Carmarthen, Wales – £75,000 budget
If you are hoping to keep entry costs as low as possible, Carmarthen is the perfect spot – you can find a three-bed terraced house in the centre for £70,000-£80,000.
The Managing Director of West Wales Property Finders, Carol Peett, recommends the area because of high rental demand from students at the University of Wales Trinity St David campus.
Demand for larger homes will also rise, she says, as the West Wales General Hospital is expanding and the S4C TV studio is relocating from Cardiff.
“The large £74m St Catherine’s Walk shopping centre has brought a new vitality to the town and it is the chosen place to live for many who work in Llanelli, Swansea and even Cardiff,” she explains.
“The proximity to glorious beaches and stunning countryside, as well as the theatre, restaurants, art galleries and great shopping, make it a popular place for singles, families and retirees.”1
Whatever type of property you are searching for, you can find great prices: Three-bed semis cost around £115,000; a four-bed detached house costs less than £200,000; and a Georgian four-bed family home can be bought for under £300,000.
However, be aware that Wales has struggled to recover from the recession, meaning high capital growth may not be possible in the near future.
Wherever you are planning to invest, remember that buy-to-let property purchasers and second homebuyers will be charged an extra 3% in Stamp Duty on homes costing over £40,000 from 1st April.