Free Valuation
Our team of specialists will advise you on the real value of your property. Click here.
With some feeling that with the perceived lack of performance in pension funds and the incredible growth in property prices seen over the last 10 years many people see buying an investment property in as the way to future financial stability.
Investors typically buy via a number of clear channels – their formulas are often tried and tested however professional investors tend to concentrate more on Capital Growth rather than straight Rental Yield. It is not uncommon, therefore, that some buy-to-let investors are prepared to buy properties that will give back little or no monthly yield.
New Homes
Purchasing a New Home as an investment is a popular option for property investors (particularly overseas landlords) as they typically come with the peace of mind of an NHBC or similar insurance.
Some property developments also offer the option to buy property off plan. Buying off-plan means buying a single unit or a large proportion of a development before the show flat has even been built with the aim of picking up the best units. It is not uncommon to buy off-plan around 18-24 months before completion of the site takes place.
Whether you prefer to buy multiple properties, take a small portfolio of homes in one development or diversify the type of property and area.
Unmodernised Homes
Property investors often buy properties that they can develop themselves, often in the hope that they can replicate their ‘ideal’ rental formula and create the perfect lettings flat that will never suffer void periods. Property developers also perceive that as they are modernising the property themselves they therefore know their own portfolio inside out. The North West offer numerous opportunities for unmodernised property development opportunities.
Tenants In Situ
Property investors want to maximise their rent and minimise their void periods. The epitome of this is buying single units or portfolios with tenants already in situ. The advantages are that you know who your tenant is in advance, as well as how much they are paying, when they plan to leave and ultimately the rental yield from day one.
If you would like further information on the right type of property to suit you, call Ellie Marsh our Lettings Manager on: 01925 873533.
Our team of specialists will advise you on the real value of your property. Click here.