Burton census figures released

It seems a distant memory three years ago when we were filling in our census returns, but now the figures are beginning to be released, especially the statistics about property. The figures for each individual town and city have been released, so let’s look at the Burton’s (East Staffs Borough Council) figures .

In the town and immediate villages, nearly seven out of ten properties are owned, 69.6% to be precise (or around 32,880 households) and just over 7,135 householders rent their house (or 15.1% of households to be exact).Interestingly, over 13.5% of the houses are council houses (6,380 council houses), with the remaining properties being either Housing Association properties or tied cottages.

So, 15.1% of households are rented in the area, which is below the national average of 15.6%, but that is to be expected as Burton is a small town and hasn't seen the boom and potential bust cycles that other places in the North have seen. Demand continues to be good from quality tenants who are prepared a pay a decent rent, but only for a decent property (in next weeks blog, I talk about the landlords in Burton who, on average over 2013, achieved a total return of over 10%+ on their investment).

If you are considering becoming a landlord or are an established landlord that is thinking of buying another property to rent out, please do your homework. Feel free to ask my opinion on what makes a 'decent property'. It's in both our interests for you to buy the right property! I don't charge for that opinion, because I hope you will recommend me to your friends, which is in fact the best compliment you make.

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