Salisbury 3 bed, reasonable BTL £289,950

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!

sovereign court

http://www.rightmove.co.uk/property-for-sale/property-60957737.html

Salisbury Property Market – Q4 Update

Salisbury Property Market – Q4 Update -glassesWell, 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.

Brexit

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

Reduced to £195,000 2 Bed flat Salisbury

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%.

Previous post on St Augustine> http://www.salisburypropertyblog.co.uk/2-bed-ground-floor-flat-spire-view/

spire view

http://www.rightmove.co.uk/property-for-sale/property-43621263.html