After a long year of hesitance and playing it safe, it seems the investors are back and Wycombe’s BTL market is reawakening. Kingshills’ viewing data for the last two months has shown 14% of our viewings were for investment properties by Buy To Let investors. Property has always been the best long term investment, and whilst this year’s events at Westminster have caused a cooling in the market, it would appear that the impetus is back and money is being invested again.
High Wycombe has been a great spot for investment for a long time; HMOs within reach of the train station and uni are consistently popular, as are purpose built one and two bedroom apartments.
Local yields have been steady over recent years averaging 3-5% in the town centre for landlords. We have four properties currently available which would be perfect for investment and which range in projected yield from 4.8%-6.5%. One of these has already been snapped up by a savvy investor, who looks to reap 5.5% yield when they begin letting the property from the beginning of next year.
Our recommendations for investors…
Ready to let. Short walk of train station.
Projected yield (based on rental income of £850 pcm) circa 4.8%
Ideal first investment. In need of refurbishment.
Projected yield (based on rental income of £650 pcm) circa 6%
10 minutes’ walk of town centre, spacious.
Projected yield (based on rental income of £850 pcm) circa 5.8%