What to look for in a buy-to-let property

So you’re looking at investing in a buy-to-let property. Well, if you’re not sure how to go about it or what to look out for in your property, here are a few things to consider:

Potential rental or growth

When choosing your buy-to-let property, decide what your priorities are. Would you rather buy a property from which a high and regular rental income is likely or one in which a high growth in value is a possibility? A good rental yield and growth don’t necessarily come together, so your priority in this regard will play a great part in your property choice.

The likely tenant

Have a picture of your preferred tenant before you invest. If you want to rent to young professionals rather than students, for example, you’ll want a property that is finished to a higher specification, with en-suite bathrooms for each bedroom for example.

Some buy-to-let markets have a very specific clientele, who’ll have a detailed wish list for the properties they’ll rent. If you are investing at the luxury end of the market, then contact a Monaco estate agency to assist you in finding the right property.

Location is the name of the game

The location – the crucial factor in your buy-to-let plans. Do you want something that’s close to home and easy to keep an eye or not? Is it a property you want to live in yourself at some point, retire to maybe or not? Or is it simply an investment from which you want a steady income.

When looking for your buy-to-let property it’s crucial to look out for one which will meet your financial properties and suit your ideal tenant too, and picking the right location will help you to do both. So if the regular income provided by students is a priority, then investing in a northern university town might prove ideal. On the other hand, if a retirement in the sun is your aim, then investing in a sunnier climate abroad might be the right choice.

Infrastructure, investment, and growth

Also, give a thought to the broader area too and do your research before investing. If growth is your priority, then search for up and coming areas; like those inexpensive areas that are close to more sought after ones.

Look out for investment projects too, particularly infrastructure projects that could lead to a significant growth in value. So keep an eye on big rail projects and the like. Also, give thought to any problems affecting the area like flooding, for example, search on local news websites to see if there are any negative associations with your preferred location and talk to people in the area if you can.

Turnkey condition?

Another key consideration when looking for buy-to-let property is the condition. Give a thought to whether you want a property in a turnkey condition that you could let out from day one or whether you are prepared to take on a project. It might be that buying the worst property in the best area, would lead to the greatest growth in value. However, you’d need to put in the hard work or pay for someone else to do it, so you’ll have to consider if your budget will run to this additional cost.

So there you have a few pointers to consider when choosing your buy-to-let property. The location, likely tenant, condition and local infrastructure projects are all things to look out for when selecting your property.

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More