MICHELLE'S REAL ESTATE ROUNDUP / JUNE 2019 - Michelle Niziol
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MICHELLE’S REAL ESTATE ROUNDUP / JUNE 2019
MICHELLE’ S RE AL ES TATE ROUNDUP
MICHELLE’S REAL ESTATE
ROUNDUP
MICHELLE NIZIOL
Hi there! I’m Michelle Niziol, chief executive of the IMS • Landlords Choosing Longer Fixed-Rate Mortgages
Property Group and Michelle Niziol Bespoke Property • Help Buy Your Dream New Home with a Help to Buy
Investments and this is the first edition of my new monthly Equity Loan
newsletter, Michelle’s Real Estate Roundup. • Lettings Legislation Update
Each month we will be addressing the top issues and FEATURED LISTINGS
concerns of both U.K. property investors and hopefuls alike,
as we take a dive into fresh topics aimed at helping you • IMS Lettings Rental Properties of the Month
establish and grow your property portfolio.
GUEST WRITERS
For our first edition, we will be covering:
• Robustness, Longevity & Aesthetics: Top Areas for
EVENTS Building Maintenance & Improvements - David Babister
• April 4th: IMS First Time Buyer Event Recap The U.K. property industry is in a dynamic time of change.
• May 9th: Michelle Niziol Ltd. Landlord Event Promo It is more important than ever to make sure you are current
on industry news, so that you’re not left behind. Tune in
ARTICLES every month for our new market updates and insights and
as always…
• Top 5 Tips to Avoid Landlord Stress
• 4 Must-Do Tasks for your Rental Property’s Spring Happy Investing!
Cleaning
• How to Know When Leveraging Your Equity is a Smart
Move
MICHELLE NIZIOL – CEO OF IMS PROPERTY
GROUP AND MICHELLE NIZIOL BESPOKE
PROPERTY INVESTMENT
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MICHELLE’ S RE AL ES TATE ROUNDUP
IMS FIRST MICHELLE NIZIOL
TIME BUYER LTD. LANDLORD
EVENT RECAP EVENT 2019
IMS FIRST TIME BUYER EVENT In fact, many attendees ended up scheduling their first
MICHELLE NIZIOL LTD. LANDLORD discussed the profit potential of property investment in
Bicester and key strategies to realise them; Juliet Gillett,
RECAP mortgage appointments on the spot! EVENT 2019 Partner and Hannah Mitchell, Associate Director at
We would like to offer a very special thank you to all our Baldwins Accountants – who discussed property taxation;
This past April, IMS welcomed over 100 property hopefuls contributors and exhibitors, including Bromford, Dorchester Last month, on May 9th, at the Bicester Hotel, Golf & Spa, Kyle Wyness, Associate at Spratt Endicott Solicitors – who
to the Bicester Hotel, Golf & Spa to attend our bi-annual Homes, Heyford Regeneration, Spratt Endicott Solicitors Michelle Niziol Bespoke Property Investments held our discussed property litigation, recoveries and landlord-tenant
First Time Buyer Event. and Graven Hill. first-ever Landlord Event. dispute resolution; and David Babister, Director at Espresso
Architecture – who discussed property planning design and
This year, guests had access to valuable information from a Couldn’t make it this time? No problem! Stay tuned for our As opposed to our First Time Buyer Event held in April, maintenance.
number of property experts; including property developers, next First Time Buyer event during the latter half of the which catered to those looking for their first home, this
financial advisors, legal experts and mortgage brokers. year and learn everything you need to know about buying event focused on experienced property owners, looking to The evening began with a 6pm welcome reception,
Throughout the evening we covered key options for first and owning your first home. further grow and strengthen their portfolio. complete with complementary mimosas and canapes,
buyers, including Help to Buy ISAs, Help to Buy equity loans where guests met and networked with their fellow property
and shared ownership mortgages; as well as answered all The UK property industry is as promising as ever, so don’t We had an amazing team of market-leading professionals investors as well as the night’s speakers. Presentations
questions about the future of the U.K. property industry, miss your chance to get on that ladder! from every corner of the industry, who throughout the night began at 6:30pm, as one-by-one, speakers each spent a
including our view on Brexit and the opportunities it delivered key insights on their best property investment and half hour discussing their various topics and answering
provides. management strategies. This event was very successful in questions; followed by an 8:30pm closing reception,
bringing together a strong network of property owners and including an open bar, where guests mingled and enjoyed
investors, to both reinvigorate the local property market, live music.
and make our clients healthy profits while doing so.
