We all know that for various reasons political or social that has and is pushing the demand for more rental properties but when you have a town such as Dunstable which has the M1 on its doorstep, access to London in 45 minutes using the new Busway/ train from Luton and distribution centres/headquarters for large employers such as Superdrug, Whitbread, WHSmith and Amazon you begin to understand why the demand for rental property in Dunstable is so high.
If you are an investor and carrying out due diligence before purchasing your next Buy-to-Let property you should be calling the local agents in Dunstable to find out how many rental properties they have. Ask for 2 bed properties. Any 2 bed properties, houses or flats and you will be advised there are none available. Try 1 bed flats or 3 bed houses. They might take your name to call you after the viewings they have already scheduled have been carried out, but they won’t need to because they will be snapped up straight away.
I picked up the keys for a 2 bedroom house in Houghton Regis on Thursday at 1pm. One of our landlords had just completed that day, but we had advertised it earlier in the week. I had 9 viewings lined up from 3pm that afternoon with an offer on the day and 3 more the next day. With some internal cosmetic work by our maintenance contractor this Sunday, a gas safety and professional clean early next week the tenants should be moving in on Wednesday/Thursday next week. Property purchased, tenants found and fully referenced, works carried out, tenancy signed and occupied within a week.
Our door is always open (especially in this weather) to talk about your next investment, where to buy and what type of property. With my background of 30 years working for Architects in London and my position as the Lettings Specialist at the Luton property Investors Network (PIN) meetings I know a bit about buildings and can quickly assess the suitability of a property as an investment. Yes I know I said ‘Luton’ Pin but my presence and knowledge of the Dunstable market had made a number of investors make their next Buy-to-Let purchase in Dunstable instead of Luton.
If you would like to discuss the property investment market in Dunstable call our shop on 01582 343209, drop into our shop at 18 Church St,Dunstable, email me on daniel.bourke@belvoirlettings.com or come to the next Luton PIN meeting where you will find me giving the Lettings update. If it is your first time and you contact me I can give you a free invitation.
