Amesbury is a good rental area particularly with the Army resettling over 5,000 troops back from Germany. Rental potential of £925-950 giving a healthy return of over 4.6% on your investment. Capital growth has also been resonable in the area being just under 10% in the last year for Wiltshire.
I first posted this a week ago when it was first reduced. Connells have since reduced again by a further £5k and hence bringing up the yield just above 5%! Give them a ring and arrange a viewing, I would imagine the seller is keen to sell.
Jordans are offereing this lovely 3 bed property, with a garage for £289,950. At the asking price its going to be around a 4% yield which is a little low, however near offers are invited. With shrewed negotiating this could be worth a look. Similar properties in the same area last fetched £245,000 in 2014 so alowing for 10-12% increases I would look at £270,000 upwards. Happy Xmas!
Well, hasn’t 2016 been eventful. The ups and downs of Brexit, the Queen’s 90th, Andy Murray winning Wimbledon, Trump, Bake Off to Channel 4 and something close to the hearts of every buy to let landlord and homeowner in Salisbury … the Salisbury property market.
So, let’s look at the headlines for the Salisbury property market…
In the last month, Salisbury property values rose by 2.03%, leaving them, year on year 10.4% higher, whilst interestingly, Salisbury asking prices are down 0.9% month on month. All three statistics go to show the Salisbury property market has recovered well after the summer lull, which was worsened by the uncertainty surrounding the EU vote back in June. Irrespective of all the issues, the average value of a Salisbury home now stands at £359,400.
Generally, Salisbury asking prices continue to hold up well, as asking prices are 5.7% higher year on year. At this time of year, asking prices tend to drop on the run up to Christmas and locally, they have dropped by 0.9% this month (November 2016), although this compares well with last year’s drop in Salisbury asking prices, as we saw asking prices drop by 2.3% in November 2015. Continue reading
Recently reduced by Connells, this property could make quite a resonable BTL yield of 4.6% gross. We last let one of these flats for £750 so you would probably get in the region of £775/795 making the yield edge ever closer towards the magic 5%.
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A good BTL property close to Salisbury City Centre. We rent one of these at £1000 pcm so representing a 4% yield. I appreciate this isn’t massive but if you factor in the capital growth, £220000 in 2012 to £299950 in 2016. 4 years £80k, that’s 36%! If you had invested the minimum 25% deposit (£55k), then it would have grown to £135k that’s a 145% increase – obviously subject to tax, but non the less an excellent return.
The semi-detached house with its bay windows and net curtains has long been ridiculed as an emblem of safe, lacklustre and desperately uncool suburban life; the homes of the likes of Hyacinth Bucket in Keeping up Appearances and more latterly Alan Partridge – but they could have the last laugh – having enjoyed one of the highest price growths of any property type in Salisbury, up by an average 425% increase in the last twenty years.
The semi can now laugh in the face of its posher detached counterpart, which saw a rise of only 269% in the same 20-year period. Looking at smaller properties, flats/apartments did much better at 455%, whilst terraced houses only rose 355% (although they were starting from a lower base and demand from buy to let landlords has had a big part in driving the values on that type of house (i.e. the price a buy to let landlord is prepared to pay is driven by the rent the landlord can achieve).
In 1996 the average value of a Salisbury semi stood at £65,400,
today it stands at £343,400
Such is the attractiveness of semis, which are cheaper than detached houses but have most of the same benefits for families. Semi-detached houses were built in their hundreds of thousands by the Victorians and Edwardians between the wars and through to the present day. Interestingly in the late 19th Century and early 20th century – they often weren’t referred to as semi-detached – but as villas! Continue reading
This beautifully presented property has just come to the market with Fox and Sons (Fordingbridge). Its a spacious, newly decorated and well maintained property judging by the photographs.
Although a very popular village, surprisingly nothing much has come to the market in this area over the past year however 23 Downlands Close, 9 Downlands Close and finally 10 Downlands Close are the most recent. The first 2 sold for £230,000 in December 2015 and £225,000 in September 2015 respectively with number 10 selling slightly earlier for £238,000 in May 2015. Whilst all similar properties (at similar prices) I’m a little perplexed that the asking price appears to have increased by 21%+ in a just a year.
House prices in Wiltshire have done pretty well recently and have risen by 6.91% (annual rise – October 2016) suggesting that this particular house should be worth around £246,000. Don’t take my word for it, have a look at these Downlands Close prices for the last 2 years and see what conclusion you reach.
Marketed by Carter & May this house is appears pretty good value, there are not many places you can get a 3 bed for under £200,000! If you are looking for a BTL then it would also rent for around £900-925 pcm giving a reasonable 5.5% yield which is exceptional. If you want to discuss this or any other property, why not give me a ring 01722 414141 or email me a link.
Another absolutely ‘to die for’ house in the centre of Salisbury. Not quite a stones throw from the Cathedral but very close. What’s not to like if you can afford the £1,550,000 price tag from Middleton & Major?