Waterlooville Has Some Of The Most Affordable Properties In The Region
A landlord called me up last week to discuss the affordability of property in Waterlooville, with the current national property market being in recovery with increasing house prices. The best advice I can give to those looking to invest in property is our secret trick of the trade. You can judge the affordability of a town by simply finding the ratio of the average property price to the average salary. The lower the ratio, the more affordable property is.
When we put this to the test, we found that Waterlooville currently has an average property value of around £274,400 with the average salary being £23,820. This is a respectable ratio of 1 to 11.5.
Meanwhile in Portsmouth the ratio of property values to salary is 1 to 12.1, which suggests the property in the town are 5% less affordable than in Waterlooville.
We also had a look at Fareham and found the average salary is £25,340 and the average property value is £263,800. This means that property in Fareham is 2% less affordable than Waterlooville, with a ratio of 1 to 11.8.
This could mean that now is a brilliant time to invest in Waterlooville’s property market, while the average value of property is low compared to the average salary. If you would like to talk to me about your potential investment, please don’t hesitate to contact me on the below details.
0333 772 0718