Property values rise by £221 per week in Plymstock

Last week a landlord who lives in Plymstock, came into our office for a coffee to discuss the rising property values in Plymstock. He owns three properties which are located in Plymstock and is interested in buying another property in Plymstock.

Over the last 12 months, In Plymstock, the average property’s value has risen from £222,600 to £234,100, a rise of £11,500, or £221 per week. When I compared this with some of the surrounding areas, Plymstock has outperformed both Plympton (£180 per week) and Ivybridge (£131 per week). This is good sign of a strong market in the Plymstock area, which is good news for home owners and landlords alike.

When considering this landlord’s buy to let portfolio, yields can be in the order of 4 % to 5% per year, depending on where you buy. So combine steady rental growth and excellent increases in capital values of the properties themselves, it could be a good time to invest in the property market in Plymstock or even Plympton.

If you would like some advice about buying to let, be you a landlord with a portfolio or someone thinking of investing in the rental market, please come and see me at our office for a coffee or give me a call on 01752 710747.

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