Burton sees 8.2% return on investing in the rental market.

I was talking to a landlord from Newton Solney the other day about the Burton property market, following my recent articles in the Burton Mail. With all the news about house prices rising, he wanted to know what had happened to average property prices since the New Year. 

Well there is no such thing as an ‘average property’, but according to my calculations, the ‘average value of a property’ in Burton is now £169,300, which is a rise of nearly £1,000 from the figure I quoted 3 or 4 months ago of £168,550. Now by my calculations, the average rent being asked in Burton is around £590pcm, which means the yields/annual return are an impressive 4.2% per year. In the last 12 months, the average value of a property in Burton rose by 4%, meaning landlords achieved a total return of 8.2% in the last 12 months.

When comparing this to what you get in return from banks, buy to let could be good investment for you. Don't get me wrong, there are pitfalls. My message to all the people of Burton, be you an existing landlord or you are thinking of dipping your toe in the water for the first time is quite simple. Take some independent advice before buying anything, unless you're 100% sure of what you're doing. I say this because I know what happens when people don't.

Even if it's not from ourselves, there are still a few 'lettings only' agents in Burton who are well placed to advise on whether the property you're buying will rent, and at what price. We're certainly more than happy for you ask if you pop in and see us at our office's on the High Street.

Call our office on 01283 517444  

Visit our website: www.pplets.co.uk