Buy-to-Let investments have long been the cornerstone of the property market and present an opportunity for property investors to create a monthly income, as well as increasing the equity in their property, or property portfolio.
Typically, Landlords purchase properties within relatively close proximity to where they live, as they are familiar with the area and know the target demographic. If you are considering purchasing an investment property in an area that you’re not familiar with, we’d recommend you carry out thorough research before committing to a purchase. Speak to the local agents to ascertain what the demand is like for rental properties in the area and even take a walk around the local area to familiarise yourself with amenities, public transport links, and so forth.
Is the return on your investment better than the money being sat in the bank, or building society? The likely answer is yes. Typically, a buy-to-let investor would look for in excess of a 5% return on investment per annum on a single residential dwelling. There are potentially far higher gains in the student investment market, house of multiple occupancy (HMO) market and commercial market. Please contact our office for more information on any investment properties you are looking at. We’d be happy to provide no obligation advice.