New research suggests that there is a higher demand for tenanted properties from buy to let investors, creating a new exit route for current landlords looking to sell. Now Belvoir Sheffield, the leading letting agent in Sheffield investigates this new trend.
The new research indicates that landlords seeking to shake up their current property portfolio can request higher asking prices if their properties are already tenanted, as they become even more attractive to investors.
Rick Flay, Director at Belvoir Sheffield, who offer a wide range of property to rent in Sheffield, said: “It makes sense that investors are attracted to tenanted properties because they will not suffer from void periods, there will be a full rental history attached to the property and a low capital outlay, because existing tenants will not usually require extensive maintenance works.”
Landlords are now making sure that they promote the fact that their property comes complete with tenants as a unique selling point, especially if those tenants are on a contract which expires in over a year’s time.
Rick, whose letting agency on Campo Lane in Sheffield, specialises in providing flats to let in Sheffield added: “Having tenants already in your property is a fantastic selling tool. Here at Belvoir Sheffield we can help investors to source tenanted properties for sale.”
Belvoir Lettings Agency Sheffield is the One Stop Specialists for Lettings including Property Management, Tenant Find, Investment and Wealth Management Advice, Fit-outs and Renovations, Furniture Packs and Investment Property Insurances and Mortgages.
