Thinking of buying to let?

With the rental property market looking strong and activity on the rise, investors are becoming more confident in a steady price growth and now could be a good time to make your first steps on the 'buy to let' property ladder.

A bit of homework to assess potential rental yields in your area is a good place to start.

Maryam Bham, Lettings Manager at Hunters in Leeds said:

"Supply is at an all-time low as the demanding tenant market grows. The average length of time on the market from 'To Let' to 'Let' is very short which is good news for investors. Our average rents are higher than the national average; yields are better in some locations than others – for advice speak to the Lettings experts at your local Hunters branch."

Below are a few examples of properties for sale and potential rental yields.

 Leeds  
 

Roberts Wharf (1 bed, no parking)
 
Asking price: &89,950
Rent: &625 on a furnished basis
Yield: &8.3% (not deducting service charge and round rent)
           

 

St James Quay, Brewery Wharf (2 bed with parking)

Asking price: &179,950
Rent: &895 on a furnished basis
Yield: 6% (not deducting service charge and ground rent)

 Manchester  
 

Quadrangle (two bed, with parking)

Asking price: &165,000
Rent: &950 furnished
Yield: 7.13%

  Milliners Wharf (one bed, no parking)

Asking price: &99,950
Rent: &650 furnished
Yield: 7.80% 

 

The Citadel (one bed, no parking) 

Asking price: &85,000
Rent: &625 furnished
Yield: 8.82%

If you already have a portfolio of rental properties or are wondering where to start, why not give our experienced teams at Hunters a call (click here to find your nearest branch) to guide you through the process.


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