Speakers for this event included; Michelle Niziol – who
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MICHELLE’ S RE AL ES TATE ROUNDUP
It can be easy to put off major repairs for your rental quickly and as your portfolio grows, this problem only
property as firstly, you do not live there yourself, and gets worse.
secondly, they can be financially strenuous. But that fact
TOP 5 TIPS TO AVOID
is, the longer you let damage sit, the worse and costlier Avoid having to search through all your drawers and
it will get. Avoid this snowball effect by addressing file cabinets every time you need a file by making sure
issues immediately. to keep an accurate filing system, split by property,
category and date.
LANDLORD STRESS
If a property is kept in good condition, tenants are far
more likely to treat it with care. If a property is in poor Additionally, you can organise your paperwork electronically
condition with a landlord who doesn’t seem to care, through property management software, such as Appfolio,
then the tenants won’t either. Buildium, Rent Manager and Qube Global.
5. Stay Organised Being a landlord can be a lot of work, but it is a worth-
Whether you own a single rental property or a vast while investment that will continue to grow and benefit
MICHELLE NIZIOL portfolio, it is important to keep all paperwork regarding
your properties organised. From rental agreements and
you and your loved ones into the future. Life’s too short for
unnecessary stress, so follow these five simple guidelines
invoices, to inspection lists, insurance premiums and tax and watch your landlord stress melt away.
payments, paperwork for property investors can pile up
You’ve probably heard the stories, tenants continually property insurance does not cover your rental activities.
ducking you for rent, houses being trashed and renters who Landlord insurance however, can cover everything from
refuse to leave. Add to that shifting regulations and taxes, property owner’s liability, in case a tenant gets injured
insurance issues and maintenance & repair headaches and on your property, to loss of rent, tenant default and/or
it’s no wonder that owning a rental property causes you accidental damage. It may cost a few extra pounds each
stress. In fact, a recent study by PropertyLetByUs.com has month, but that peace of mind will greatly reduce your
revealed that roughly two-thirds of landlords view their stress.
property management as more stressful than their day jobs!
April is Stress Awareness Month and in honour of stressed- 3. Perform a property inventory before tenants move in
out property owners everywhere, I have compiled my top This tip is primarily for landlords with furnished rental
strategies for landlords to pre-empt, avoid, and otherwise properties, however unfurnished properties can benefit
reduce their levels of property stress. as well. Before any perspective tenant moves in, ensure
that you have fully catalogued and photographed
There are 5 tips to avoid landlord stress: everything in the flat; from furniture, to décor, to fixed
utilities such as fans, stoves, washing machines and
1. Vet your tenants properly refrigerators. Additionally, landlords should place this
Initial tenant interviews are like first dates, everyone comprehensive list on their rental agreement for all
seems lovely, friendly and agreeable, but don’t be parties to clearly see. This simple act can avoid future
fooled, that honeymoon period ends quickly. To ensure conflict between you and your tenant about who
that you rent to the right tenant, first enquire about is responsible for what damage in the flat as well as
your letting agent’s vetting process. Make sure they provide evidence should a disagreeable tenant wish to
perform credit checks as well as employment and litigate.
character references. Secondly, check social media
accounts; here you can gain insight into their lifestyle, 4. Quickly deal with repairs
specifically their organisation and cleanliness. Every bit A quick rule of thumb for repair responsibilities is
of information you can glean helps, as once they sign on this; landlords handle major repair projects, such as
the dotted line, you’re in each other’s lives for at least a the building structure (roof, walls, foundation, etc.),
year. appliances; such as sinks, baths, toilets, refrigerators
and stoves and infrastructure; such as the water
2. Attain proper landlord insurance pipes, electrical wiring and HVAC system. Tenants are
Many landlords feel that their rental investment receives responsible for minor repairs, such as changing fuses
adequate protection from basic property insurance, and replacing light bulbs.
but this is a mistake. Generally speaking, conventional
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MICHELLE’ S RE AL ES TATE ROUNDUP
for top growth and colour, phosphorus for root growth and must test each detector individually, as well as replace all
potassium for chemical regulation. batteries.
