A landlord I know has owned a few properties on Padgate Lane for the last twenty years.

She came in to our office for a brew and we got on to discussing the rise and fall of property prices on the street – and more to the point, how this has affected her yield over the years.

In 1996, when she purchased her first property on Padgate Lane, the average value of a terraced house on the street was £75,349.

By 2006, this had a sharp rise to £104,770. This rise in value slowed down and dropped, with average values being £101,102 in 2011 and slight increase of £103,100 in 2015.

At the height of the property boom in this area, a terraced house on Padgate Lane had an average value of £104,770. This soon dropped in 2011 to £101,102, with the average value decreasing to around £90,000 this year (average worked out on only two transactions, so not a true reflection of the street average).

When she told me of the rents she had achieved on the street, they seem fairly stable over the twenty years.

In 1996 - 2006 the average rent was £350 per month and is now between £450 and £550, dependant on the property’s condition.

Therefore, a landlord could expect a respectable annual yield of around 7% on Padgate Lane, at the moment.

From this research, it shows that the landlord was achieving a yield of around 5% 20 years ago and is now achieving higher yields of 7% +. Although the terraced houses on Padgate Lane reached their highest value of £104,770 just before the crash, it doesn’t seem like the street has recovered much since then – while it is slowly on the up, you can still pick up a good deal on Padgate Lane.

Visit my blog http://www.warringtonpropertyblog.co.uk/ to read previous research and analysis of the Warrington property market.

If you would like to see some specific research before investing in the Warrington property market then feel free to pop into my office which is situation at 6 Bankside, Crosfield St, WA1 1UP you can always drop me an email on manoj@hamletwarrington.co.uk or give me a call on 01925 235 338. I will be more than happy to give you my time and introduce you to the team.