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Property Investment

What Can You Buy for the National Average Asking Price?

With the average price of properties coming to the market reaching a new record high of £372,894* this month, understanding the potential investment opportunities this figure might offer property investors is key. Whether you’re aiming to tap into the vibrant student rental market, seeking properties with high capital growth potential, or are interested in areas with strong tenant demand, the properties at this price point are diverse. In this article, we explore five different properties currently on the market for around this average asking price, looking at their location, potential returns and tenant appeal.

3 Bedroom Semi with Excellent Local Amenities – Peterborough £375,000

Atherstone Avenue, Peterborough marketed by William H. Brown via Rightmove

For our first property, we found this three-bedroom semi-detached home that is ideally located in the sought-after West Town area of Peterborough.

Providing a generous living/dining room, a fully equipped kitchen and a master bedroom with built-in wardrobes, the property also offers ample driveway parking, a garage and a south-facing rear garden. The proximity to the city hospital and a selection of top-rated schools should make it an appealing option for working professionals and families looking for a rental property** in the area.

3 Bed Luxury Flat Liverpool with 6% Returns £375,000

Park Lane Apartments, Liverpool marketed by RW Invest via Rightmove

Introducing One Park Lane, our next potential property investment opportunity in the heart of Liverpool’s L1 district, where the historic rice mill has been transformed into a stunning collection of 1, 2, and 3-bedroom apartments. The onsite amenities, such as a spa, rooftop bar and even a museum, provide a plethora of desirable facilities for prospective tenants. The luxury properties also offer waterfront views, a fully-equipped gym and a rooftop terrace. Situated only a minute’s walk from Liverpool One and a 10-minute walk from Central and Liverpool Lime Street stations, the location offers occupants easy access to both local and regional transport links.

1-bedroom prices start from £129,995 while the 3-bed advertised is priced at £375,000. With 20.5 per cent capital growth and a 6 per cent rental yield anticipated, these apartments could represent a solid investment opportunity**.

5 Bedroom Maisonette HMO Newcastle Upon Tyne £370K Leasehold

Ashleigh Grove, Newcastle Upon Tyne, NE2 marketed by Purplebricks via Rightmove

This well-appointed five-bedroom maisonette in Newcastle Upon Tyne, marketed by Purplebricks, boasts an excellent rental history and is HMO licensed.

Occupying a prime location in the vibrant Jesmond area, and situated close to West Jesmond Metro, local schools, shops, restaurants and bars, the property is in an ideal spot to appeal to the large student population.  The city centre is easily accessible, just a 10-minute metro ride or a 20-minute walk away, while excellent road and transport links, including the nearby Central Motorway and A1, further enhance the property’s appeal to tenants.

Inside, the maisonette offers a spacious living/dining room, a modern, well-equipped kitchen and five double bedrooms spread across two floors. It also benefits from UPVC double glazing, gas central heating and a low-maintenance, courtyard-style garden to the rear.  The property is currently let until July 2023 with a rental income of £2400 PCM. The agents suggest their listing represents a secure, high-yield investment in a highly sought-after area, poised for capital growth**.

3 Bedroom Apartment Prime West End Location in Glasgow £370,000

Polwarth Street, Hyndland, Glasgow MQ Estate Agents and Lettings via Rightmove

Presented by MQ Estate Agents, this traditional apartment offers a unique opportunity for investors seeking a prime location in the bustling west end of Glasgow. The apartment features original elements such as stripped pine flooring, leaded glasswork and period windows. Accommodation comprises a welcoming hallway with a walk-in wardrobe, a sizeable lounge, two double bedrooms, a dining room, kitchen, bathroom and shared garden space. Additionally, the property benefits from gas central heating, a controlled entry system, storm doors and on-street parking.

The property is located in Hyndland, a sought-after** West End location in Glasgow, which offers an abundance of high-quality amenities including restaurants, cafes, coffee shops, specialist food stores and boutiques. Outdoor enthusiasts and those seeking leisurely pursuits will appreciate the close proximity to Kelvingrove Park, the Botanic Gardens, Kelvingrove Art Gallery and Museum and Glasgow University. Excellent transport links are available nearby, including an underground train system, regular bus services on Great Western Road and Hyndland train station, offering easy access for commuting or exploring the city.

Three Bedroom Detached Property Close to Schools and Transport Links £375K

Oaktree Road, Southampton, Hampshire, SO18 marketed by Austin & Wyatt via Rightmove

For our last property listing, we present this extended three-bedroom detached house in the highly sought-after residential area of Bitterne Park, Southampton. Bitterne Park is known for its well-regarded infant, junior and senior schools, enhancing the appeal for families. A number of local amenities are conveniently located within half a mile, while local bus routes provide easy access to Southampton city centre and surrounding towns. The property also benefits from its proximity to the M27, facilitating commuting across the south coast and offering convenient access to London and the wider UK via the M3.

The property itself is spacious and bright. The ground floor features a lounge/diner, a fitted kitchen/breakfast room and a family room, while the first floor offers three spacious bedrooms and a separate WC, with the back bedroom also housing a shower cubicle. Externally, the property boasts both front and rear gardens, with off-road parking in the front and a picturesque rear garden featuring a lawn, flower and shrub borders, a paved patio and a brick-built outbuilding.

*According to Rightmove’s latest House Price Index
** This is not investment advice. Property investors should do their own research

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Alex Wright, Editor