Repossessed Houses Portsmouth
Repossessed and Below Market Value Property in Portsmouth

– Portsmouth has a population of 205,400.

– That’s an estimated 85,583 households.

– According to gov.uk there was an estimated 3.87 repossessions for every 100,000 households In each quarter.

– This equates to a total of 13 repossessions in 2017.

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At present, Portsmouth is experiencing what could be described as a property crisis. Research from the National Housing Federation revealed some alarming statistics. Reported by Portsmouth.co.uk, it was found that the average Portsmouth worker would need a 103% pay rise to afford a mortgage. If you have the money then this is an ideal time to look into property investment via buying a repossessed house in Portsmouth.  

Below Market Value Property in Portsmouth

The average home in Portsmouth is now around 214,600, while the average annual salary is around 23,000. These alarming findings indicate that many of the locals may be forced out of the area, possibly resulting in enhanced opportunities for possible investors. It is also worth considering for those looking to buy repossessed properties, elevated mortgage prices that are continuously outgrowing the local salaries may in time result in a high amount of repossessions.  

As for return on investment in the area, there is still some promising signs. The fact the average property price went up by 8.2% in 2017 is clear indication that property value is on the rise . As well as this, propertyreporter.co.uk have stated that from a 95 million pound investment, Portsmouth was one of 13 areas in the UK that was provided with an improved speed and accessibility to the internet. The article continues to mention specifically that property investors should look at this with interest, as research has hinted that poor internet connection can reduce property prices by up to 20%.  

 

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To achieve the best returns on your next property investment, you need to assess the surrounding area, source a below market value property, assess the location and property type for projected capital growth, achieve the lowest feasible price and liaise with solicitors, valuers, surveyors, architects, builders and contractors. This is why we partner with investment specialists and buying agents to source the best below market value properties for our clients. Our partners are listed below the sign up form. Repossessed Houses For Sale is your partner in sourcing below market value property opportunities.
 

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PrimeCentrum are an independent real estate consultancy specialising in the acquisition, structuring and distribution of residential buy-to-let investment property. Through their expert industry knowledge they identify key cities that will deliver the best capital growth and income potential for their global client base and secure exclusive access to market leading products with below market value discounts.
Domus Holmes Property Group provides a range of property related services to a variety of clients.
From serious investors exploring opportunities to expand their portfolios, to first time buyers seeking that elusive first step onto the property ladder or even to a disheartened vendor who needs help in selling a property, Domus Holmes Property Group has a property service that can be tailored to suit you.

Vin-X are a fine wine investment company that offer tax efficient investments that are generally exempt from Capital Gains Tax, VAT and Duty.
RHFS is your partner in finding the right supplier to provide you with BMV / high yielding properties, and other efficient investments!