Last week, a landlord who lives in one of those nice terraced houses off Radford Road came into our office to discuss the rising property values in Exeter.
He owns a varied portfolio of rental properties, primarily in Exeter, with a couple in St Leonards and one in St Thomas, so it is interesting to compare the increase in property values around the area.
Over the last 12 months in Exeter average property values have increased by an impressive £227 per week. Some areas have done better than others. Radford Road, for instance, appears to have had a lower average increase, at around £204 per week, whilst the increase in St Thomas was lower again at around £170 per week.
It is, nonetheless, a rise in average property values to suggest the market is recovering steadily in our area – good news for home owners and landlords alike.
This
landlord’s buy to let portfolio also showed that there has been a steady
increase in the rental values in Exeter over the last 12 months.
All in
all, then, it could be a good time to invest in the property market in Exeter.
If you would like some advice about buying to let, be you a landlord with a
portfolio or a potential landlord, please come and see us at our office on
South Street.
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