If you’ve been considering buying a property to let, now is an excellent time to take the plunge!
Property Prices Are Rising
If you purchase a property intending to earn a rental income, you could also benefit from the increased value of your property if you decide to sell in the future. Property value generally increases over time, so investing your money in bricks and mortar can be an attractive option. Recent research shows property prices are on average 34% higher than they were ten years ago [source].
Rental Prices Are Rising
As house prices rise, rental prices usually do too. In the past year, rental prices in the UK have risen 8.3% on average. As the demand for houses increases, especially in rural areas, rental prices will likely rise further.
The Demand for Rentals is Growing
The requirement for rental properties is growing, as many younger people either don’t want to purchase their own homes or can’t afford to. This means there’s plenty of demand for new rental properties and new landlords.
Generate Capital Growth
Buying a property to let could generate capital growth, as your money will grow as the value of the property increases. You should, however, also be aware that if the value of the property decreases, you will have negative capital.
Have a Regular Income
As long as you have limited periods when your property isn’t let out (or none with our Guaranteed Rent), you’ll enjoy a regular income stream. Some rental yields in certain areas can be as much as 8%.
Guaranteed Income
With Northwood’s Guaranteed Rent scheme, you receive a guaranteed annual rental income, on time, every month, whether your property is occupied or not. You’ll also get paid if the rent payments are late or not paid at all.
What’s more, with Guaranteed Rent, we deal with all the tenant’s queries, questions, and complaints, carry out regular property inspections and maintenance management, and, if ever needed, we cover the court costs and eviction process.
If you want to learn more about becoming a landlord, are ready to purchase a buy-to-let property, or are already a landlord and want to find out more about Guaranteed Rent, then the team at Northwood Warminster are here to help. We have 20 years of experience successfully operating in Warminster and the surrounding areas for sales and letting, and we understand our customers and the market.
Give us a call on 01985 881 587 or pop into our office on Market Place in Warminster. We’re open from 9am to 5pm Monday to Friday and from 9:30am to 12noon on a Saturday.
