Improved yields for buy-to-let investors, estate agent claims
Buy-to-let investors in the Essex town of Brentwood have seen an
improvement in yields over the past few weeks, according to one
local estate agent.
A report from Off Plan Property Exchange.com claims that the local area
has experienced a rise in the number of property sales, which has
in turn led to a reduction in the amount of homes available to rent
on the market.
Consequently, landlords have been able to increase rental rates and
see a better return on their investment.
Speaking to the publication, Adam Johnson, lettings manager at
Beresfords in Brentwood, said: "Less available stock also means
that potential tenants have to move more quickly than in recent
times in order to secure a good property, which is great for
landlords as this means there is less likelihood of void
Brentwood, which is south of Chelmsford and less than an hour out
of central London by train, is a popular location for commuters and
young professionals, according to the estate agency.
Land Registry figures released last month revealed that average
London property values increased by 1.3 per cent in September this
year in the fifth consecutive monthly price rise.