Property File
Last Friday a Landlord called me to say that she loved the
article in the paper but it wasn’t clear who had written it so I have tried to redress that
this week. All articles are on my blog
so please go to macweymouth.blogspot.co.uk if you are interested.
In this column it is my intention to discuss property issues
in the Weymouth, Dorchester and Portland areas on a weekly basis that I believe
will be of interest to investors, landlords and house purchasers.
Today I am going to look at buying two different types of
semi detached property in two different areas in Weymouth, the first area is around
Corporation Road just off Abbotsbury Road and the second on the other side
specifically Knightsdale Road. Both
roads are popular with tenants and a house on Corporation will let for £775 to £800 and Knightsdale £825 to £850.
An important part of any property investment is balancing the capital growth
with the rental income so looking at our two examples our ex local authority
house in Corporation Road will return 5.5% on a purchase price of £175k whereas
our property in Knightsdale Road costing £210k
will return 4.5% nearly 20% less.
Capital growth wise, over the last 14 years both houses have
risen in price by around £145 per week. The sensible money would therefore
appear to be on a property in Corporation Road or in its immediate vicinity.
If you have a particular property in mind
please come and see me to discuss your investment!
Philip Wakefield Martin and Co
01305 775504
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