PROPERTY IN
MANSFIELD
Derbyshire,
England
Along with several of our clients, we have recently bought a property
in the relatively unknown area of Mansfield. This is given as an
example as this sold very quickly. Our property sourcing partner
will soon release more properties in this area.
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developments and to find out how we can help you invest in property.
Here’s more about Mansfield:
Flats are available from as little as £93,000 for a 1 bedroom
and £112,000 for a 2 bedroom in the first town centre residential
development. Anticipated rental is £425 for a 1 bedroom and
£525 for a 2 bedroom flat. A real bonus is that our partner
also handles all the letting and management of this development.
Our partner has carried out extensive research on this area. Here’s
what they have to say.
OVERVIEW
It doesn’t really get to look much cheaper than Mansfield.
The regeneration plans are extensive, and likely to have significant impact
on a town of this size (only 100,000). Its very near the start of
its life cycle, so you should anticipate holding investments here for
4 or 5 years – however at the moment it costs very little to get
in.
It is very cheap, when benchmarked on a national and local basis (with
only one settlement out of the nearest 10 being less expensive). The new
property in the area is the cheapest we have ever seen. Although
it is ‘rough around the edges’, fundamentally it has very
good architecture, particularly in the centre of town. There is currently
very little new property in the area, and new flats accounted for only
5.34% of the market in 2005.
Economic stats are good, and although average salaries are low, disposable
incomes, and house price to earnings stats are considerably better than
the UK average. Unemployment is now only marginally above the UK average.
There is a lot of money and time being invested into a comprehensive
redevelopment and regeneration programme including (but not limited to):
- 6.5 acre town centre regeneration zone by a major commercial contractor
- The building of a £300m hospital facility
- A second further regeneration area (Stockwell Gate), entailing residential and commercial redevelopment, and a new transport interchange
- A new road coupled with a change in planning policy, is anticipated to create 10,000 new jobs
- The local authority are spending £63m on their stock of council property, with the intention of bringing it to a level above national ‘decent homes’ standards by 2010
Although rents are low (in line with values), due to the comparative
lack of new flats, tenant demand is solid.
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up now for our free newsletter to see how we can help you invest in
property.
Our typical clients:
- are company directors or senior executives
- have £25K min cash to invest
- are disillusioned with traditional pensions
- earn a min £75K a year
If this is you, then we can help you now. To find out
more, contact
us now.
Telephone 01525 877306
Int’l enquiries +44 (0) 1525 877306
of this
size (only 100,000).
4 or 5 years
– however at the moment it costs
very little to
get in.
| Testimonials |
| Thanks for the fantastic job
you do in managing our properties. It's great to have complete peace
of mind knowing our portfolio is in safe hands. Lee Coombes, Milton Keynes |
| You’ve shown us a way out of
the rat race. It wouldn't have been possible without your constant
guidance and expertise. P Kent, England |
"We don’t have time for sussing out various areas and properties, but you did it all and laid it on a plate for us."
