How The Rented Sector Has Transformed The Property Market In Salisbury

The Salisbury housing market has gone through a sea change in the past decades with the Buy-to-Let (B-T-L) sector evolving as a key trend, for both Salisbury tenants and Salisbury landlords.

A few weeks ago, the Government released a White Paper on housing. I have had a chance now to digest the report and wish to offer my thoughts on the topic. It was interesting that the private rental sector played a major part in the future plans for housing. This is especially important for our growing Salisbury population. Continue reading

Jubilee Close BTL- £159,950

For sale with Goadsby is this Two Bedroom first floor Apartment within Carnival House, Jubilee Close. Whilst it may be situated a little way out of town, these flats offer extremely well proportioned accomodation for the money as well as offering off-road parking and a regular bus service into the City Centre. We sold a ground floor flat within the same development just last year for a figure of £154,000 which we then let for £725pcm which means that for this flat’s asking price, you’d be looking at a potential return of 5.4%. What’s more, this property is offered with a tenant in situ, saving the hassle of finding a tenant once the purchase has completed and maximising rental income. http://www.rightmove.co.uk/property-for-sale/property-47616627.html

 

Edgam Place BTL Development opportunity – £185,000

On the market with McKillop and Gregory is this three Bedroom Terraced House requiring modernisation throughout.

The property is in a desirable location on the outskirts of Salisbury City Centre and boasts spacious accomodation throughout along with both front and rear gardens and off-road parking. At the current asking price, with a potential rental value of around £850pcm, you could be looking to achieve a yield of around 5.5%!

If you are an investor looking to maximise your income buy acquiring a project then this could well be the property for you! Alternatively, this would make a cracking first home, family home for those looking for a property in a desirable location on a low budget, or for developers looking to sell on for a profit. Whilst it has yet to be registered with the Land Registry, Carter & May were advertising a property within the same location which had been fully renovated for a figure of £235,000 at the end of last year so there is definitely an opportunity to make some money on this gem.

http://www.rightmove.co.uk/property-for-sale/property-65503853.html

 

Burgess Green BTL Bargain – £215,000

Currently advertised with Fox and Sons is this well presented three bedroom property within the ‘ever popular’ Bishopdown development. The accomodation is well presented throughout, however may require a little updating meaning that the purchaser will have the opportunity to put their own stamp on the property. At the current asking price with a potential rental value of £900pcm, you could be looking at a yield of 5%! Alternatively, this property would make a reasonably priced family home in a popular location with good local schools and transport links.

Give Fox and Sons a call to arrange your viewing.

http://www.rightmove.co.uk/property-for-sale/property-47567604.html

 

Quidhampton Development Opportunity £165,000

Calling all developers and cash buyers!

I thought i’d start the week with something a little different. Whilst this three bedroom property is of Reema construction and therefore only available to cash buyers, requiring modernisation throughout, it boasts a lot of potential with well proportioned rooms and a fantastic location, making a perfect development/investment opportunity. Having done some research on the sale history in the area, I discovered that this property within the same location sold in 2015 for a figure of 195,000, meaning that at the properties current asking price, there’s definitely some scope for profit depending on the quality of the refurbishment http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=51073469&sale=76508316&country=england

Alternatively, at the current asking price with a potential rental value of around £800pcm, you could be looking at a potential yield of around 5.8%! Either way, this property certainly has bags of potential. http://www.rightmove.co.uk/property-for-sale/property-47503866.html