4 MUST-DO TASKS FOR According to the landscaping rule-of-thumb, a high-nitrogen
mixture is appropriate for spring application, however once
the season progresses, a more uniform mixture is best.
Final Words
By performing annual spring cleaning and maintenance
of your rental properties, landlords are more able to keep
YOUR RENTAL PROPERTY’S
Check smoke and carbon monoxide detectors abreast of property issues and meet them before they grow
There are on average, 590,000 house fires each year in the out of hand. In addition to lower costs overall, the attention
U.K., with the majority being caused by misused cooking that your tenants see you pay towards your property’s
appliances. These fires lead to an average of 500 deaths upkeep will motivate them to do the same, as at the end of
SPRING CLEANING
each year. With these startling statistics, your rental the day, a clean and well-maintained property is what any
property’s smoke and carbon monoxide detectors can be quality tenant is looking for.
seen as one of the most important tools it has.
Happy spring cleaning!
Yet the simple step of checking your property’s fire Spring is here once again! As we all know, spring cleaning
detection system is often overlooked. This periodical check can be a tedious, but necessary, process. Make your
MICHELLE NIZIOL can end up being a tragedy-avoiding, life-saving measure; cleaning a little easier this year with these four key spring-
a measure which most landlords can tell you, the tenants cleaning tips for the motivated landlord.
rarely perform themselves. As such, each spring, landlords
The first day of Spring has once again arrived and for many using a wire brush to break it free.
a homeowner that means one thing, time for the annual
sprucing of your property. Spring cleaning is here! When cleaning gutters, always remember Safety First. Make
After months of freezing weather throughout the U.K., it’s sure to use heavy work gloves to protect your hands from
common for us to get the desire to open the windows and any sharp objects, such as sticks, or glass, which can cause
freshen up your living space. However, as a responsible injury, and/or infection. Secondly, never clean from the roof;
landlord and property owner, one of your main duties is instead use a ladder, and always do so with a partner.
to care for your rental properties with the same level of Seal holes around the foundation where critters can get in
attention, and passion, that you place on your own home. Small openings around the foundation of your rental
As much as this time of cleaning may be a chore, performing property, including those for wires and pipes, make for
seasonal maintenance and repairs of your rental properties ideal entry points for critters to work their way inside the
aids in keeping your long-term property costs down, as well bones of your house. Perform an extensive evaluation of
as helps prevent the need for extensive overhauling due to each such opening on and around your property and fill in
wear and tear. all excess spaces with a £5 can of spray foam to ensure an
airtight seal.
Here are the top four spring-cleaning and home
maintenance tips for your rental property: Additionally, in order to prevent the build-up of insects
in the first place, make sure your tenants know to keep
Clean the gutters moisture away from the property’s foundation, as well as
Gutters are one of the most vital parts of your house’s eliminate any sources of standing water.
infrastructure. Through their directing and channelling of
rainwater, they aid in protecting your home from its roof Fertilise the Lawn
right down to its foundation. However, when neglected, As with all living things, grass needs a steady source
overtime these gutters become filled with leaves, sticks of nutrients to survive. However, if you are like many
and other debris, which not only leads to water damage homeowners, you have not fertilised your lawn in some
throughout your house’s roof and walls, but also provides a time, undoubtedly leading to patchiness, browning, bare
nice habitat for pests and rodents. spots and weed growth. However, with a proper application
of fertiliser, these problems can become a thing of the past.
