I always
welcome landlords to pop in and see me before they invest – so that I can do
some research on their behalf. It’s always better to have a few more extra sets
of eyes looking at your investment plan.
Mike, a
Warrington landlord, came in to our office last week and took me up on my
offer. More specifically, he came to discuss the rising property values in
Warrington. He owns a varied portfolio of rental properties, primarily in
Warrington and is looking to invest again. However, this time he is looking for
a semi-detached property.
I decided to
compare Warrington’s property market growth to Widnes and Runcorn – as some of Mike’s
properties are in these neighbouring towns.
Warrington
Values
Over the last 12 months, the average property value in Warrington has
risen by nearly £2,783!
The average
price paid is £182,774 across all property types in Warrington – which is a
very reasonable 1.42% increase. In
fact, if you look over the last five years in Warrington, the change in value
is £28,873, which is an increase of
17.02%. Not too shabby!
When we looked
at the values for semi-detached houses in the last 12 months, this average
increase is at £4,074. This is a considerable average
increase of £78.35 per week.
Values in
Widnes and Runcorn
I then looked
at semi-detached in some of Warrington’s surrounding towns.
Widnes has a lower average increase in property value, at around
£47.23 per week (£2,456 over the last 12
months), whilst Runcorn has decreased in value by £8.36 per week (minus £435 over the last 12 months). So while Warrington and
Widnes property markets are doing well, Runcorn is struggling. However, it has
improved from previous years and is slowly on the rise.
When
considering this landlord’s buy to let portfolio, the rental values have
increased slightly in the last 12 months. He has increased them to the town
average, showing therefore that it could be a good time to
invest in the property market in Warrington.
If you would
like research like this done for you before you invest in the Warrington
property market then feel free to pop into my office which is situation at 6
Bankside, Crosfield St, WA1 1UP you can always drop me an email on manoj@hamletwarrington.co.uk or give me a call on 01925 235 338.
I will be more than happy to give you my time and introduce you to the team.
Don't forget to visit the links below to view back dated deals and Warrington Property News.
Twitter, https://twitter.com/HHWarrington/
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