As an investment landlord, what are your investment objectives, timeframes and budget?
Some additional things to look at are the size of the property, location, new build or older, furnished or not, décor, parking or access to public transport, town centre or out of town?
The percentage of people renting is increasing. Tenants are becoming more demanding as to the quality of rental properties. They are also expecting long term tenancies. Gas is fast becoming the tenant’s favourite form of heating. All of these are important issues to consider before buying rental property.
3 BR properties in Stratford are on offer for £119,950. With a rental value of £600/m*, this would make an excellent investment with a yield of 6%.
2BR apartments in Shaftesbury are available from £92,495. Rents of £525/m* means that your yield would be almost 7%.
Whatever your investment priorities are, researching the market is a key to success.
Belvoir Lettings do not sell properties. We do however offer free, impartial advice on whether the property you want to buy will rent and at what price. For more information, please call us or pop into one of our offices for a chat with either myself, (in Bangor), or Trevor (in Newtownards).