Starting at the drain exit at the end of the gutter, begin When selecting your fertiliser, be sure to view its label
scooping out loose debris with a garden trowel or gutter for a three letter/number code, as that indicates the level
scoop until no more can be seen. Secondly, use a high- of nutrients found inside. The three letters N, P & K,
pressure hose to wash the gunk out of each length of indicate a chemical composition of nitrogen, phosphorus &
gutter. If gunk is encrusted to the sides of the gutter, try potassium. Your grass needs all three to survive; nitrogen
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MICHELLE’ S RE AL ES TATE ROUNDUP
HOW TO KNOW WHEN
LEVERAGING YOUR EQUITY
IS A SMART MOVE
MICHELLE NIZIOL
SHOULD I LEVERAGE EQUITY TO PURCHASE WHEN TO LEVERAGE EQUITY
AN INVESTMENT PROPERTY?
The optimum conditions in which to leverage equity occur
Leveraging your equity, or borrowing money against a when house prices and rental prices are rising. Should house
mortgage, gives a borrower the opportunity to rapidly values and achievable rents decline, the loan payments on a
expand their portfolio. It’s an ideal option for a property property purchased through leveraged equity may become
investor with a successful investment, eager to expand but too great to bear. However, investors should not despair:
lacking capital. Leveraging equity opens the borrower up to the market is constantly changing. An investor who has
considerable opportunity but is not without risk. Borrowing carefully scrutinised the market in the months ahead of
against borrowed money exposes an investor to significant price rises will be best placed to capitalise and be so well-
potential profits, but to significant losses, as well. So much informed as to minimise risk.
is reliant on the market, and an astute and well-executed
strategy. Research is critical for this type of investment and potential
investors should conduct due diligence about the state
HOW TO LEVERAGE EQUITY of the market, and the state of investments in the area.
They should be sure to gather data to determine the value
Usable equity is defined as 80% the value of the property of properties in the area. Look beyond property, and
less the value of the mortgage. Borrowers are allowed to into industry. Is the proposed investment a satellite area
borrow up to four times the amount of usable equity to buy dependant entirely on a single employer? Examine the
another property, such as an investment property. employer’s year on year reports. Yearly reports showing
For example, an individual may own a property worth negative figures may indicate that the company is open to
£400,000. 80% of the value of the home is £320,000. If acquisition or movement to a less expensive area. It is these
they have a mortgage on the property of £220,000, the moves, in addition to the market in general, that will have
amount of usable equity would be £100,000. Using the the greatest impact on an investment.
expectations are reasonable. Your research has given a LOOKING TO THE FUTURE
rule of four, the buyer would multiply the amount of usable picture of what to expect, but in the world of investing,
equity by four. In theory, the individual could apply to After developing your knowledge of the area, having an
markets change constantly. An area reporting a 9% yield Potential investors should gather all information available
borrow up to £400,000 to invest in another property (or investment strategy is critical, because the decision to
for the past five years may not continue to grow. Be sure to to them, to create the most informed view of the market.
properties). This investment property could be let out to leverage your equity will impact both short and long-term
choose a mortgage payment that will be payable without a Knowledge (and the guidance of a trusted financial adviser)
residential or commercial tenants to achieve an additional goals. Speak to a qualified financial adviser to develop your
tenant for several months, and always keep an eye on cash will greatly aid investors in making the correct investment
income. However, borrowing is complex: banks look at long-term investment strategy, to see when (or if) borrowing
flow. In theory, the rent should cover both your mortgage choice.
a myriad of other sources, such as age, job status, and at this scale fits into your timeline. Short-term plans should
and the cost of any repairs, as properties can amass
income, when making calculations about individuals. Using have a prepared exit strategy, and long-term plans should
significant expenses.
all available equity at once is inadvisable, in the case of an have options to handle market fluctuations.
unforeseen emergency.
