The best deals are often the ones that are not on the market yet such as this development of 1 and 2 bedroom apartments in Dunstable town centre
My background in Architecture where I worked for Architects in London for 27 years, 21 of which were for a leading Architectural practice of that time has given me an advantage when talking to landlords and developers. I have a greater understanding of property and how buildings work and are constructed allowing me to offer advice gained from years of Experience.
In the last few years I have worked with a number of developers and one I have been working with recently is about to complete a conversion of a building in the centre of Dunstable into 1 and 2 bedroom apartments with parking.
Initially we were working on renting all of the apartments when they are ready, but now he is looking to place them on the market for sale first. He also has another larger development in Dunstable where work is due to start later this year.
The development which is about to complete is a mix of 1 and 2 bedroom apartments finished to a high standard. In reality the 1 bedroom apartments have 2 double bedrooms, but can only be sold as 1 bedroom apartments with a ‘study’ due to planning restrictions. From a rental perspective this will be a 2 bedroom apartment to rent.
The expected asking prices for these new 2 double bedroom apartments in the centre of Dunstable with parking will be from £165,000 - £175,000 and the expected rental value for new apartments in Dunstable with 2 double bedrooms would be £800+pcm.
I don’t do sales and concentrate fully on lettings so for me there is no momentary value in promoting the sales of these apartments, but I do enjoy working with developers, talking to landlords and developers about their properties and investments and helping them where I can. This is one of the reasons you will find me presenting at the Luton Property Investors Network (Luton PIN) meeting every month. I also highlight potential property that investors might be interested in and could enquire about before it comes to market.
If you would like some more information on this or would like to register with me so that I can inform you of other developments or interesting investment property that are on the market or coming to market please complete and submit the form below.
Daniel Bourke is the owner of Belvoir Lettings Dunstable and in his previous career in Architecture he was an Associate in a leading London Architectural practice