If you’re looking to buy an investment property,
let me give you a really quick and easy way that you can determine supply and demand regardless
of whether you’re looking to flip the property or rent it out for the long term. Hi there, my name’s Tony Law from Your First
Four Houses. My challenge is all about helping you get to investment property number four
as quickly as possible and hopefully before you go grey like me. Let me jump onto Right
Move and let me show you exactly how you can determine supply or demand regardless of whether
you’re buying or renting. Let’s suppose we want to compare three different
towns that are close to each other, Yoville, Salisbury and Weymouth. We’d start by going
on to Right Move and these are properties that we’re going to buy and flip, for example.
We would type in the first one which is Yoville in Somerset and click on search. Now we’re
going to make these all three bedroom properties that we’re looking for and we’re going to
tick houses as well. Then we click on find properties. You can see here we got 67 properties
that are available and on the market to potentially buy today. We go into that in the available box and then
we go back and we’re now going to click on the filters and we’re going to click on include
under offers sold subject to contract. You can see that the number now changes to 160
and so we’re going to enter that below. That then gives us a percentage return, 41.8%.
How we’ve got that is we’ve taken the number of available properties, 67, we divided that
by 160 and then we multiplied the result by 100 and that gives us a percentage return
of 41.8%. Let’s just quickly do these other two properties … so there we go. Although there may be lots
of other factors, clearly Salisbury is where there’s a better percentage ratio for us.
I’d suggest that buying a three bedroom house in Salisbury is probably going to move quicker
than buying a three bedroom house in Weymouth. Please don’t forget this works regardless
of whether you’re buying or renting the property. You’d still work the numbers in exactly the
same way. Crucially, please don’t forget, that this supply or demand is actually just
one measure of whether you should be looking to invest in the area. There’s obviously a
whole wealth of different things that you should really be considering. Obviously supply
or demand is going to be one of the big ones. I really hope that you found that helpful.
If you did, if you could take a moment to subscribe to my channel if you’re on YouTube
or alternatively please take a moment to like my Facebook page and that way I can keep you
up to date when the next video is available for you. My name is Tony Law from Your First
Four Houses. I really hope you enjoyed this one and I’ll look forward to seeing you in
the next video. Thank you.