Its fully managed service puts the management of rental property in professional hands, allowing clients to sit back and
Edinburgh Property News
Summer 2017
Highest Calibre of property management Calibre Property Management, a boutique property management company, was launched last month to bring the highest standard of service delivery to landlords in Edinburgh and the Lothians. Director William Lobban founded the small, familyrun firm having built up considerable experience in the property market in and around the Scottish capital under a franchise agreement with a national agency. “Being completely independent enables us to offer a bespoke service to each client and search the entire market for the ancillary products and services, such as rent guarantee and landlord buildings insurance, that are most fitting to individual requirements,” he said. “Working collaboratively, we can help you to maximise the value of your rental investment. Your property is our passion.” William runs his new company as he did his last – offering landlords a single point of contact and the highest calibre of service. Each account is handled at a senior level and each client has a single contact for all of their property
management needs – from viewings, reference checking and property inspections through to invoicing, maintenance and repairs. The property investment market is continually evolving and his wife Jennifer assists him with marketing and communications, ensuring clients are kept abreast of important property market developments. Calibre offers a range of services to suit requirements. Its fully managed service puts the management of rental property in professional hands, allowing clients to sit back and enjoy their investment returns, while its tenant find only service is better suited to those who prefer to be more hands-on. The vast majority of people now source rental property online and as an online agency, Calibre is able to keep costs competitive. It works in the field with a range of experienced contractors and skilled tradesman, and typically meets landlords at their rental properties, though has meeting space in central Edinburgh for those who wish to use it.
Whether you are simply looking for some further information or would like to book a no-obligation market appraisal of your property, we’d be delighted to talk. Call or email on the details below.
calibrepm.co.uk
[email protected]
0131 210 0075
Edinburgh Property News
Summer 2017
PROPERTY WATCH Welcome to Property Watch, a regular column in which we showcase what has caught our eye in the property market in and around Edinburgh. Whether a brilliant property on our books or one that has come onto the sales market, we will highlight what’s out there and what property investors are earning from their investments.
Easter Road
Property or portfolio? What would you do with quarter of a million pounds – invest in property or the stock market? When asked ‘property or portfolio?’ UK adults overwhelmingly chose to invest in buy-to-let property. A poll of more than 2,000 people found them to be three and a half times more likely to invest £250,000 in a buy-to-let property (56%) than in the stock market (16%). Women are almost seven times more likely to choose property (60%) over shares (9%), according to the women and money series from Fidelity Personal Investing. Other research, by peer-to-peer lending platform Kuflink, shows that UK investors are turning to property amidst the snap general election and Brexit. The survey of 1,100 UK investors found that Brexit and the election have impacted UK investment decisions more than any other political event in our lifetime. More than one third (34%) of respondents – the equivalent of ten million investors across the country – said that Britain’s decision to leave the European Union has drastically affected the way they manage their investment strategies. And 30%, equivalent of nine million investors, stated that over the course of the 2017/18 financial year, they would be directing their attention to traditional asset classes such as property. However, the findings come despite a raft of additional tax hikes for landlords, including an extra 3% in stamp duty. Landlords are also no longer able to claim higher rate tax relief on mortgage interest payments. At Calibre, our clients are mitigating these new rules thanks to prudent property portfolio management. Our three top tips are:
Just added to the sales market is this one bedroom flat on Easter Road. This flat has an asking price of offers over £110,000. One bedroom properties are always in high demand and this flat would be well suited for rental. Expected rental income of £650pcm would give a yield of 7%.
Bonnington Bond
This is a property from our rental portfolio. It is a spacious two bedroom flat in the Bonnington Bond development in Leith. Having been on our books for almost three years this property has seen the rent increase £150 over this time to £950pcm. High quality luxury apartments such as these always have strong rental demand from professional tenants. This property has a yield of 6.5%.
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Do your sums Working out the yield on a potential investment is crucial. To do this multiply the expected rent by 12, divide by the asking price and multiply by 100. A monthly rent of £950 on a £200,000 property, for example, equates to a 5.7% yield. Make an allowance for maintenance and management costs.
Check out our new website calibrepm.co.uk Like us on Facebook @calibrepm Or call us on 0131 210 0075 Whether an old, new or prospective client, we’d love to hear your feedback and see what we can do for you.
calibrepm.co.uk
Review rent regularly Could you be achieving a higher rent? Would a few improvements enable you to charge more, increasing your rental yield? A good agent will write annual rent reviews into tenants’ contracts. Keep abreast of legislation Make sure you keep up to speed with the rules, or let a property management firm do it for you. You must declare the income you receive, less allowable expenses, on your annual tax return.
[email protected]
0131 210 0075
