Wellfield Street Warrington...Which is the best investment?

I was talking to somebody last week from the Grappenhall area, who was considering becoming a landlord for the first time. He visited our office to ask us whether buying a property on Wellfield Street (Sankey Bridges) or Wellfield Street (whitecross) would make a better Buy to Let investment, and which would offer a better return/yield. He knew the area well, as he lived around there over ten years ago. I confirmed that the properties on both sections of these streets let and sell well, but I wanted to do a bit more research to help with his choice...

The average price for a property on Wellfield Street (whitecross) has been £84,465; while on Wellfield Street (Sankey Bridges) it was nearly 6% more, at £97,257. To better understand the investment opportunities available, we took a look at the rents achieved over the last year. The average rent achieved on Wellfield Street (whitecross) was £477 pcm giving a yield/return of 6.78%. On Wellfield Street (Sankey Bridges) rent was slightly higher, at £495 pcm, with a corresponding yield/return of 6.11%. We found both streets to be as good as each other, but as you can see there is hardly any difference in the yields/returns, which we would not have identified without the extra investigation. In this case it really comes down to the best available property to buy on the day.

If you are a landlord, whether you deal with us or not, feel free to visit into our office on Crosfield Street to ask our opinion on which property investment is best for you, you can always call me, Tesh Patel on 01925 235 338 or email me on tpatel@hamlethomesproperty.co.uk.