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!
On offer is a 3 bedroom terraced house requiring refurbishment. with a rental income potential of £625PCM or more and a potential revaluation of £85k after renovation.
Properties had an overall average price of £114,878 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £102,583.
Investment Opportunity: 2-Bedroom Property in Prime Location
Exceptional investment opportunity in one of the most sought-after, high-growth areas. This 2-bedroom property, perfectly located to attract tenants.
Location: Situated in a coveted area known for its rapid growth, this property is perfectly positioned to benefit from both capital appreciation and strong rental demand. With new flooring and fresh decorating throughout, this property is primed to hit the rental market at a competitive rate of £800 per calendar month.
Properties had an overall average price of £235,031 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £158,481.
Overall, sold prices over the last year were similar to the previous year and 4% up on the 2021 peak of £225,655.
Investment opportunity through the Buy, Renovate, and Refinance (BRR) strategy, targeting a property available for £69,000. With an estimated £15,822 in renovation costs, this venture promises to unlock substantial value, targeting a post-renovation valuation of £110,000+ and potential rental income of £775 per calendar month.
Properties had an overall average price of £154,776 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £117,936.
Purchased at an initial price of £61,000, this property offers an excellent pathway to significantly increase equity and generate a stable monthly rental income of £625+, making it an ideal option for investors looking to leverage the BRR strategy.
Properties had an overall average price of £165,873 over the last year.
The majority of sales during the last year were terraced properties, selling for an average price of £108,650.
Moving the bathroom into the middle room, creating a 3 bedroom property, with its 2 reception rooms and family bathroom set in a very desired location of the town, the property is located near a great park, moorland and just a 5 minute drive to the M65, giving this property so much to offer.
This property represents an excellent opportunity for investors seeking a renovation project.
Properties had an overall average price of £165,873 over the last year.
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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