Robbie Fowler, the former Liverpool and England footballer, set up a “property academy” for would-be investors after becoming one of the biggest private landlords in the North West. He is estimated to be worth £28m.
But you don’t necessarily need advice from a footballer to boost returns from the property market.
The tips below should be a good starting point for those looking to maximise property returns:
Identify future hot spots:
Estate agents and property developers are always keen to identify the next “hot spot” that will buck market trends and report double-digit growth. Keep an eye on transport and regeneration plans, as well as any employment initiatives, as these can boost house prices.
Stick to the basics:
Whether you are looking for income from a rental property or a place to live offering the hope of capital gains, don’t forget the basics, such as location, transport links and proximity to good schools, shops and so on. Research shows that over time period properties tend to hold their value better than newbuilds. It also found that in recent years properties in towns and cities have held their value better than those in villages.
Factor in the downside:
Being a buy-to-let landlord is not a licence to print money. At the moment rental yields are strong, thanks to demand outstripping supply in many urban areas. There may be periods where you do not have tenants, you need to have a contingency plan to ensure your payments are kept if you do not own the property outright.
Belvoir Lettings Northwich is the One Stop Specialist for Lettings including Property Management, Tenant Find, Investment and Wealth Management Advice, Fit-outs and Renovations, Furniture Packs and Investment Property Insurances and Mortgages.
For more information, please call 01606 783599. Alternatively, please email us at northwich@belvoirlettings.com