Should you decide to leverage your equity and invest
in property, it is important to make sure your yield
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MICHELLE’ S RE AL ES TATE ROUNDUP
LANDLORDS CHOOSING
LONGER FIXED-RATE
MORTGAGES
MICHELLE NIZIOL
Greater uncertainty surrounding Brexit and other of the mortgage term. The product comes with a £1,995
macroeconomic factors, along with regulatory changes in completion fee.
the buy to let market, are leading to landlords choosing
longer fixed rate mortgages. Whilst mortgage rates have been rising over the past few
months, and are expected to continue increasing this year,
There has certainly been an increase in landlords choosing they are still low compared to where they were a few years
five and 10-year fixed deals over the past six months, and ago.
this trend looks set to continue in 2019.
Those looking for a longer fixed rate mortgage will find that
Longer term mortgages are also appealing to landlords 10-year fixed deals are also more competitive than they
because they come with less stringent testing by the were last year. The Mortgage Works has a buy to let 10-
lenders, and landlords get the added security of knowing year fixed mortgage at 2.74%, 65% LTV and a fee of £1,995.
what their mortgage repayments will be over a longer The product will revert to the lenders managed rate of
period. 4.74% at the end of the term. The product also comes with
£250 cashback upon completion.
A five-year fixed buy-to-let mortgage usually comes with
higher interest rates, higher fees and will require a larger Also, landlords could save money if they moved from their
deposit – usually at least 25% of the property value – 75% lender’s standard variable rate to a fixed rate mortgage. An
loan to value. average buy to let mortgage on a standard variable rate for
a sum of £150,000 rose last year from £620 in September
Landlords should be wary of the fees that lenders charge to £629 in October. This is compared to fixed deals which
for arranging the mortgage. This needs to be considered got cheaper towards the end of 2018.
when costing up the new mortgage. It is worth seeking
guidance from a mortgage broker about whether it would To win over landlords, lenders are also offering landlords
be most cost effective for you to add the fees to the cashback incentives. Leeds Building Society has increased
mortgage or pay them upfront. its cashback on two and five-year fixed rate buy to let
products from £500 to £1,000.
Landlords will need the rent to be at least 125% of the
mortgage payment to satisfy the lenders criteria, some If you’re coming to the end of your current fixed rate
lenders require 140% or 145% especially if you are a higher mortgage or are on the lender’s standard variable rate,
or additional rate tax payer. speak to a mortgage broker about your mortgage options.
Whether you have one buy to let property or five, they will
Lenders have expanded their range of longer term buy-to- be able to advise you on the best options for you.
let products on the market and are providing some very
competitive deals to attract buy to let landlords.
Skipton Building Society currently has one of the best
rates on the market – a five-year fixed rate product at
2.02%, 60% loan to value, reverting to 5.19% at the end
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MICHELLE’ S RE AL ES TATE ROUNDUP
HELP BUY YOUR DREAM
NEW HOME WITH A HELP
TO BUY EQUITY LOAN!
THOMAS HONOUR
WHAT IS A HELP TO BUY EQUITY LOAN? the first five years making home ownership much more
affordable.
The help to buy equity loan scheme was launched in April
2013 in a bid to kick-start the UK property market and After five years you repay the interest each month which
make it easier for people with smaller deposits to buy their starts at 1.75% and increases in line with inflation plus 1%
first home or move up the property ladder. each year. The interest payments are paid alongside the
monthly mortgage payments. Remember, you are only
The scheme is currently available on newbuild properties paying the interest each month so the equity loan size will
until 2021 so you can still take advantage. You will need not reduce unless you take steps to repay the capital.
to put down a minimum 5% deposit and the government I would recommend you speak with your mortgage broker
with provide you with an equity loan of up to 20% (40% before the end of the interest free period to discuss re-
in London) of the property value meaning you will need a mortgaging as an alternative option to paying the interest
mortgage for the remaining 75% of the property value. each month.
So, if you were buying a new-build house for £300,000 You must repay the equity loan in full if you decide to sell
with the minimum 5% deposit you would need: or when your mortgage term ends (typically 25 years),
• Deposit: £15,000 whichever is sooner. At this point you must pay back the
• Equity Loan: £60,000 percentage borrowed from the government regardless if this
• Mortgage Amount: £225,000 is higher or lower than the original amount borrowed.
