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Tuesday 24 February 2015

What to look for when buying in Oxford

I was talking to a couple of landlords recently and they asked me for my opinion on what to look for when purchasing a Buy to Let property. One piece of advice I was able to offer was that a good property should sell when you need to release funds. So, if you are a landlord considering buying a property to let out, you want to buy a property that is saleable.

You can work out how saleable the properties in a particular street are by comparing the number of house sales to the number of properties in that street. The higher the number, the more saleable the properties are.

So, in Oxford, the most saleable street is Venniet Close. There are 87 properties in the street and since 1995, there have been 153 property sales which is an impressive 175% sales to properties. Others in the top 10 include Rewley Road at 126%, St Thomas Street at 69.56%, Kennington Road at 72% and Marlborough Road at 92.54%.

Whether you are landlord of ours or not, feel free to pop into our office on Woodins Way for our opinion on what to invest in or not, as the case may be.

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