How can you find a good property deal in Burton?

The subject of a lack of Burton property bargains over the last couple of years has always been near the top of most Burton landlord’s thoughts. I have built up an extensive database of every property sale in Burton since the early 2000’s, so are able to give an objective and unbiased opinion on what (and what doesn't) make a good property deal /investment. Knowing what is and what has happened to the property market in Burton, compared to say Derby, Nottingham or Loughborough, enables me to spot any trends or opportunities for buy to let landlords.

 
Here are some bargains that I spotted at the time, and now they are completed, wanted to share with you. A lovely 2 bed terraced on Wyggeston Street, just off Calais Street in Burton sold in March 2011 for £58,000. Admittedly it did need a little TLC, but roll forward a couple of years later and the house came back for sale in this Summer (just gone), sold quite quickly and completed in November 2013 for £93,000. If the property investor had instead put the money in the bank, that sort of return would have seen an annual interest rate of 19.06% per annum.

The next one, whilst not a buy to let investment, just goes to show you need to consider capital growth. If a landlord had bought it, the yield would have only been around 3% to 4% a year, but by spotting a bargain back in 2009, someone bought a very nice barn conversion in Hoare Cross for just over £275,000. It sold again for £460,000 a few weeks ago. An overall increase of 65% not bad when the average in Burton has been nearer 12% in the same time frame!

Whether you are a landlord of ours or not, drop by our offices for any advice and opinion on where the bargains are in Burton. I can guide you on what (or not) to buy. I don’t charge for my advice, so I can give an impartial opinion, without any conflict of interest to our landlords. Feel free to pop through the door of our offices on the High Street or send me an email to davidm@professionalproperties.co.uk