The region is one of England’s most popular holiday locations, attracting visitors from other parts of the UK and abroad. This is mainly due to the natural beauty of its National Parks, historical sites such as Stonehenge and stunning beaches.
Cities in the South West also have a large student population, providing good opportunities for student property investors. The University of Bristol alone has over 29,000 students.
The South West has an average house price of £371,707, and prices in the region have shown strong growth in recent years. The average house cost was £319,902 in 2020 – an increase of 16% in just over two years*.
According to ONS data, rental prices in the South West increased by 4.4% over the 12 months to January 2023. That is slightly above the 4.3% for all of England**.
* Based on average property price data from Right Move.
**Data from the Index of Private Housing Rental Prices, UK: January 2023.
Why choose Holborn Assets Property Investments?
We manage the whole purchase process, including arranging a mortgage & instructing solicitors.
Once the purchase process is complete, we'll ensure the property is rented at the right yield.
We will also look after the maintenance of the property while it is rented.
If you'd ever like to sell the property, Holborn are here to assist you through this process too.