Development Opportunity and Potential BTL – £210,000

Wessex RoadCalling all Investors and Property Developers alike! Advertised with both Connells and Austin & Wyatt today is this three bedroom semi-detached family home complete with off-road parking for several cars. Whilst it looks like it could do with some cosmetic updating, it is in a very popular location, conveniently located just outside the ring road and a mile and a half walk into the City Centre. The property would be ideal for a Family with a limited budget looking to put their stamp on their own property or a buy to let investor alike. I would estimate a potential rental value of at least £850pcm bringing in a potential yield of 4.9%! For more information, contact either of the advertising agents!

Connells: http://www.rightmove.co.uk/property-for-sale/property-64358771.html

Austin & Wyatt: http://www.rightmove.co.uk/property-for-sale/property-46628253.html

To start the week – 3 bed in Amesbury £225,000

Added yesterday by Connells in Amesbury, this 3 bed property could be a perfect BTL. Its got 3 reasonable sized rooms. Also, off road parking AND a garage! Rent would be in the region of £900-925. For those who know, this means 925×12/225000 = 4.9% yield.kilfordhttp://www.rightmove.co.uk/property-for-sale/property-46559547.html

 

Friday Special? City centre 1 bed flat £149,950

This 1 bed flat is available with tenants already paying £650 pcm giving a health yield of 5.2%. These flat always rent easily and consequently have small void periods – how do I know? (We) Martin & Co have managed this and another flat in the block for a couple of years. So if you’d like to discuss ‘the books’ I’d be more than happy to arrange a viewing. Its virtual freehold too!

castle street

http://www.rightmove.co.uk/property-for-sale/property-62885654.html

castle street 2

Alderbury Gem – 1 Bed Maisonette £129,995

Avon Drive Alderbury

As described by Housesimple, the advertising agent, “This property would ideally suit a first time buyer or a Buy-to-Let investor.” This One Bedroom Maisonette is immaculately presented throughout boasting modern Bathroom and Kitchen and allocated off-road Parking Space. Whilst the property may be small, you know what they say, ‘all good things come in small packages’ and with an asking price of £129,995 and a potential rental value of £600pcm, this little gem could bring in a potential yield of 5.5%! Such a good proposition that I may even consider this one myself!
http://www.rightmove.co.uk/property-for-sale/property-63909704.html

Salisbury’s private renting set to hit 4,533 households by 2021 – Is Buy to Let immoral? (Part 1)

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Can we blame the 55 to 70-year-old Salisbury citizens for the current housing crisis in the city?

Also known as the ‘Baby Boomer Generation’, these Salisbury people were born after the end of the Second World War as the country saw a massive rise in births as they slowly recovered from the economic hardships experienced during wartime.

Throughout the 1970’s and 1980’s, they experienced (whilst in their 20’s, 30’s and 40’s) an unparalleled level of economic growth and prosperity throughout their working lifetime on the back of improved education, government subsidies, escalating property prices and technological developments, they have emerged as a successful and prosperous generation.

…Yet some have suggested these Salisbury baby boomers have (and are) making too much money to the detriment of their children, creating a ‘generational economic imbalance’, where mature people benefit from house-price growth while their children are forced either to pay massive rents or pay large mortgages.

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Hillview Road Investment – £229,950

Hillview RoadRecently advertised with McKillop and Gregory, this lovely three bedroom terrace house, situated on Hillview Road, boasts incredibly well presented accomodation boasting neutral decor, laminate flooring and a low maintenance courtyard garden, a highly desirable renter! With a potential rental value of £895pcm, you could be looking at a yield of around 4.7%, not the highest, however I would expect the property to rent incredibly well!

http://www.rightmove.co.uk/property-for-sale/property-64217264.html

Bemerton Heath BTL – £135,000

Festival Avenuehttp://www.rightmove.co.uk/property-for-sale/property-46500774.html

As described by the selling agent, “the property represents an excellent investment opportunity and is presented to market with no onward chain.”

Brought to the market today and currently advertised for £135,000 with Carter and May is this two bed well presented ground floor flat situated in the popular Bemerton Heath. With ample living space, two good sized bedrooms and a private rear garden, this would make an incredibly attractive renter. Whilst the area may not be popular for capital growth, it is great for renting! I would estimate a potential rental value of £650, bringing in a potential yield of 5.7%! A great way to start the week if i do say so myself!

Beauchamp Drive Buy To Let – £227,500

Beauchamp Drivehttp://www.rightmove.co.uk/property-for-sale/property-57728431.html

Families need rentals too!

I have noticed that a lot of my previous posts have included one and two bedroom properties, however with family homes in constant demand, this three bed in Amesbury caught my eye! Currently advertised with Fox and Sons (Amesbury) for £227,500, not only is it cheap for owner occupiers, with a potential rental value of £950pcm you could achieve a very respectable 5% yield! Immaculately presented throughout, the property also benefits from a downstairs WC, Off-road Parking and a rear garden mainly laid to lawn. Not only is Amesbury a good area for rentals, you could also see a reasonable amount of Capital Growth, with property prices rising by just under 10% in the last year in Wiltshire. If you would like our honest advice on the potential rental value of your own property or one that you have considered purchasing, please give the office a call, we’d be happy to offer you a free valuation!