Wellfield Street property out performs Castle Green in Warrington by nearly 45%

Last week, a couple from the Appleton area came to discuss potentially investing in Buy To Let property. They were in town starting their Christmas Shopping when they decided to take me up on my offer of popping in for a chat. I really do enjoy it when people take me up on this offer especially if the person is a first-time investor. There is a lot to consider before investing in property.

One of the most important considerations you will make before investing is the balance between annual return/yield and the annual value increase/capital growth. Castle Green on the Kingswood Estate was built by McLean Homes in the early 1990’s, as one of Warrington premier roads to live on. It is one of the most sought after places to live on the West side of Warrington. The average three bedroom semi-detached house sells at around £220,000 and rents are roughly £900 per calendar month.

With this in mind, it was a surprise to find that similar sized three bedroom semi-detached houses on Wellfield Street, in Warrington, have outperformed those on Castle Green. This is because a three bedroom semi-detached house on Wellfield Street just off Lovely Lane can be bought for around £85,000) and the achievable rents can be around £550 per calendar

The yield which could be achieved from a property on Wellfield Street is around 7.7% per year. When we compare this to the possible 4.9% on Castle Green, it is nearly 45% higher on Wellfield Street. However, we must remember that yield is not the sole consideration when investing in Buy to Let properties. The average value of a three bedroom semi-detached house on Wellfield Street in 2000 was £49,950 which has since risen by 41% in the last 15 years. A three bedroom semi-detached house on Castle Green in 2000 was £104,000, meaning the value has increased by an impressive 111% in the same 15 years.

If you would like to know more about the Warrington Property Market, then for more articles like this, please keep visiting my Blog weekly - if you would like to join my monthly email list email me on manoj@hamletwarrington.co.uk and I will send you a pdf newsletter once a month with research I have wrote regarding the Warrington property market, if you are in the area feel free to pop into the office we are based on6 Bankside, Crosfield St, WA1 1UP plenty of free parking and the kettle is always on.

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