One Bedroom Flats In Waterlooville, Do They Make Good Buy To Let Investments?
There are over 2627 flats in Waterlooville (PO7). This only represents around 13.01% of the housing stock here, with the national average being nearer 18.08%. The average price of flats with one or two bedrooms in Waterlooville is around £161,009, which is an increase of 0.86% over the last 12 months ago.
You can buy a one bedroom flat in the development on Hulbert Road for a very reasonable £125,000. If a landlord put down a £20,000 deposit and borrowed the rest, they could achieve around £650 per month in rent. Even after paying the service charge, yields could reach around 6% per year. However, you must remember that every landlord’s tax and interest rates are different, so it is essential to research your investment carefully before committing.
Finally, let’s not forget about the potential increase in capital value of the property. I was looking at the one bedroom flats on the Hulbert Road development and found that they sold for around £100,000 in 2013. In 5 years the property has increased by 25%.
If you would like some advice about what could make a good investment, please don’t hesitate to get in touch with me – I’d love to help you.