Telford Property Blog

Brookside Property market outperforms Priorslee by 66%

Following a discussion with a local landlord who lives in Wellington, we got chatting about his two buy to let properties in Telford and how property in Brookside where one of properties is, (Burford) was so different to the Priorslee area (Gatcombe Way), where he owned the other. We got talking about the two properties in both areas as he wanted some advice on where to buy the next one.

I did a comparison between the two and was surprised to find that the property market in the Brookside Estate area had outperformed the Priorslee development market by 66%!

The average price of 3 bed house on the Brookside Estate is £80,300. When you consider the rents that are achieved in the Brookside Estate are an average of £537 pm, this gives us a yield of 8% per year. So is the Brookside Estate the best investment? Well, in the Priorslee development the average value of a 4 bed detached house  is £240,000  and the average rent is £968 pm, giving a much lower yield of 4.8% per year, making the yield / return on the Priorslee, 66% less than property in the Brookside estate, so surely it is the best investment, isn’t it?

This, however, is a great example of annual yield/return not being the only factor when choosing an investment property, as you should also consider how much the value of the property goes up in the long term. In the last 9 years, property values have dropped on average by 7.2% in the Brookside Estate However, average property values for 4 beds on the Priorslee development have risen on average by 4.7% in the same time frame

So, if you are investing in Telford property, do you want capital growth or yield?  If you would like some advice about buying to let, be you a landlord with a portfolio or someone thinking of investing in the rental market, please come and see me at our office in Grays, Forgegate, Telford.  Or feel free to send me an email martin@letwithsignature.co.uk