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Best areas for property investors in Wirral?

Many of our clients are from out of area and want advice on the best areas to invest in the Wirral. When investors come to our offices for the first time we sit them down in front of the large Wirral wall map and discuss what the area is like, highlighting the areas that are probably of most interest.

Not everyone can make it to us in Hamilton Square, so for those investors from further afield here are the main highlights of my regular introduction to investing in the Wirral.

The peninsula is an oblong shape, roughly 15 miles long by 7 miles wide, bisected by the M53 motorway which runs north to south through the middle of the area.  The major towns are Birkenhead and Wallasey to the east and Heswall and West Kirby to the west.

 

Although a bit of a generalisation, the east tends to be older, higher density and lower value properties whilst the west has larger higher value property.  To get a higher yield from your investment property you should be looking in the east, and this is where we will be concentrating on this post.

Major areas of interest:

Central Birkenhead, around Laird St and Park Road North.

North Birkenhead (locals call it The North End), but selective parts only.

Tranmere, especially the area between the parks.

Rockferry and parts of New Ferry.

East of Wallasey and Liscard, but not Seacombe.

New Brighton, especially the south and older properties in the east.

Parts of the Noctorum, Beechwood and Woodchurch estates.

The Wirral is unusual in that it is fairly common to have some very high value property enclaves abutting run down areas and particularly difficult streets.  Local knowledge is key to ensure you buy in the right areas to maximise your rent and avoid the known problem areas.

Contact Andrew@hamiltonsquareestates.com for more information

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New legislation on smoke alarms

Parliament has approved the Smoke and Carbon Monoxide Alarm (England) Regulations 2015 – the regulations which looked in jeopardy after a House of Lords defeat last week.

The vote, late on Tuesday evening, confirms that from 1st October 2015 all landlords in England, or agents acting on their behalf, will be required to install smoke alarms on every floor of their property and test them at the start of every tenancy.

Landlords or their agents must also fit carbon monoxide alarms in rooms with a solid fuel appliance, which includes wood burners and open fires.

Those not abiding by the regulations face fines of up to £5,000.

We will be checking that all our properties meet the new regulations and will be amending our inventories to reflect the need to specify the alarms being present.  We will also check all smoke and CO2 alarms on initial tenant check in.

If you self-manage your properties please be aware of the need to check these yourselves.