I was talking to a landlord recently and they asked me for my opinion on what to look for when purchasing a Buy to Let property. One piece of advice I was able to offer was that a good property should sell when you need to release funds. So, if you are a landlord considering buying a property to let out, you want to buy a property that is saleable.
You can work out how saleable the properties in a particular street are by comparing the number of house sales to the number of properties in that street. The higher the number, the more saleable the properties are.
So, in Grantham, the most saleable street is Victoria Street. There are 165 properties in the street and since 1995, there have been 214 property sales which is an impressive 129% sales to properties. Others in the top 10 include Harlaxton Road at 118%, Winchester Road at 101%, Barrowby Road at 94% and Stamford Street at 73%. Whether you are landlord of ours or not, feel free to pop into our office on St. Peters Hill for our opinion on what to invest in or not, as the case may be.
