Market Commentary – January 2017

James Peacock continues to take a lot of enquiries from private landlords and investors with regards to the Warrington lettings market, in particular addressing concerns with the change in interest relief for landlords in April 2017.

Rental yields continue to remain strong in the town, and we have recently advised two landlords on property purchases that have resulted in double-digit yields. Whilst these may be an exception, it is evident that cash-buyers still hold the trump card when it comes to negotiating with sellers. Coupled with knowledge of how best to refurbish a property and attracting the right tenant, we believe that Warrington can out-perform both the Manchester and Liverpool rental markets.

James Peacock doesn’t forecast that rental prices will increase in the short-term. However, there continue to be opportunities to purchase good Warrington housing stock. A purchase of sub-£100k in the right location can still attract rentals of £600 per month, and a yield of 7%.

For impartial advice with regards to the Warrington property market, please contact Adam Jude on 01925 243366 who would be more than happy to meet for a coffee and talk through options.