Supply & Demand – Population
Local government forecasts predict a 29% increase in the population of the Witney area over the next 10 years. Coupled with the exceptionally low rate at which we are building new homes and sales volumes (the number of properties sold) dropped by 19% in 2017 (compared with 2016) and the market fundamentals remain out of balance. Continue reading Looking ahead – Predictions for the West Oxfordshire Property Market in 2018
On 9th November 2017, four professionals from some of Oxfordshire’s local businesses gathered together to present at the historic Witney Blanket Hall on investing in Oxfordshire property.
If you missed the presentation or in the absence of the Great British Bake Off you’d like to watch a video of the presentation then this is available on our facebook page which can be accessed here .
If you would like to download the slides from the presentation, you can do so here – http://bit.ly/seminarslides
I was recently asked by WODC to put together a brief paper on the local Private Rented Sector (PRS) to help inform a cabinet level debate. Having done the legwork I thought I’d share my findings with you as some light reading. The aim of this is to help any potential buy-to-let investors make an informed decision about the type of property to purchase. Continue reading What Property Makes the BEST Investment in West Oxfordshire?
The supply of certain types of privately rented properties in Witney is currently well above average and, in some cases, hitting record levels. This is particularly true of 2-bedroom flats and 3-bedroom houses although there has also been a spike in 2-bedroom houses. Continue reading Supply of Witney Rental Property Hits Record Levels
Interestingly, we’ve seen a surge in the availability of rental properties being offered in the local market. This is particularly acute in relation to 2-bedroom properties in Witney, there are now 48 listed TO LET of which 31 are flats. Once we ‘zoom out’ slightly, the picture is less worrying, with only nine 2-bed properties listed in Carterton, this is below the usual norm. Interestingly, supply currently exceeds demand for 3-bedroom houses too, but this should rebalance as families aim to move during the school holidays. Here’s the latest availability for properties in Witney to rent: Continue reading What is Happening with the West Oxfordshire Rental Market?
Martin & Co Birmingham are currently working with a developer and have 33 one-bedroom apartments available to offer to our landlords.
Prices are £65-£70k with expected returns of 6.4-8.75%
For further details, CLICK HERE
Call us on 01993 708638 to register your interest.
See below for Witney round up over the last 12 months. Click here for MORE interesting updates on the Witney market.
See below for average property values over the last 12 months in and around Witney. Click here for MORE interesting updates on the Witney market.
Click here for some interesting and insightful articles from local businesses including tax tips and what to look out for when renting out property, latest stats on house price and rental increases – how these have changed over the last few years and much more!
A question often asked by landlords is ‘I have just bought a new property and have had to fix it up – is this income tax deductible?’ Continue reading TAX TIPS – Clearing up some confusion around Pre-Letting costs
The EU referendum has been the centre of attention across most industries for the last month, and property is no exception.
Shortly before the pivotal vote on the 23rd June, the NAEA, ARLA and CEBR have released prospective house price figures in the event of both a Remain and Leave vote. Continue reading How the Referendum might affect UK Property
Martin and Co Witney currently have five single storey residential units for sale. All are currently let on Assured Shorthold Tenancies representing a rare opportunity to acquire an investment that produces a healthy income whilst the planning opportunities are explored. Continue reading Superb investment/development opportunity
Looking to invest in property? Whether you’re new to the industry or have been investing in property for some time, check out our Top Tips for landlords when looking for that next investment property.