The Investment ReportHamlet Woods, Prescot

A selection of high quality, 3-bedroom new build houses by Taylor Wimpey.

Prescot is a popular commuter town that’s only 20 minutes by train from Liverpool, 45 minutes from Manchester, and within 30 minutes of Warrington, Widnes and St Helens too.

Hamlet Woods is perfectly placed, just minutes from both the station and the motorway. Houses are already getting snapped up as soon as they hit the rental market, and Prescot will only benefit as Manchester and Liverpool continue to boom.

Investment overview

Investment overview

£156,515 - £177,445

Price range:

4.6% - 5.3%

Potential ROI (rental return only):

9%

Exclusive discount:

June 2019

Completion date:

£15,480 - £17,550

Cash saving:

£17,550discount

The investment case

We got this deal from Taylor Wimpey as they were needing to build up their sales numbers to reach their half year targets.

Seeing as we have developed such a great relationship with Taylor Wimpey, they reached out to us. We negotiated a discount, and as a result, we are able to offer these superb properties at an even better price than normal!

As an investor, you want a property that will find tenants in a flash, not cause you any headaches, and gain in value throughout the property cycle. Hamlet Woods couldn't tick those boxes much better.

I often say you know you’ve got a good investment when you forget you own it! You know with Taylor Wimpey that you’ll get a quality product – so you can sit back, watch the rent roll in, and feel very happy with it’s performance when you look back in a few years’ time.

How we got the deal

Rob BenceProperty Hub CEO

The development

Hamlet Woods is a new Taylor Wimpey development near the centre of Prescot. As you would expect from a Taylor Wimpey development, these are built to an incredibly high standard and are backed by a 10 year guarantee.

The development is in a fantastic location. Close to two train stations on separate lines, giving direct access to both Liverpool and Manchester. As well as the great train links, Prescot is situated just off the M57, giving easy access to the motorway network, which connects surrounding towns and villages. This, combined with a fantastic build quality, makes these units highly desirable.

Full Address : Hamlet Woods, Prescot, L34 1JZ

● Freehold

● Parking included

● High quality build and specification

Key features:

● Located in the beautiful historic town of Prescot

● Ideally positioned for excellent transport links

The development

See the gallery for more images

The developer

Taylor Wimpey are a large, nationally renowned, quality developer operating at a local level from 24 regional businesses across the UK. Their vision is to become the UK’s leading residential developer for creating value and delivering quality.

We have a longstanding relationship with Taylor Wimpey, and have previously secured deals from them in

Preston, Telford and Crewe.

Taylor Wimpey

Whittingham Park, Preston Autumn Heights Telford Willowbrook Grange

The location

0.6 miles

Distance to shops:

Bus: 0.5 milesTrain: 0.6 miles - Prescot

Distance to stations:

Primary: 0.6 milesSecondary: 1.4 miles

Distance to schools:

M57

Closest motorway:

Because Prescot is located between two of the fastest growing cities in the UK - Liverpool and Manchester – it should benefit from a double ripple effect as both continue to boom.

Its fantastic transport links to both cities, plus the motorway network for connectivity throughout the North West, make this an ideal commuter town for those who work in the city but may want a slightly more suburban location.

Why this location?

The city

A five-year plan to regenerate Prescot will see an estimated £4 million invested in buildings, businesses and open spaces in the traditional town centre.

The town has already benefited from significant public and private investment in recent years, including: a new Centre for Learning with state-of-the-art community and leisure facilities; the multi-million pound Whiston Hospital; the new Prescot Centre bringing together the One Stop Shop, library and the borough’s museum; Cables Retail Park and two business parks - Prescot Business Park and Kings Business Park.

Why invest in Prescot?

Growth potential

12 month growth: 5.6%

Recent growth (from Hometrack):

Prices in the North West outperformed every other region last year and are set to do the same in 2019. (ONS)

Essential statistics:

The latest UK House Price Index shows that the region’s property prices rose by 5.6% in the year to July, compared to the national figure of 3.1% for the same period. The figures for the month since June also show a strong performance by the North West, with prices rising by 3.4% in comparison to a rate of 1.2% nationally.

