A landlord asked me whether the rental market to the north of Grantham is a good place to invest in so we did a little research with a focus on the villages of Ancaster, Barkston, Carlton Scroop and Fulbeck…
There are some great properties available to rent for a tenant, from lovely three bedroomed detached houses at around £600 per month, to beautiful barn conversations at nearer £2,000 per month. Quite interestingly, nearly 4 out of 5 people own their home in these villages whilst the national average is just over 3 out of 5 people.
This suggests there are not many properties that are in the privately rented market in these villages. In fact, according to the recent census figures, there are only 270 rental properties out of the 3,017 households in these villages. Therefore, around 1 in 11 households are rented from a landlord compared to the national average of 1 in 6.5 households.
Some people have the perception that village properties are difficult to let, as the tenants have to own a car and afford the fuel and maintenance that goes with it. Putting aside the large stone country properties with land and stables, which usually let well, as long as you have a property that is not above the £800 per calendar month mark, there should be a demand for it. Also, the issue of car ownership does not seem to be a problem in these villages as 9.4% of households don’t have a car compared to the national average of 25%.
If you would like some advice on what could make a good property investment, please visit our office on St Peters Hill.
