I was talking to a new landlord recently and they asked me for my opinion on what to look for when purchasing a Buy to Let property. Where to start!
But one of the pieces of advice I was able to offer was that a good property should sell when you need to release funds. You may plan to invest for the long term. If you are not in for the long term property probably isn’t going to be an ideal investment for you, but none of truly know what the future holds for us. So why not be prepared?
So, if you are a landlord considering buying a property to let out, you want to buy a property that is saleable.
If you want you can work out how easy it is to sell a property in a given road or street by comparing the number of house sales to the number of properties in that road. The higher the number, the more saleable the properties are there.
Fast Moving Uxbridge Property
For Uxbridge one of the most saleable streets is Harefield Road, which leads out of Uxbridge past the Police Station. With 310 Residential properties 302 have sold in the last 20 years. That’s 97%. But the market really moves for smaller properties for example on Newcourt in Cowley has 143 properties and that has seen 264 sales, which is 184% and Clarkes Drive, close to our office of Royal Lane has 122 residences and has seen 194 sales, which is 159%.
Fast Moving West Drayton Property
Uxbridge is not the only place with a fast pace in property. Ryeland Close, to the South of Clarkes Drive off Royal Lane has 162 properties and 306 transactions, that’s 189% and further to the south near the station Knowles Close has 97 homes and has seen 187 sales. That’s 193%!
Whether you are landlord of ours or not, feel free to pop into the office on Hillingdon Hill or our opinion on what to invest in or frankly not, as the case may be!
