Wednesday, June 27, 2012
Newcastle lettings agents and ARLA members, Walton Robinson, are
launching a new "full circle" service for budding property
investors to grab the opportunity to gain good returns, as renting
is becoming popular again.
Having recently celebrated their tenth anniversary, Newcastle
Haymarket based Walton Robinson has seen rapid growth from an
initial portfolio of 90 properties to 295, and are ahead of
schedule to hit the £850,000 turnover target by the end of
The agency is now going for further market share with a new
service that includes everything from advising on entering the
buy-to-let market, connecting the client with the relevant mortgage
and tax experts, handling the full property search on behalf of the
client, managing the purchase negotiations, refurbishment, letting
the property and then managing the tenancy day to day.
Walton Robinson has geared up the service offering just as the
property market is starting to shift. Reports have shown the
buy-to-let market is improving as landlords bought 20% more
properties in 2011, which has been a slow but steady progress since
the rock bottom slump in 2009. (ThisisMoney.co.uk, February
Managing Director, Mark Walton, believes the rise in demand for
rental accommodation has helped the company hit its annual targets
to date and put it on schedule to manage over 350 properties by the
end of 2012.
He said: "The number of people renting has increased, which
means there is an opportunity for rentable properties to
"We have seen confidence in the market start to return and
investors are seeing now as an opportune time to start buying
again. This is due in part to a shift in investors' reasons for
buying - previously investors were buying property to sell
immediately for a capital gain and therefore many were caught out
when values dropped. Investing for a rental return, as well as a
capital gain, has become far more popular as there are two types of
return and, if one is not doing well, the other is.
"Our full circle service provides the necessary attention to
every aspect of property investment by enabling investors to
benefit from our considerable experience in providing highly sought
after rental accommodation which is well located and therefore
likely to realise capital appreciation over time.
"We source suitable property through our local
landlord and estate agent network, view properties, make astute
offers, negotiate to acceptance and instruct solicitors. We then
liaise with all parties throughout the legal
"Any refurbishment is managed by our trusted quality
contractors, who cover anything from a straightforward paint job
and some new furniture through to a total restructure of the
"Once ready, we find and vet suitable tenants and look after
them on behalf of the landlord, managing their enquiries and
handling rent payments.
"More emphasis needs to be put on rental yields as opposed
to capital gain returns, as this will encourage confidence in
investors. It's a slow progression but the market is starting to
gather more pace. Having made strategic investment in our brand for
a new service offering we are fully equipped to grow our business
and our clients' portfolios as the market develops."
For further information on this service visit Walton
Robinson' s website: http://www.waltonrobinson.com/