10 February 2021
WETHERBY is experiencing a high demand for rental properties with multiple applications being received for properties currently on the market. The area remains ever popular as a place to live and appeals to young professionals, families and those of retirement age alike creating demand for a diverse range of properties from apartments, terraced and semi-detached houses or larger detached homes.
The UK buy-to-let market has been showing signs of recovery after COVID-19 affected the industry, with interest rates for mortgages at record lows and a wider variety of buy-to-let mortgage options available which, tied in with the current tenant demand for property, makes for an encouraging time to invest.
Emily Wilkinson, Branch Manager at Linley & Simpson's Wetherby branch says, "Our branch is experiencing a huge surge in demand for properties of all types and we are in desperate need of more stock to satisfy over 100 high quality, qualified applicants who are currently searching for properties with us. Whilst we would welcome additional properties of all sizes, we have a particular shortage of 3 and 4 bedroom family properties and would be very interested in speaking to anyone in the local area with a property of this size that they might consider letting.”
"We are more than happy to provide guidance on rental values for properties listed with ourselves and with other agents and can accompany investors on viewings to provide advice on property suitability and any upgrades which would help maximise on investments."
Below provides an outline of some of the current investment opportunities available in Wetherby.
Westgate, Wetherby, LS22 6NJ
Asking price: £180,000
Potential rent: £675pcm
On the market with: Linley & Simpson
Located just a short walk from Wetherby town centre lies this well-finished two bedroom apartment. The property is well situated just a stone’s throw from the many local amenities of the historic market town, as well as having good public transport links and easy access to Harrogate, Leeds, York and the A1.
Fairfax, Walkers Court, Wetherby, LS22 7FD
Asking price: £199,500
Potential rent: £825pcm – Linley & Simpson have just let one in this development after receiving multiple applications shortly after coming onto the market.
A superb well planned first floor 2 bedroom apartment perfectly positioned for a short walk into Wetherby town centre and offering spacious, open plan living with an excellent specification.
Spofforth Hill, Wetherby, LS22 6SF
Asking price: £199,995
Potential rent: £850-875pcm – Linley & Simpson have let in this development previously and have qualified applicants ready to move into property types like this.
On the market with: Bellway
A fantastic two-bedroom apartment on the popular Spofforth Park development, with spacious entrance hallway, two double bedrooms, modern family bathroom, open plan kitchen and living area.
St Andrews Walk, Newton Kyme, LS24
Guide price: £449,950
Potential rent: £1400-1450pcm – Linley & Simpson have let several 4 bedroom properties in this development with good success and are currently in need of properties of this size for the many pre-qualified applicants that are on the database.
On the market with: Furnell Residential A four-bedroom semi-detached family home which occupies a most peaceful and pleasant position overlooking beautiful countryside.
Emily was involved in setting up the Buy-to-Let department at Linley & Simpson prior to her return to Wetherby as Branch Manager so is perfectly placed to offer excellent advice to anyone considering investing in property in the area.
Click here to see all properties available in Wetherby
For more information on investing in Wetherby, please contact the Wetherby branch
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