Last week a landlord who lives in a lovely riverside property in Wraysbury came into our office to discuss the rising property values in Staines
He owns a portfolio of rental properties with several two
bedroom flats just off the Kingston Road, a stone’s throw from the station, so
always easy to let. He is considering
selling a couple of these off now that there are indications that the market is
starting to move, so he came in to discuss the increase in property values in
the area
.
Over the last 12 months property values in Staines itself have
increased by an impressive £394 a week. However
this price rise is by no means uniform and there are some significant
variances. If you look at Stanwell for
example, that area has seen a significantly lower average increase at around
£225 per week; on the other hand Ashford has risen by £360 per week, doing
almost as well as Staines. This snapshot
looks at the last twelve months, however during March and April 2014 the market
really gathered pace and moved even more quickly. In line with London, this acceleration seems
to have stabilised and is now being consolidated - good news for homeowners and
landlords alike.
Looking at this landlord’s buy to let portfolio, the rental
values have shown a small upward trend of around 1.5% over the last 12
months. Over the last five years we have
seen rents in our area rise around 5.5%, so he has seen a steady rental return
whilst also accruing significant capital growth.
Now could be a great time to invest in the property market
in Staines. If you would like some
advice about buying to let, be you a landlord with a portfolio of someone
thinking of investing in the rental market for the first time, please come at
talk to us at our office on the High Street in Staines.
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