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
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
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.
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.
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