DEVON

Ex-showhome - only built two years ago.

Modern three bedroom semi detached house with garage in a sought after location, garden and parking. Accommodation comprises; open plan lounge/dining room and kitchen, downstairs cloakroom, three bedrooms(2dbls;1sng) master ensuite and family bathroom.

Offers in Excess of £240,000 // t: 01752 344322 e: [email protected]

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THE BARBICAN, PLYMOUTH, DEVON

Mid-terrace house with rental potential

A versatile town house in a prime location close to Plymouth Hoe and a stones throw away from Plymouth Barbican with potential for a rental income, having accommodation over 4 floors, the lower ground floor being a self contained flat. There is off road parking to the rear.

Asking Price £319,950 // t: 01752 661000 e: [email protected]

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TAKE YOUR PROPERTY TO MARKET WITH VIDEO

All buildings have a story to tell. What we do is try and bring them alive with a cre-ative, personal video.

We do not use still images or 360-degree virtual tours. These are real films produced on location to capture not only the best features of the outside of the property but also the surrounding areas. We work with our clients and get to know property to ensure that videos showcase the property in the best possible light, making active and positive steps towards producing an informative insight to the property and surrounds.

Once the property is live on our website, the video is then posted on all of the relevant

social media platforms, including our popular Facebook page that has over 2000 likes.

Properties with video that are posted on social media see up to a 2000% higher click through rate to the property details online, compared to when they weren’t shared online with a video.

WHY VIDEO?In 2014, 61% of adults in the UK owned a smartphone. Tablet and smartphone devices are starting to dominate how we work and play. 44% of households now have a tablet - up from a quarter (24%) a year ago. We now spend more time on our tech devices than sleeping - a shocking statement, that we can only see good reason to adapt our marketing tools to match 2015.

For example, people around the world are posting 75% more videos to Facebook than they did a year ago.

At Maitlands, we feel that video is an essential part of launching our properties to the public.

To find our more about our property videos, call your local branch today or watch them online.

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“WATCH VIDEO

TAKE YOUR PROPERTY TO THE MARKET WITH VIDEO.

watch them at maitlands.biz

ELBURTON,PLYMOUTH, DEVON

PART EXCHANGE CONSIDEREDPlease contact Maitlands and we can talk you through the process.

An exciting opportunity to purchase an executive four bedroom detached property in Elburton, Plymstock. The property is designed to a high standard, the accommodation is spread over three floors which comprises; ground floor; two single garages and a WC, first floor; living room, study, kitchen/family room, dining room and utility room, on the top floor; four bedrooms, master suite having an en-suite and a dressing room, and an en-suite to bedroom 2. There is also a family bathroom on this floor.

Asking Price of £475,000t: 01752 344322e: [email protected]

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WE’RE READY FOR SPRING, HOW ABOUT YOUR HOME?

A recent survey suggests that the average homebuyer spends about £4,000 on home improvements within four months of moving. These changes are typically things that had little bearing on the decision whether or not to buy the property, but more about making a house into a home.

Examples include ripping out a rather dated bathroom suite, changing the light fittings, adding a garden shed, replacing kitchen unit doors and painting the walls a different colour. But how far should a home owner go when deciding what improvements to make before putting the property on the market?

If you are thinking of selling or letting your home in the coming months and have a property in Plymouth, Plympton, Saltash or Ivybridge, Maitlands Sales and Lettings would of course be happy to advise on this at the same time as providing you with a free valuation and marketing plan.

We all know that home improvements often increase the value or saleability of your home, but whilst most improvements enhance a property, they generally stay with it when it is sold. However, there are improvements you can make that will not only maximise the presentation of your home, but which you can also take with you when you move. Here are some suggestions:

1. Use rugs as a flexible way of improving a floor without going to the permanent expense of fitted carpets.

2. How about using freestanding new or antique wardrobes and cupboards that you can take with you when you move, rather than installing permanent fitted cupboards? Freestanding kitchen units can also look fantastic.

3. How about a concertina screen instead of curtains? Alternatively, a window with a miserable view can become a dramatic feature if you place statement vases or seasonal flowers on the window sill.

