Average property prices top £150,000!
Sunday 1st March 2009
Property of the Week from Property Mentor workshop
Area – Northamptonshire
Property type – House
Number of Bedrooms – 4
Length on Market – 9 Months
Valuation – £220,000
Positive Cash Flow – £795 per Month
Click here to see the testimonial videos
The phrase ‘you get what you pay for’ no longer applies to the property market according to leading mortgage lenders.
Look back 5 years and £150,000 might have bought you a London Garage or a small 1 bedroom terrace, but in the current financial climate this figure now holds a whole new meaning for investors.
In a report released by Nationwide they reported that the average UK property is now worth £150,501 with the key difference being the types of property investment that are available to you has substantially grown.
For £150,000 you can now invest in a 2 bedroom semi-detached in Cheshire or a 1 bedroom Victorian studio conversion in South London. Essentially, properties that were previously out of reach, are now more widely affordable and easier to attain.
However, this is not the only positive news to come from these price falls. Under the governments new stamp duty scheme, each of the afore mentioned properties require no stamp duty fees:
Up to £175,000: 0%
£175,000 to £250,000: 1%
£250,000 to £500,000: 3%
Over £500,000: 4%
With property prices at their lowest since May 2004, the combination of the above information with these figures means investing in properties has never been more profitable, making now, more than ever is the perfect time to start structuring your property portfolio for success.
A task that at Property Mentor they can help you to achieve.
During the 2 hour taster session , you will learn how it is possible to create a successful property portfolio, using little, if any, of your own money, with no prior experience and earn a guaranteed positive cash flow of £500-£1,000 per property, per month for the rest of your life.
Click here to book your free Property Mentor Taster Session
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