With inflation dropping to a lowly 1% and wages showing little signs of improving, the changes in average rents in the Mendip area in the last 12 months come as little surprise..
Room ~ -1.7%
Studio ~ -1.4%
1 Bedroom ~ 1.3%
2 Bedrooms ~ 1.0%
3 Bedrooms ~ 0.9%
4 Bedrooms ~ -0.8%
All Property Types ~ 0.0%
The average rents are now as follows:
Room ~ £350
Studio ~ £360
1 Bedroom ~ £452
2 Bedrooms ~ £592
3 Bedrooms ~ £747
4 Bedrooms ~ £1081
All Property Types ~ £597
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Here we go what have we got this week….
As per the norm I have ignored those properties with the piddly little box rooms that can double up as bedrooms for very small people and this weeks pick is this 2 bedroom terraced at The Withys over in Street….
What do I like about this property?
- Two double bedrooms
- Good energy rating
- Parking for 2! cars
- Front and rear gardens
- Popular location
Rental yield? Expect to achieve £580 PCM from this and at the asking price will give you a yield of around 5.2%
Capital growth? The Withys has done quite well in the last 10 years with an average increase of price paid of 22% though the semis seem to have faired better with an increase of 34%
For more details visit http://www.rightmove.co.uk/property-for-sale/property-46625440.html
