Leigh on sea property values increase by £577.38 per week?

SO WHAT IS THE FUTURE FOR INVESTING IN LEIGH ON SEA ?

Last week, a Landlord visited our office to discuss the rising property prices in Leigh on sea. He owns a diverse portfolio of rental properties in and around the area, so it was interesting to compare the increase in property values.

Upon doing some research, I discovered that, over the last 12 months, the average property value in leigh on sea has risen by £30,500, from £266,801 to £296,850. This is a remarkable increase of 11.26%, which equates to an average of £715.38 per week. When considering detached houses, the average increase is even greater at £44,400 or £1,010.69 per week. I then looked at the surrounding areas to find that, in Hadleigh and Westcliff on sea, the average increase is lower, at around £561.46.31 and £425.23 per week respectively. Nonetheless, this is still a very healthy increase. Compared to the national average rise of £353.90, this would suggest that the property market is performing very well in Leigh on sea and the surrounding areas.

So, when considering this Landlord's buy to let portfolio, not only have the property values increased but the rental values of his properties have risen healthily during the last 12 months also. There has been a consistent increase in demand for rental properties, which suggests that now could be a good time to invest in the property market in and around Leigh on sea.

If you are considering investing in buy to let properties in the area and would like some advice, please feel free to visit our office.