8 March 2017

Should you be buying in Andover?

Previously I have written about the differences in the rent that could be achieved from properties in the villages around Andover, compared to the town itself.  However, I didn’t mention the average values in both and how that affected their annual returns / yields.
The average terraced house in Andover is worth £212,216, whilst terraced houses in the surrounding villages are worth an average of £272,312, just over 28% higher.  The same was found for the value of an average semi-detached house worth £266,733 in the town with the value increasing by just under 20% in the villages to £319,750.  For a detached house in the town, you can pay approximately £385,452.  This value is increased by just over 61% in the surrounding villages, with average values of £622,298.
If you are considering buying a buy to let property, before you buy in Andover or any SP11 village, you should consider the possible annual returns / yields.  In the villages, the yield for a terraced property are quite low at around 4%, compared to around 5% in town.

So if you would like any advice when choosing a property, please pop in and see us.

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