Over
the last 12 months in Ampthill average property values have risen from £279,400 to £302,000 , a rise of £22,600 or £434 per
week. When I looked at some of the surrounding areas, Flitwick has had a slightly
lower than average increase in property values, at around £359 per week, whilst
Shefford has had a slightly better rise in its average increase of around £394
per week. It is, nonetheless, a rise in all the town’s average property values which
suggests the market is recovering steadily in our area, but especially Ampthill
and Flitwick– good news for home owners and landlords alike. Interestingly, when you look at property
values over the last 12 months, values in Ampthill and Flitwick have risen by
8.1% whilst in Shefford they have only risen by 7%.
When
considering this landlord’s buy to let portfolio, yields can be in the order of
an average 4% to 6% per year, depending where you buy, so combine that with
steady rental growth, excellent increases in capital values of the properties
themselves and it could be a good time to invest in the property market in either
Ampthill or Flitwick as property values start to rise.
If
you would like some advice about buying to let, be you a landlord with a
portfolio or someone thinking of investing in the rental market, please come
and see me at our office in the Rufus Centre on Steppingley Road, Flitwick or
send me an email to graham@1st-house-lettings.co.uk
