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.
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.