Thursday, January 3, 2008
According to a recently published report from RICS (Royal Institution of Chartered Surveyors) the price of farmland near Slough continues to rise as demand outstrips supply.
In the North-East alone farm land sales prices have risen on the first quarter of the year at an average of £2,650 an acre to £2,125 an acre.
Demand for commercial farm land has increased in the first quarter of the current at a swift rate since the RICS began the land price survey back in 1999.
The farm land sale in North East of UK, particularly near Slough is reaching an upward growth. An important fact to note is that the buyers are not particularly farmers but individual investors and developers.
Land as a whole in UK is very difficult to own. In such a scenario one can find more available farm land for sale than any other types of land. This has resulted in people opting for more farm lands even if they do not intend to farm. One can find farm land in North East and particularly in Slough being traded at an enormous quantity be it in small plots or large plots.
A recent research report shows that in 2001 UK population grew by 236,800, in 2002 by a further 215,000, and growth from mid-2002 to mid-2003 was 232,100. The UK as a whole would need over seven million more houses over the next six decades – an increase of 28 per cent in the housing stock compared with 2006. This is equivalent to more than twice the number of houses in London in 2003 and 163 times the number in Slough.
With the ever increasing head count, the demand for space to dwell is increasing. Farm lands can provide a definitive answer to meet the growing requirements.
Groombridge land has high potential for development
The Groombridge land is agricultural land and has a high potential for development. Groombridge is located on the edge of west Kent, some 7 kilometers to the west of Tunbridge Wells. Groombridge is notable for the unspoilt nature of The Green and its enclosure by groups of buildings that are completely harmonious and with nothing out of place.
Key Characteristics of the Groombridge Land are:
- the unspoilt rural setting in the Metropolitan Green Belt area and the High Weald area of Outstanding Natural Beauty;
- the topography created by the valley of the River Grom and dominance of trees in the parks, along roads and the river and encircling the northern side of the settlement;
- the sloping green and its exceptional array of 17th century cottages, remarkably unspoilt; As a result of the above, the 56 listed buildings, no less than 27 of which are Grade II* and five are Grade I. Such a concentration of high grades is wholly exceptional and serves to underscore the very special quality of the settlement;
- Groombridge Place, remarkably little altered since it was rebuilt in the second half of the 17th century, with its 17th century walled garden and 17th century and later landscaped park, a Grade II* registered landscape;
- the 'Gothic survival' church built in 1625, an unusual date for the building of a church, and the four listed Camfield monuments in the churchyard;
- the complete ensemble of village green, church and Groombridge Place with only the minimum of intrusion from the 20th and 21st centuries;
- the mellow variety of building materials, of brick, tile hanging, tile roofs, timber-framing, sandstone and weather boarding;
- the soft and ambiguous boundaries of the properties fronting The Green; and
- the harmonious uniformity of paint colours for doors and windows on The Green.
The unique qualities of Groombridge have been recognized for many years and the village is well preserved. Groombridge Place is rich in historical associations and current day attractions. All these characteristics make it a land with potential for investment.
3 Reasons to Own Rental Properties in College Communities - Part1
Having personally experienced the pleasure of owning rental properties in a college (university) town, there is a wealth of reasons to locate one's properties in a community that houses a center of higher education. Listed below are just three of the myriad reasons a rental property owner should add college-town rental properties to their portfolio.
1.) Rentals Already Leased -Rentals already leased? What this refers to is the fact that most rental properties that one purchases in a college community are already populated with tenants. This means that the initial cost of getting the property rented or having it set vacant (for a month or two) is NOTHING! The only catch for the new property owner is to make sure that the tenant is a good one; that's easy enough.
2.) Money in the Air - College and University towns are full of money; government money. Most tenants that are students have plenty of student-loan money and almost always pay their rent on time. As an added bonus, one can locate their rentals near a private university, thus tapping into the government's money as well as wealthy parents that prefer to send their students to the best educational institutes.
3.) Ample Supply of Tenants - There are often plenty of tenants to go around. Although many colleges house their students on campus, they never come close to housing all of them. Juniors, seniors, and graduate students often represent most of the rental market in these areas (which is good, because they are, in most cases, more mature and responsible).
College towns are great towns for rental properties, but a few precautions should be taken before jumping in. First, investigate the town to make sure that there are enough tenants to go around and that the school is growing; not shrinking. Secondly, colleges and universities that have excellent graduate programs are more preferable, because they get older students that almost always live OFF campus. After satisfying the above two precautions, one is ready to enter the lucrative niche that this article's title describes.
The author is the founder and owner of ManageYourRentals.com and LandLordDocuments.com
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