Did you know that Amber Valley is separated into the following 16 areas, Alfreton, Alport, Belper, Codnor and Waingroves, Crich, Duffield, Heanor, Ironville and Riddings, Kilburn, Denby and Holbrook, Langley Mill and Aldercar, Ripley, Shipley, Horsley and Woodhouse, Somercotes, South West Parishes, Swanwick and Wingfield?
When searching for the right place to invest in a buy to let, the choice can seem a little daunting!
As RF&O cover all of these areas and support landlords throughout Amber Valley we have some very good news for you….
The Amber Valley rental market has experienced a boom over the past year, with properties in all price ranges performing exceptionally well.
But some areas are out performing others…
When writing this article there were 145 properties advertised for let across Amber Valley of which 98 were shown to be let agreed meaning that over 65% of rental properties on the market had found a potential tenant, most within only a few days of being advertised.
Here at RF&O, we have scores of tenants calling the office as soon as a property is made live online/or a board is erected outside of the property.
This trend appears to be widespread across all parts of the borough, however there are some areas that are performing above and beyond normal expectations:
Swanwick: Whilst always a popular area for investors, rental prices have really increased over the past year, and well presented 2 bedroom properties are achieving £600 -£650+ pcm with lots of interest from prospective tenants
Belper: With the highest number of rental properties available for prospective tenants compared to the other areas. At the time of writing there were 34 properties advertised online, of which only 9 were still available showing that the Belper market is very buoyant for both cheaper and more expensive rents.
Somercotes: With property prices generally slightly lower than other areas of the borough this village offers the buy to let landlord the opportunity to buy a cheaper property yet still achieve the same or even higher rental prices than areas with more expensive properties. This area remains very buoyant and popular with renters.
With over 12% of Amber Valley people in private rented accommodation and the current view that it is likely that this figure is set to grow, now might just be a good time to buy property in the Amber Valley area.