It was only two weeks ago I wrote about my predications for the housing market in Welling in 2017. This week, as expected, there have been more articles in the industry press, and out to the public from the major portals like Rightmove and Zoopla, confirming just that. Below you’ll find all you need to know that will affect the value of your Welling property.
Zoopla up first, with their January newsletter that can be found on the link below. The general theme for them seems to be “shortage of housing”. A lack of supply. This definitely can be related to the Welling market, we have had three separate three bedroomed semi-detached houses in December and early January all receive offers at either asking price or above.
The Zoopla piece can be found here … Click for Zoopla report
and specific to Welling, prices are up 6.3% for the DA16 postcode in the last 12 months, which in monetary terms equates to £21,384.
Rightmove next, they report “encouraging early signs of home-mover activity” because “visits to Rightmove are up 5%” on the same period last year, even despite last years buy-to-let surge to beat the Stamp Duty hike. That would back up the demand outstripping supply theory as well.
Prices are split with Rightmove per bedroom for ease of reference, and please remember these are averages:
Their information reported mid-January on December trends can be found here … Click for Rightmove report
And finally, averages yields for the landlord amongst you. Rightmove report that the average yield for the Welling, DA16 area is just 4.85%. This is either wrong, or there are a number of landlords out there not maximising their investments, and if that’s you, please do get in touch free and without obligation to discuss how we may be able to help you get more from your property investments.
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.
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