At the moment interest rates are dropping, house prices are the lowest the are going to be and rents are the highest they have ever been. I’m personally thinking that in the next few months house prices in the market we operate in are going to start increasing as the demand for them is already getting higher.
We have now updated ALL existing property brochures with the new rates (which are expected to fall further), so why not have a look at some of our existing stock to see how the figures have improved and how buying right now could be the perfect time!
This property consists of:
1 bedroom apartment
2 bedroom apartment
They are currently tenanted achieving £750PCM. The last rent review was in 2019 so there is the opportunity to increase the current rental return.
Apartments rented in this area average around £450PCM for a 1 bed apartment and £525PCM for a 2 bed apartment.
Properties had an overall average price of £130,683 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £93,965. Overall, sold prices are 14% up on the 2020 peak of £114,614.
An end terraced superb investment opportunity to purchase four self-contained flats with rental potential of up to £2000 PCM. Previously a large end terrace property, now converted into two ground floor flats with independent access, and two first floor flats with communal entrance hall. Each property has two bedrooms, a living area, kitchen area and bathroom.
A rare opportunity to purchase a newly renovated block of 8 Apartments.
7 x 2 Bed Apartments
1 x 1 Bed Apartment
We have estimated that the 2 bedroom units will return between £650-£700PCM and that the smaller 1 bedroom unit will return £550PCM. As these are newly renovated there may be potential to achieve a higher rent.
We recommend that you be satisfied with the expected rental returns and income based on the property's purchase price. Consider any potential future increase in value as a bonus. The property market can fluctuate, sometimes decreasing in value, so it's wise to think of property investment as a long-term strategy.
Our estimations for potential revaluations and rental incomes are based on current market trends. Please note that we are not responsible for any discrepancies between our estimates and the valuations made by lenders. We encourage all clients to independently verify any figures we provide and base their purchasing decisions on their own investigation of rental returns, current and potential market values in the area.
Be aware that all renovation cost figures are approximations. Actual costs may vary, potentially increasing or decreasing depending on the nature of the work and any unforeseen issues after purchase completion. Properties requiring electrical testing may need extensive work, such as a complete rewiring, if they fail these tests.
Any property purchase is undertaken at the buyer's own risk. We always recommend seeking professional advice. Our service is intended for guidance and should not be solely relied upon for decision-making.
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