4. In the garden, stone garden furniture and small water features can give a sense of permanence, but can be easily removed, as can solar-powered outdoor lights.

5. If you work from home or need a playroom, a high quality timber structure in the garden is an instant, low-cost, alternative to an extension.

6. Plants and shrubs in flower beds prefer to stay there, but planted in pots and troughs, not only canthey go with you, they will also provide instant effect in your new home.

Remember you are offering buyers a home – not just a house. But do make sure that everyone is quite clear about what you intend to take with you when you move. Just avoid the phrase “that’s going”. Going with the house, or going with you?

Call us now, our valuations and expert advice is free and can mean the difference between selling and not selling, getting the best price instead of an average price.

BOTUS FLEMMING, CORNWALL

Absolutely stunning period cottage in the sought after semi-rural location of Botus Fleming, Cornwall. The property has not only been impressively extended but also beautifully and sympathetically refurbished throughout. There is also a versatile two story barn with its own water & electric supply.

Guide Price £450,000 t: 01752 850418e: [email protected]

STONEHOUSE, PLYMOUTH, DEVON

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A stones throw away from the Royal William Yard!

A beautifully presented and well looked after mid terrace property oozing character and charm throughout! The property is like a tardis and deceptively big once you’re inside - it boasts 3 reception rooms, 2 good size double bedrooms and a further generous single room, with a larger than average private courtyard which I’m told is a real sun trap!

Offers in excess of £200,000 t: 01752 661000e: [email protected]

SALTASH, CORNWALL

Generous Gardens & River Views

A Victorian home within easy reach of the waterfront in Saltash. This delightful family home has four bedrooms, two receptions, extended kitchen/breakfast room. Fantastic size gardens, river views and ample off road parking. This property has many character features and is a real credit to the current owners.Guide Price £300,000 // t: 01752 845396 e: [email protected]

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WRANGATON, DEVON

Little Cheston Farm and Cheston Hollow are beautifully maintained character properties set within generous gardens located on the southern tip of Dartmoor. Perfect for buyers looking for an additional income or families planning on co-habiting. Superb access to Plymouth and Exeter and for sale with no chain.

Guide Price £750,000 t: 01752 897909e: [email protected]

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IVYBRIDGE, DEVON

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Previously one of the ex show houses for Westbury Homes, this two bedroom semi detached home is positioned within close walking distance to the town centre of Ivybridge. Other benefits include, enclosed gardens, garage and driveway parking.

Asking price of £169,950t: 01752 895379e: [email protected]

IVYBRIDGE, DEVON

Two bedroom mid- terraced house with garage to let in ivybridge

Accommodation comprises of kitchen, lounge, two bedrooms one double and one single and a shower room. Externally there is a garage and allocated parking for two cars.

TO LET £675 PCM // t: 01752 895379 e: [email protected]

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BITTAFORD, DEVON

OPEN HOUSE EVENT SAT 11TH APRIL BETWEEN 11.00am-12.30pm

Two bedroom bungalow with double garage and driveway parking. Corner plot garden. Conservatory. DG and GCH. Updated kitchen and bathroom. Cul de sac position within a village location. No onward chain.

Offers in Excess of £230,000 // t: 01752 895379 e: [email protected]

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OPEN

HOUSE EVENT

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to use

Watch the video

2014/2015

NEED TO TALK?

Ivybridge Sales & Lettings: 8 Glanvilles Mill, Ivybridge, Devon PL21 9PSt: 01752 895379e: [email protected]

Plympton Sales & Lettings: 3 Plymouth Road, Plympton, Devon PL7 4JPt: 01752 344322e: [email protected]

Plymouth: Ground Floor, Studio 5-11, Millbay Road, Plymouth, Devon, PL1 3LFSales: 01752 661000 e: [email protected] Lettings: 01752 661111 e: [email protected]: 01752 661234 e: commercial.maitlands.biz

Saltash Sales & Lettings: 136 Fore Street, Saltash, Cornwall, PL12 6JRt: 01752 845396e: [email protected]

Land and New Homes t: 01752 897900 e: [email protected]

Fine and Country Homes from Maitlandst: 01752 663322 e: [email protected]

Maitlands Property Update MARCH 2015

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