We all know Gunwharf Quays as one of the sought after places to live in Portsmouth, with it’s spectacular water front location.
The average property here sells at around £226,764 and rents are roughly £1000 per month. These are reasons a Landlord
came to our office to find out if Gunwharf Quays would be a better rental investment than Waterlooville where they have a property at the
moment.
When we compared the two, we found Waterlooville was made up of a range of properties including, detached houses, semi’s, terraces, bungalows and
flats, some of which are ex-council. On average they sell at around £327,765 and can rent on average at around £950 per month.
It became interesting when we compared the possible annual yields, as Waterlooville could achieve 3.4%, but yields can be as much as 50% more in Gunwharf Quays
at around 5% on average. However, we must remember that yield is not the sole consideration when investing in buy to let. The average value of property in Gunwharf
Quays has risen by 3.5% since 2008 but Waterlooville has risen by 7.25%!!
If you would like to come and discuss property in the area, you are welcome to visit our offices on Palmerston Road, Southsea and London Road, Waterlooville
