Salisbury rents rise by 19.6% since 2005

The Salisbury Property Market is a very interesting animal and has been particularly fascinating over the last 12 years when we consider what has happened to Salisbury rents and house prices.

There’s currently much talk of what will happen to the rental property market following Brexit. To judge that, I believe we must look what happened in the 2008/9 credit crunch (and what has happened since) to judge rationale and methodically, the possible ramifications for long-term investors in the Salisbury property market. You see, an important, yet overlooked measure is the performance of rental income vs house prices (i.e. the resultant yields over time). In Salisbury (as for the rest of Great Britain), notwithstanding a slight drop in 2008 and 2009, property rentals have been gradually increasing. Continue reading

Sassoon Close – £229,950

Currently marketed with Connells, this three bedroom semi-detached house would make a cracking low maintenance BTL or equally as fantastic family home! Situated just off of the Wilton Road, on the outskirts of Salisbury City Centre, the property boasts from a downstairs WC, large Living/Dining Room, three good sized Bedrooms as well as a family Bathroom, rear garden and off-road Parking for one car. We recently let a 4 bedroom property just a couple of doors up on first viewing for £1350pcm, I would recommend a rental value of £975pcm for this property, meaning a respectable 5% yield! Alternatively, another fantastic reasonably priced family home. http://www.rightmove.co.uk/property-for-sale/property-65233757.html

 

Are you a sucker for character? Winchester Street – £185,000

This Grade ll Listed split level maisonette situated in a prime location within Salisbury City Centre is currently advertised with Bassets. The accomodation ‘enjoys a wealth of character and period features’ and is incredibly well presented throughout with good sized Reception Room, seperate fitted Kitchen, two double Bedrooms and a further Dressing Room. I would estimate a rental value of £775pcm, meaning at the current asking price, you could expect a yield of 5%. Alternatively, if you’re a sucker for character and are looking for a City Centre Pad on the lower end of the market, this could be the place for you! Give Bassets a ring to book your viewing!

If you would like our honest opinion on the rental potential of this property, one of your own properties or another property you have seen on Rightmove, give a member of the team a call! http://www.rightmove.co.uk/property-for-sale/property-48153540.html

 

Yet another Jubilee Close Flat!!! – £164,995

Yet another Carnival House flat on the market, and without a doubt, these properties making cracking investments!

For sale with Austin & Wyatt is two bedroom 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. At £164,995, I would estimate that the rents would now be around £750pcm, bringing in a respectable yield of 5.4%.

http://www.rightmove.co.uk/property-for-sale/property-48054210.html

South Mill Road, Amesbury – £115,000

Situated in this popular area of Amesbury is this one Bedroom ground floor flat, curently advertised with Simon Colligan. The property benefits from a good sized double Bedroom, rear courtyard garden and off-road parking, highly desirable for tenants. The property is currently rented at £565pcm, bringing in a respectable yield of 5.8%. Don’t forget, this income will be effected by the current monthly maintenance of £15.43, but still a strong yield nonetheless. http://www.rightmove.co.uk/property-for-sale/property-47728095.html