Properties in Plymouth
Properties in Plymouth

PLYMOUTH Blog

Plymouth mortgage-free capital of UK

 

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Plymouth is the mortgage-free capital of the UK, according to a new survey carried out by Which? Mortgage Advisers.

Nearly half of Plymouth residents own their homes without a mortgage, with 44 per cent owning their properties outright

Plymouth also has a higher proportion of over-60 residents, with 22 per cent being aged 60 plus, and this could explain why it has the most outright homeowners.

On the whole, 33 per cent of people living in the UK own their homes outright, compared to 35 per cent who are paying off a mortgage and 31 per cent who rent.

The survey also revealed that the average age of someone who had paid off their mortgage was 51, but that 16 per cent of owners had managed to pay off their loan before that.

Glasgow saw the lowest percentage of outright homeownership, with 24 per cent of residents being mortgage-free.

9% Great Yielding Flat in Fegan Road

Posted on 21st June 2014 in Buy-to-let Property, Plymouth Property

Stuart Donnington from the Property Group in Plymouth comments on his views of the Buy-to-let market in Plymouth.

I have come across the following little gem courtesy of Connells. They have a 2 bedroom flat in the Fegan Road, St Budeaux area with a asking price of £70,000.The flat might not be to everyone’s cup of tea, and ture capital growth might not be that great, but you should be able to let that flat to LHA tenants for the 2 bedroom LHA rate which is £525PCM. The flat itself internally looks smart and no work would be required in order to get the property ready to let. The flat was last sold in 2005 for £71,500.

If you can get the property for a little cheaper at around the £65,000 your looking at a great yield of 9.7%, even at the £70,000, the yield would be 9%, still not bad.

I know, I know there is a little more to property investment than great yields, some capital growth would be nice too.

For more information on the best local properties view the Plymouth Property Portal www.plymouthproperty.co.uk or contact Stuart direct on 01752 710747 or visit his website http://www.the-property-group.co.uk

Plymouth Property House Prices

Posted on 5th April 2014 in Plymouth Property, Uncategorized

THE average price of a house in Plymouth is now back up to the value it was before the market crashed.

Soaring property prices have left Plymouth homes worth nearly as much as during the 2007 high, which marked the end of the last boom, a new survey shows.

Prices are eight per cent up year-on-year to April, according to Nationwide, meaning the average home in Plymouth is now £177,198. The national average is £178,124.

Confidence in the economy and government initiatives such as the Help to Buy scheme have all helped kick start the market, according to property experts. But one estate agent says that Plymouth has been slow to catch up with other cities. Roger Punch, the South West spokesman for land and property experts RICS, said: “It started to take effect elsewhere way back last year and caused the market to warm up and really get going. But it’s only just starting to reach us.”

By Lisa Clark from the Evening Herald

Valuation Days

Posted on 22nd March 2014 in Plymouth Property

The latest Valuation Day proved to be a tremendous success for Mansbridge & Balment. The most recent event took place on the Bere Peninsula and was so successful, the appointments had to be arranged over three days.

Dan Bryant, one of the firms senior valuers, said that the response was overwhelming, “we had no idea this was going to be so popular. With other colleagues, we saw a real variety of property both in Bere Alston village and across the peninsula. A number of the properties have already come to the market.”

Mansbridge & Balment will be continuing to hold Valuation Days across the area, where the team are available for FREE property advice. Dan added “Don’t wait for a Valuation day – if you are thinking of a move, we’ll come and see you at a time to suit, just give us a call.”

For FREE property advice at any time, contact your nearest Mansbridge & Balment office.