Investing in more than one new property in Bath

Posted by chris on June 2nd, 2019

Less than 100 miles West of London is the scenic, World Heritage status city of Bath. Straddling the Avon river on both banks, the residential quarters and business centres on either side make up for some magnificent views. The exquisite local architecture earned many buildings the Grade I status, while some of the townhouses that benefit from this prestige are available on the market. Careful, though, because they won’t come cheap. Just to give you an idea of what Grade I means, Warwick Castle and Buckingham Palace are also listed in the same category.

Because the local real-estate market has been going on a steady upward trend, those who have already purchased a house for sale are often looking for another or, to diversify their portfolio, a top-notch commercial space to let. Investing in several Bath properties with help from Pritchard’s is a great way to boost your income for the following decade. Business in Bath From February 2018 to February 2019, the average price of local real estate has gone up a substantial 19%, which is better than any bank deposit will offer you on such short notice. Many estate agents bolstered their client’s winnings, as well as their own, by giving sound investment and purchasing advice.

However, these numbers are slightly generalized – when you look at the fine print, as any great estate agent would help you do, some houses for sale fared much better than others. On the low end of the spectrum are flats and detached properties, whose purchase value actually decreased by 22% and 10%, respectively. While detached properties are clearly pushed towards the lower end because of their higher prices as compared to the rest of the market, flats are generally on their way out – nobody wants to be restricted to such a small living space when there’s gorgeous nature surrounding the city.

Where Big Money is Headed At the high end of the spectrum, you’ll find semi-detached properties, which are generally more affordable than their detached counterparts, and so young professionals prefer them as the best value choice: more space and amenities than a flat, but not as expensive as a detached home. If you had bought two or more semi- properties in 2018, you could have sold them off for 57% more this time of the year, some of them being the most expensive residential sales closed in this timeframe. There’s another reason for this, however. People prefer a more manageable household that is situated in a great area over a building that’s solitarily overlooking the surroundings from on top of a hill.

Central houses for sale always fare better than the ones a couple of miles out of the way because the local infrastructure is slowly getting overwhelmed. With so many people moving in from all parts of the United Kingdom, this chic, charming town is reaching its automobile limit. A Bullish Trend People will continue to aggressively purchase commercial spaces and other types of properties in Bath for the next five years. Swarms of professionals are taking advantage of the premium real estate prices to settle down and bring up their children here, particularly with the bespoke independent educational institutions of Bath. As such, it only makes sense to purchase more than one Bath property while you still can. On a long enough timeframe, each and every one of these houses will increase in value, even if some have substantially higher gains than others over a one-year timeframe.