Buy To Let - Pershore or Evesham?
A landlord who lives in Cropthorne, between Pershore and Evesham, called to see me the other day to discuss where he should buy his next Buy to Let property. We did a little research and found that the average price of a semi-detached in Pershore is around £199,850, whereas in Evesham the average price for a semi-detached is around £187,500. Considering average rents for a 3 bed semi, Evesham comes out at £746 pcm and Pershore £716 pcm. Evesham would seem to offer the better yield, 11% higher in fact at 4.8% pa compared with 4.3% in Pershore. However, if we look at average house prices (capital growth) over the past 4 years Pershore prices have risen by 10% whilst Evesham’s have increased by 4%. Better capital growth or yield – the decision of every landlord. Bear in mind these are only averages and if you would like to discuss your potential investment please pop into our office on the High St in Evesham.