Published: 19/09/2018I recently went out to visit a first time Landlord who is about to let her 2 bed ex council semi detached home in Headingley after moving in with her boyfriend. She bought the house in 2015 and has been living there until now, so this wasn’t initially planned as a buy to let.
She paid £134,000 early in 2015. Upon studying the comparable sales in today’s market, I could see the range was likely to around £170,000 - £180,000 now. My thought was ‘Wow, that was a great buy!’. Although not looking to sell now, this shows an increase in value of up to 28% in 3 and a half years, which is a very significant up lift in such a short time frame! Researching further I found that the average price for this postcode had increased by 26% over the past 5 years.
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