Falkirk’s Woodburn Road property market outperforms Queens Drive’s by 51%

Last week, a couple from Arnothill came in to the office to discuss potentially investing in property for Buy to Let. One of the most important things you will consider before investing is the balance between annual return/yield and the annual value increase/capital growth. Queens Drive, just along from Arnothill, is one of Falkirk’s premier roads to live on. It is one of the most sought after places to live near the centre of Falkirk. The average house sells at around £200,000 and rents are roughly £700 per calendar month.

With this in mind, it was a surprise to find that houses on Woodburn Road, which is just across the main road from the Forth Valley College in Falkirk, have outperformed those on Queens Drive. This is because a house in Woodburn can be bought for around £70,000 and the achievable rents can be around £500 per calendar month.

The yield which could be achieved from property on Woodburn Road is around 8.6% per year. When we compare this to the possible 4.2% on Queens Drive, it is nearly 51% higher in Woodburn Road.

However, we must remember that yield is not the sole consideration when investing in Buy to Let properties. The average value of a house in Woodburn Road in 2005 was £66,636, which has since risen by 5% in the last 10 years. A house on Queens Drive in 2005 was £145,750, meaning the value has increased by 37% in the same 10 years.

Having this detail of information at our finger tips, allows us to spot trends in the local market, which then enables us to give the very best advice to our clients. We don't charge for that advice.  If you want some advice, come and see us in our offices (29 Upper New Market Street, Falkirk) or email either of us (robert@thekeyplace.co.uk; linda@thekeyplace.co.uk).