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92 Romney Street, Salford

***1 bedroom available now until September 2014***

One of our top spec houses, this property boasts high quality features and will suit sudents/professionals.

Each of the 4 bedrooms are tastefully decorated and all have a double bed, wardrobe, chest of drawers, desk and chair.  The furniture throughout the property is a very dark wood, creating a slick, modern feel.

The gloss white kitchen is the standout feature of the property.  Complete with integrated oven and hob, washing machine, fridge freezer, microwave, toaster and kettle, you will actually want to cook and spend time in your student kitchen!

The communal area is comfortable and functional with leather-effect sofas, a dining table and chairs and large wall-mounted plasma TV.

Located in a popular student area of Salford, this property is within a 20 minute walk of the university and student union and close to shops and good transport links.

Rooms are £90 per week and includes utility bills.

The residential/family price is £750 per month, excluding bills.

***gas, electricity, water and wireless broadband included!***

Please contact one of our Salford letting agents on 0800 500 3015 to arrange a viewing or complete our tenancy application form.

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As spring arrives, protect your student accommodation from thieves

protect your student accommodation from thieves

Today (20th March) marks the first day of Spring, and hopefully with it, a change in the weather.  As we prepare for the Spring/Summer term, the impending clock change is also around the corner.

Daylight Saving Time starts on Sunday 30th March (not forgetting Mother’s Day on the same day – get a card in the post this weekend if you’re not planning a trip home!).  The clocks go forward by an hour, essentially meaning you lose an hour’s sleep that night (sorry!).  We suggest you alter your clocks and watches before you go to bed on the Saturday night – most digital electrical devices (smart phones, tablets, laptops) will automatically update.

The time change brings with it Summer and longer and brighter days.  This should also mean warmer temperatures, and fingers crossed, some sunshine too.  With the warmer weather, the opportunity to be outdoors in the garden (not just the beer variety) or nearby park beckons.  We encourage getting as much sunshine and vitamin D as you can – it’s good for the soul and generally makes us all feel a bit better doesn’t it?

However, we do stress that whilst you’re enjoying any good weather that may be coming our way, spare a thought for your student accommodation and making sure it is secure.  Whilst we want you to open the windows to get some fresh air into the house, please be cautious as well.

Student accommodation and the good weather

protect your student accommodation from thieves

Houses in Multiple Occupation (HMO) are of special interest to intruders as usually each person who lives in the house will have their own computer, TV and other valuable equipment, turning the house into a very attractive target.

It sounds simple but remembering to close and lock windows before you go out is a must.  Those who have bedrooms on the ground floor at the front to a property need to be particularly careful.  We advise you only have your bedroom window open when you are in the room and where possible keep the blinds shut.  Thieves don’t need much encouragement.  Professional thieves will be in and out of an open window in no time, and with them any valuable items they can get their hands on.  Keep expensive or desirable belongings out of view.

If you’re spending time in the back yard or garden of your student accommodation, the back door may be open for long periods of time.  Again, please remember to shut and lock this afterwards.  Don’t give thieves an invitation!

It’s a team effort. If one of you forgets to close a window and thief gets in, they then have free rein to access to the whole house!

If you’re worried about a potential break-in and want to ensure your personal belongings are looked after, you should consider some content insurance.  We can put you in touch with a reliable insurance company who specialise in student accommodation content insurance. Give us a ring on 0800 500 3015, we will be happy to help you.

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What’s an HMO property and which advantages has it?

If you are thinking about investing in a buy-to-let property in the North West of England, you shouldn’t fail to consider the HMO option, also known as House in Multiple Occupation or multi let investment. This type of investment has been a hot topic amongst investors in the last decade because of the potentially high yields it can achieve.

If you are not completely clear on what an HMO property is and its benefits versus a regular buy-to-let, continue reading this article.

What is an HMO?

HMO propertyA house in multiple occupation is a property rented out by at least 3 people who are not related to each other or part of the same ‘household’ like a family, but share facilities like the bathroom and kitchen.  Student properties for example and house shares are HMO properties.

You must have a licence for your HMO if the property is:

  • Rented to 5 or more people who form more than 1 ‘household’

  • At least 3 storeys high

 

Which are the advantages of a multi let?

  • Renting your property as an HMO you can achieve a much higher rent than you would renting the property as a whole to a single family unit.

 

HMO properties allow you to charge rent on a per room basis.  For example, a 5 bedroom house might have a market rent of £1,200 when let to a single family.  But if the same property were let as an HMO for £400 per room, the potential rent could be £2,000.

Why is the North West a good place to invest in HMO?

HMO properties work better in areas with a high student and young professional concentration.

Considering that in most cases these types of people move on their own and for a defined period of time, the multi let option becomes the most suitable for them. This type of accommodation allows them to choose the most convenient location and the fact that bills are often included in the rent is another key ‘selling’ point.

With around 20,000 students at the University of Salford and almost 70,000 in Liverpool, the North West is an ideal place to invest in HMO properties.

Which are the risks of HMO investment?

HMO property

Along with the cash flow benefits, there are one or two potential risks with this strategy:

  • Tenant turnover can be high which means a lot of effort on your part as the landlord to keep finding new tenants

  • HMOs / Multi lets need to be managed very efficiently to ensure maximum occupancy. If one or two rooms are regularly empty then this can wipe out any profit you might otherwise have made.

