Chellaston could be a buy to let secret..

One of the final chunks of census data has recently been released by the Government, and for those of you that like to look at the data, it is a treasure trove of information. Information is so important when making decisions on what (or not) to buy when investing in property.

A few weeks ago, I was discussing the house price trends by comparing two postcodes in East Derby. Today, I want to look at Chellaston on the South side of Derby. The census data allows anyone to look at the data for housing estates, but even better down to individual roads. Such information allows us to weigh up potential hotspots in the rental market and show potential landlords where there could be an opportunity.

Therefore, I looked at Chellaston as whole. There are just over 15,000 people living in 6,203 properties in the suburb of which 43% of the property are detached compared to the Derby average of 23%.
However, it is the home ownership percentages that really get me interested, as it is this information, tied in with our intimate knowledge of the market, where we can match tenant demand to an under supply of rental properties. In Chellaston, of those 6,203 households, 31% own their property without a mortgage and an additional 40% of households own their property with a mortgage. Only 9.3% (or be exact 578 households) are in the private rented sector in Chellaston (compared with the Derby average of 15.6%).

Therefore, with such excellent demand from tenants but a below average percentage of available rental properties, this could be the right area to purchase your next buy to let investment.

If you are considering buying a property for investment in the near future, I am always happy to give you my considered opinion on which property to buy (or not as the case may be) to give you what you want from your investment.

If you are a landlord, new or existing, feel free to pop through the door of our offices on St. James Street, call me on 07977 235545 or send me an email to the email address below.

If you would like to arrange a FREE RENTAL VALUATION then click HERE.
If you would like to see our selection of Investment Properties for Sale, then click HERE.

Call me at our office on: 01332 366171 or visit the website: www.pplets.co.uk