Rents hit £725! Time to grow your BTL portfolio?

According to recent research, rents have reached a record high and the average monthly figure paid by tenants reached £725 in July. If you are a landlord this places you in a  strong position, so is now the time to consider expanding your property portfolio? If so The Great British Move could provide the ideal opportunity.

Property ownership is out of reach for many and, as a result, demand for rental property is at an all time high. For landlords this often means that they have several tenants vying for each of their vacant rental properties, allowing them to be choosy about the tenant most suited to their property.

Gone are the days when renting the domain of students or house-sharers, today families, executives and older individuals all contribute to the tenant community and canny landlords often have a variety of properties within their portfolio.

With rents and tenant demand at an all time high and the property market slanted in favour of chain-free buyers, now is a pretty good time to consider additional property purchases. The Great British Move, consisting of an open house weekend on the 15th & 16th September  will provide landlords with a great opportunity to view multiple properties in one weekend. Last year over 16,000 keen sellers across the country opened their doors to perspective buyers.

Below is a small selection of properties included in The Great British Move. If you wish to view any of these, or see other properties included in the event, visit propertywide.

This two bed first floor flat is ideal for any potential landlord who wants a low maintenance, no fuss investment property. The flat is offered as a managed student let with an 8% return and 1 year guaranteed rental income. The property is in an ideal location close to the University on Avon Way. Although the property currently has two bedrooms, there is a potential to convert a third. The property is priced at £120,000.
This one bed freehold corner house represents a very good investment opportunity with a potential annual rental income of £6,900. The property is situated in the popular village of Bicknacre and offers a well presented accommodation including an open plan living area, kitchen and bedroom with ensuite. There is also a small private garden and allocated parking. Price on application.
This 2/3 bedroom mid terrace house with no chain is situated near the centre of the popular fishing town of Fleetwood. Providing views over the memorial park and within walking distance of local amenities and transport links this property has fantastic rental potential. The property is priced at £85,000.
 
 
 
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Posted by: Nicola Severn Categories: For Sale, Interesting Properties, Landlords Advice, Uncategorized Tags: , , , , , , Comments Off on Rents hit £725! Time to grow your BTL portfolio?

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