Last week, a landlord came in to our office to discuss the rising property values in Bedford. He owns a varied portfolio of rental properties, primarily in Bedford, so it is interesting to compare the increase in property values around the area.
Over the last 12 months the average property value in Bedford has fallen by £7,845, from £229,446 to £221,601. This may be viewed as not very positive , but if you compare to 2009 when property prices fell dramatically. Property values are up 4.86% when the average value was £211,324.
This confirms that the market is showing signs of recovery, and is heading in the right direction. And as a values are still at a reasonable level it may be a good time to buy.
When considering this landlord’s buy to let portfolio, the rental values have remained fairly stable during the 12 months. They are slowly recovering to the average of around 5 years ago, therefore it could be a good time to invest in the property market in Bedford If you would like some advice about buying to let, please come and see us at our office on Tavistock Street.