In figures provided by Zoopla, the average price paid for property in Slough stands at £390,099, as of mid-October 2018. The current average value for Slough property is listed as £395,210, which represents a value fall of £3,655, and this is a percentage change of -0.92%.
These aren’t alarming figures, not considering the general behaviour of the UK property market in 2018, and there are many ways for Slough property owners to enhance the value of their property if they are looking to sell soon.
Be aware of average price paid for property types in Slough
Of course, while the average price paid, and the average value of property is of interest, if you have an interest in Slough, you will be more interested in prices for property types. The table below indicates the average price paid for Slough property types in the past 12 months, to mid-October 2018:
- Average price paid for flats: £242,256
- Average price paid for terraced properties: £352,477
- Average price paid for semi-detached properties: £425,902
- Average price paid for detached properties: £734,991
While the average price paid for property in Slough is of interest to most people, there will be people who are more focused on the rental market. If you are a landlord or tenant, the cost of Slough property will impact on you but rental fees and expected rental yields will be more pertinent in what you are likely to do next.
Check out the average asking rent in Slough
According to Zoopla, the average asking rent in Slough is £1,100 per calendar month (PCM). For a one-bedroom property in Slough, the average asking rent stands at £847 PCM while for a two-bedroom property, the average asking rent is £1,091 PCM.
With respect to the average asking price for a three-bedroom property, the figure is £1,350 PCM and a four-bedroom property carries an average asking rent of £1,672 PCM. For a five-bedroom property, the average asking rent is listed as £1,901 PCM.
The average asking rent is a good starting point for tenants and landlords but of course, the quality, standard and location of the property will impact on its asking rent. If you’re a landlord and you want to maximise the rental income you receive from your rental property, get in touch with Addison Giles and we will do our best to help you out.
In figures provided by the rentalyield website, the expected rental yield for the SL1 postcode area is:
- One-bedroom property in SL1 offers a 5.79% rental yield
- Two-bedroom property in SL1 offers a 4.71% rental yield
- Three-bedroom property in SL1 offers a 4.24% rental yield
- Four-bedroom property in SL1 offers a 4.59% rental yield
- Five-bedroom property in SL1 offers a 4.19% rental yield
These figures, especially the one-bedroom return, are worth considering but with careful planning and a sensible approach to the rental process, it is possible to enjoy a better rental yield in Slough. If you are an investor or landlord looking to maximise the return from your rental property in Slough, contact Addison Giles and we will be more than happy to assist you.