Since 2007 the private rented sector has grown from 14% to 18% of households according to a recent report by Intermediary Mortgage Lenders Association (IMLA). Property is still an excellent investment and currently rental yields are reaching 6% plus in many areas - making it a prime time for people to invest in the buy to let market.
These are just some of Hunters branches and the rental yields they are achieving in their area:
“We recently let a one bed at &750.00 PCM; the typical sale price of this type of property is &105,000.00 and so producing a yield of 8.4%” says Gemma Allen, Manager of Manchester Lettings.
Emma Heron, Manager of York Lettings comments:
“There is a 2 bedroom house on the market for &147,500.00 with an estimated rental value of &700.00 which would produce a yield of 5.69%. We also sold a 1 bedroom property for &115,000.00 and they are currently renting at &595.00 producing a 6.2% yield.”
The demand for rental property continues. Click here to find out what Hunters Lettings can offer you or alternatively if you are interested in investing in a buy to let property, or would like to find out more about the process and how you could benefit please contact Tracey Hegarty on 07710306012
“Property remains a popular investment in the UK” says Glynis Frew Lettings Director.