Property values rise by £386 per week in Banbury

Last week, a landlord who lives in Adderbury, came in to our office to discuss the rising property values in the Banbury area. He owns a varied portfolio of rental properties, primarily in Banbury and Brackley with one in Chipping Norton, so it is interesting to compare the increase in property values around the area.

Over the last 12 months in Banbury average property value’s have risen from  £269,000 to £289,100 , a rise of £20,100, or £386 per week. When I looked at some of the surrounding areas, Brackley has had a slightly lower than average increase in property values, at around £250 per week, whilst Chipping Norton has an even lower than average increase of around £168 per week. It is, nonetheless, a rise in all the town’s average property values which suggests the market is recovering steadily in our area, but especially Banbury– good news for home owners and landlords alike.

When considering this landlord’s buy to let portfolio, yields can be in the order of an average 4% to 5% per year, depending where you buy, so combine that with steady rental growth, excellent increases in capital values of the properties themselves and it could be a good time to invest in the property market in Banbury as property values start to rise.

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 on the High Street, Banbury.