Welling Property Market update - May 2017

Rightmove have released their latest set of "averages" for the pricing of property in the Welling area, and as usual they make questionable viewing. 

Regrettably, they are only based on transaction from one calendar month and peaks and troughs over time are inevitable. I therefore take them with a pinch of salt. 

Average Sale prices for Welling, DA16

Average Rental prices for Welling, DA16

The market remains strong generally. Valuations are up, viewing numbers are up, although offers are more difficult to squeeze out, but when they come, they are usually agreeable. 

Of more pressing concern to me, and local landlords you'd hope, is Rightmove's stat that average rental yields in the area stand at just 4.67%. Without wanting to alienate every tenant in the area, if you are a landlord and you are getting less than 4.67% as a rental yield, you really need to be making some phone calls. With a lack of rental stock in the area, and coming in to the Spring and Summer peak months, a re-evaluation of your property portfolio could be long overdue. 

The average rental yield in the area is just 4.67%

On a positive note, Bexley is the third highest London Borough on their list of annual price increases. Given one of the higher two is the unaffordable City of Westminster, it makes investing in the Bexley area as attractive a proposition for landlords as ever. 

Bexley has seen some of the best increases % wise in London

Rightmove's full report can be found here ... http://www.rightmove.co.uk/news/house-price-index/?utm_source=investors-newsletter&utm_medium=email&utm_content=hpi&utm_campaign=may17

If you are looking for an agent that is well established, professional and communicative, then contact us to find out how we can get the best out of your investment property.

Email me on kevin@dansonpropertyservices.com or call on 020 3397 4499. If you are in the area, feel free to pop into the office – we are based on 116 High Street, Welling, Kent, DA16 1TJ. There is plenty of parking and the kettle is always on.

Don’t forget to visit the links below to view back dated deals and Welling Property News.

Follow The Buy-To-Let Property Investment Market in Welling

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Find out how much is your Welling home worth. Click here for your FREE Instant Online Valuation

Welling Investment Property of the Week - 9th May

Marketing Price - Offers in Excess of £280,000

Expected Rental - £1150pcm

Rental Yield at Asking Price - 4.9%

Unless you have been living under a rock you'll know that Crossrail is coming to SE18 within in the next 12 months. 

The upturn in the market, and prices, in the area in recent times has been nothing short of extraordinary, and whilst some may argue investors in to the area have missed the boat, prices are still likely to rise considerably in the near future, and therefore buying in SE18 should be a wise investment. 

The private garden makes this Victorian conversion more appealing to potential tenants

Period property in London is what sells, and what holds its value, and appreciates in value, the most. This two bedroom Victorian conversion has a private garden to the rear, unusual for other properties of this style, and a long lease. Whilst not immaculate throughout, it is generally in very good order, and certainly more than adequate for the rental market. 

With Crossrail likely to see further price rises in the area, and an influx of potential new professional tenants in to the area, it isn't unthinkable that you will not only see significant capital growth over time, but a jump in the sort of rent you can command as well. 

You can see the property listing here ... http://www.rightmove.co.uk/property-for-sale/property-48144927.html

If you are looking for an agent that is well established, professional and communicative, then contact us to find out how we can get the best out of your investment property.

Email me on kevin@dansonpropertyservices.com or call on 020 3397 4499. If you are in the area, feel free to pop into the office – we are based on 116 High Street, Welling, Kent, DA16 1TJ. There is plenty of parking and the kettle is always on.

Don’t forget to visit the links below to view back dated deals and Welling Property News.

Follow The Buy-To-Let Property Investment Market in Welling

Welling Property Market LinkedIn Page

Danson Property Services Welling Facebook Page

Danson Property Services Welling Twitter Page

Welling Investment Property Specialist Danson Property Services Website

Find out how much is your Welling home worth. Click here for your FREE Instant Online Valuation

Welling Investment Property of the Week - 2nd May

Marketing Price - £225,000

Expected Rental - £1100pcm

Rental Yield at Asking Price - 5.9%

If you are looking for the simplest buy-to-let purchase in Welling at the moment look no further than this two bedroom maisonette within easy walking distance of Welling train station and High Street. 

With tenants already in situ, you're making money without lifting a finger.

Advertised as available for buy-to-let investors only, and obviously therefore with no onward chain, its as clear an indication as you can get that the property is already tenanted and with tenants clearly happy to stay. 

Whilst the property does need some updating, the tenants already in situ are the ones living there not you, and if happy to stay, great, no works needed! In time, when they vacate, you can modernise the bathroom and tidy up the overgrown garden, or maybe do it now with their consent, and consider a small rent increase at the same time. 

Either way, this purchase is worth a look with other similar properties in the same development changing hands and on the market at the moment for 25-40k more. 

More information here ... http://www.rightmove.co.uk/property-for-sale/property-59440885.html

If you are looking for an agent that is well established, professional and communicative, then contact us to find out how we can get the best out of your investment property.

Email me on kevin@dansonpropertyservices.com or call on 020 3397 4499. If you are in the area, feel free to pop into the office – we are based on 116 High Street, Welling, Kent, DA16 1TJ. There is plenty of parking and the kettle is always on.

Don’t forget to visit the links below to view back dated deals and Welling Property News.

Follow The Buy-To-Let Property Investment Market in Welling

Welling Property Market LinkedIn Page

Danson Property Services Welling Facebook Page

Danson Property Services Welling Twitter Page

Welling Investment Property Specialist Danson Property Services Website

Find out how much is your Welling home worth. Click here for your FREE Instant Online Valuation