If you have not made any provisions to repay the equity
One of the key benefits to using an equity loan is that you loan at the end of the mortgage term (typically 25 years)
only need a mortgage for 75% of the purchase price which then you may need to sell your home.
means you have access to better interest rates, instead of
95% mortgages where they are limited in supply and the Help to Buy equity loan in numbers
interest rates are higher. • 158,883 legal completions from April 2013 – December
2017
ARE YOU ELIGIBLE FOR AN EQUITY LOAN? • £8.27bn worth of equity loans issued from April –
December 2017
The eligibility criteria for an equity loan is very straight- • 81% are first time buyers
forward, you must: • £52,026 average equity loan amount from April 2013 –
• Have a minimum 5% deposit December 2017 (Figures provided by Homes England)
• Be looking to buy a new-build of up to £600,000
• Live in the property as your main residence and not own If you are interested in buying a new-build property, then an
any other property equity loan is worth considering. To apply for a help to buy
equity loan mortgage, speak with help to buy recommended
mortgage broker IMS on 01869-248 339 or mortgages@
HOW DO YOU REPAY YOUR EQUITY LOAN?
imsinternet.co.uk.
You do not pay a penny of interest on the equity loan in
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MICHELLE’ S RE AL ES TATE ROUNDUP
LETTINGS LEGISLATION
UPDATE
MICHELLE NIZIOL
THE TENANT FEES ACT 2019 IS COMING INTO TV licence and council tax; and
FORCE FROM JUNE 1ST. 7. A default fee for late payment of rent and replacement
of a lost key/security device, where required under a
tenancy agreement
With government focus on making renting more affordable 8. Penalties: If the fee charged is not on this list, it is
to tenants, the tenant fees ban has been introduced. a prohibited payment and should not be charged.
Penalties are high, if it is found that a banned fee has
There are two key dates to consider been charged to the tenant a fine of up to £5000 per
1. From 1 June 2019, if you enter into a tenancy offence can be imposed. This fine is for a first offence
agreement, student let or licence to occupy housing in and if a person commits a second offence within 5 years
the private rented sector, any fees or other payments the fine increases up to £30,000 per offence. A second
that are not included in the list of permitted payments offence is also a criminal offence and can also result
are prohibited. Landlords will be responsible for the in a Banning order. Any financial penalty imposed is
costs associated with setting up, renewing or ending enforceable as if it were an order of the Court.
a tenancy (i.e. referencing, administration, inventory,
renewal and check-out fees). Charges associated with Section 21. A tenant cannot be evicted using the section
pet clauses such as professional cleaning and pet 21 eviction procedure until any unlawfully charged fees are
treatments for fleas will be banned. repaid or any unlawfully retained holding deposit returned.
2. From 1 June 2020, the ban on fees will apply to all All other rules around the application of the section 21
applicable tenancies and licences to occupy housing in evictions procedure will continue to apply.
the private rented sector. You will not be able to charge
any fees after this date (apart from those fees which are What does this mean for existing tenancy agreements?
expressly permitted under the ban.) If a tenancy agreement was entered before 1 June 2019,
fees written into that agreement (e.g. check-out, renewal
Permitted payments are limited to: fees etc) can continue to be charged until 31 May 2020.
1. the rent After 1 June 2020, the term requiring that payment will
2. a security deposit capped at no more than five weeks’ no longer be binding. Should a payment be charged to the
rent where the annual rent is less than £50,000, or six tenant after this date in error, the landlord or agent should
weeks’ rent where the total annual rent is £50,000 or return the payment immediately within 28 days. Agents and
above landlords do not have to pay back any fees that have been
3. a refundable holding deposit (to reserve a property) charged to a tenant before 1 June 2019.
