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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