I was chatting with a Landlord recently who mentioned that there are not bargains to be bought in Andover at the moment. Whilst we do sell property we are always happy to give advice on potential good investments to Landlords, whether we have the property on the market or not. I did a little bit of research and found that there are bargains still to be found out there.
A 4 bed detached on Salisbury Road sold in 2007 for £369,950. In June of this year it sold again for £330,000, a drop in value of 10.8%! A 2 bed terraced house on the Roman Way estate, sold for £135,000 in June this year. It had previously been sold in 2007 for £149,000, these are excellent value properties.
The common thread here is that both of these properties had been purchased in 2007, around the time that the market began its downward slide and although prices have picked up there are still bargains out there.
Whether you are a landlord of ours or not, drop by our offices if you would like any advice...