Investing in UK Investment Property in a buy-to-let property in the UK (also known as a BTL property) can be a lucrative way to use your money and provide a steady income stream to the investor for many years to come. Buy-to-let investment properties are viewed as reliable investments because they provide rental income paid by tenants and potential capital growth on the property.
BUY TO LET PROPERTY INVESTMENTS
Our UK property developers identify areas where there is a strong demand for rental properties and a lack of supply thereby securing the best rental income for your buy-to-let property. We then locate areas where regeneration is occurring and cherry pick the finest developments for capital growth for our clients. We have a wide range of buy to let property investments spanning the UK which are in prime locations, offering excellent rental demand to ensure that you always have someone looking to rent your property.
WHY INVEST IN BUY TO LET PROPERTY INVESTMENTS?
We scour the UK’s property market and identify areas where there is a high demand for rental properties but a lack of supply.
We pinpoint areas that are experiencing significant regeneration, ensuring that there is the potential for capital uplift and excellent rental yields.
A specialist advisor will be appointed to manage your unit to ensure that you receive “hands-free” returns.
BREXIT AND THE UK INVESTMENT PROPERTY MARKET
Brexit is looming and much is uncertain. This has certainly had an impact on property in London, but are there any other areas that are “Brexit-proof”?
With Brexit looming and a deal still not reached, many investors are feeling hesitant about investing so much money in London. As a result, there has been a decrease in the number of people putting their houses on the market. Rightmove report that the average house price in London has now dipped below the £600,000 mark.
Regardless of the Brexit uncertainty, the UK remains one of the most attractive places to do business and topped the Forbes list for the second consecutive year. As investors are becoming more cautious of the London property market, the spotlight has shifted to other cities where the impact of Brexit on house prices is predicted to be much lower.
Cities that have seen high annual growth for a sustained period
So far, six cities have seen annual growth of more than 6%, including Leicester (7.7%), Edinburgh (7.4%), Manchester (6.3%), Birmingham (6.2%), Nottingham (6.1%) and Liverpool (6%). Properties in these cities have also experienced the fastest price growth since the EU referendum, and Sheffield also joints the list in 4th place. In ten years in Sheffield prices have risen by more than £33,000 on average.
How HS2 can further stimulate growth in northern cities
The construction of HS2 will also mean that the country will grow less reliant on London, and businesses will look outside of the capital when it comes to deciding a location for their headquarters. The main aim of HS2 is to connect the north of England to the south, as currently most business activity occurs in London and the surrounding areas. The project to stimulate economic growth in northern cities is referred to as the Northern Powerhouse. Although it is mainly focussed on Manchester, other major northern cities such as Leeds and Sheffield are also due some redevelopment.
Regeneration in Leeds, Manchester and Sheffield
New build property developments in Leeds include a plan to redevelop abandoned warehouses in the south of Leeds into houses, hotels, offices, restaurants and bars. There is also the £150m redevelopment of Quarry Hill which will be transformed into offices and residential spaces.
Regeneration in Manchester includes The Factory, a creative space that will allow artists to produce work on a large scale. Plans have also been approved to regenerate the Great Northern Warehouse area in the city centre’s Civic Quarter and to create a new residential quarter in the city centre called St John’s. Football legends Gary Neville and Ryan Giggs have also proposed their own regeneration project that has recently received the green light. The project will include a 5-star hotel with 216 bedrooms and a 39-storey tower block that will contain 189 apartments and office space, a rooftop terrace, a public square and a synagogue.
Sheffield is also experiencing vast amounts of regeneration, as the next phase of major work to the city centre gets underway. The main focal point is a project named Heart of the City II. This is a £470m plan for hotels, shops, a food hall and public spaces for an area just behind Pinstone Street. Plans for a new set of buildings that will include boutique office space, a café, a courtyard garden and over 50 apartments have also been submitted.
Properties in places such as Leeds, Manchester and Sheffield start at a lower base point compared to property in London. The overall average property price in Sheffield for example stands at £198,103 (according to Rightmove), which is a rise of 6% compared to the previous year. The regeneration work within the city will help lift the prices further as new amenities and entertainment venues will make it a more attractive place to live in.
When is the “ideal” time to invest?
With 7% TO 8% per annum gross rental yields currently on offer for purchasing property in the north of England it demonstrates a robust investment opportunity for the astute investor. Investing in investment property in the north of England provides an attractive low point of entry into the property market with fantastic opportunities for growth over the coming 10 year period.
Invest from as little as GBP45,000 and get on the UK property investment market with some of the UK best property developers. Our developers are vastly experienced and have been developing and selling properties for over 20 years in the UK and to overseas clients.
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