Around Sutton Coldfield, Good place to invest?

A new client asked me whether the property market in the towns around Sutton Coldfield is a good place to invest in so we did a little research with a focus on the villages of Water Orton, Curdworth, Wishaw and Middleton… There are some great properties available to rent for a tenant, from lovely three bedroomed detached houses at over £700 per month, to beautiful barn conversations at over £2,000 per month. Quite interestingly, nearly 4 out of 5 people own their home in these villages whilst the national average is just over 3 out of 5 people. This suggests there are not many properties that are in the privately rented market in these villages. In fact, according to the recent census figures, there is only around 10% of rented stock in the surrounding area. Certainly this would create demand for property for people looking a moving to the area.

Some people have the perception that village properties are difficult to let, however, as the tenants have to own a car and can afford the fuel and maintenance that goes with it many people look at commuting whilst enjoying the more rural lifestyle. Also, the issue of car ownership we can assume would not be a problem with average earnings being higher than the Birmingham area. Putting aside the large stone country properties with land and stables, which usually let well, as long as you have a property that is not above the £1500 per calendar month mark, and is within reasonable driving distance of transport links; there should be a strong demand for it. If you would like to talk to us about your potential investment, please come into our office on the Birmingham Road or call 0121 321 6090. For more articles visit our blog suttoncoldfieldproperty.blogspot.co.uk