capped at no more than one week’s rent. This can be
THE TENANT FEES ACT 2019 IS COMING
put towards the first months’ rent with the tenants Silver lining. Whilst this legislation places much of the
agreement. Reasons for a landlord or agent to retain this financial burden on renting on the landlord and agent, it
is in the long term a positive step closer to the industry
INTO FORCE FROM JUNE 1ST
holding deposit are restricted and strict timeframes exist
for holding and returning the deposit. becoming regulated, and it will undoubtedly see the closure
4. A variation to the Contract when requested by the of companies charging hugely inflated fees and operating
tenant, capped at £50, or reasonable costs incurred if bad practices.
higher
5. payments associated with the surrender of the tenancy, The guidance is complex, if you have any questions as to
when requested by the tenant how this will affect you as landlord or tenant, please do not
6. payments in respect of utilities, communication services, hesitate to get in touch with the IMS lettings team.
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MICHELLE’ S RE AL ES TATE ROUNDUP
IMS - LETTINGS OF THE ROBUSTNESS, LONGEVITY &
MONTH AESTHETICS: TOP AREAS FOR
THE FAIRFAX, HEYFORD PARK BUILDING MAINTENANCE &
IMPROVEMENTS
Beds: 6 / Bath: 3 / Monthly Rent: £2,250
‘The Fairfax’ is a stunning six bedroom home spread across
three floors, the property boasts a large open plan kitchen
and dining room and kitchen with bi-folding doors to the
garden. There is an en-suite and walk-in wardrobe to the
master bedroom, en-suites to bedroom two, three and DAVID BABISTER – ESPRESSO ARCHITECTURE
four. The property has high ceilings to the ground floor and
includes a utility room, family room along with a garage and
driveway.
INVESTING IN PROPERTY IS A TRICKY
BUSINESS AND MAKING SURE YOU SPEND
YOUR MONEY WISELY IS IMPORTANT.
OXFORD ROAD, KIDLINGTON
After considering the essentials to get your property past
Beds: 1 / Bath: 1 / Monthly Rent: £975 all the Statutory approval requirements, you should then
consider robustness, longevity and aesthetics.
IMS Letting Solutions are pleased to announce this One Bed
Apartment in Bowood Court Kidlington, Oxfordshire. The Aesthetics is the main area that tenant will see and buy into,
apartment is close to the new Oxford Parkway Station and however without the other two your investment will look
is a short journey into Oxford or Bicester. tatty very quickly.
This luxury top floor apartment is larger than average, with Choosing the right building materials, paints, finishes,
a spacious open plan Kitchen/Living area. The Kitchen is fixtures and fittings will make a great deal of difference to
fitted with integrated dishwasher, single oven, 4 gas burner the quality of the finished product. You will need to think
hob and 1.5 sink with drainer. about ongoing maintenance whatever you choose, but a
good quality palette of materials will serve you well for
many years to come. Buy cheap…buy twice, as they say!
There are a few areas which don’t necessarily cost a great
deal of money. Your building should be designed to offer the
PRIORY ROAD, BICESTER best use of space, take advantage of natural daylight, the
warmth of the sun (or shade) and any good views.
Beds: 2 / Bath: 2 / Monthly Rent: £2,000
Ensure that circulation space is kept to a minimum but
This fully serviced, luxury two-bedroom apartment offers not so tight that spaces feel cramped. The organisation of
accommodation in the centre of Bicester town, just a 4 circulation and habitable spaces will make the building either
minute walk from the famous Bicester Village and Bicester ordinary or amazing. This is where your Architect comes in.
Village station which provides direct links to Oxford and Years of training and a professional eye will make the best
London Marylebone. Available mid June. opportunity of the spaces available to you.
This property is situated in the centre of Bicester within For further information, or to book your first architectural
walking distance of the town which includes supermarkets, consultation, call 01869 388 959 or visit www.
restaurants, takeaways, dry-cleaners, and library. espressoarchitecture.co.uk.
W W W. M I C H EL L EN I Z I O L .CO.U K | EN Q U I R I E S @ M I C H EL L EN I Z I O L .CO.U K | 018 69 9 27 101W W W. MI CHEL L ENIZIOL .CO.UK | EN QUIR IE S @MICHEL L ENIZIOL .CO.UK | 01869 927 101
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