81.9% of Boston properties have 3 or more bedrooms

Problem or opportunity?

The orthodox way of classifying property in the UK is to look at the number of bedrooms it has rather than its size in square metres. It seems that homeowners and tenants are happy to pay for more space. It’s quite obvious, the more bedrooms a house or apartment has, the bigger it is likely to be. The reason being not only the actual additional bedroom space but the properties with more bedrooms tend to have larger / more reception rooms. However, if you think about it, this isn’t so astonishing given that properties with more bedrooms would typically accommodate more people and therefore require larger reception rooms. Continue reading “81.9% of Boston properties have 3 or more bedrooms”

Property of the week: Mayflower Road, Boston

This established semi-detached house is set within a popular residential location. There are many amenities located nearby including primary school, convenience store and chemists.

Internally the house offers entrance hall, lounge, conservatory, kitchen, bathroom, 3 bedrooms, family bathroom and an en-suite shower room. The property further boasts offer road parking to the front and a low maintenance garden to the rear.

Because of the location and accommodation on offer, I believe the property should gain a yield of around 6.53%.

Contact Bruce Mather for further details.

http://www.rightmove.co.uk/property-for-sale/property-54710395.html

8,100 People Live In Every Square Mile Of Boston

Is Boston Over Crowded?

Boston is already in the clutches of a population crisis that has now started to affect the quality of life of those living in Boston. There are simply not enough homes in Boston to house the greater number of people wanting to live in the town. The burden on public services is almost at breaking point with many parents unable to send their child to their first choice of primary or secondary school and the chances of getting a decent Dentist or GP Doctor Surgery next to nil. Continue reading “8,100 People Live In Every Square Mile Of Boston”

Property of the week: Granville Street

This semi-detached house is located within close proximity to Boston town centre. Within easy access are all local amenities including train and bus stations and supermarkets. Also nearby are several schools.

The property offers very well presented internal accommodation including Entrance porch, hallway, lounge, dining room, kitchen, office, utility room/cloakroom, 3 bedrooms and family bathroom. To the rear the property offers low maintenance rear garden which is predominately laid to lawn with hedging around.

The property would make an ideal investment and should generate a yield of around 6.75%

Contact Sharman Burgess for further details.

http://www.rightmove.co.uk/property-for-sale/property-41554731.html

Post Brexit – Are Boston Property Prices set to drop £14,300 in the next 12 months?

We all have to admit that however we all voted in the referendum the Brexit vote will, in one shape or another, affect the UK Property market. Excluding central London which is another world, most commentators are saying prices will be affected by around 10%. So looking at the commentators’ thoughts in more detail, property values in Boston will be 10% lower than they would have been if we hadn’t voted to leave the EU.

As the average value of a property in the Boston Borough Council area is £142,600, this means property values are set to drop for the average Boston property by £14,260. Continue reading “Post Brexit – Are Boston Property Prices set to drop £14,300 in the next 12 months?”

28.10% of the Boston Homes Are One Person Households

For those of you who read the Brexit article published on the morning after the referendum, one of the reasons on why we thought the Boston property market would, in the medium to long term, be OK, was the fact that the size of households in the 21st Century was getting smaller – which would create demand for Boston Property and therefore keep property prices from dropping. Continue reading “28.10% of the Boston Homes Are One Person Households”