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How have property prices performed in Dunstable, Houghton Regis and Leighton Buzzard and how you could possibly make £20,000 buying a 1 bed apartment advertised in Dunstable right now !

How have property prices performed in Dunstable, Houghton Regis and Leighton Buzzard and how you could possibly make £20,000 buying a 1 bed apartment advertised in Dunstable right now !

Many people forget that an investment in a property to rent is not all about the rental yield but also the capital yield on the property is also a major factor.

Here are the figures showing increase in prices in the LU5, LU6 and LU7 areas in the last year and compared to 5 years ago. LU5 & LU6 cover Dunstable & Houghton Regis and LU7 covers Leighton Buzzard.

LU5

Last 3 months up              1.93%

Last 6 months up              6.23%

Last 12 months up           6.8%

From 5 years ago up       17.15%

 

LU6

Last 3 months up              2.05%

Last 6 months up              6.45%

Last 12 months up           7.58%

From 5 years ago up       16.83%

 

LU7

Last 3 months up              1.93%

Last 6 months up              6.16%

Last 12 months up           6.55%

From 5 years ago up       16.50%

  

2 bed properties are the most sought after so here is an example of what is available in each postcode and your potential rental yield.

LU5

2 bed flat for sale in The Mall for £110,000. Rental value £600 - £650pcm Rental yield 6.5% – 7%

LU6

2 bed flat for sale in Abbey Mews for £124,995. Rental value £625-£650pcm Rental yield 6% – 6.25%

LU7

2 bed flat for sale in West Dock Leighton Buzzard for £180,000 Rental value £750-£775pcm Rental yield 5% – 5.2%

 

Is there still a bargain to be found ? If you look closely they are there.

Right now there is a 1 bed apartment available in Bramley Court Dunstable. Usual price for a 1 bed is around £100,000 and this is marketed at £99,950 but you have to read the description. It must be repossession and the description for the bedroom with an ensuite tells you it was originally a 2 bed apartment and the owners removed a dividing wall to make one large bedroom. Put the wall back and doors back to make a 2 bed with ensuite and it will be worth £125,000 - £130,000. The cost of the work ? Maybe £1,000. It currently has an offer of £102,520 and must be worth a look !

If you want advice on your first or next property investment, come and talk to the team at Belvoir Dunstable.

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