I wanted to talk to you about why Landlords are thinking about long term investment in Property.
Landlords are looking towards their future and what a good way to do this is by investing their hard earned cash/savings into property.
My advice is to look at the following when choosing your next investment:- Price, Quality and most importantly, Location.
Price is key to ensure that you don’t pay over the odds for a property. If its a Buy to Let mortgage they will assess how much percentage the annual rental income achieves over the value of the property. A good Rental Yield as an example would be 5%.
Quality – this refers to the property repair and standard overall. As with all investments, you want to try and keep the costs low so choose wisely. You don’t want to burn a hole in your pocket if the outcome is much smaller financially. Always assess the cost of works that would be required.
Location – Always try and invest in an area where there is a demand for property. Look at what is currently available to rent, ring some local Agents to see how quickly the properties would rent for. Look for local Transport links into the main city, schools and amenities.
An example would be the following property which is currently on the market with Bridgfords Click here to see the link to Rightmove for a 1 bed apartment on Clyde Road.
For this type of property you can achieve a rent of £750 pcm which will give a rental yield of over 5%. Clyde Road offers excellent transport links, close to all the amenities and also a Stroll away from the bustling West Didsbury Vibe. The type of Tenant will attract someone of a professional background and properties in this area hold their value in years to come.
I am happy to discuss your next investment with you so do give me a call on 0161 249 5160 / 07584 038 497 or drop me a line [email protected].
Thanks Moharram!
