Burton property values increase by £220.15 per week

Last week, a landlord came in to our office to discuss the rising property values in Burton. He owns a varied portfolio of rental properties, primarily in Burton with a couple in Swadlincote and Derby, so it is interesting to compare the increase in property values around the area.

Over the last 12 months the average property value in Burton has risen by nearly £11,450, from £157,100 to £168,550. This is a very reasonable 7.3% increase, which if you look at it on a weekly basis, average property values in Burton, throughout 2013, have increased by an impressive £220.15 per week!

When I looked at some of the surrounding towns, Derby has had a lower average increase in property values, at around £93.26 per week, whilst Swadlincote has an even more modest average increase of around £64.75 per week. It is, nonetheless, a rise in average property values to suggest the market is recovering steadily in our area – good news for home owners and landlords alike. Finally, when we looked at the values for detached houses in Burton, they rose by an even more impressive average of £336.53 per week.

When considering this landlord’s buy to let portfolio, the rental values have remained fairly stable during the 12 months. They are slowly recovering to the average of around 5 years ago, therefore it could be a good time to invest in the property market in Burton. If you would like some advice about buying to let, be you a landlord with a portfolio or someone thinking of investing in rental market, please come and see me at our office on High Street.

Look out for our Investment Property Sales coming soon!