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Property News April 15, 2016

Property Market Update - Is Now a Good Time to Buy to Let in Pontefract?

Thinking of dipping a toe in the property market? As a property investor it’s important to learn what’s happening in property right now to help you make the right decisions.


Currently two-bedroom rental properties are hitting the sweet spot in Pontefract, achieving a median rent of around £420 per month. Next in popularity, both in terms of rent achieved and in number of properties available, is three bedroomed houses with a median rent of around £550 per month.


There are far more two bedroom properties for rent in Pontefract than any other, and demand in this sector remains high. Landlords, or potential landlords who are wary of entering the rental market can take heart from the news. Demand continues to outstrip supply, and in an uncertain mortgage world, tenants are looking ever more for security and so staying longer.


Property is moving, being bought, sold and rented. The rental sector remains in high demand with landlords achieving good rents, tenancy terms and yields. Providing a vital link between sellers, buyers and landlords, reputable estate agents like Enfield’s are busier than ever.


If you’re new to property letting and investments please don’t hesitate to get in touch with the lettings team at Enfields. The team will guide you through every step of the process, from agreements, tenancy agreements, and renewals! What’s more is that when tenants can’t pay or won’t pay, you’re protected with Enfields!  


Contact our friendly lettings team on 01977 233 124.

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Property Market Update - Is Now a Good Time to Buy to Let in Pontefract?