Buy to Let property
Buy to Let has been the subject of many profitable success stories over the last few years, but beware: Achieving profit from Buy to Let property is not guaranteed, which is why we've produced this guide to buying a buy to let property:
Buying a Buy to Let property (or investment property) requires time, research, good connections and a dose of luck.
Where to find a good Buy-to-Let property
Maximising rental return, as well as ensuring your buy-to-let property is always rented out, means researching areas carefully.
Look out for areas of young professionals, particularly those associated with creative jobs, as this may signal the arrival of an up and coming area and may make a good investment for your Buy to Let property.
Also look out for signs of independent business growth, such as niché shops, independent restaurants and cafés as well as forward thinking estate agents, such as Foxtons. Once an area has a Starbucks or other such chain, it is not likely to make a good buy to let investment opportunity so consider looking elsewhere.
Some developers and landlords also roam target areas looking for the signs of the start of a property growth. These may include skips in the street containing signs of property refurbishment, as well as builder's sign boards, both signalling the area is prime for a buy to let opportunity.
What to look for in a good Buy to Let property
Outside space, such as gardens, balconies and terraces, is always a draw for tenants, especially those with pets or children.
Parking opportunities, such as secured parking, garages or off-street parking can also up the rental value for buy to let properties.
Period property is also appealing in the current market, especially if the property is in great condition.
Ample storage would also be more desirable to tenants.