Property of the week

8 Newton Drive, Stapleford, Nottingham, NG9 7GS - £105,000

Click here to see the property on Rightmove

This property has been marketed since 15/06/2012, the price initially started at £110,000.

A similar property on Newton Drive sold for £114,950 on 27th April 2012.

The property is situated near George Spencer School which is highly sought after, it should therefore Let readily and attract long term tenants. It will also benefit from the Toton Tram service which will help with long term capital growth.


It should let out for approximately £550pcm, so you are looking at a gross yield of around 6.2% (based on the asking price alone).

Questions & answers

We have a legal team at Belvoir Lettings that all of our landlords can make use of (via our staff),  please see some questions below that have previously been asked, and the answer:

*(info supplied by the Belvoir Legal Helpline)
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Question:
I had a new tenant move into a property whereby the electric cooker was not working for 7 days. The tenant has brought in receipts for dining out which amount to over £211 and wants reimbursement. Can he do this?

Answer:
The tenant deserves some compensation for the non-use of the cooker but would suggest this is in the ball park of £20-30. It certainly does not give the green light for the tenant to eat out at restaurants etc.
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Question:
We have a tenancy where husband was the only tenant, although his wife and children also live at property. Husband and wife are splitting and husband moved out. We issued a Section 21 to terminate the tenancy 30th August. Husband paid rent to this point. We have today received a call from the council, who advise that they are searching for a property for the wife and children but no joy as yet. She will not be out by 30th August. I don't think the husband will continue to pay rent as says not his problem. Do we just go ahead with possession order although the tenant will have surrendered tenancy but wife not moved out?

Answer:
The tenancy continues, for the tenant, until such time as he grants vacant possession, therefore it is his problem. If the wife and children do not move out his tenancy continues whether he lives there or not and he remains liable for the rental and upkeep and care of the property. The tenant has not surrendered the tenancy, as again he has not granted vacant possession. Therefore you can start possession proceedings whilst bearing in mind that until vacant possession is obtained the tenant remain liable. I suggest you make him aware of this without delay, if he will not accept this suggest he takes his own legal advice.
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Question:
Gas safety record - Tenant on holiday for the next three weeks, did not inform us of extended time away. We contacted her regarding arrangement of the test and asked if the engineer could go in with keys, but she has refused access. Should we write and say she is in breach of contract by not allowing access?

Answer:
Yes; point out it is your statutory obligation to do this test. Ask her if someone could represent her and accompany the engineer into the property. Copy your letter to the local authority, so that is on record that you tried to fulfil your obligation. Also, as you suggest, include in the letter her further breach of the terms of the tenancy agreement by going away for an extensive period without notification. Make sure that you make a diary note for the test to be done as soon as possible, which would appear to be upon her return.

Question:
A tenant has sent a text saying that someone tried to break in and could we send someone to repair the broken lock. Both the landlord and tenant say this is not their responsibility.

Ask the tenant for a crime number as this should have been reported to the police if this incident is genuine. If it is genuine then the landlord is responsible for the upkeep of the structure of the building, therefore this will be his responsibility.
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More to come!