A landlord I know has owned a few properties on Honeysuckle Way for the last thirteen years. She came in to our office to discuss the rise and fall of property prices on the street and how this has affected her yield over the years.
In 2000, when she purchased her first property on Honeysuckle Way , the average value of a property on the street was £50,400.00 which had a sharp rise to £82,500 by 2002. This rise in value continued, with average values being £110,459 in 2004 and £122,00 in 2006.
At the height of the property boom in this area, a property on Honeysuckle Way had an average value of £155,00. This soon dropped in 2010 to £128,500, with the average value increasing to around £150,750 this year.
When she told me of the rents she had achieved on the street, they seem fairly stable over the thirteen years and is now between £500 and £750, dependant on the property’s accommodation. Therefore, a landlord could expect a respectable annual yield of around on Honeysuckle Way at the moment.
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