Waterlooville Property Values Have Increased By £76.21 per week
Last week, I was talking to a landlord about the rising property values in Waterlooville. He owns a varied portfolio of rental properties, primarily in Waterlooville, so it is interesting to compare the increase in property values around the area.
Over the last 12 months the average property value in Waterlooville has risen by nearly £3,963, from £301,722 to £305,691. This is an increase of 1.37%. When we looked at the values for detached houses, this average increase is even greater at £7,953, this is a considerable average increase of £152.94 per week. Whereas when we look at the value for semi detached houses, the average increase is greater again at £8,208, this is an average increase of £157.85 per week. 437 detached properties were sold in the last 12 months in Waterlooville.
The above graph shows how property prices have risen in the last 5 years.
When I looked at some of the surrounding towns, Hayling Island has a lower average increase in property value, in fact houses have decreased by £149.56 per week, whilst Gosport has a modest average increase of around £43.02 per week. It is, nonetheless, a rise in average property values to suggest the market is recovering in our area.
When considering this landlord’s buy to let portfolio, the rental values have remained fairly stable during the last 12 months, therefore it could be a good time to invest in the property market in Waterlooville.
If you would like some advice about buying to let or have any property related questions please do get in touch - I’d love to help you. Please feel free to contact me.