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Surge in Rental Prices
Product Update
Introducing Property Deals Insight 2.0
We recently redesigned our website to make it easier to navigate between our various features and have included more detailed examples of what you can do with Deal Finder and Property Insights.
Every new account now comes with a credit of 6 free tokens, which means that you can get 3 property valuation reports or 3 searches on Deal Finder!
And we’ve added more results in Deal Finder: you’ll now get 100 to 200 listings depending on what is available in your target area.
So go check it out today!
Market Updates
Rent Prices Surge in North West
Newly released data from The Mistoria Group has revealed that that rent prices in the cities and towns in the Northern Powerhouse have risen by an average of 17%, with rental cash yields of 9% in Salford and 7% in Liverpool and Bolton.
As rental growth in London continues to slow, values in the North East, North West, East Midlands, Scotland, Yorkshire & Humberside, Northern Ireland and Wales are all rising at a rate faster than the UK average.
With our Property Heat Map, you can find specific high-yield areas in the UK which you can filter by the number of bedrooms, average sales price and rent price!
Demand for Rental Property Increases by a Third
Demand for rental property is up 33% compared to this time last year as market restrictions ease and renters plan for the near-term future, according to Rightmove.
Monday 18th May saw the highest level of rental demand ever recorded in one day on the property website.
The biggest increases in rental searches compared to last year are in Rotherham (+97%), Cambridge (+77%) and St Helens (+75%)
Property Insight
Halifax: 2 Bed Semi-Detached House
This week’s property valuation is a semi-detached 2 bed in Halifax with an estimated value of £157,567 and an estimated rental yield of 4%.
Below is a snapshot of the valuation we got when we entered the property’s details into our valuation engine:
With Property Insights you’ll also get:
– Cash Flow analysis and B2L analysis
– Details of Similar Properties
– Flip Analysis and ROI calc
– Rental Comparison
– Recent Sales
Deals of the Week
Repossession
Doncaster: 2 Bed Terraced House
This week’s repossession deal is a spacious 2 bedroom terraced house in Doncaster.
It was first listed on the 27th of February 2019 for £62,000 but has since been reduced by 19% to £50,000.
Below is a breakdown of the expected yield and cash flow on an average Buy2Let mortgage on this property.
Buy Refurb Sell
This week’s buy-refurb-sell deal is a 1/2 bedroom, ground floor apartment in need of some refurbishment in Bolton.
It was first listed on the 6th of December 2019 for £69,950 but has since been reduced by 21% to £55,000.
Below is a breakdown of the expected yield and cash flow on an average Buy2Let mortgage on this property.
Bargain Deal
This week’s bargain property is a 2-bed flat in Preston with a projected gross rental yield of 14%.
It was first listed on the 11th of October 2019 for £90,000 but has since been reduced by 22% to £70,000.
Below is a breakdown of the expected yield and cash flow if you bought this property at the listed guide price.
