Jan 2020 saw the grand opening of our Ashbourne Estate Agents Southsea office. We can now be found on a prominent corner plot on the main seafront route. An area that’s best known for its maritime history, naval and dockyards. In the first month alone, we’ve had 11 instructions and sold four properties.
We’re pleased with how fast properties are moving considering that there are 37% more homes for sale in Portsmouth compared to two years ago. Showing that supply is still in alignment with the local demand for properties.
We’ve also agreed 17 tenancies in the first month. During the first week of January alone, we carried out 39 property viewings. Comparable only to the big corporate estate agents in the area. We manage a large portfolio of professional flats and houses that range from £650 to £1100+ per month.
Properties don’t stick around for long, Let’s are normally agreed within 3-10 days of instruction from the owner or landlord. If you see a Portsmouth property that you’re interested in, move fast.
Portsmouth has not been hit by the issues faced by other markets, for example, London. Where prices have seen a 17% drop due to Brexit uncertainty. In general, we see relatively stable property market conditions in Portsmouth throughout the year. There’s a continued demand for high-quality rental properties in the area. Offering a reliable medium to long-term property investment opportunity.
As guild members, all of our members of staff at Ashbourne Estate Agents, undergo annual exams to cement our trading standards certification. Which ensures that as a company we are conducting business to the highest standards. Our team has 10 members of staff, across two branches, in Portsmouth and Southsea.
The buy-to-let landlord activity is seeing continued momentum, as we experience low-interest rates and low employment in Portsmouth. Homeowners, or landlords who are unrealistic with their pricing are advised appropriately.
Ensuring that properties never stay on our books for long. We expect to take on a lot more properties, both sales and lettings. It is early days, but the new branch is showing all of the hallmarks of a successful venture.