 

These risks can be diminished if you invest with the Mistoria Group. We will help you in the process of finding the most suitable investment property, but we will also take charge of all the legal paperwork and management of your property to make sure you get the most of it.  If you are interested in investing in an HMO property, why don’t you call us today on 0161 707 6106 or email info@mistoriaestateagents.co.uk/sales?  Have many suitable HMO properties for sale in the Salford and Liverpool areas.

 

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PRESS RELEASE: The Mistoria Group launches ‘The Apprentice Programme’ 2014

In recognition of ‘National Apprenticeship Week’, Mistoria Group (of which Mistoria Estate Agents is a part of) has announced that it has taken on three new apprentices as part of its newly launched apprentice programme 2014.  Kye Bennett-Long, Demi-Lee Burke-Burns and Tom Sullivan, all 18 years of age, have been presented with the opportunity to join our busy firm for a one year period, to gain experience and learn new skills whilst ‘on the job’. 

The Apprentice Programme is a new scheme for Mistoria, through which talented young people are sourced and supported by means of a development plan.  It is hoped the positions will lead to full time roles within the company.  Each new apprentice has been allocated a job within different divisions of the firm, with Kye working alongside the busy us in the Lettings team, Demi-Lee assisting with administration and accounting and Tom assigned a position within the Maintenance division. 

“When I was offered an apprenticeship with the Mistoria Group, I jumped at the chance!” said Demi-Lee.  “I am very much enjoying my time here and am learning something new every day.  Everybody is friendly and focussed and it’s so interesting to see how much work goes on behind the scenes.  The CEO, Mish Liyanage is an excellent mentor and easy to interact with.”

“We are delighted to have launched the apprentice programme and welcome our three enthusiastic new team members.” said Mish.  “All of our employees at the Mistoria Group have many years’ of experience within the industry and collectively, we are thrilled to be able to pass these skills on to the next generation.  It will be wonderful to watch these accomplished young people growing into their respective roles and we hope to welcome many more apprentices in the years to come.”  

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Fire safety tips for student accommodation

student accommodation Salford

We have a lot of student accommodation in Salford and the surrounding areas.

The fire at the paper recycling plant in the city this week (Monday 3rd March 2014) has affected many Salford residents, whether it be road closures, train delays or the thick black smoke that engulfed the area for most of Monday.  We know the incident at the paper plant is uncommon but it got us thinking about fire risks and how we can help prevent them.

Here are some fire safety tips for our tenants….

student accommodation Salford

 

Smoke detectors – There are smoke detectors fitted in all our properties for your safety.  It is your responsibility to check these on a weekly basis and change the batteries when required. Try to pick a regular day and time each week so you remember to do it. The #TestItTuesday hashtag used across social media is a handy reminder. If the property is a House in Multiple Occupation (HMO), tenants must also keep a record of these checks and a log sheet is attached to the pin board next to the alarm.  If you notice anything irregular with any of the smoke detectors in your student property you should inform us immediately.

 

Electric heaters and blankets – These are a no-no in our properties thank you. And not because we’re mean but it’s for your own safety. Safety standards on these items have dramatically improved, but user error still results in accidents and fires involving them. Falling asleep or going out with the either of these devices still plugged in can easily result in overheating, potentially leading to a fire.

student accommodation Salford

 

Electrical fixtures and appliances – All the electrical equipment supplied by Mistoria, i.e. the fridge freezer, washing machine, TV etc are subject to annual PAT testing.  This is to ensure appliances are safe and maintained to prevent harm to users.  It is your responsibility to ensure any electrical equipment you bring into our student properties – phone chargers, laptops and hair dryers etc – are in safe working order.

 

Shavers – Be sensible. Only connect shavers to the designated shaver sockets found in some of our properties. Check the wattage of your shaver and be careful to plug it into the correct socket to avoid a blow out. If you connect an appliance that isn’t compatable with the socket you could be at risk of a nasty electric shock and blowing out the electrics in the whole house. Not a smart move if you want to stay on-side with your housemates.

student accommodation Salford

 

Plug sockets, extension leads and adaptors – Please do not over load plug sockets. We know you have a lot of electrical equipment and much of it needs regular charging but please try to alternate them and charge them one at a time. If you have 10 things plugged into extension leads and adaptors, and each of your housemates does the same, that’s a lot of electrical current running around the property and potentially overheating the system. Remember to unplug chargers and switch off sockets at the wall when they aren’t in use.

 

Chip pans and candles – Again, a no-no.  These are strictly forbidden in Mistoria student properties. It’s so easy to walk away from and forget about a burning candle. Naked flames are unpredictable and can easily catch other nearby items and suddenly there’s a fire that can quickly get out of control. Similarly, a forgotton or misused chip pan spells trouble. We’ve all seen the adverts and warnings from fire services – it’s just not worth the risk. Want chips? Stick to the oven variety or visit your nearest take away.

student accommodation Salford

 

Fire doors/Auto door closers – Most of the internal doors in our properties, particularly the more recently refurbished properties, are fitted with fire doors or auto door closers. These devices help prevent the spread of fire and smoke. We ask that you don’t wedge these doors open. We know it’s convenient to have internal doors left open but in the event of a fire they will dramatically slow down the speed at which it spreads and potentially save lives.

 

We hope this advice will help keep you safe in your Mistoria student accommodation.  For further fire safety tips please visit: www.gov.uk/firekills