Growth potential

Here’s the 5 year historical growth ofPrescot from Zoopla.

Zoopla:

Mortgages

“These are freehold properties from an established PLC builder, so there will be a large range of mortgage options available.”

What does Dave say?

Charles Louis can help you arrange your mortgage after you’ve reserved. If you have any concerns beforehand about your ability to get a mortgage, contact Dave and his team and they’ll be happy to help: david@charleslouis.co.uk

Charles Louis can help

Property Hub Invest work closely with Dave Cookson and his team at Charles Louis to

offer our clients specialist mortgage advice for investors.

Essential details

N/A

Lease length:

£180 per annum

Service charge:

N/A

Ground rent:

10 year warranty with NHBC

Builder warranty:

Yes

Deposit protection:

These aren’t included, however Property Hub Invest have access to trade suppliers who can assist you with this. Your Portfolio Manager will be able to talk you through the process.

White goods and flooring:

Not recommended

Furniture pack:

All properties come with parking. 2 car driveway.

Parking:

Start your research: market valueTo validate the discount we’ve secured, we’ve compared prices across all comparable local developments – not just new builds – and we suggest you do the same. Here are some reference points to get you started:

As you can see here, similar properties are being marketed at higher prices than the units we have on offer.

Further to this, we have also included a property from the Hamlet Woods development, which is on the open market for around £20,000 more.

As a result, you are receiving a fantastic discount and instant value on your purchase.

Start your research: rental income

Here are some examples of some similar properties within 0.25 miles of the development.

We anticipate rentals for these homes to be from £700-£775 per month, based on our experience and discussions with local estate agents.

As mentioned in the location information section, this area is ripe for rental demand. Its location and proximity to local amenities and great employment areas make it very attractive.

Start your research: rentability

Belvoir

“We can’t keep hold of anything at the moment. All new builds are being rented out very quickly as there’s such a high demand in the area.”

Reeds Rains

“All rental properties we have in the L34 postcode are being snapped up immediately. Seeing as these are high quality new-builds, we would expect them to go very quickly. We would expect it to achieve a minimum of £725 up to £850 per month.”

What the agents say:

Property Hub Lets

“These are great family homes and will rent very quickly! The prices are perfect for families and Prescot is a fantastic family area. The excellent transport links to major cities further adds to its desirability.

We would expect to achieve a rent from £700-£775 PCM”

Your investment checklist

1. Sign up for the launch webinar, and put the date in your diary!2. Research local sale prices and rents using the links we’ve provided3. Use Hometrack to study current price trends4. Search Google News for “Prescot development” etc. to see what’s happening locally5. Need a refresher about the benefits of buying off-plan? Watch our free Property Hub University

course6. Want to check your ability to get a mortgage on this development? Speak to the team at our partner

broker Charles Louis: call 0161 959 0166 or email david@charleslouis.co.uk 7. Attend the webinar, and act fast when the reservation link is sent out!

What happens and when:

How can we help?

Your Portfolio Manager will be happy to answer any questions you might have.

Property Hub Invest: 1 Naoroji Street, London, WC1X 0GB | Email: invest@propertyhub.net | Call: 020 3322 9493

Disclaimer: The details contained in this document are for guidance purposes only. Any photographs, figures, plans and illustrations are to give you a general indication of the proposed development. Mortgage applications are subject to status and no guarantees can be made that an applicant will obtain a mortgage. Rescue my Pension Ltd is not and will not provide financial advice under the regulations of the financial services authority and we recommend that before making any decisions based on the information provided, that you should seek specialist advice from a competent authority.

Neither Rescue my Pension Ltd nor any of its partners, directors, employees or representatives will be liable for damages arising out of or in connection with the use of information provided in this document. Rescue my Pension cannot be held responsible for changes in the market or market conditions. All information is based on that given to Rescue my Pension by developers or by research conducted by Rescue my Pension. Property values and rentals can decrease as well as increase. You can lose your property if you do not keep up payments secured against it.