Do semi-detached properties on the Pype Hayes Estate make good investments for Buy to Let?

I was talking to someone who lives in a detached house on the Pype Hayes Estate. He wants to purchase his first Buy to Let property and has noticed our rental index and previous articles, so was interested in getting to know the industry a little bit more. As he has lived in the Pype Hayes for over 8 years and he felt comfortable investing in there as he knew it well, we started to discuss the property market in this area. Firstly, we found that 19 semi-detached houses have sold within 0.25 miles of his property since the year 2000. Property values in Erdington (B24) have risen on average by over 140% over the last 19 years, but most semi-detached properties on the Pype Hayes have beaten that rise. For example, a three bedroomed semi-detached property on Tyburn Road rose by 142%, from £66,000 in 1995 to £160,000 in 2014 (current worth).

When we look back to 2003 on the newer section of the Pype Hayes estate, a three bedroomed semi-detached property in the Pype Hayes Road was bought for £175,500 and sold in 2012 for an only £180,000. An interesting contrast, to the older properties. With strong capital growth, such as those seen on the Tyburn Road you would expect yields to be comparatively lower, but most three bedroomed properties on the development can be picked up from £160,000 to £180,000 and could have achievable rents of £700 to £875 per month. This means annual yields can be around an attractive 5.5%! If you would like to talk to us about your potential investment, please come into our office on the Birmingham Road in Sutton Coldfield or call 0121 321 6090. For more articles visit our blog suttoncoldfieldproperty.blogspot.co.uk