A few weeks ago, I discussed the differences in the rent that could be achieved from properties in the villages and towns around Huntingdon, compared to the town itself. However, I didn’t mention the average values in both and how that affected their annual returns/yields.
The average terraced house in Huntingdon is worth £211,542, up 1.11% on last year,whilst some terraced houses in the surrounding villages are worth around 33% more.
The same was found for the value of an average semi-detached house worth £256,582 in the town, up 3.73% on last year, and with the value increasing by around 34% in the villages.
For a detached house in the town, you can pay approximately £414,306, up 1.80% on last year. This value is increased by circa 40% in some of the surrounding villages.
If you are a landlord who is looking to buy property to let, before you buy in Huntingdon or any PE27/PE28/PE29 village, you should consider the possible annual returns/yields. In the villages the yields are quite low, at around 3.5%, compared to around the 4-5% annual yield you may receive from properties in town.
So if you would like any advice when choosing properties, contact me on 07707 235270 or opallettings@mail.com so we can work out what is best for you!
The same was found for the value of an average semi-detached house worth £256,582 in the town, up 3.73% on last year, and with the value increasing by around 34% in the villages.
For a detached house in the town, you can pay approximately £414,306, up 1.80% on last year. This value is increased by circa 40% in some of the surrounding villages.
If you are a landlord who is looking to buy property to let, before you buy in Huntingdon or any PE27/PE28/PE29 village, you should consider the possible annual returns/yields. In the villages the yields are quite low, at around 3.5%, compared to around the 4-5% annual yield you may receive from properties in town.
So if you would like any advice when choosing properties, contact me on 07707 235270 or opallettings@mail.com so we can work out what is best for you!