Yes watching the interest rates falling away we decided another property to long term let down here was the way to go instead of watching the bankers getting fatter on some of our surplus.
This has proved to be good timing with the advent of the latest SARS now that a lot of people are looking to move away from major conurbations.
My prediction is that property that has the following 7 features will be in high demand, post COVID.
1 Within 90 min of a major business hub
2. Within 90 min of the coast and/or open country
3 With fast ( at least 32mbs) broadband
4. With 4G mobile phone connectivity
5. With good local services
6. With good local state and private schools
7 With good local culture, theatre, music, etc.
Salisbury hits all the spots.
We live on an unadopted road going nowhere, less than 5 miles from the city centre. The house cost us £265,000 in 1999.
We are advised that the market price today is north of £900,000. I view this as complete madness.
Three doors up is a 1970s 2 bed bungalow on a large plot. It is on the market at £425,000: it will be snapped up, demolished and a new 4/5 bed house put on the plot that will hit £1m.
