LETTING & ESTATE AGENT

Following the government’s update on 13th May 2020 regarding home moving in England during the Covid-19 outbreak, we are pleased to announce our branches in England will start re-opening their doors for booked appointments over the coming weeks. Health and safety remains our main priority, and a number of strict measures will be put in place to protect our staff and customers. Our offices in Scotland and Wales will continue to support customers from home. Visit our branch page to find contact details for your local office.

Bemerton Heath outperforms Bishopdown Farm

Bemerton Heath outperforms Bishopdown Farm

We all know Bishopdown Farm as one of the sought after places to live in Salisbury; a well laid out development with attractively styled houses close to open countryside but with good local facilities and a 'bus service to the city. The average property here sells at around £335,700 and rents are roughly £900 to £950 per month.

These are reasons a landlord came to our office to find out if Bishopdown Farm would be a better rental investment than Bemerton Heath, where he has a property at the moment. When we compared the two, we found Bemerton Heath is made up of flats, terraced and semi-detached properties which were built from the 1950s and are ex-local authority. On average they sell at around £116,500 and can rent at around £690 per month.

It became interesting when we compared the possible annual yields, as Bishopdown Farm could achieve up to 3.4% but yields can be as much as 50% more on Bemerton Heath at around 7.1% on average. However, we must remember that yield is not the sole consideration when investing in buy to let. The average value of property on Bemerton Heath has risen by 28% since 2000, but Bishopdown Farm has risen by 63%.

If you want to discuss property call in or telephone Bryan Greenwood 01722 41414101722 414141.

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