Is the Warrington Property market a runaway train?

Some of my landlords invest for yield, some invest for capital growth (and some for a bit of both). Everyone is different; if you are a landlord in Warrington, who invests for capital growth as opposed to yield, it is crucial to look to build in capital growth in a property by getting a property at a discount or by finding a way to add value.

So, how can you get a discount in this property market, with Warrington property values alight and property being snapped up over night? Achieving capital growth in Warrington is going to be tough over the coming few years isn't it? Well yes and no. Looking at the headline figures, of the 1,908 properties available for sale today in Warrington, 653 of them are sold subject to contract, an impressive 34.2% which is obviously a sign of a runaway Warrington property market? Well, no it isn’t. Don't get me wrong it is a lot better than it was a few years ago, but there are still good property deals to be had.

We asked Right move for all of the properties that had come on to the market in the last 28 days (363 to be precise), after one month, how many of those 363 had found buyers, less than one in five. Look at the last 56 days (2 months) and of the 601 properties that have come on to the market in Warrington, only 279 have a sale agreed on, the property market is good but it’s not a runaway train, is it?

The main thing is that landlords must take as much advice as possible. They will need to take a long and serious look at any existing properties or new ones to make sure they can achieve capital growth and that this increases in line with inflation.

We are able to look at the whole of the Warrington property market. There are good estate agents and bad ones, but one thing is always the same, they are all paid by a vendor to sell you a property, not paid by you to help you buy. Therefore, when they show you that bargain, don’t get pressured into buying a property until you have a good feel for the market. We have many landlords who send me a web link of any Warrington properties they are interested in and I always give my honest opinion. (It might not be what you want to hear, but it will always what you need to hear!).

If you would like to discuss my thoughts on the rental markets Warrington, feel free to pop into our offices on Crosfield street, 6 Bankside or email me on tpatel@hamlethomesproperty.co.uk