Gloucester’s property market has outperformed Lechlade’s by over 176%

Within Gloucestershire we have many towns and areas that make up our fine county, from the up market posh areas of the Chipping Campden, Lechlade and Cirencester all the way to the working class non nonsense areas of the Mitcheldean and Cinderford.  In fact I have a few landlords from the Cotswolds, one in particular who has a decent portfolio of buy to let property in Gloucestershire (especially in his home town of Lechlade and also Gloucester). Let’s be honest Lechlade is a sophisticated Cotswold market town which enjoys a well-earned reputation for stylish and convenient living close to abundant countryside. The thriving High Street, offers a comprehensive range of upmarket shopping facilities and the schools in are highly sought after having excellent Ofsted results. All these factors make the average value of a property in Lechlade around £443,900.

Our city of Gloucester has an excellent choice of shops, banks and restaurants, but not in the same league as Lechlade’s. Our city offers excellent rail and road links and there is a good choice of schooling within the area, including Sir Thomas Rich’s School and The King’s School and a number of decent primary schools. All these factors make the average value of a property in Gloucester around £204,300.

In the last 12 months, the average value of a property in Lechlade and Gloucester has risen in both places by roughly the same amount (Lechlade £15,900 and Gloucester £19,000). However, that doesn’t tell the whole story, because average property values are much lower in Gloucester. As a percentage, values in Lechlade have increased by a modest 3.7%, but in Gloucester they have increased at more than double that rate, in fact 176% proportionally more at 10.3%. It shows that Gloucester is a city that people want to invest in. 

By keeping an eye on the local market, I am able to judge if a property is good value to buy for a landlord. I give this advice and opinion at no charge to anyone who asks, be they an existing landlord of ours or indeed another agent. I will also give it to anyone considering becoming a buy to let landlord for the first time. I do not charge for this service, because if I offer you an honest and straight forward opinion, you may consider using me to manage your property. However, I must stress there is no obligation to do so. Feel free to pop your head through our door on Worcester Street in Gloucester to chat about the ups and downs of the property market in Gloucester.