Found in East Hampshire, Petersfield is less than 20 miles from Portsmouth but it is also a market town of great repute. It would be fair to say that there is a lot to like about local life in Petersfield but the fact that there is a railway station in town, which connects to Portsmouth and London means that people can commute or travel easily from this base. The history of Petersfield has long seen it used as a stopping point for travellers, it was known as a coach stop between London and Portsmouth, and this is still a valid reason for considering the area and Petersfield property today.
While there is a lot to be said for the convenience and style of the area, if you are looking to make an investment, it is important that you consider the facts and figures. If you have lived in or around Petersfield for many years, you will know what the town has to offer but equally, given the importance of property investment, you need to make sure that you make an informed decision when it comes to property investment. This is why you should take the time to review Petersfield property prices.
Petersfield property offers some interesting options
As of October 2017, the average value of property in Petersfield stands at £512,035 and the average price paid for property in Petersfield in the past 12 months was £462,937. With respect to the past six and three months, the average price paid for property stands at £435,742 and £455,972. However, it is important to know that if you look at small sample sizes, there is a greater chance of outliers impacting on the true average price. It is important to measure how prices fluctuate but there will be times when looking at a small period of time aren’t of benefit because it doesn’t provide an accurate response.
If you are looking to buy to let in the GU31 postcode area, you should consider a one bedroom property which provides an expected rental yield of 4.76%. With a two bedroom property, you can expect a rental yield of 4.43% and there is a return of 3.72% for a three bedroom property. With a four bedroom property in GU31, there is a 3.13% expected yield on offer and if you invest in a five bedroom property, there is a 4.43% rental yield on offer.
In the GU32 postcode area, you will find that the best expected rental yield comes with a one bedroom property and this stands at 5.3%. If you have a two bedroom property, you can expect a 4.27% expected rental yield but the expected return from a three bedroom property falls to 2.94%. There is a lift with four bedroom properties in GU32 with the expected rental yield standing at 4.02% and while there may not be too many five bedroom properties in the GU32 postcode area, you should expect a return of 2.9%.
If you are interested in the Petersfield property market, be sure to contact Williams of Petersfield for support and guidance.