Monopoly in Bedford

How would you play ?

A couple of local landlords and I recently had a discussion about the property market in Bedford with the subject of risk against returns arose.

All landlords are different in the way they play the property game. Some landlords prefer to accept a modest yield/return on their investment for an increased certainty of finding a quality tenant. Other landlords are interested in high returns , with a greater risk to the quality of the tenant. Before you start playing, it is a good idea to have a game plan.

For a low risk investment you could buy property in the areas of Bedford that could be classed as being more desirable such as such as Riverfield Drive where you might be able to achieve an annual yield of 4-6% Following my article a few weeks ago if you don’t mind a slightly higher risk of void periods or a more varied quality of tenant you are likely to be rewarded with a higher annual yield. This level of risk can be typically taken with larger types of houses. If you are after even higher annual yields ,you could take more of a risk with houses of multiple occupancy or properties in the poorer areas of town which may attract tenants of low quality.

If you would like any advice on choosing property come and see us at our office in Tavistock Street