… However, one location that might be worth a second look is Wales – where house prices remain lower than average at around £175,000, according to Rightmove. “In Wales you can still get an enormous amount of property for your money,” says Carol Peett of West Wales Property Finders, “and first-time or modest investors can afford to buy a property that generates a solid return.”
While properties remain affordable, according to property website Zoopla the market in Wales is showing signs of growth, with house prices rising 0.95% over the three months to August 2017 – a rate higher than the UK average of 0.62%.
Becoming a landlord
Those wishing to purchase a traditional buy-to-let property might wish to consider towns such as Carmarthen and Aberystwyth, both home to a university and a hospital, making them an “excellent investment” according to Peett. “A two-bedroom house can be purchased for £85,000 for example, and rental would be around £525pcm, giving a yield of 7.4%,” she says.
If you are thinking of moving to West Wales, or buying a holiday property, buy to let or buy to holiday let here, give Carol Peett at West Wales Property Finders a call on 01834 862816. We can find the perfect property for you whilst saving you time, money and stress.