Why Swanley is the perfect area for Landlords & Tenants

With property prices in London and the surrounding areas increasing in value week by week rather than month by month, affordability is now more of a problem than ever.

If people cannot afford their own property - or as we are increasingly finding, even people that can afford their own mortgage are choosing to Rent for various reasons - Rental properties are the only answer!

At Virotti, we can help Landlords in every aspect of their Property purchase - from putting them in touch with our recommended Mortgage Advisor that specialises in Buy to Let Mortgages, specialist property solicitors that will ensure their investment is carried out in the best possible way and other important services.

Swanley represents a great investment opportunity for Landlords as property prices are lower than most London suburbs and yet has fantastic transport links for both the London and local commuters.

Swanley train station with its services to London Victoria and London Blackfriars can get Swanley residents to the heart of the capital within 30 minutes, and the road network of being adjacent to the M25/M20/A20 and A2 means that local workers in the Dartford, Sidcup, Bexleyheath, Welling, Blackheath areas are able to get to their place of work easily.

If you are an experienced Landlord or just somebody who is thinking of stepping onto the property rental ladder, I am always happy to talk about our local  property market and will help however much or little you require.

Pick up the phone and lets get talking.

Mark Salter
Tel:  01322 667 671
Virotti

The national property market is certainly in recovery and house prices are on the increase, but how affordable is property in the Swanley area?

A simple trick of the trade to help you judge the affordability of a town is to work out the ratio of average property prices to average salaries. The lower the ratio, the more affordable the property is.

Our research has found that Swanley (BR8 postcodes) currently has an average property value of around £251,600 and an average salary of £20,490.

This gives a ratio of 12.28 which is higher than the National average of 9.36.

Bromley, BR7 postcode, has an average property value of £486,800 with an average salary of £34,470 and a Price/Earnings ratio of 14.12.

Meanwhile in Orpington (BR6) the ratio of property values to salary is 13.33 with an average salary of £29,610 and average property price of £394,700.

We also had a look at Bexley (DA8) and found that the average salary there is £18,307, but average property prices are £180,000 giving a ratio of 9.83.

Taking the above information into account, now could be a brilliant time to consider investing in the Swanley property market.

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Some facts about the Swanley (BR8) property market!

The least expensive streets in Swanley are: Inglewood (43 properties), Hibbs Close (41 properties), Bevan Place (36 properties), Nightingale Way  (36 properties) and Station Road (5 properties).

The most expensive streets in Swanley are: Hotham Close (20 properties), Hogs Orchard (5 properties), Hockenden Lane (30 properties), Squires Field  (12 properties) and Clement Street (34 properties).

The highest turnover streets are: Claremont Road (277 properties with 243 transactions), Oakleigh Close (123 properties with 231 transactions), Swanley Lane (183 properties with 188 transactions), Northview (258 properties with 112 transactions and Glendale (117 properties with 105 transactions).

The above figures are taken from information gathered since 1995.

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Whether you are a new landlord or an existing landlord, I don't charge for my advice because if I offer you the best opinion and we build a relationship, then you might (and there is no obligation or expectation to this) just use me to manage those properties and so I have plenty of time to earn money from you by looking after your buy to let property for years to come, a property that we jointly decided met your requirements for the investment ..... because that is what it is ..... an investment. 

So, feel free to call for a chat about the property market in our town.

Tel: 01322 667 671

www.Virotti.co.uk