The Repton housing market outstrips parts of Burton town centre

In a blog earlier in the month, I spoke about a conversation I had with one of my landlords who lives in Repton and has property to let in the Evershed Way area. If you recall, in that article I said  the annual yield/return from the landlords buy to let investments would be 6.5% per year if he were to buy another property in the Evershed Way area, but only 3% per year in Repton.
We went on to talk about that these yields do not reflect the period’s when there is no tenant in the property (and thus no rent). These void periods (where there is no tenant and thus no rent) are much higher in the Evershed Way area compared to properties in Repton, but I also said property values over the last 10 years have also increased at a much higher rate in Repton than the Evershed Way area and it this I want to talk about in this article.

I have an extensive database of all the property sold in Burton, going back to around the mid 1990’s. It enables me to spot trends in the local Burton market and give that advice and opinion to existing and new landlords alike. That database came up with some interesting information, which I shared with my landlord and now I want to share with you.

An standard terraced house, in the last 10 years in the Evershed Way area has risen in value by 26.3% on average whilst property in Repton have seen their property values rise on average by 51.2%, nearly double that of the Evershed terraced houses. It gets even more interesting when some of the pretty large executive detached houses in Repton have seen a rise of between 75% to 85% in that time. Like I said last week, annual yield/return is not the only factor when choosing an investment property, as you should also consider how long it takes to find a tenant and the potential increase in its value.
I look at the whole of the Burton market and give you my advice and opinion to help you find the best investment property. It is in our interest that you buy a property which will rent well, and for long periods of time. If you would like any advice on choosing properties, come and see us at our office on the High Street.

www.pplets.co.uk