4 July 2016
4 July 2016,

In the wake of Brexit, many savvy property investors are scanning the market for property investment opportunities. The instability of the UK economy, combined with the general political uncertainty, means that property prices have dropped in certain areas (notably London) – and as a result, it’s the perfect time to find a bargain property to rent.

If you want to make the most of this opportunity, here’s a guide of what to look for when investing in UK property.

Buy-to-Let Property for Sale – Questions to Ask

  1. Has it got a great location? It’s something of a cliché, but when it comes to buying rentable property, location is The big question is – what makes a good location? When selecting a place to invest in, think like a tenant. What do they value? Do they need to be near good transport links to get to college or work? Do they like being close to town? Are they looking for sea-views or close proximity to nature? Ascertain what your target audience want before starting your search.


  1. Is there room for profit? When viewing buy-to-let properties for sale, don’t just consider rental yield – think about capital growth too. Are there any opportunities to develop the property, in order to increase its overall value? Could you extend it or improve it cosmetically? Remember to get quotes for building work before committing to buy.


  1. Does it have the ‘wow’ factor? If you want to ensure a steady stream of tenants, look for properties that offer something special; such as period features, a great garden or a welcoming open-plan living area. However, bear in mind that it’s possible to give a property the wow factor after you’ve purchased it – for example, by adding features or building an extension.


  1. Does it comply with relevant standards? When investing in property in the UK to rent, it’s important to consider your responsibilities as a landlord. The house or apartment should be fully compliant with all health and safety standards – and if it isn’t you’ll need to find out how much it will cost to bring it to the appropriate levels.


  1. What’s the outside space like? Gardens aren’t essential for rented accommodation, but they’re certainly viewed as a bonus by most tenants. This is especially the case if you’re planning to rent to families or young professionals.

Securing a Great Price

It’s really a buyer’s market at the moment, which means you’ll probably pay less than you would have done prior to the EU Referendum. However, that doesn’t mean you should simply choose the traditional route and purchase from a high street estate agent. Here are a few other options:

  • Buying a house at auction. Auction houses remain one of the best ways to get a property for a bargain price. Expect to save, on average, around 15% to 20% of market value price on your purchase.
  • Property investment agents. Specialist property investment agents often have houses and flats on their books that aren’t available on the general market. This means you can save considerable money – and generate better profit as a result.

The Buy2Let Shop Limited

If you’d like to make the most of the reduced prices in the aftermath of the EU Referendum, then talk to The Buy2Let Shop team. We’re specialist property investment agents in London, and we’ll help you to find the right buy-to-let property for sale for your needs. We also assist with property auctions, and hold regular property investment seminars to extend your knowledge of this volatile market.

To find out more, simply explore The Buy2Let Shop website today.


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