The subject of a lack of Exeter property bargains over the last couple of years has always been near the top of most landlords’ thoughts.
I have built up an extensive database of every property sale in Exeter since 2008, so am able to give an objective and unbiased opinion on what does (and what doesn’t) make a good property deal/investment. Knowing what is happening in the property market in Exeter, compared to say Exmouth or Crediton, enables me to spot any trends or opportunities for buy to let landlords.
Here are some bargains that I spotted at the time, and have now completed. A 2 bed flat on South Street sold in October 2011 for £138,500. Just over two years later, the apartment came back for sale in the autumn, completing in December for £145,800, giving an approximate 5.3% increase in value in just over two years.
If you were wanting something a little more impressive, again I saw this a couple of years ago when someone paid £150,500 for one of those nice terraced houses on Oxford Street, St Thomas, in March 2012, selling a little over a year later for £165,000, a rise of around 9.6%.
Whether you are a landlord of ours or not, you are welcome to drop by our office for any advice and opinion on where the bargains are in Exeter. We will be happy to offer guidance on what (or not) to buy. We don’t charge for our advice, so can give our impartial opinion, without any conflict of interest to our landlords.
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