Area Spotlight - Holland House, Walton-le-Dale

Our monthly feature by Kyle Hastings

This month we're narrowing our search down to a specific estate. The Holland House estate sits on the border of Walton-le-Dale and Bamber Bridge, with a Preston address but under the South Ribble borough, and is amongst the most popular areas amongst families in the South Ribble area.

Rent prices for the estate command above-average prices for the area and for good reason. The estate is a sprawl of well-proportioned homes designed for families - with generous gardens, driveways and playgrounds. Close to local amenities including excellent local schools, supermarkets and motorway links, Holland House estate is excellently situated. Even in the slowest of rental markets, properties on the Holland House estate rarely experience void periods.

Prices here have taken an upturn in recent years due to strong demand - with 2-beds going for around £240,000, 3-beds for around the £300,000 mark, and 4-beds going for upwards of £395,000.

Whilst Holland House has been added to over the years, space has pretty much run out, so one would expect for the houses to increase in demand over the coming years as there isn't really a comparable family-centric housing development nearby. This should drum up prices and rental demand, meaning that house values and yields can be increased.

Rent prices for the area range from £795 to £1250 and are likely to increase in coming years as demand far outweighs supply. You'll be looking at yields over 5%, but the real bonus is the speculative increase in house value over the coming years, which could allow for refinancing or quite simply growth in the value of your portfolio. This is one for the long term investors only, but a very sensible place to invest given the current market conditions.