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Dumbarton property update

The beginning of 2020 has been a blur of activity and, as the weather shows signs of improvement, we also see more and more buyers in Dumbarton and surrounding areas looking for the right home.

As an example, in the first four days of March, our Dumbarton branch sold seven properties with three Closing Dates organised for the following week.

The local ongoing demand greatly outpaces the supply of property coming to the market, which makes this an auspicious moment for sellers. So if you are thinking of making a property move, make sure you speak to our local team today to book a free, no obligation valuation.

We are the NUMBER ONE estate agents in Dumbarton in terms of available stock – according to Rightmove portal stats for the period between February 2019 to February 2020 – which shows Caledonia Dumbarton is trusted by more homeowners than any other agent locally. Our experienced team offers a premium service for competitive fees and should be your first stop when looking for local property advice.

Here are a few recent sales highlights from Dumbarton which fully display the current level of demand. Family homes in Dumbarton, Balloch and Alexandria are currently very popular, with many buyers just waiting for the right home to be listed.

SOLD – Casa Grande, Dalvait Gardens, Balloch

This imposing bungalow went on the market earlier this years and quickly secured a buyer

SOLD – four bedroom family home in Steading Drive, Alexandria

Another family home that sold after coming to the market earlier this year and showing the current demand for family homes in the area.

SOLD – three bedroom semi-detached in Torrinch Drive, Balloch

This beautifully presented three bedroom semi detached villa located within the popular Mollanbowie Estate found a buyer quickly – with more buyers looking for similar property.

If you would like to find out more about how we market your property, read more about our services here or speak to our Dumbarton team today!

Caledonia Dumbarton
130 High Street
Dumbarton G82 1PQ
T. 01389 771777

As one of West of Scotland’s longest established estate agents, we’ve helped families across the country buy, rent, let and sell properties quickly, and with the minimum of hassle. Get in touch with our team on 0333 241 3333 today or send us a message to find out more.

 

 

 

 

 

 

Lettings market update for landlords in West Dunbartonshire

This week we’ve come across two separate statistics in the news that confirm our everyday experience on the local lettings market.

West Dunbartonshire in top three rental yields

Firstly, there is the news that Scotland in general offers some of the best rental yields across the UK, with top average yields being offered in Glasgow, West Dunbartonshire and Inverclyde (source).

West Dunbartonshire offers some of the top buy to let yields across Scotland with an average of 7.2%, only surpassed by Glasgow with yields of 7.8%. Offering excellent value for money and good infrastructure, many tenants are choosing West Dunbartonshire to commute to Glasgow or beyond. Our stock to let usually gets good viewing rates and doesn’t spend long empty.

If you are thinking of investing in buy to let or are already a landlord in the area, make sure you chat to our expert team. At Caledonia Property we make sure your property not only returns the best possible yields but also that you are fully compliant to up to date letting rules and regulations.

Increase in the number of buy to let mortgages

Secondly, the number of buy to let mortgages has been increasing year on year, showing investors are still interested in property. And with the right letting professionals on your side, you will ensure to get the best possible outcome out of your investment.

Statistics for December from UK Finance, the mortgage lenders’ trade body, suggest that there were 5,700 new buy to let home purchase mortgages completed in December – that’s 3.6 per cent more than this time last year. (Source)

This shows that with the right property and the right location, long term lettings are still a very viable business. With more than 20 years of experience on the local market and over 300 properties in our portfolio at any given time, we are a good starting point for starting your property investment portfolio in West Dunbartonshire.

Is your let fully compliant? Essential advice

For your peace of mind and to avoid further complications down the road, our essential advice is to make sure your rental property is fully compliant to current rules and regulations. From collecting and keeping the safety deposit in a compliant government scheme, to fire alarms and all the host of rules around letting, we have a team of professionals ready to help guide you through the process of becoming a landlord. Further information on lettings compliance can be found here or, for more information on our letting services  – rent guarantee, property inspections, deposit schemes and more, click here.

As one of West of Scotland’s longest established estate agents, we’ve helped families across the country buy, rent, let and sell properties quickly, and with the minimum of hassle. Get in touch with our team on 0333 241 3333 today or send us a message to find out more.

 

 

Pishing property sales to fast completion

How to ensure your property transaction gets to completion quickly

It is one of the major pain points for sellers, buyers and estate agencies alike – property transaction times add unnecessary stress and impact plans for everyone. As an estate agency, we are very motivated to push sales through to completion faster as we only get paid upon the successful sales of your property. Continue reading How to ensure your property transaction gets to completion quickly