Mon 30 Mar 2015
Last week, a landlord who lives in Saltash came in to our office to discuss the rising property values in the Devon area. He owns a varied portfolio of rental properties, primarily in Plymouth and Ivybridge with one in Totnes and it is beneficial to compare the increase in property values around the area.
However, back to Plymouth, long term property values which track peaks and troughs are more helpful to landlord investors. The questions I seem to be asked on an almost daily basis by landlords include:-
· “Should I sell my property in Plymouth, or even buy another?”
· “Is the time right to buy another buy to let property in Plymouth and if not Plymouth, where?”
· “Are there any property bargains out there in Plymouth?”
When considering this landlord’s buy to let portfolio, yields can be in the order of an average 3% 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 Plymouth 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, do what a number of other Plymouth landlords do and visit the Plymouth Property Blog This is where I can discuss the Plymouth property market - how Plymouth compares with its neighbouring towns/ rivals, and at the same time, I can hopefully answer the three questions above. I don’t bite, I don’t do hard sell, I will just give you my honest and straight talking opinion. If you are ever passing, do pop in and see me at our office on Masterman Road, Plymouth or email me at firstname.lastname@example.org telephone me on 01752 71 07 47.
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