There are key things to consider that will help on your search to finding a good buy to let property in the Midlands.
1. LOCATION – Would you like to live in the area? If the answer is yes, then so will tenants. Consider locations where there are big centres of employment, such as hospitals and universities.
2. NEIGHBOURING PROPERTIES – Do the neighbouring properties give a great first impression? The better the neighbourhood the happier the tenants will be, making them want to live there longer. If not, it may be worth looking elsewhere. Living next door to a neighbour from hell will undoubtedly lead to a higher turnover of tenants.
3. TRANSPORT LINKS – Are there good transport links? A buy to let property close to major road networks will broaden its appeal.
4. PARKING – Is there parking? High on list of people looking for a rental property in the Midlands is parking.
5. SCHOOLS – Does the property fall within a catchment area of schools rated good or above? Good schools will attracts families who usually make great long-term tenants.
6. MODERN COMFORTS – Is there a modern kitchen and bathroom with a shower?
Put yourself in a tenant’s shoes
Whilst considering a buy to let, put yourself in a tenant’s shoes, check the property has everything they would need or want.
For example, a house with three or more bedrooms will appeal to families, therefore you should focus your search on properties close to local schools. If you are considering buying an apartment or two bedroom house as a buy to let, your target tenants are likely to be working professionals. In this case, we would suggest that you look for a property with double bedrooms, and one which is in an area with excellent amenities and easy-to-reach transport links.
Of course there are other factors for you to consider when buying a property to rent out, such as return on investment/yields, buy-to-let mortgage rates, landlord responsibilities and current legislation.
Would you like further advice on buy to let investments? Then we are here to help! FIND OUT MORE
Keep up to date with the latest advice sent to straight to your inbox
Simply enter your callback request below and a member of the John German team will be in touch shortly to help.
Once you’ve subscribed, the guide will be emailed straight over to you!
Once you’ve subscribed, the guide will be emailed straight over to you!
To receive the latest advice on moving, selling or letting.
You can unsubscribe at any time at the foot of every email.
Simply enter your details below and a member of the John German team will be in touch to arrange your virtual valuation.
Please enter your details below and attach your CV along with a covering letter for our future reference. If a job role becomes available that we think would be great for you, we’ll be in touch.
Simply enter your details below and a member of our team will be in touch shortly to help.
Simply enter your details below and a member of our team will be in touch shortly to arrange this with you.
Please select the type of private valuation you would like and enter your details below. A member of our team will be in touch shortly to help.
Simply enter your details below and a member of our team will be in touch shortly to arrange this with you.
Please fill out some personal details and choose a service to enquire about and we will get back to you with an appropriate response.
Simply enter your details below and a member of the John German team will be in touch shortly to arrange this with you.
Simply enter your details below and a member of our team will be in touch shortly to arrange this with you.
Simply enter your details below and we will start the ball rolling by putting you in touch with Apr Money Limited. A member of our team will be in touch shortly to arrange this with you.
Use our yield calculator to estimate the gross annual rental return on a property.
Use our Stamp Duty Tax calculator to see how much you will have to pay on the purchase of your property.
Our easy-to-use mortgage calculator will give an estimated monthly mortgage cost for your borrowing range.
Simply enter your viewing request below and a member of the John German team will be in touch shortly to help.
Please select the type of survey you would like and enter your details below. A member of our team will be in touch shortly to help.
Choose an enquiry type and fill out some personal details and we will get back to you with an appropriate response.
Please enter your details below and attach your CV along with a covering letter. A member of the team will be in touch shortly.
Simply enter your details below and a member of the John German team will be in touch to arrange your free valuation.
Simply enter your details below. A member of our team will be in touch shortly to find out more about your property search.