How can you find a good property deal in Gloucester (and even Cheltenham) ?

The best way to add value to your rental property ?  

 

The subject of a lack of Cheltenham and Gloucester property bargains over the last couple of years has always been near the top of most local landlord’s thoughts. I have built up an extensive database of every property sale in the area since the late 1990 ’s, so am able to give an objective and unbiased opinion on what (and what doesn't) make a good property deal / investment. Knowing what is and what has happened to the property market in Cheltenham and Gloucester, enables me to spot any trends or opportunities for buy to let landlords.

Here are some bargains that I spotted at the time and made a note of. It’s obvious other people thought the same as some have now resold a few years later. A 5 bed mid terraced on Knowles Road in Gloucester sold in February 2013 for just £112,000. Admittedly it needed a lick of paint, but it was decent sized 930 sq ft house. What a bargain, because they sold it again eleven months later for £132,000 .... a 18% increase in just 11 months. If you were wanting something in Cheltenham, one buyer paid £195,000 in the late Spring of 2012 for a 650 sq ft two bed Victorian terraced house on Moorend  Road, just off Leckhampton Road on the South side of the town, selling it again this year in April for £230,000, a rise of 18% in two years  against the Cheltenham average of 4.8%.

Whether you are a landlord of ours or not or someone thinking of investing in rental market for the first time, drop by our offices for any advice and opinion on where the bargains are in the area. You see, as I don’t sell property, I can look at the whole of the market. Please email me on neil.west@belvoirlettings.com for any opinion on the Cheltenham and Gloucester property markets.